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Many catalysts are imminent to have MJ/HEMP stocks run huge.
Farm bill
Canada legal 17th oct.
Mid term 16 states have MJ/Hemp on ballot. HMPQ is on track for the big run coming this fall. Don't be caught chasing later. HMPQ ROCKET TIME 0.10+ EOS
They'll pull this before, you don't even know the past tense form the future tense. hahahahah. HMPQ ROCKET TIME
It will run but the CE is holding it back right now. Lawyers are working diligently on it's removal and it will be gone soon enough. Then we fly to new highs. Al machinery is set up and ready to produce CBD oil and product is in house. They have to finish the sprinkler system to complete building occupancy permit and that will be installed by beginning of august. Great buying opportunity at these prices. Buy now or you will be chasing later HMPQ ROCKET TIME 0.10+ by EOS
PS HEMP is down almost 6% today and we are up almost 10%
Fall run approaching fast, soon the summer doldrums will be over. Manny catalyst ahead HMPQ along with the whole sector will rise to new highs. Vacation times almost over, investors will buying up MJ/Hemp stocks, the next four or five months will start the Big Green Rush. Watch very carefully as you see the Volume rise so will the PPS. The bottom is in now it's a great buying opportunity, don't get caught chasing later. Best of luck to all investors. It's going to be a very Merry Christmas. HMPQ ROCKET TIME Soon
Denver Cannabis Sales Totaled $587 Million in 2017, and This Is Just the Beginning
By Money Morning Staff Reports, Money Morning • August 16, 2018
Denver cannabis sales totaled $587 million in 2017, and the city saw $44 million in tax revenue. That was a 20% increase in revenue for the city from the previous year.
Of course, we aren't surprised…
Denver Cannabis SalesBy 2021, legal cannabis sales in North America are expected to reach a staggering $24.5 billion, according to Arcview Market Research.
This is just the beginning of what many are calling the new "gold rush." MJTK ROCKET TIME
Good one Dig! I have quite a few shares but thinking about picking up more next week. It's going to be a very Merry Christmas.
The run is coming soon, by the end of September these low prices will no longer exist. CE will be removed by special lawyers in the field, working on it as we speak. Summertime has always been negative for all MJ/Hemp stocks. Soon the fall will be here and the whole sector will rise exponentially. Mid term elections are a positive factor also. Trolls can put up all the numbers they want to, it means nothing in the OTC. Volume and PPS will rise when revenue starts pouring in on or before the end of September. Sal has purchased all the necessary machinery and hemp for production of CBD oil. Only one more thing has to clear, the sprinkler system, and that will be fully installed by the end of August beginning of September. HMPQ ROCKET TIME EOS 0.10 GLTAL
Once the news PR hits the wires MJTK will explode to new highs. MJTK ROCKET TIME
The run is coming soon, by the end of September these low prices will no longer exist. CE will be removed by special lawyers in the field, working on it as we speak. Summertime has always been negative for all MJ/Hemp stocks. Soon the fall will be here and the whole sector will rise exponentially. Mid term elections are a positive factor also. Trolls can put up all the numbers they want to, it means nothing in the OTC. Volume and PPS will rise when revenue starts pouring in on or before the end of September. Sal has purchased all the necessary machinery and hemp for production of CBD oil. Only one more thing has to clear, the sprinkler system, and that will be fully installed by the end of August beginning of September. HMPQ ROCKET TIME EOS 0.10 GLTAL
Lot's of red out there today and most of the summer for the MJ sector. Soon the doldrums will be over, the fall will bring rising tides and PPS to the entire sector. No matter what you hear HMPQ is ready for the fall run, like many other sector stocks. September thru December is traditionally the best time of the year for MJ/hemp tickers. There are many catalyst only weeks away that will move us to explosive gains. Mid term elections are one of them plus more and more states legalizing the growing and use of hemp/MJ. Do your own DD and don't be swayed by the Nay Sayers. If you decide to invest in HMPQ now is the time, these prices won't last much longer but one way or another you should be invested in the Hemp/MJ sector before the fall run. Good luck to all sector investors. "It's going to be a very Merry Christmas"
HMPQ ROCKET TIME 0.10+ EOS
First of all I will put up my intellect against yours any day of the week (IQ 150). Second you can steal shares from people by giving them bad advise ( as you do) so you and or your bosses can grab them up at cheap PPS. I can't wait for the fall, so we won't have to be exposed to your BS any longer. HMPQ ROCKET TIME SOON 0.10 EOS
BS no RS coming.... MJTK ROCKET TIME
Those 12 Billion mean nothing on the OTC, a run is coming soon. MJTK ROCKET TIME
MJTK right on track and in the right model....Deals is what it's all about. MJTK ROCKET TIME This Fall
Marijuana Prohibition is Ending & Opportunity is Beginning
By J. Phillip -
Jul 16, 2018
A Unique Opportunity
In the United States from 1920 – 1933 was known as the Prohibition era. Prohibition in the United States was a nationwide constitutional ban on the production, importation, transportation, and sale of alcoholic beverages.
