Do you know who the most influential women are in the cannabis industry? Read through to the bonus section and you will! We've swept through the weeds to uncover the good stuff. Here's our roundup of the week's stories impacting Missouri, Oklahoma and Arkansas that we think are worth your time.
To put the cannabis purchases in perspective, according to WalletHub in 2018 Americans spent $1B on beer, another billion on fireworks and $568M on wine.
While federal law prohibits marijuana users from owning a firearm, states are not legalizing cannabis and then passing legislation that requires marijuana users to forfeit their gun rights.
The research, which analyzed federal data on marijuana use trends among 1.4 million high school students from 1993 to 2017, showed that self-reported past-month youth cannabis use declined by an average of eight percent in states that legalized recreational marijuana.
Most states tax cannabis products based on weight, but one state has recently decided to tax cannabis products based on how much THC they contain. This will have big ramifications for potent concentrates — and other states might follow along.
The government is the only source of pot for nearly all research in the U.S., while it still considers it illegal and dangerous.
When You Don't Know What You Don't Know: Debunking Cannabis Insurance Myths - Cannabis Industry Journal
Reviewing the existing insurance policies of today's cannabis businesses uncovers some serious gaps in coverage that could be financially crippling if not downright dangerous should a claim be triggered.
CBD May Take Up the Majority of Cannabis Industry Sales if Current Trends Continue - Green Market Report
Average item price (AIP) and the number of products people are adding to their basket in the CBD category (basket penetration) are rising concurrently.
"With not having an education about what's going on, you run a lot of risks and can end up in jail," McMahan said. "There's still a lot of regulations you have to follow, and if you don't follow those regulations, you can end up in a lot of trouble."
Driver Impairment Awareness Day tests marijuana users, drinkers and texters with Muskogee law enforcement - Tulsa World
In Oklahoma, it's legal for licensed medical marijuana patients to drive with cannabis in the car, but it's illegal to drive while impaired by THC. However, marijuana intoxication isn't easy to measure like alcohol.
SOONER JUSTICE – The Will Foster Story: From a 93-year Prison Sentence to Growing Norma's Dream - Ounce Magazine
Not only have Oklahomans shown the rest of the country what is possible when grassroots activists work in the same direction towards a common goal, they are now pushing for sweeping changes in the state's criminal justice system.
"We're like a small factory, bringing 100 jobs to town," said Patrick Cale, a principle partner and state license holder. "And that, to me, is one of the biggest wins for Muskogee."
The list of pre-applicants is now public, as a result of Sunshine Law case brought by the St. Louis Post-Dispatch. Of the Boone County proposals, 31 want to operate in Columbia, with 22 dispensaries, six cultivators and three manufacturers.There are also a pre-filed applications for a Centralia dispensary, a Hallsville dispensary and a cultivator in Rocheport.
Among the more prolific applicants is Sarcoxie Nursery, which is run by retired Joplin-area cardiologist Paul Callicoat. He wants to open several locations across the state.
The Missouri Cannabis Industry Association estimates that Missouri's medical cannabis market could exceed Colorado's, which in 2017 was worth $440 million.
Under state regulations, Jackson County will have 24 cannabis dispensaries. The local regulations also would apply to cultivation and manufacture of marijuana.
The sales are higher than Ohio's first two months, which, according to the Ohio Medical Marijuana Control Program, were just shy of $2 million. Ohio has a significantly larger population than Arkansas.
"Other states have seen better, safer outcomes by removing the black market elements created by the illegal sale of cannabis," said Melissa Fults, the group's executive director, in a statement. "The truth is that cannabis is safer than alcohol while prohibition is ineffective and racially biased. It has done far more harm in our community than cannabis."
Fiddler's Green will be the second dispensary opened in Zone 2 in north Arkansas. The Arkansas Medical Marijuana Commission divided the state into eight zones with four dispensaries per zone.
The cannabis space wouldn't be what it is today without a number of female trailblazers paving the way in all sectors of the industry, from activism to politics to entrepreneurship.
Your lack of experience specifically in the cannabis industry is likely not nearly the obstacle you fear it may be.