Adult-use bill in New Mexico clears first hurdle
On Saturday, House Bill 356 was introduced to legislators in New Mexico, clearing its first committee hearing on a 5-2 vote.
The bill would legalize an adult-use market, but would require all businesses to “keep a percentage of their supply dedicated to the medical program.”
Under the current draft, cities and counties will be able to opt out of the program, giving them the legal option to ban commercial sales within their respective district(s).
Other details of the bill include expungement processes, tax allocation, and the need for funding more statewide medicinal cannabanoid research.
The bill is expected to be debated within the House Judiciary Committee in the coming weeks. If enough early support is generated, the House will cast an official vote before the bill is finalized in the Senate.
Bill filed in Vermont would fast track recreational sales
In late January, lawmakers in Vermont filed bill S54, an act that aimed to legalize and regulate adult-use cannabis.
A sister bill in the House has now appeared, introduced by Rep. Sam Young (D-Greensboro).
Unlike the Senate bill, Young’s proposal is attached to a specific timeline; calling for the first commercial sale to take place by a January 1st, 2020 deadline.
Current operators will be allowed to immediately begin sales (in 2020), so long as they pay a $75,000 application fee. But interested entities who don’t currently operate within state lines will have to wait until the next round of full-scale retailer licenses are issued in the Spring of 2021.
With Young already nabbing 52 official sponsors for his proposal, covering all three major parties in Vermont – the lawmaker appears to be offering the state one of its most realistic paths to ending prohibition.
Luxury cannabis-based products heading to Barneys New York
The high-end retailer went viral this week thanks to its announcement of The High End, a Beverly Hills flagship that will feature CBD-infused items with calming and relaxation benefits.
“Barneys New York has always been at the forefront of shifts in culture and lifestyle, and cannabis is no exception,” said Daniella Vitale, CEO & President of Barneys New York in a recent press release. “Many of our customers have made cannabis a part of their lifestyle, and The High End caters to their needs with extraordinary products and service they experience in every facet of Barneys New York.”
An official launch date has yet to be announced, but in the meantime, consumers can purchase a variety of hemp-infused products at Barneys.com
Iowa lawmaker pushes for an adult-use market
In comparison to current national trends, the Hawkeye State is behind when it comes to the legalization of cannabis.
Sen. Joe Bolkhom is hoping to change that through public pressure.
The Iowa City representative recently coined an op-ed in a handful of popular publications like The Gazette and the Iowa City Press-Citizen; using his platform to advocate for an adult-use market by highlighting all the potential benefits that would be felt across the state.
“Estimates are that state regulation and taxation of the legal sale of marijuana will create many new businesses and 4,000-7,000 new jobs across Iowa while generating between $40-$70 million in new state and local revenue,” wrote Sen. Bolkhom.
While Bolkhom’s piece was widely shared across social media, it likely won’t receive much congressional support as the state currently offers one of the most restrictive medical programs that took years of strategic development and planning.