In 1933 when Prohibition ended in the USA, it was a time of incredible opportunity. What was once illegal and done in the shadows was now 100% legal and brought to the light. Business flourished, wealth was made, and a new industry arose!
Does this remind you of another industry? Think about the Marijuana / Cannabis industry, the Prohibition that has been in place for decades and how those walls of Prohibition are falling not just in the United States but globally.
It seems inevitable that we are destined to see the fall of Marijuana Prohibition within the United States and soon. Medical Marijuana is now legal in 30 out of 50 states & recreationally legal in 9 out of those 30 Unites States of America. Marijuana and the rise of the legal Cannabis industry appears to be taking over with very little in its way. Below is a map where you can see what is happening in the United States.
Power To The Consumer
In every industry, there exists ways and means for consumers to receive the very best deals possible. The easiest and perhaps most relevant example of this is within the travel industry. Ask yourself when you need to book a plane ticket, hotel, rental car etc. do you go to the airlines, hotel, and car rental companies’ websites individually? Alternatively, do you visit a site like priceline.com to bundle your travel together in a discounted and easy to use platform that saves you time and money? If you are like most people, chances are you opt for sites like priceline.com.
Priceline.com was founded in 1997 and went public in 1999 at $16 per share. The site is now owned and run by Booking Holdings Inc. (NASDAQ: BKNG) which currently trades for over $2,000 per share!
Priceline.com helped to change the entire travel industry for the better-utilizing technology and giving power, convenience, and massive savings back to the consumer.
This type of industry shift does not happen often, but when it does it’s an opportunity that some would say you must seize and hold on to with both hands as it is often Once in a Lifetime!
The Opportunity in Front of You, Right Now
Innovation does not mean having to reinvent the wheel but instead taking the same concepts and adapting them to fit any environment.
Start up's take time to get going, sorry if you bought in at the wrong time (High) but this fall all will come together, hang in there. HMPQ ROCKET TIME 0.10 EOS
Agree 100% MJTK ROCKET TIME Coming Soon
Summer doldrums will be over by early September, 2018 mid term elections in November, Legalization near (already legal in many states more to follow). All major catalyst for MJTK and the whole MJ sector. It's going to be a very Merry Christmas. MJTK ROCKET TIME
Summer doldrums will be over by early September, 2018 mid turn elections coming and the CE will be removed. All major catalyst for HMPQ. It's going to be a very Merry Christmas for holders of this stock. HMPQ ROCKET TIME EOS 0.10
I have millions of shares at different asks. MJTK ROCKET TIME
Don't feel bad for me I'm going to be laughing all the way to the bank as soon as the CE is lifted and it will be soon. So sick of your 24/7 nonsense. Everyone knows why your here Troll, just wasting your time. Tell your bosses I said hello! LOL HMPQ ROCKET TIME
Trolls like this are all over the OTC saying the same BS about every MJ ticker out there. I know I have more then a few and on every board theses guys are there 24/7 they have one common mission bash and lower the PPS so they or there bosses can buy at the lowest price. This company is a zip code changer
I'm in for the long run and I know It' a big money maker. Mid term elections are around the corner this alone will boost the whole MJ industry it always does. Do your DD and get in now while the PPS is still low or chase later. MJTK ROCKET TIME SOON
There will be plenty of money rolling in very soon, stop with all your BS. All start companies have delays. We are near the point now of total compliance and production by early fall.
