This means big business—and, more importantly, great reforms in civil rights and criminal justice.
We’ve reported on the wave of medical and adult-use legalization moving across the U.S., particularly in the past 12 months, but it’s important to recognize the progress sweeping across the globe, as well. This week, Panama became the first country in Central America to legalize medical cannabis. This is a major step forward.
At the same time, as Marijuana Moment reported, the Mexican legislature plans to address the recurring question of cannabis legalization in that country—one that holds the potential for the world’s largest cannabis market.
In both cases, the promise is real. This means big business—and, more importantly, great reforms in civil rights and criminal justice.
These headlines also serve as a reminder that cannabis won’t remain a series of fragmented markets for too much longer. U.S. legalization is being bandied about, of course, and business owners will one day need to reckon with the broader supply and demand curves outside their relatively small corner of the global industry.
What does that mean?
It’s hard to say, but it does mean that everyone in the business should keep an eye on the horizon. The cannabis industry is only getting bigger. There’s plenty of room for everyone who feels a calling to this plant, and it will surely remain an industry in which the important of listening to one another cannot be overstated.
We’ve rounded up some of the key cannabis headlines from the week right here.
At this time, it remains unclear when adult-use sales will begin in New Jersey; however, newly approved regulations lay out the requirements for those looking to apply for a New Jersey cannabis license. Read more https://www.cannabisbusinesstimes.com/article/new-jersey-cannabis-regulatory-commission-approves-adult-use-market-regulations/
November 2021 marks three years since adult-use cannabis sales launched in Massachusetts, and already, the state’s dispensaries have reported more than $2 billion in sales. Read more https://www.cannabisbusinesstimes.com/article/massachusetts-adult-use-cannabis-sales-top-2-billion/
The Michigan Regulatory Agency released 116 pages of proposed rules Aug. 30 that would create new license types and reduce licensing fees for the industry. What does that mean for prospective business owners? Read more https://www.cannabisbusinesstimes.com/article/proposed-cannabis-regulations-michigan-new-license-types-reduced-fees/
Panama has become the first Central American country to legalize medical cannabis. Read more https://www.cannabisbusinesstimes.com/article/panama-legalizes-medical-cannabis/
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