In this week’s edition: Alabama legalizes medical cannabis; Montana legalizes adult use FTC imposes fines for CBD marketing Nigeria plans to legalize cannabis farming Sam Adams and Rite Aid show interest in cannabis and CBD products And more… States
AL – Alabama Governor Kay Ivey (R) signed the state’s medical cannabis legalization bill into law on Monday. The relatively restrictive Alabama Compassionate Act includes low dosage limits and prohibitions on smokable flower, vaping, candies and baked goods. Vertically integrated license holders may operate up to five dispensaries, and dispensary license holders are allowed up to three locations. Business license applications are to start by September 1, 2022.
CO – Colorado raised its legal possession limit from one to two ounces, and also announced that past convictions for possession under this limit will be sealed as long as qualifying individuals petition and have no subsequent criminal convictions. Over 2,700 people have already been pardoned under the prior policy for smaller possession crimes.
MT – Montana legalized adult-use cannabis when Governor Greg Gianforte (R) signed HB701. Sales may begin in January 2022, but will vary by county. About half the state’s counties, where voters did not approve the ballot measure, will not have adult-use sales unless voters later approve it. Taxes will be 5 percent for medical; 20 percent for adult use. Although the use of tax funds described in the ballot measure is the subject of a legal dispute, the new legislation includes plans to fund a large drug treatment program through support of local organizations.
NJ – A panel of the New Jersey State Bar Association is discussing the state’s forthcoming adult-use market and its potential opportunities for minority businesses. The state’s commission is required to prioritize license applications on the basis of “impact zones,” where law enforcement