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 …
Like most states, cannabis in Montana was outlawed during the 1920s prohibition era. Fast forward a few decades, and Montana experienced its own fame in the illegal cannabis market. In 1985, a failing Montana beef ranch turned to cannabis to bring in some profit and to pay off outstanding debt. The Kurth family owners of the ranch were successful in …
In order to apply for a Montana medical dispensary license, you must first apply for a Canopy License to become a Provider and/or MIPP. Applications for Canopy and Dispensaries can be processed concurrently. From January 1, 2022, until July 1, 2023, only Montana medical marijuana licensees who were licensed on November 3, 2020 (or had an application pending with DPHHS …
Answers for all your questions about the New Jersey cannabis market and licensing process. What cannabis business licenses are currently available in New Jersey? There are currently eight (8) cannabis business license types available in New Jersey: Cultivator Processing Wholesaler Distributor Retailer Delivery Microbusiness What are the licensing restrictions for cannabis cultivator licenses in New Jersey? The number of licenses …
New York is taking an unprecedented approach to supplying the incoming recreational market. The first wave of legal cannabis crops will come from cannabinoid hemp farmers in upstate New York. The outdoor, “sun-grown” crops are expected to supply the first wave of dispensaries scheduled to open at the end of 2022. It presents a unique and positive opportunity for those …
Answers for all your questions about the New York cannabis market and licensing process. Who qualifies for social equity, adult-use cannabis retail dispensary licenses in New York? The Marijuana Regulation Taxation Act (MRTA) sets the following qualifications for social equity applicants: Individuals from communities disproportionately impacted by cannabis prohibition Minority-Owned Businesses Women-Owned Businesses Veteran-Owned Businesses Distressed Farmers What are the …
An increasing number of states have been opening application programs for cannabis business licenses, though this process differs between states. In Illinois and Missouri, license programs are run statewide, but in states like California, New Jersey, and New York, licensing periods are determined by municipalities. Oftentimes, applications are only accepted during a short window of time and are graded on …