Now is the time to buy shares, in less then two months the PPS will be 10 times what is now. If you listen to the trolls you will miss a great opportunity. HMPQ ROCKET TIME Soon
This bodes well for MJTK
Chart: Wholesale marijuana prices on the upswing in Nevada amid growing demand
Published July 30, 2018 | By Eli McVey
Defying trends in other recreational markets across the United States, wholesale cannabis prices in Nevada continue to rise a year after adult-use sales began.
Looking ahead, there are few signs prices will fall anytime soon.
By contrast, wholesale cannabis prices in other states have been declining for years.
The fair market value per pound of wholesale flower – a metric used by the Nevada Department of Taxation to levy taxes on the state’s marijuana growers – has jumped more than $650 from July 2017 to July 2018, a 30% increase.
The wholesale price per pound of trim has climbed 26% over the same period.
Demand for recreational marijuana in Nevada has been stronger than many industry experts initially anticipated and has continued to grow.
Adult-use sales in Nevada totaled nearly $189 million through the first five months of 2018, an average of $37.8 million per month. That’s up 16% from average monthly rec sales of $32.6 million in 2017. Rec sales began July 1, 2017.
Alex Taracki, CEO of Even Cannabis Company, a Las Vegas-based infused product manufacturer, believes rising wholesale prices are driven by factors other than high demand, namely:
Overzealous cannabis testing standards that have curbed supplies at the retail level.
Cultivation facilities that are unequipped to handle heat and humidity.
“It’s not necessarily a dearth of supply, it’s rigorous testing standards keeping prices high,” he said. “Nevada’s the only legal state that’s testing microbials in parts per billion, not million.
“A lot of cultivators have issues with humidity in their grows, cutting corners on the humidifying and air conditioning, especially this time of the year when the temperature is 120 degrees.
“So, the problem here is that around 40% of crop fails tests for microbials, then it’s very, very hard to be able to meet the demand for quality cannabis.”
Marijuana that doesn’t pass testing can be sold at a lower price to processors, whose extraction procedures remove microbials and impurities.
But with high testing failure rates, cultivators are forced to charge retailers extra for marijuana that meets the stringent criteria.
Looking forward, Taracki foresees prices staying where they are for at least another year if testing standards remain unchanged.
MJTK ROCKET TIME SOON
I'm on the right board SNOWFLAKE! Will end green today also as last it did two days. HMPQ ROCKET TIME 0.10 EOS
Green 3 days in a row, investors are starting to become aware of this gem. HMPQ ROCKET TIME 0.10 By EOS
I have suggestion too only you would probably enjoy it! HMPQ ROCKET TIME 0.10 BY EOS
You crack me up. there are thousands of scam E-mails out there in every aspect of the internet. I'm surprised you even posted that, ridiculous. HMPQ Rocket Time by EOS 0.10
They didn't stop the filling, these guys just make things up as they spin, spin, spin. MJTK Rocket Time
Hemp is a weed by mid September it will be 10 feet high. By the way you just proved HMPQ is legit and owns agricultural property with plants growing. Harvest time will be mid to end of September or sooner. We all know machinery and facility will be ready for processing CBD oil in the same time frame, most of it is ready right now. The fall along with mid term elections will be great for us. HMPQ ROCKET TIME SOON
I sure you will give it your spin version LOL HMPQ ROCKET TIME
NEWS Coming!!! MJTK Rocket Time
Only reason people aren't scrambling is because of the phony CE. Once revenue starts to come in September none of that will matter and the PPS will rise accordingly. CIAO Snowflake! HMPQ Rocket Time Soon
No RS, the news that's coming will shut you guys up forever! MJTK ROCKET TIME $$$$$
BS as usual, we will be in full production mode by EOS. Now is the time to invest in HMPQ while the shares are still cheap or you will be chasing it later and not to much later. HMPQ Rocket Time 0.10 Early Fall
You keep repeating the same BS over and over, come up with some new lies at least SuckKing. KJTK Rocket Time Soon
Good read many states jumping on the MJ bandwagon. Don't let the trolls keep you from big profits! HMPQ ROCKET TIME Soon 0.10 EOS
State marijuana reforms could spark tens of millions of dollars in business opportunities
Published July 24, 2018 | By Jeff Smith
Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets.
