The past decade has been great for both recreational and medical cannabis, with more than 30 states legalizing some form of cannabis. The 2020 ballot saw five more states pass cannabis reform legislation, and 2021 is poised to be a good year for cannabis as well. Quite recently New York, New Mexico and Virginia passed legislation allowing recreational cannabis.
Although it may seem like the wave of cannabis reform sweeping through the nation has reached its peak, the year is far from over. Lawmakers in several more states are still working on developing cannabis regulations and ending prohibition within their jurisdictions, and consequently, we may see more states legalize cannabis in 2021.
Connecticut currently has two cannabis reform proposals in the legislature. Bill SB 888, which is supported by Governor Ned Lamont, was cleared by the Judiciary Committee by a 22–16 vote after being amended to include a variety of social equity provisions. The second proposal was sponsored by Rep. Robyn Porter; it also emphasizes social equity. According to Gov. Lamont, he expects voters to decide on the fate of cannabis reform via a referendum if lawmakers fail to pass cannabis legislation.
Delaware is also poised to legalize recreational cannabis after the House and Human Development Committee approved a recreational marijuana bill. Filed by Rep. Ed Osienski, the bill would allow adults aged 21 and older to possess and consume under one ounce of cannabis. It would create a regulated commercial cannabis market, levy a 15% tax on cannabis sales and allow for the expungements of previous cannabis-related offenses. It also has a variety of social justice provisions for victims of the failed war on drugs.
Minnesota has already passed a bill to legalize cannabis through four House Committees. The legislation is sponsored by Majority Leader Ryan Winkler, and it will allow adults 21 years and older to purchase and possess up to one and a half ounces of cannabis and to cultivate up to eight plants for consumption. According to Winkler, the legislation will pass unheeded through the remaining committees by the end of the month and receive a floor vote in the full chamber in May.
Rhode Island recently saw two Senate Committees — the Judiciary and Finance committees — hold a joint hearing on two cannabis reform proposals. One proposal, which was introduced by Governor Dan McKee and included in his budget measure, would legalize cannabis and require the state to issue 25 licenses to marijuana retailers over the first three years. The other proposal, led by Health and Human Services Committee Chair Joshua Miller and Senate Majority Leader Michael McCaffrey, would also allow adults aged 21 and older to purchase and possess up to an ounce of marijuana.
As more states enact marijuana laws, more patients could be eligible to benefit from the innovations that companies such as RYAH Group Inc. have brought to the market.
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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