Author: News Room

Maryland voters on Election Day approved a Legislature-backed ballot question to legalize cannabis for adult use, according to New York Times election results with 82% of the vote counted. Voters handily backed the measure by a 65.5%-34.5% margin.    Polling prior to Tuesday’s vote had repeatedly found strong support for the reforms, with an October poll from the Washington Post and the University of Maryland gauging support at 74%.   Unlike most citizen-backed initiatives, Maryland’s adult-use question was proposed by state lawmakers and gives the Legislature the green light to set up the industry. The approval by voters triggers some cannabis-related…

This article is excerpted from The SAFE Banking Act: Explained. Download the full report here. Lawmakers continue to discuss how to best move cannabis banking reform across the finish line of the Senate floor now that it’s been removed from the COMPETES Act. As legislators debate the next steps, we hope our peers in the field understand that this law is not just about making life more convenient for cannabis business owners. It would serve as a catalyst for cross-industry development benefitting multiple sectors across the economy. We can’t discuss the SAFE Banking Act without acknowledging the ripple effect it…

Nevada marijuana regulators say they received 100 applications for the state’s first-ever marijuana consumption lounge licenses during a short submission window last month, with plans to begin issuing approvals in “early 2023.” The Nevada Cannabis Compliance Board (CCB) started accepting the applications on October 14 and closed submissions on October 27. This comes more than a year after Gov. Steve Sisolak (D) signed a bill from Assemblyman Steve Yeager (D) legalizing consumption lounges. Current retailers were able to apply for one license category to build lounges into their existing operations, and there will also be independent lounges that can enter into a…