The Minnesota cannabis market has the potential to stimulate significant economic growth in the coming years. In addition to legalizing adult-use cannabis, the state has announced multiple grant programs to help support Minnesota cannabis business development. Grant programs intended to help fund, guide, and train the first generation of adult-use cannabis entrepreneurs will foster cannabis business development, generate job opportunities, …
Although an exact date for the commencement of cannabis business licensing is yet to be determined, Governor Walz has expressed his commitment to establishing a clear pathway for licensing and regulation of Minnesota cannabis businesses by May 2024. Since winning a cannabis business license can be a competitive process, many entrepreneurs and investors are eager to enter Minnesota’s burgeoning cannabis …
With the passing of HF 100, Minnesota joins the ranks of 22 other U.S. states in recognizing the economic opportunities and social justice advancements associated with recreational cannabis legalization. Adults 21 years of age and older in the state will now be able to use cannabis recreationally and the state is set to begin cannabis business licensing soon. Understanding the …
Minnesota has entered a new era of cannabis regulation with the recent passage of legislation that allows for the legalization of recreational cannabis. This groundbreaking development not only signals a shift in the state’s approach to drug policy but also lays the groundwork for a burgeoning cannabis industry. As part of this legislation, Minnesota has established 10 adult-use cannabis business …
Minnesota has officially legalized adult-use cannabis with the passing of HF 100. This monumental legislation reflects a progressive shift in attitudes toward cannabis, recognizing its potential benefits and acknowledging the will of the people. With this legalization, Minnesota becomes the 23rd US state to embrace the economic opportunities and social justice reforms associated with legalizing recreational cannabis. This momentous step …
Michigan became the first Midwest state to legalize the possession and use of recreational cannabis for adults age 21 years or older through the Michigan Regulation and Taxation of Marijuana Act, also known as Proposal 1, in 2018. Within one year of legalization, Michigan sold more than $1.6 million worth of cannabis products. The cannabis consultants at Point7 are ready …
North Carolina cannabis laws have not changed much over the past few decades. North Carolina is one of a select few states that continues to perpetuate cannabis prohibition despite overwhelming scientific evidence of its medicinal and therapeutic benefits. North Carolina marijuana bills may not be placed on a ballot initiative, but must go through the General Assembly. Though progress has …
Minnesota’s cannabis history starts early on in 1976 when the state decriminalized cannabis possession under 42.5 grams or less as a small misdemeanor. Minnesota is still developing its presence in the cannabis industry. The state has created a successful medical cannabis program, but has yet to legalize recreational cannabis. However, recreational cannabis legalization could come to Minnesota this year, with …
True Party of Interest includes, but is not limited to the following: a: applicant or licensee’s sole proprietor, partner (whether limited or general), member, manager, president, vice president, secretary, treasurer, officer, board member, trustee, director, or a person with equivalent title to each of the foregoing; b: Stockholder of applicant or licensee; c: each person that makes up the ownership …
The Biden Administration’s recent announcement on cannabis reform featured pardons for simple marijuana possession. The announcement, which may impact over 6,500 Americans, also included a assurances that the President is initiating the administrative process to review how cannabis is scheduled under federal law. While most agree that the current placement of cannabis in Schedule I of the Controlled Substances Act …
