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What are financial source agreements in New Jersey Cannabis?
Financial source agreements under the New Jersey cannabis law are contracts that contain protective clauses and terms by regulatory rule to protect priority applicants from being manipulated or taken advantage of by wealthier investors that may be trying to exploit their priority status. Priority applicants are given a lot of protections and preferences under the New Jersey cannabis legalization law. Many applicants that win licenses will be priority applicants, and the financial source agreements that they use will protect them so they can keep the generational wealth and not have it
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After the passing of new cannabis laws in New Mexico, there was much confusion circulating. Hence, people are confused about the type of license that they would require. Water rights are harder to obtain. New business owners have to figure out the type and cost of their operation. Among all the confusion, applicants wonder whether New Mexico’s state laws would open a vertically integrated cannabis business.
Vertically integrated cannabis business – what is it?
Some of our readers might not be familiar with the term vertically integrated cannabis business. In states like Oklahoma, you have to be very thorough about
Continue Reading Can you have a vertically integrated cannabis business in New Mexico?

For the last 11 years, cannabis has been legalized for medical use in New Mexico. Activists were trying to get cannabis legalized for all kinds of uses and business as well. In April 2021, the state passed new cannabis laws in the state of New Mexico.
The new laws allow the use of cannabis for recreational purposes. Citizens can also grow marijuana for personal use in their homes. If citizens want to start a business of cannabis production, they need to get a license in New Mexico.
The license system is still improving as the authorities proceed about it.

Continue Reading New Cannabis Laws: Business Licenses in New Mexico

Financial Planning For a Cannabis Dispensary
Are you thinking of putting together a business plan for your dispensary? Then it is definitely a worthwhile endeavor. If you follow our expert advice, you will truly own a successful cannabis venture. 
In this article, we help you understand the dispensary business, potential competition in the current market scenario, and your end customers. We will assist you in developing an exhaustive “financial model and dispensary plan and will really mentor you in understanding what it takes to launch and grow solid and profit-making cannabis and marijuana dispensary.
 The dispensary financial plan is the
Continue Reading How a Dispensary Financial Model Can Help Grow Your Cannabis Business

How to open a dispensary? 7 Steps to success in the cannabis industry
Few industries are experiencing such staggering growth as the cannabis industry, as the number of states providing some form of legalized cannabis continues to grow across the country, with 18 states, including Washington DC, legalizing recreational cannabis and an additional 37 states allowing medical cannabis. In 2020, legal cannabis sales in the United States increased 46 percent, exceeding the previous year’s record of $17.5 billion.
This year alone it is estimated that cannabis sales will near $31 billion, and by 2026, some firms estimate that sales will
Continue Reading How to open a dispensary? 7 steps to success

Ohio Cannabis Cultivator License
The state of Ohio legalized medical cannabis in 2016 through House Bill 523, which established a legal way for eligible patients in the state to acquire and use medicinal cannabis as a form of therapy for their condition. Medicinal cannabis is available through state-licensed companies that are permitted to cultivate, manufacture, and sell medical cannabis.
Medical marijuana producers are licensed and regulated by the Ohio Department of Commerce. Level I cultivators are allowed to start with a marijuana growing space of up to 25,000 square feet. Level II cultivators are authorized to run a 3,000-square-foot first
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How to get an Ohio marijuana license
In late August, state officials authorized the circulation of a petition that, if approved by Ohio voters in November 2022, would legalize, regulate, and tax adult-use cannabis. The Coalition to Regulate Marijuana Like Alcohol campaign has been granted permission to collect the necessary 133,000 voter signatures before the next parliamentary term begins next year. If lawmakers reject the proposal, the campaign will need to collect another 133,000 signatures to qualify the initiative for the ballot.
According to the proposal, individuals would be allowed to possess and purchase up to 2.5 ounces of cannabis,
Continue Reading How to get an Ohio marijuana license

Almost six months after legalizing recreational marijuana use, New Jersey is one step closer to legal sales in the state. The New Jersey Cannabis Regulatory Committee (CRC) regulations were released on Thursday by state officials, outlining the future of the cannabis industry.
We don’t know when legal cannabis sales will begin in New Jersey, but officials have revealed how much it will cost to get started.
Here is a quick overview of what the Initial Rules of the CRC established:
Social equity
The new regulations designate three categories of cannabis companies that will be given priority assessment and approval during
Continue Reading New Jersey Initial Rules for the Adult-use Cannabis Market

