The Ontario government is considering setting the retail price of recreational marijuana at around 10 Canadian dollars per gram ($8.10) come legalization next summer, raising the question of whether the price will be low enough to deter consumers from going to the black market for cheaper product.
Experts are warning provinces to keep their legal marijuana competitively priced if they hope to take a bite out of the black market, and CA$10 per gram appears to be slightly higher than what consumers have been paying for illicit cannabis, which the Parliamentary Budget Office estimated to be CA$8.64 per
By Bart Schaneman, Omar Sacirbey and Kristen Nichols
Florida sets new regulations for medical marijuana business license applicants, cannabis tech company Weedmaps joins Boston’s Chamber of Commerce, and South Carolina’s hemp application deadline approaches.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
According to KATV, Little Rock-based Marygold Laboratories is planning to spend $1.1 million to enter the cannabis testing space. Marygold, a craft beer-testing lab, would check marijuana for potency – THC and CBD levels – as well as moisture and contaminants.
The lab is holding out for International Organization
Details are starting to emerge about Michigan’s new medical marijuana licensing rules.
Michigan’s medical cannabis businesses will be allowed to grow, process and sell MMJ at the same location once a new statewide MMJ regulatory system is up and running, the Department of Licensing and Regulatory Affairs said Thursday.
Potential medical cannabis licensees who want to run vertically integrated businesses under one roof must have separate working areas, entrances and record-keeping systems in place for each license, MLive.com reported.
Gov. Brian Sandoval has ordered Nevada’s gambling policy committee to recommend guidelines on issues where the state’s long-established gaming industry and nascent recreational marijuana industry intersect, including whether casino-resorts can host events that promote or cater to the cannabis industry.
The Nevada Gaming Policy Committee – which includes gambling regulators, casino representatives and other industry officials – must meet no later than Dec. 15 and make its recommendations by June 2018 under Sandoval’s mandate.
The chairman of the state’s Gaming Control Board, who’s also a committee member, raised two big questions:
Hemp fields are getting extra protection from law enforcement in one eastern North Carolina county where the new crop has been targeted by thieves, a sign that growers of the plant face more threats than the usual pests and poor weather.
The extra sheriffs’ patrols in rural Edgecombe County, N.C., come after five men were accused this week of trying to steal hemp. They were charged with trespassing, the Rocky Mount Telegram reported.
The first case happened Monday, when three men were charged with second-degree trespassing after a sheriff’s deputy responded to a report of a suspicious vehicle near a
Florida has already licensed 12 medical marijuana businesses, but the state health department has decided to adjust the regulations for additional businesses, seemingly a nod to the agency's previous missteps.
Five additional MMJ licenses are scheduled to be issued by Oct. 3, but those applicants will have faced a much different process than their predecessors, according to the News Service of Florida.
The Office of the Australian Information Commissioner and Data61 have released a guide to assist organisations to appropriately de-identify data to meet requirements such as those mandated under the Privacy Act.