Latest Cannabis News: September 19, 2023
Latest Cannabis News: September 19, 2023
Stay up to date with the latest legalization and cannabis news with the C.B. Advisors. Every week, we will release a snippet of what’s happening with each state in the cannabis industry. Did you miss last week? No worries – click here for last week’s cannabis news.
No legislation
Nebraska: Nebraska activists launched a fundraising effort on Wednesday to support their push to get a pair of medical marijuana legalization initiatives on the state’s 2024 ballot.
Nebraskans for Medical Marijuana (NMM) has already started circulating petitions and says it has met signature threshold requirements in two counties as of late August.
In order to make the November 2024 ballot, the campaign will need to collect about 87,000 total valid signatures from registered voters for each petition—in addition to meeting the county goal—and turn them in by July 5, 2024.
The first of the initiatives would require lawmakers to codify protections for doctors who recommend cannabis and patients who purchase and possess it—essentially creating qualified immunity.
The other initiative would create a new Nebraska Medical Cannabis Commission to provide “necessary registration and regulation of persons that possess, manufacture, distribute, deliver, and dispense cannabis for medical purposes.”
Medical
Alabama: The Alabama Medical Cannabis Commission (AMCC) canceled an upcoming meeting scheduled for Tuesday as attorneys for the commission and companies who didn’t receive a license in August continue to negotiate on a path forward for getting the new industry up and running in the state.
The announcement was posted on the AMCC’s site on Friday afternoon.
“Productive dialogue between counsel for the AMCC and litigants continued Friday, September 15. However, those discussions have not yielded any business that the Commission needs to consider at this time. As such, the Commission meeting scheduled for Tuesday, September 19, at 1:00 p.m. is canceled. This will allow all parties the opportunity to continue with ongoing discussions. The next Commission meeting is scheduled for Thursday, October 12 at 1:00 p.m,” the AMCC announcement stated.
Recreational
Maryland: The Office of Social Equity and the Maryland Cannabis Administration will offer technical assistance to Social Equity Applicants for the Fall 2023 Cannabis Licensing Application.
The technical assistance program includes informative sessions, and networking opportunities for those navigating the licensing process.
Expert session topics include:
– Business Formation and Structure
– Partnership Deals
– Finance and Taxes
– Raising Capital and Investors 101
The Maryland Department of Commerce has also announced the eligibility criteria for the next round of funding through the Cannabis Business Assistance Fund (CBAF). The CBAF offers grants and loans for small, women or minority owned businesses entering the adult-use cannabis industry.
The criteria can be found on the CBAF webpage.
The Cannabis Business Advisors have more than thirty years of combined industry experience, spanning across the U.S. and around the globe. C.B. Advisors offers a comprehensive suite of services, including application and licensing preparation, operational analysis, merger and acquisition support, policy and procedures, exit strategy guidance, and business development planning.
Contact Info@thecannabisbusinessadvisors.com for more information on how to apply for a cannabis business license.
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