Several Wisconsin leaders announced a bill to fully legalize marijuana in the state last week. The bill would make recreational use of cannabis legal for adults, and would tax the sales of cannabis in a similar way to how alcohol is taxed in the state. The bill would also allow people to grow cannabis plants at home.
Madison senator Melissa Agard says legalization could bring the state $165 million a year or more in tax revenue. She also claimed that, according to a poll in 2019, 59% of people in Wisconsin supports the legalization of cannabis.
With fierce opposition from
Continue Reading Wisconsin Marijuana Legalization Bill 
Provided by: Kaitlin Justice
After the legalization of cannabis in the US in 2018, many cannabis-related products have engulfed the market. Recently, with more research and development, a variety of marijuana strains are available in the market meant for varying purposes.
Strains are known as varieties of marijuana plants with characteristics that don’t necessarily fit into one of the three common types. To single out the perfect product, one must first know what kinds of marijuana are available and what they do.
What is the definition of Marijuana Strains?
When you hear the word marijuana, the types that come
Continue Reading The Complete Guide to Marijuana Strains

If you are going to fly and plan to take weed with you, you should be aware of the regulations that could apply to you. The first and most important question you should ask yourself is: can you bring weed on a plane?
The Transportation Security Administration (TSA) is the organization in charge of the security of the traveling public in the United States.
They are the ones that run the security checkpoint where your carry-on luggage is screened – they also check luggage behind the scenes.
However, it would be inaccurate to say that the TSA is part of
Continue Reading Can You Bring Weed On A Plane?

Connecticut has become the 19th state to legalize adult-use cannabis, on June 22, 2021, when Governor Ned Lamont signed SB 1202 into law. Aside from the creation of the adult-use program, the bill changed the preexisting medical-marijuana program.
The law went into effect on July 1, 2021.
General information of the bill
The Connecticut Department of Consumer Protection (DCP) is in charge of overseeing the program, as well as the soon to-be created Social Equity Council.
The DCP will be in charge of licensing and regulating cannabis businesses, while the Social Equity Council will create criteria for social equity applications, making recommendations to
Continue Reading Connecticut Adult-Use Cannabis

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In 2020, Gallup found that a record-breaking 68% of Americans support the legalization of marijuana—an impressive increase from just 12% in 1969 when this polling agency first started to ask the question.
In recent years, two countries—Canada and Uruguay—as well as 17 states in the US have legalized adult use of the substance. Even more countries, states, and territories have created the legal framework for its medicinal use. Once almost a taboo topic, marijuana has long found its way into the mainstream.
The opposition is also strong. Opponents don’t like the idea of willingly introducing into our
Continue Reading The Future of Legal Cannabis and the Challenges It Faces
Provided by: Kaitlin Justice
A survey in 2019 showed that over 70% of Americans favor the legalization of marijuana. Over the years, more and more research has highlighted the medicinal and therapeutic benefits of cannabis. As a result, millions of people worldwide rely on hemp extracts to treat various ailments and issues. The cannabis industry has become a stalwart of the healthcare and wellness verticals. More and more people are switching to such alternate medicines, thanks to the potent properties of marijuana. Cannabis works as a natural remedy for several ailments, ranging from anxiety and insomnia to muscle pain
Continue Reading The Arguments on Legalization of Marijuana

On what could be a good step towards federal cannabis legalization, Chuck Schumer – Senator of New York – proposed a bill to decriminalize marijuana at a federal level on July 14, 2021.
The draft bill is called the Cannabis Administration and Opportunity Act, and the main point of the act is that it would remove marijuana from the Controlled Substances Act, creating a program to regulate and tax it.
However, under the Cannabis Administration and Opportunity Act, the states would maintain the possibility to set their own marijuana laws.
Here is the relevant information about the Cannabis Administration
Continue Reading Cannabis Administration and Opportunity Act – Federal Legalization Bill

Supreme Court Justice Criticizes Federal Marijuana Prohibition

On Monday, June 28th, 2021, a surprising proponent to end the federal prohibition of marijuana emerged in the US Supreme Court. 
After the Court denied a review of a Colorado case which dealt with a medical marijuana dispensary and a challenge to a public policy provision in the Tax Code, Associate Justice Thomas, wrote a statement acknowledging that, because of an acceptance of state-level cannabis legalization, “a prohibition on intrastate use or cultivation of marijuana may no longer be necessary or proper to support the Federal Government’s piecemeal approach.”
He further asserted that
Continue Reading Supreme Court Justice Criticizes Federal Marijuana Prohibition