Following important cannabis news articles every day can be a real burn-out, we know. That’s why the Emerald rolls up a chronicle of the headiest news hits, and passes them to you at the end of each week. We Bring You: The Dime.
Proposal in California Aims to Crack Down on the Illegal Cannabis Market
On Thursday February 11th, 2021 Democrat state Sen. Nancy Skinner announced legislation to ultimately allow cannabis businesses throughout California the ability to more easily obtain their licenses through the state, according to Cannabis Business Times. The publication further reported that Skinner said, “Prop. 64’s good intentions to bring cannabis sales above ground and generate healthy tax revenues are undermined when cannabis businesses can’t get a license. With S.B. 398, California will be able to deliver on Prop. 64’s promise.” The proposal aims to eliminate the illegal market and grow the legal one, boosting tax revenue in return. Supporters of S.B. 398 hope — if passed — it will earn the state a bigger chunk of the multi-billion dollar pie that is the emerging legal cannabis market.
Over 321,00 Full Time Workers Employed By Cannabis Industry
With 2020 forever being marked by the novel coronavirus pandemic — a time of extreme uncertainty — the cannabis industry flourished. According to Leafly’s 2021 Jobs Report, jobs in the licensed cannabis industry reached all-time highs in 2020. More specifically, the job rate increased 32% over the past 12 months. That’s an added 78,00 jobs over the past year alone. The rapid growth shows the initiative people are taking to move away from unethical practices, and into the legal market. Showing unprecedented growth during extreme economic hardship, it’s only the beginning of how far the industry can go.
Wisconsin Governor Aims to Legalize Cannabis in Budget Proposal
Wisconsin’s neighbors — Michigan, Illinois, and Minnesota — have all legalized cannabis to some degree. But now, the Badger State is looking to join them. That is thanks to a budget plan announced on Tuesday February 16th, by Democrat Gov. Tony Evers. If passed, the plan would allow adults 21 and older and patients with certain conditions to possess up to 2 ounces of cannabis, as well as purchase, process, and cultivate cannabis for personal use, according to Marijuana Moment. Additionally, the publication reports that the proposal will also allow, “[…] out-of-state visitors [to] have up to a quarter ounce, and allow people to grow up to six plants for themselves.”