What’s Trending In the Cannabis Market?
Ohio Adult Use Cannabis
Ohio will vote on Adult Use Cannabis sales in November 2023. If passed, Ohio will be the 24th state to legalize cannabis for recreational purposes. If passes, the new law would allow adults over 21 years of age to possess up to 2.5 ounces of marijuana or 15 grams of marijuana extract. Additionally, Ohio Adult […]
Cannabis Inventory Costing
A wise CFO once tried to explain to me how he wanted the costs associated with the cultivation and production of cannabis good recorded. He described “buckets” that the costs would essentially “go into”. Thus began my journey of researching cannabis inventory costing. What are these theoretical buckets? What costs “go into” these buckets? How […]
Rhode Island Cannabis License
Rhode Island cannabis became legal in May of 2022. You might remember our blog post “Rhode Island Recreational Cannabis” announcing the first Adult Use sales. At that time, there were only 6 recreational retail locations in the state, and the Department of Rhode Island Office of Cannabis Regulations were still working on the recreational program […]
New Mexico Cannabis License
The New Mexico Regulations and Licensing Department Cannabis Control Division is currently accepting New Mexico cannabis license applications. Currently, there are no limits to the amount of licenses that can be approved by the department. Additionally, there are no city bans on cannabis business locations in New Mexico. The only exception to this is consumption […]
Minnesota Cannabis License
Minnesota is the 23rd state in the nation to legalize cannabis use for people 21 and older! The Minnesota Office of Cannabis Management is currently creating a process for applicants to apply for a variety of license types. Similar to other states, Minnesota will offer the following recreational license types: Each license type has a […]
Vermont Cannabis License
Unfortunately, the Vermont Cannabis Control Board closed the application period for cannabis cultivation licenses on April 28, 2023. However, the Vermont cannabis cultivation license period will open again on December 1, 2023. Luckily, Vermont is accepting all other applications types at this time. Let’s get into what is required to apply for a cannabis license […]
Mississippi Medical Cannabis License
The Mississippi Medical Cannabis Program’s (MMCP) mission is to “provide a safe and accessible program that meets the needs of patients and the public health and safety of all Mississippi residents”. Because the medical cannabis industry in Mississippi is new, the state has an open licensing period. The department is issuing Mississippi Medical Cannabis License […]
New Jersey Cannabis License Application
The New Jersey Cannabis Regulatory Commission currently has an open License Application window. Furthermore, the commission is accepting applications for recreational cultivators, manufacturers, retailers, and testing laboratories. Currently, there is not an established limit on the number of cannabis business licenses available statewide. License Types Defined The definition for each license type is available below:Cultivation […]
Maryland Adult Use Cannabis
Maryland opened the adult use cannabis industry to the public on 7/1/23. As of 7/5/23, tax revenue from adult use sales surpassed 10 million dollars. However, only businesses previously licensed as medical cannabis dispensaries are currently able to offer marijuana to adults 21 and older. What Is Next? The Maryland Cannabis Administration (MCA), in partnership with […]
Texas Compassionate Use Licensing
The Texas Department of Public Safety closed the Compassionate Use Licensing application period on April 28, 2022. However, the licensing period will be open again soon. We will explain throughout this article why we are confident the state will open application windows again, and how we can help you prepare for when additional licensing becomes […]
