MJBizMag October 2020 - 28

IndustryDevelopments | International & State
Arkansas
Medical marijuana stores in the state have sold 22,350 pounds of MMJ worth
$143 million since sales began in May 2019. According to the Arkansas Medical
Marijuana Commission, the 80,000-plus registered MMJ patients in the state are
collectively spending $600,000 per day. " With 29 dispensaries in operation, this is
an average of $20,689 spent daily at each dispensary, " Scott Hardin, commission
spokesperson, told MJBizDaily.
California
On the final day they could approve bills this year, California lawmakers gave the
go-ahead to a pair of marijuana measures but shelved a potentially major piece of
hemp legislation. The two marijuana measures that won approval were:
* Assembly Bill 1827/Senate Bill 827, which freezes the state's ability to raise
tax rates until July 2021.
* Assembly Bill 1525, which guarantees financial institutions won't face
repercussions from the state for granting services to cannabis companies.
A bill that would have established a host of new hemp industry rules was tabled
after an outcry from both hemp farmers and marijuana industry insiders who
viewed the measure as unfavorable.
Colorado
A cold snap that swept through Colorado in early September drove temperatures
below freezing and dumped inches of snow, potentially destroying millions of dollars
worth of outdoor cannabis just as it had started to reach maturity. Some outdoor
growers used shade cloth, canvas and plastic to protect plants. Meanwhile, wet and
heavy snow snapped uncovered plants at the stalks and broke branches. The crop
damage will likely disrupt the supply of material for THC and CBD extracts across
the state for months.
Florida
The state health department issued long-awaited edibles production rules
18 months after Florida allowed the sale of flower, which roughly doubled sales.
According to the regulations, edibles:
* Must not resemble commercially available candy.
* Must be in geometric shapes (not animal shapes).
* Can include baked goods, chocolates, drink powders, lozenges and gelatins.
28 Marijuana Business Magazine | October 2020

MJBizMag October 2020

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