Marijuana Business Magazine March 2020
March 2020 | mjbizdaily.com 39 Oklahoma The Cherokee Nation in Tahlequah is seeking recommendations from a seven- member committee by May 31 on marijuana and hemp opportunities for the tribe. The group will make recommendations about how the tribe can get involved in growing, processing and selling marijuana and hemp—and what role medical cannabis might play in the nation’s health-services system. Oregon Marijuana growers report that wholesale flower prices in the state are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Growers in the state report per-pound wholesale flower prices are averaging $2,400 for high-quality indoor, $1,400 for mid-quality indoor, $1,000 for low-quality indoor and $800 for outdoor-grown cannabis. Rhode Island Gov. Gina Raimondo is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs. The draft legislation, which is considered a long shot in the Legislature this year, calls for licenses for private contractors, who would acquire MMJ products from licensed growers and processors as well as receive a fee from the state for operating the Rhode Island-owned retail stores. South Dakota Members of the Pine Ridge Indian Reservation will vote March 10 on whether to legalize recreational and medical marijuana on the South Dakota reservation. Oglala Sioux Tribal Councilwoman Nakina Mills of the Pine Ridge District said the referendum is binding.