The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, cultivators and ancillary businesses in those states.
Oklahoma is among the wild cards, however, given that voters recently approved an open-market medical marijuana program that ultimately could generate $100 million-$150 million in annual sales.
Emergency rules will meet the initiative’s requirement to get the program off the ground, but lawmakers are expected to pass legislation next year to implement permanent regulations. State regulators and Gov. Mary Fallin recently took steps to curb the program before backing off in the face of widespread opposition.
Illinois also is an open question. Lawmakers approved a bill to establish a pilot program that would authorize individuals to use medical marijuana as an alternative to opioids, potentially opening a major new customer pool for MMJ sales.
But it’s unclear whether Republican Gov. Bruce Rauner, who has been reluctant to embrace MMJ expansion in the past, will sign the legislation.
Below is a wrap-up of some of some of the most noteworthy state developments, taking into account actions by legislatures and administrations so far this year (the list doesn’t include Oklahoma’s MMJ voter initiative or developments in California). Sales projections are from the Marijuana Business Factbook 2018.
1. Florida: Adding medical marijuana licenses.
Details: The state announced it is adding four vertically integrated licenses. Florida also granted a license to a business that won a decision challenging the scoring process. The two developments will expand the number of MMJ licenses from 13 to 18.
Business opportunities: The state is expecting a deluge of applications for the new licenses, made lucrative by the rapid growth of the patient base. But some experts expect the new licenses to be issued through litigation. Overall, Florida’s MMJ market is expected to reach $175 million-$235 million in sales this year.
What’s next: A potentially big development could be the sale of smokable marijuana, which is currently banned by the state. A county circuit court judge ruled that it was unconstitutional to ban smokable cannabis, but the legal process is continuing.
2. Louisiana: Expanded MMJ qualifying conditions.
Details: A new law added chronic pain, post-traumatic stress disorder and autism as qualifying conditions for MMJ.
Business opportunities: Experts say expanding qualifying conditions should make the market more viable, although concerns remain over physician interest and a current limit of nine dispensaries statewide.
What’s next: The program is expected to launch late this year.
3. Maine: Overrode a governor veto to implement an adult-use marijuana industry.
Details: Marijuana businesses can operate only in municipalities that have enacted an ordinance allowing such activity.
Business opportunities: Rec MJ, when it comes online in 2019, should provide a welcome boost to a market that has seen MMJ sales decline.
What’s next: The rec MJ industry is expected to launch in late 2019.
Separately, Maine enacted MMJ reform legislation that will increase the number of dispensaries, allow doctors to recommend medical marijuana for any condition and allow caregivers to open storefronts. These reforms are expected to boost sales, but it’s unclear what will happen after the rec MJ market launches.
4. Michigan: Expanded MMJ qualifying conditions.
Details: Regulators added 11 qualifying conditions, including arthritis and a more relaxed definition of chronic pain.
Business opportunities: Chronic pain already accounts for more than 90% of Michigan’s MMJ patients, so the expansion may not have a large impact on a market already projected to generate $325 million-$425 million in sales this year.
