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The new Congress sees its first cannabis legalization invoice.
As Cannabis Wire reported this week, the 9 cannabis payments launched in Congress to date this yr have targeted on veterans and enterprise, whereas onlookers maintain their breath in anticipation of a extra complete reform invoice from Sens. Chuck Schumer, Cory Booker, and Ron Wyden.
Now, make the variety of payments ten. Two Republican lawmakers, Rep. David Joyce and Rep. Don Young, have launched the Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act, or H.R.3105, “to limit the application of Federal laws to the distribution and consumption of marihuana, and for other purposes.”
“It’s past time for Congress to recognize that continued cannabis prohibition is neither tenable nor the will of the American electorate,” mentioned Joyce in a statement.
“My legislation answers the American people’s call for change and addresses our States’ need for clarity by creating an effective federal regulatory framework for cannabis that will help veterans, support small businesses and their workers, allow for critical research and tackle the opioid crisis, all while respecting the rights of States to make their own decisions regarding cannabis policies that are best for their constituents.”
Colorado cannabis gross sales bounce again.
After reaching an unprecedented excessive in mid-2020, Colorado’s cannabis gross sales plunged by the beginning of this yr. While solely about half of the 2020 positive factors had been misplaced, as they had been substantial, gross sales this yr roughly picked up the place mid-2019 left off.
But now, they’ve bounced back. And, in the event that they proceed apace, gross sales are on observe by summer season to surpass final summer season’s information.
Trulieve takes over Arizona.
Or, at the least, that’s a method to consider the Florida-based firm’s forthcoming acquisition of Harvest Health and Recreation. Trulieve already primarily dominates Florida’s medical cannabis trade, making up effectively over half of all gross sales. And Harvest has the largest footprint of any cannabis firm in Arizona, the place grownup use gross sales have recently launched, and the corporate helped to bankroll the legalization marketing campaign.
Now, after this $2 billion deal is finalized, Trulieve is poised to turn out to be the best valued multistate operator within the US. The firm can have a presence in 11 states, with 126 retailers and practically two dozen cultivation and processing websites.