An estimated 200 small-scale farmers could be granted licenses a year before the state’s recreational cannabis market opens. Many have struggled since hemp prices collapsed in 2019.
Cannabis Report
Tag is to be used for content included in The Maine Cannabis Report. This includes medical and recreational pot and marijuana legalization.
Posted inBusiness, Maine Cannabis Report, Maine colleges, Sports
NCAA relaxes marijuana rules, proposes lesser penalties
College athletes can immediately have more cannabis in their systems before triggering a positive test and those who do test positive will likely not be suspended from games for a first offense.
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Posted inBusiness, Maine Cannabis Report
New York planning $200 million equity fund for new marijuana industry
State officials want ‘the most diverse and inclusive’ cannabis market in the nation, but advocates say the timing of funding and services is more important than the amount.
Posted inBusiness, Maine Cannabis Report, Nation & World
With celebrity backing, West Hollywood aims to become global cannabis destination
The California city is pushing to have one of the highest numbers of marijuana businesses per capita in the world.
Posted inMaine Cannabis Report, Nation & World
One of Europe’s smallest countries may become its first to regulate cannabis
The island nation of Malta has decriminalized marijuana and plans to establish a national authority governing its use.
Posted inBusiness, Nation & World
New York is latest state to legalize recreational marijuana
The Empire State could become the East Coast’s largest recreational marijuana market – generating a potential $2.3 billion in annual sales by its fourth year, a trade publication estimates.
Posted inBusiness, Local & State, News
Maine lawmakers seek to pre-empt proposed rules for medical cannabis
A bill co-sponsored by 2 Democrats would require the medical cannabis industry’s input on any new regulations.
Posted inBusiness, Local & State, Maine Cannabis Report
Farmers lose hope – and money – in race to build Maine’s hemp market
Marijuana’s non-psychotropic cousin was supposed to be a cash crop for Maine farmers, but it hasn’t worked out like that for most.
Posted inBusiness, Local & State, Maine Cannabis Report
Maine’s largest cannabis company sues to open state’s medical marijuana market to outsiders
Wellness Connection claims the U.S. Constitution gives nonresidents a right to own medical marijuana dispensaries in Maine.
Posted inBusiness, Local & State, Maine Cannabis Report
Marijuana has grown to become Maine’s most valuable crop
Sales of medical marijuana alone totaled nearly $222 million through October, making cannabis the state’s most valuable agricultural commodity.