May Cannabis Industry & Legalization News
Colorado bomb cyclone causes a spike in cannabis sales
In Colorado, preparing for a blizzard isn’t complete without hitting up a marijuana dispensary. Ahead of the bomb cyclone that hit the state in March, cannabis sales in both medical and adult-use retailers spiked. Medical marijuana dispensaries saw an increase in sales of 27% on March 11, and 25% on March 12. Sale of flower on those days increased by 14% and edible sales increased by 10% above average.
Total cannabis sales saw a 22% increase overall on March 11 and a 4% increase in the average transaction amount, from &62.23 to $64.95. On March 12, sales were up 25% higher, with the average transaction amount slightly increasing from $64.04 to $64.51. Altogether, statewide sales on March 11-12 increased by 21%.
Nebraska legislature nixes medical marijuana bill
Hopes for medical marijuana in Nebraska were dashed after a bill failed to garner enough support from state legislators. Sen Anna Wishart (D) sponsored the medical cannabis bill and agreed to all of the amendments proposed by opponents of the legislation, including prohibiting patients from smoking cannabis or home-growing marijuana plants. Another proposed amendment would have prohibited cannabis edibles, and Wishart said she would have supported that too. Despite those compromises, state senators rejected the bill.
“Honestly, this was my colleagues’ chance to do something, and I was giving them the decision on whether they wanted to take action or not,” Wishart said.
Opponents of the bill argued that legalizing medical marijuana would lead to pressure to legalize recreational cannabis use. They also argued that cannabis remains federally illegal and lacks approval from the FDA.
While the bill was up for debate, Wishart pointed out that cannabis has been used medicinally for thousands of years, and supporters of the bill referred to marijuana’s effectiveness in treating conditions like epilepsy.
“Why not just deal with a practical reality, where instead of doing it in the dark, they can go through a highly regulated medical system. Go through a doctor and make the right choice if cannabis is right for them,” Wishart said.
Industrial Hemp, CBD Coming to Texas
Texas lawmakers have approved a bill to legalize industrial hemp production and hemp-derived CBD that contains less than 0.3% of THC. The bill was introduced by Rep. Tracy King (D) and the Senate voted unanimously in favor of it. Next, the bill will head to the House for any amendments and a vote.
King’s bill would task the Texas Department of Agriculture to enact regulations in accordance with the Farm Bill that Congress passed last year, including a licensing and inspection process.
Some senators were concerned that legalizing hemp would be a slippery slope to marijuana use.
“Can this stuff be smoked?” asked state Sen. Juan “Chuy” Hinojosa (D).
“No, sir,” said Sen. Charles Perry (R). “I guess you could theoretically smoke it; you’d get no effect from it, and the bill specifically prohibits manufacturing for the purpose of smoking.”
“Nowadays people can smoke anything,” Hinojosa said.