-//w3c//dtd html 4.01 transitional//en" "http://www.w3.org/tr/html4/loose.dtd">

Cannabis Business Times Newsletter
Cannabis Business Times Newsletter

If you cannot view this email, please click here.

Cannabis Business Times

Two-Time Winner

Motivational Management Inspires Team at The Grove

Motivational Management Inspires Team at The Grove

Nevada’s The Grove makes the Best Cannabis Companies to Work For list for the second year in a row thanks to its efforts to incentivize happiness.

Tricks of the Trade

How Green Leaf Medical’s Philip Goldberg Works: Cannabis Workspace

In this installment, CBT provides an up-close look at the tools and habits behind the Frederick, Md.-based multistate operator.

Consolidation Trends, Anticipations and Indicators

M&A Uptick Expected to Continue in 2021: Q&A with Fox Rothschild Partner Melissa Sanders and Associate Jared Schwass

Law firm’s attorneys share their specialized perspectives on the mergers-and-acquisitions landscape in the cannabis industry, as well as what factors play a role in accelerating consolidations in the rapidly expanding market in the U.S.

Out-of-State Business

The Border-Town Effect: Dispensaries Boom on State Line

A city of 11,000, Ontario grosses $91.7 million in 2020 to take over ‘Highest County’ title in Oregon after local voters overturn ban on cannabis sales.

Lamont Lays Framework for 2022

Connecticut Governor Unveils Adult-Use Legalization Proposal in Budget Request

Gov. Ned Lamont lays out framework for cannabis cultivation, manufacture and sale to begin next year.

The Domino Effect

When low-limit riverboat casinos opened in April 1991 in Iowa, it caught the country’s attention on national television. Six months later, neighboring Illinois opened high-limit riverboat casinos to its residents. Five after that, 25 states had legalized true casinos, in part, as an effort to keep gambling tax dollars from traveling across state lines. 

Now, in 2021, the cannabis industry is experiencing a parallel to that domino effect. As Arizona, Montana, New Jersey and South Dakota voters passed adult-use legalization initiatives in November, they joined the growing market of 11 states that have opened additional revenue streams by taxing cannabis sales. 

The push for adult-use legalization is now taking hold nationwide, as governors, state representatives and citizen coalitions are realizing they don’t want to be left behind in the multi-billion-dollar industry. As Senior Digital Editor Melissa Schiller wrote earlier this month, more than 15 states are already considering cannabis legalization bills this year. 

Earlier this week, Connecticut Gov. Ned Lamont unveiled an adult-use legalization proposal in his budget request, specifically pointing out that dispensaries in neighboring Massachusetts “are advertising extensively here in Connecticut. And rather than surrender this market to out-of-staters, or worse, to the unregulated underground market, our budget provides for the legalization of recreational marijuana.”

And although some states are still fighting legalization efforts, like Idaho, which has $600 million of rainy-day funds stashed away in an emergency account, it's still difficult to ignore what’s happening next door in Ontario, Ore. A city of 11,000, Ontario’s dispensaries are booming on the state line with Idaho, with $91.7 million in cannabis sales from 2020, in large part to their retail operations’ proximity to Boise residents. 

-Tony Lange, Associate Editor

GIE Media, Inc. 5811 Canal Road, Valley View, Ohio 44125

Unsubscribe from this specific email.

Manage Email Preferences