What’s next: Voters will decide in November whether to legalize recreational marijuana. A recent poll points to a close vote.
5. New Jersey: Expanded MMJ qualifying conditions, plans to double the number of licenses.
Details: New Gov. Phil Murphy added qualifying conditions to the MMJ program, including chronic pain. His administration also announced plans to double the number of vertically integrated licenses from six to 12.
Business opportunities: Sales are projected to increase about 50% from an estimated $20 million-$25 million in 2017 to $30 million-$35 million.
What’s next: Legislation to legalize recreational marijuana stalled amid a budget crisis but has a good opportunity of passing later this year.
6. New York: Approved MMJ as an alternative to opioids.
Details: The state announced the emergency rule in July, effective immediately.
Business opportunities: The move is expected to boost sales in the restricted market. Before the announcement, sales were projected to reach $50 million-$70 million this year, up from an estimated $20 million-$40 million in 2017.
What’s next: A state-commissioned study is calling for legalization of recreational marijuana.
7. Pennsylvania: Expanded medical marijuana uses and patient conditions.
Details: Smokable flower is being permitted, as well as allowing medical marijuana to be used for patients suffering from opiate addiction. The definition of pain also was relaxed.
Business opportunities: These additions should buoy an MMJ market projected to reach $50 million-$80 million in 2018.
What’s next: The MMJ market has had a slow rollout, but sales are expected to accelerate.
8. Vermont: Legalized home cultivation and possession of marijuana, becoming the first state to make adult-use MJ legal through the state legislative process.
Details: Adults are allowed to possess up to an ounce of marijuana and cultivate up to two mature and four immature plants.
Business opportunities: For the time being, opportunities are limited to home-grow supplies and consulting services. The in-state market is estimated at 70,000-80,000 users.
What’s next: The state established a commission to make recommendations regarding a taxation and regulation system for full-fledged marijuana cultivation and sales. That could result in legislation in 2019.
Jeff Smith can be reached at jeffs@mjbizdaily.com
Sorry MJTK Rocket Time!
Good read many states jumping on the MJ bandwagon. Don't let the trolls keep you from big profits! HMPQ ROCKET TIME Soon 0.10 EOS
State marijuana reforms could spark tens of millions of dollars in business opportunities
Published July 24, 2018 | By Jeff Smith
Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets.
The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, cultivators and ancillary businesses in those states.
Oklahoma is among the wild cards, however, given that voters recently approved an open-market medical marijuana program that ultimately could generate $100 million-$150 million in annual sales.
Emergency rules will meet the initiative’s requirement to get the program off the ground, but lawmakers are expected to pass legislation next year to implement permanent regulations. State regulators and Gov. Mary Fallin recently took steps to curb the program before backing off in the face of widespread opposition.
Illinois also is an open question. Lawmakers approved a bill to establish a pilot program that would authorize individuals to use medical marijuana as an alternative to opioids, potentially opening a major new customer pool for MMJ sales.
But it’s unclear whether Republican Gov. Bruce Rauner, who has been reluctant to embrace MMJ expansion in the past, will sign the legislation.
Below is a wrap-up of some of some of the most noteworthy state developments, taking into account actions by legislatures and administrations so far this year (the list doesn’t include Oklahoma’s MMJ voter initiative or developments in California). Sales projections are from the Marijuana Business Factbook 2018.
1. Florida: Adding medical marijuana licenses.
Details: The state announced it is adding four vertically integrated licenses. Florida also granted a license to a business that won a decision challenging the scoring process. The two developments will expand the number of MMJ licenses from 13 to 18.
Business opportunities: The state is expecting a deluge of applications for the new licenses, made lucrative by the rapid growth of the patient base. But some experts expect the new licenses to be issued through litigation. Overall, Florida’s MMJ market is expected to reach $175 million-$235 million in sales this year.
