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Cannabis Chart Of The Week: Who’s Growing In Florida, And Has The State Gotten Ahead Of Itself?

By Viridian Capital Advisors
January 30, 11:55 AM
Florida is often considered one of the most critical states in terms of growing legal cannabis sales. The State is estimated to have approximately $2.6B in 2023 legal sales, representing a per capita consumption of about $118 based on the total population or $145 based on adult population.

AAWH

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Ohio GOP Lawmakers Say Adult-Use Cannabis Sales Rules Could Be Ready In Spring, Promise ‘Real Progress’

By Jelena Martinovic
January 29, 11:04 AM
Although Ohio voted in favor of legalizing recreational cannabis over two months ago, marijuana sales have yet to commence. This is because there have not been any rules defined regarding the legal sales of the recreational drug. According to Speaker of the Ohio House, Jason Stephens, he is working towards achieving a resolution on this issue in the spring. The Senate President, Matt Huffman, is also optimistic that the groups will reach a resolution on this matter within the next month. Several competing bills have been put forward, with both House Bill 86 and House Bill 354 looking to address the issue.

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People Are One Step Closer To Buying Legal Weed In Virginia: Which Stock Is Leading In This New Retail Market?

By Nicolas Jose Rodriguez
January 26, 5:07 PM
Virginia's journey toward establishing a regulated cannabis market has taken a significant turn. The Senate Rehabilitation and Social Services Subcommittee on Cannabis approved a Senate Bill that aims to create a regulated marketplace for cannabis. 

CBST

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Colorado Wants To Simplify Cannabis Regulations, Eliminate Fungus Testing: A 500-Page Rulebook Is Too Long, Lawmakers Say

By Jelena Martinovic
January 25, 11:11 AM
Colorado lawmakers have introduced a bipartisan bill that aims to remove a rule requiring cannabis products to be tested for a fungus called Aspergillus. The rule, which was implemented by the Colorado Marijuana Enforcement Division, resulted in 17 product recalls in 2023, the most in the last seven years. The bill, Senate Bill 24-076, also seeks to make other changes to cannabis business regulations in the state. It would address the issue of labelling mandates for THC-infused products made from remediated marijuana, allow dispensaries to sell consumable goods that don't contain THC or CBD, and extend cannabis licensure from one to two years without any changes in fees. The bill has been brought by the Marijuana Industry Group, which says it is time for Colorado to streamline its regulations, following the lead of states including Nevada, California, Oregon and Maryland.

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