Welcome to our wrap-up of Episode 9 of This Week in Cannabis News.
In Vermont, the first two adult use cannabis retail licenses were issued. The dispensaries—one in Rutland and one in Middlebury—were given the thumbs up to transition their medical marijuana license to adult use.
Pro tip: For those looking to learn more about the Vermont cannabis market, we recently hosted a webinar titled What you need to know about opening a cannabis dispensary in Vermont. We partnered with Vermont Cannabis Solutions to provide a comprehensive drill-down into where the state stands right now, and how to get started with opening a dispensary.
Rhode Island is beginning to provide instructions and regulations for medical dispensaries that want to transition to recreational cannabis sales. The Providence Journal analyzed what needs to happen between now and the December 1st kick-off date for recreational cannabis sales.
In a recent episode of This Week in Cannabis Retail, we shared an update about Missouri’s would-be ballot measure in November that was facing a court challenge. Well, that court challenge was resolved and the measure is heading to the ballot. But before that happens, one Republican lawmaker wants to bring up his own legalization bill in a special legislative session to legal before the ballot measure is considered.
House Democrats in Iowa included legalizing cannabis as part of their People Over Politics platform. In a recent tweet, Rep. Jennifer Konfrst stated:
House Democrats cheered on a movement in Wichita, KS to decriminalize cannabis locally. They tweeted:
“We’ll be BLUNT. We don’t mean to be a BUZZ KILL but our fundraising numbers are, well, not as HIGH as we need to win in November. The @CityofWichita city council voted to decriminalize marijuana on Tuesday. The energy around #mmj legalization is growing like a WEED.”
Also last week, The Cannabis Compliance Board in Nevada stated they would begin accepting applications for consumption lounges on October 14th. It's perfect timing because the industry closes in on the Las Vegas Strip on November 16th for MJBizCon.
Per New Cannabis Ventures's review of the Michigan Marijuana Regulatory Agency’s reported sales numbers, the state's cannabis sales slipped 1% from July to August 2022; but increased 26% YoY from last August.
The team at Grown In examined a possible moratorium on grow licenses in Michigan to address the glut of cannabis hitting the market in the state.
Liz Ely is a Senior Manager at Dutchie Insurance who joined us last week for a webinar titled A beginner's guide to cannabis business insurance. During the program, she walked webinar attendees through the simple process Dutchie follows to assess the needs of cannabis businesses and match them with the right policies.
Liz also provided insight into why an ongoing and quarterly review of insurance needs is especially valuable in the dynamic cannabis industry. We're running in this week's episode because, as you can probably tell, there are lots of new licenses being granted in emerging markets, and the right insurance is critical to the success of any business.