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A New Mexico judge has instructed the state’s Department of Health (DOH) and the Regulation and Licensing Department (RLD) to halt the enforcement of stringent medical cannabis purchase limits. The previously imposed limits were included in an older version of the state’s cannabis law. Based on the judge’s demand, New Mexico’s medical cannabis purchase limits…
Colorado Attorney General Phil Weiser has alerted members of Congress of the “potential resulting disruption” that federal cannabis legalization may potentially inflict on existing state-legal cannabis markets. Weiser’s primary concern centers around the prospect of federal legalization—should it happen—being poorly structured. Specifically, he placed emphasis on the proposed 25% national cannabis tax rate featured in…
According to Statista’s projections for the United States, the medical cannabis market will soar in value to more than $11 billion by 2024—double the revenue reported in 2019. The recreational cannabis industry is also on a winning streak, with revenue from the adult-use sector amounting to a record $17.5 billion last year. While individuals below…