Legalization

The country would become the first in Europe to legalize

Unanticipated setbacks include questions surrounding retail sales timeline

Individuals previously convicted of cannabis possession under 2 oz will receive automatic expungement as well

The first sale in the state's history was made at Housing Works Cannabis Co on Thursday

It was first passed by the House of Representatives in July and passed on Wednesday by the Senate

The government recently launched an independent review of the legislation to find areas of improvement

The long-awaited move has several positive implications for the legal cannabis industry

Some drug policy non-profits say the efforts taken by the president were long overdue

A draft of the regulation will be presented in the upcoming months

The report includes key findings to shape future directions for cannabis-related research, policy development and public health education

Country known for high-end automobiles, Oktoberfest and a strong economy may soon join countries who have legalized cannabis

Company undertakes new collaboration with Mission Green to initiate nationwide fundraising campaign

Many distributors are choosing not to test their products for microbes, pesticides and heavy metals

Price is the main reason consumers purchase illegal cannabis, according to a recent report in the Journal of Studies on Alcohol and Drugs

The legal cannabis market is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.80%

New Jersey becomes the 18th U.S. state to legalize recreational cannabis, serving a market projected to reach US$2.4 billion by 2025

A new report by New Frontier Data estimated that U.S. cannabis sales exceeded spirits (US$86 billion) last year, while matching spending on beer

Seven multistate cannabis operators have been approved to start adult-use sales

This is the second time the MORE Act has been passed by the House

Lawmakers note that current therapeutic trials for substance use issues exclude people with a history of substance abuse

The legislation would outlaw infused products like edibles

Multiple pot stocks jumped in response to the news

A law passed in 2015 to get oil to patients, but producers that weren't selected challenged the decision

The industry will be strictly monitored and controlled by government

A similar bill almost became law last June

The sector is expected to bring in up to $800M in revenue once it matures

Though somewhat weakened by recent changes, lawmakers are pushing to get the industry-launching bill across the line

Voters will decide on the initiatives during an election on Nov. 8

In 2020, a medical cannabis bill stalled in the state Senate

The president of the Constitutional Court said the referendum referenced hard drugs and not just pot

Lawmakers across several political parties say they're pushing to pass the long-delayed legislation

A master plan to kick-start the sector was introduced last year, but little progress has been made since

But he also supports continued enforcement without a legal framework yet in place

Extracts and cannabis with THC above 0.2% remain illegal