Medical marijuana activists behind a successful MMJ legalization bill in North Dakota last year are threatening to run another ballot measure if state lawmakers stand by proposed regulations that would ban smokable cannabis for most patients.
A bill approved by the state Senate would prohibit smoking MMJ unless “a physician finds no other …
Get ready for the next iteration of the green rush.
The marijuana industry is poised to grow by leaps and bounds in 2018, when at least eight of the 11 states that passed significant medical or recreational cannabis measures last year are expected to start sales.
Medical marijuana companies are finding solace in comments from the White House last week indicating the federal government might crack down on recreational cannabis but leave the $2 billion MMJ industry alone.
“It is good news for medical marijuana,” said Alex Ford of the Grassroots Vermont dispensary.
North Dakota’s new medical marijuana market - made possible by the Nov. 8 election - is expected to be one of the smallest in the nation, with estimated annual dispensary sales eventually reaching $10 million-$20 million.
By John Schroyer, Bart Schaneman and Omar Sacirbey
That’s the easiest way to summarize the legal climate for cannabis entrepreneurs after Donald Trump’s election as president, according to a panel of political experts Wednesday at the Marijuana Business Conference & Expo in Las Vegas.
California’s recreational cannabis industry could eventually generate between $4.5 billion and $5 billion in annual retail sales, making it by far the most attractive market for business opportunities of the states that legalized last week, according to estimates released Wednesday.