Nevada’s cannabis industry continues to break records
This fiscal year, cultivators, testing laboratories, and dispensaries in Nevada have already attributed more than $109 million dollars in taxes and operational fees, breaking its previous record of $74.7 million (2018).
Not surprisingly, cannabis sales are also up in the 2019 fiscal year, totaling over $529 million; more than doubling regulators initial predictions.
While the full number has yet to be disclosed, by law, 15% of all taxes and fees have to be distributed to Nevada school districts – which would total around $79,350,000 dollars.
Sin City, which welcomes more than 42.9 million tourists each year, has quickly
Naperville, Ill. bans adult-use cannabis sales
Tuesday, the Naperville (Illinois) City Council voted 6-3 in favor of a ban that would prohibit dispensaries from participating in the state’s adult-use cannabis program, which is set to roll-out Jan. 1, 2020.
For now, the decision places another pain point for businesses and lawmakers to work through – but its not final; after the vote, members of the council who voted against the ban made it clear that a future ballot, one that may allow local voters to revisit the issue, could be presented in the near future.
Speaking to the Chicago Tribune, Revolution CEO Mark De Souza said the state’s “interpretation kind of hinders the intent of what the program was supposed to be”, but that businesses will follow the regulations regardless.
Utah Lawmakers still debating MMJ policies
One of the more surprising, unnoticed stories of the the 2018 Midterms was that residents in the State of Utah confidently voted for approval of a robust medicinal cannabis market, despite the opposition spending 10 times as much money in campaign funds.
But since then, little has changed. Nobody in Utah is currently growing cannabis, and licenses for dispensing, and testing have yet to be rewarded.
The halt in progress can be attributed to a number of things; mostly including influential conservative-based groups like the Latter Day Saints Church, who originally formed a ‘closed-door- agreement with Utah lawmakers, creating a much more limited MMJ program in comparison what voters approved of in 2018.
But talks are yet again underway. Tuesday afternoon, local Utah press broke that medical cannabis advocates would be meeting with legislative leaders to discuss qualms with the program that has yet to begin; discussing qualifying conditions, packaging & labeling concerns, and more.
The meeting is set to start off a wave of purposeful gatherings that are meant to help push the program forward. If lawmakers are successful, they hope to medicinal cannabis available for patients by March 2020.
Oklahoma implements “emergency rules”
Over Labor Day Weekend, the Oklahoma Medical Marijuana Authority released its new set of rules for the state’s medicinal cannabis program, effective immediately.
The new set of regulations are intended to help public health workers, cultivators, and processors better adjust to the increase of patient demand within the program; which is currently averaging more than 4,000 added patients each week, totaling over 180,000 patients.
The new set of regulations include more detailed seed-to-sale tracking, extra license categories for transporters and craft growers, and updated policies relating to physician and doctor regulations; which now allows certified podiatrists to approve the use of medicinal cannabis. Other changes include drastically reducing application costs for veterans, and low-income workers, which now comes at just a $20 fee.
To hear more about one of the fastest growing MMJ programs in the US and the changes coming to it, listen to our recent interview with Adrienne Rollins, Director of OMMA. Full episode below: