D.C.’s October legal medical cannabis sales report shows hope
The Alcoholic Beverage and Cannabis Administration released the October sales report for their legal medical market. The report shows a rebound to normal if not still disappointing numbers by the market. September sales had shown a severe downturn in profits, but October was able to rise above the shadows and show some sprinkles of hope with a total revenue of $4.5 million. The bits of hope came in the rise of registered patients. Registered patients rose by almost 1,000 and patients served rose by almost 1,000 too, signifying a potential new group of registered customers that are shopping in D.C.’s legal medical market.
- Next ABC Board meeting is Wed. December 4 at 10:30 A.M., watch here and agenda
- Most recent rule making can be read here.
DC beats early cannabis adopters with having the second most cannabis consumers in the country.
A study compiling data from the Substance Abuse and Mental Health Services Administration shows Washington D.C. to have the second most cannabis consumers in the United States. Despite D.C.’s shifting legality when it comes to cannabis, 33% of adults in DC are recreational cannabis users. D.C. comes in second to Vermont, a state that’s had legal cannabis since 2004 with recreational cannabis in 2018.
Virginia’s patients give feedback to the state’s medical cannabis program and resources
Medical cannabis patients in Virginia have been able to voice their problems with the state’s medical cannabis program. More than half of the medical cannabis patients in the state are planning to renew their medical patient certification with the most prominent issue among patients being prices and limited product stock at the around two dozen dispensaries spread throughout the state.
ICYMI: Padlocked gifting shops sue, MD launches a new public health cannabis tracker
East Coast Roundup
A New York state Supreme Court judge recently ruled in issuing a temporary restraining order that allows two hemp retailers in New York city to take down “illicit cannabis” signs placed as a result of raids by state cannabis regulators.
Massachusetts-based, Curaleaf Processing was recently approved for an application to operate a cannabis research lab in Newton by the states Cannabis Control Commission making it the state’s first issued cannabis research license.
Cannabis wholesale platform Nabis has recently launched in New York with an ambition to innovate in the state’s cannabis supply chain with rapid order fulfillment, customer and compliance support and payment processing for locations in the Bronx and Rochester.
Culture & More
Custom Cones, a Washington-based pre-rolls manufacturing and packing business conducted a study looking at 900 pre-roll cannabis users and their buying habits showing millennials make up 45% of the $3 billion market.
In court records this week, California-based Blüm Holdings’ subsidiary Unrivaled Brands filed for Chapter 15 bankruptcy protections as the latest in Unrivaled’s yearlong beef with investor People’s California for alleged breach of contract and strange patterns of conduct.
In a recent study by Stripe Theory on behalf of an Amsterdam based community seed bank and learning resource it was found that among the 66% of people who feel empowered to grow cannabis at home, 61% of homegrowers are women.
Around the Country
IAround 20 people submitted testimonies for Ohio’s Senate Bill 326 looking to regulate or ban delta-8 THC and other intoxicating hemp products with policy makers having a significant focus on public health and safety.
Missouri Court of Appeals ruled the 3% local tax on cannabis products in the state was unconstitutional if stacked onto the 14.98% state sales tax, the new law forbids cities and counties from double taxing adult-use cannabis.
Since Georgia’s number of medical cannabis patients reached 25,000, six production companies licensed by the Georgia Access to Medical Cannabis Commission will now be able to run 13 medical cannabis dispensaries across the state.
From the swamp
In a court hearing to flesh out the Biden Administrations changes to loosen cannabis policy where the Drug Enforcement Administration was set to speak, cannabis advocates asked the judge to remove the DEA from the hearing further highlighting the increasing division on the uncertain proposal.
FEATURED: Pam Bodie’s nomination to lead the Department of Justice replacing Matt Gaetz, a backer for legal cannabis despite his several flaws, puts federally reclassifying cannabis in limbo. This leaves President-elect Donald Trump’s supporters to cite his claims to stand beside federal cannabis reform Read more via Cultivated, a 5-minute daily newsletter for cannabis industry and policy professionals. Subscribe today!
GOP Senator, Thom Tillis directly contradicts other Republican caucus members who oppose federal cannabis legalization, Tillis argues cannabis should mirror alcohol and tobacco’s federal framework instead of leaning on cannabis industry banking legislation.
