In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.
In today’s news:
#cannabisindustry – “Marylanders have overwhelmingly voted to legalize adult-use marijuana, according to major news outlets, laying the groundwork for a recreational cannabis market that is expected to generate sales approaching $1 billion within a few years after its launch.
Maryland is the 20th state in the nation to approve recreational marijuana.”
https://mjbizdaily.com/maryland-votes-to-legalize-adult-use-marijuana/
#cannabisindustry – “Now that a legal pathway has begun to open allowing cannabis to evolve from an illegal commodity into a recognized lifestyle choice, the availability of legal consumption while attending an out-of-home or immersive experience has the potential to benefit brands by creating multiple revenue streams and business opportunities beyond the simple monetization opportunities of selling an out-of-home consumption opportunity…
The catch is that companies must comply with a complex maze of cannabis laws and regulations that vary from state to state dictating whether public consumption is even permissible.”
#californiacannabis – “A pair of investors who said an affiliate of California pot firm Pineapple Ventures owed them $75,000 stemming from a financing deal have come to a conditional settlement in the case, a recent court filing shows.
Anna Vocino and Alfred Loren Tarquinio had said in their Los Angeles County Superior Court suit that they agreed to lend money to defendant Neu-Ventures Inc., which agreed to repay $75,000. Repayment was due on or before April 15, and the promissory note specifically identifies Neu-Ventures as being an affiliate of Pineapple Ventures, they said.”
Armada Law Corp now offers licensing and compliance services in all 50 states….
#cannabisindustry – New York – “The New York OCM’s “Guidance for Adult-Use Dispensaries” is a series of prospective regulations for Conditional Adult-Use Retail Dispensary (CAURD) licensees and applications and are immediately effective.
The 27-page document includes requirements and operational rules addressing everything from operations and compliance measures to marketing, sales and distribution parameters, while providing insight into the OCM’s plans for issuing licenses when the time comes. This includes topics of record-keeping requirements, required training for staffers, and inventory and tracking requirements, among others.
While these guidelines are not yet formally adopted and enacted as rules, they at least offer both CAURD licensees and regulators a “working” preview of the New York Cannabis Control Board’s (CCB) expectations for the forthcoming dispensaries.”
#californiacannabis – “Los Angeles County voters Tuesday evening appeared to be strongly behind a proposal that would impose business taxes on cannabis operations in unincorporated areas, once such businesses are permitted.
The county is still developing regulations for cannabis operations in unincorporated areas, with an ordinance expected to come before the Board of Supervisors next year.”
#cannabisindustry – Missouri – “Voters approved Amendment 3, known as Legal Missouri 2022. The measure earned 53% in support. The decision on Amendment 3 comes four years after Missouri legalized the use of medical marijuana with 65% of the vote….
Under the amendment, nonmedical users will be able to possess up to 3 ounces of marijuana, while medical patients could possess up to 6 ounces….
Amendment 3 also makes changes to Missouri’s cannabis business industry. John Payne, campaign manager for Legal Missouri 2022, said a minimum of 144 new licenses will be issued through the Department of Health and Senior Services.
A 6% tax rate will apply to nonmedical sales in the state. Missouri is expected to earn millions from legalizing recreational use. At least 2% of the revenue will go into the Veterans, Health and Community Reinvestment Fund. Beneficiaries of this fund include the Missouri Veterans Commission and the Missouri public defender system.”