What’s next: A potentially big development could be the sale of smokable marijuana, which is currently banned by the state. A county circuit court judge ruled that it was unconstitutional to ban smokable cannabis, but the legal process is continuing.
2. Louisiana: Expanded MMJ qualifying conditions.
Details: A new law added chronic pain, post-traumatic stress disorder and autism as qualifying conditions for MMJ.
Business opportunities: Experts say expanding qualifying conditions should make the market more viable, although concerns remain over physician interest and a current limit of nine dispensaries statewide.
What’s next: The program is expected to launch late this year.
3. Maine: Overrode a governor veto to implement an adult-use marijuana industry.
Details: Marijuana businesses can operate only in municipalities that have enacted an ordinance allowing such activity.
Business opportunities: Rec MJ, when it comes online in 2019, should provide a welcome boost to a market that has seen MMJ sales decline.
What’s next: The rec MJ industry is expected to launch in late 2019.
Separately, Maine enacted MMJ reform legislation that will increase the number of dispensaries, allow doctors to recommend medical marijuana for any condition and allow caregivers to open storefronts. These reforms are expected to boost sales, but it’s unclear what will happen after the rec MJ market launches.
4. Michigan: Expanded MMJ qualifying conditions.
Details: Regulators added 11 qualifying conditions, including arthritis and a more relaxed definition of chronic pain.
Business opportunities: Chronic pain already accounts for more than 90% of Michigan’s MMJ patients, so the expansion may not have a large impact on a market already projected to generate $325 million-$425 million in sales this year.
What’s next: Voters will decide in November whether to legalize recreational marijuana. A recent poll points to a close vote.
5. New Jersey: Expanded MMJ qualifying conditions, plans to double the number of licenses.
Details: New Gov. Phil Murphy added qualifying conditions to the MMJ program, including chronic pain. His administration also announced plans to double the number of vertically integrated licenses from six to 12.
Business opportunities: Sales are projected to increase about 50% from an estimated $20 million-$25 million in 2017 to $30 million-$35 million.
What’s next: Legislation to legalize recreational marijuana stalled amid a budget crisis but has a good opportunity of passing later this year.
6. New York: Approved MMJ as an alternative to opioids.
Details: The state announced the emergency rule in July, effective immediately.
Business opportunities: The move is expected to boost sales in the restricted market. Before the announcement, sales were projected to reach $50 million-$70 million this year, up from an estimated $20 million-$40 million in 2017.
What’s next: A state-commissioned study is calling for legalization of recreational marijuana.
7. Pennsylvania: Expanded medical marijuana uses and patient conditions.
Details: Smokable flower is being permitted, as well as allowing medical marijuana to be used for patients suffering from opiate addiction. The definition of pain also was relaxed.
Business opportunities: These additions should buoy an MMJ market projected to reach $50 million-$80 million in 2018.
What’s next: The MMJ market has had a slow rollout, but sales are expected to accelerate.
8. Vermont: Legalized home cultivation and possession of marijuana, becoming the first state to make adult-use MJ legal through the state legislative process.
Details: Adults are allowed to possess up to an ounce of marijuana and cultivate up to two mature and four immature plants.
Business opportunities: For the time being, opportunities are limited to home-grow supplies and consulting services. The in-state market is estimated at 70,000-80,000 users.
What’s next: The state established a commission to make recommendations regarding a taxation and regulation system for full-fledged marijuana cultivation and sales. That could result in legislation in 2019.
Jeff Smith can be reached at jeffs@mjbizdaily.com
Good read many states jumping on the MJ bandwagon. Don't let the trolls keep you from big profits! HMPQ ROCKET TIME Soon 0.10 EOS
State marijuana reforms could spark tens of millions of dollars in business opportunities
Published July 24, 2018 | By Jeff Smith
Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets.
The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, cultivators and ancillary businesses in those states.
Oklahoma is among the wild cards, however, given that voters recently approved an open-market medical marijuana program that ultimately could generate $100 million-$150 million in annual sales.
Emergency rules will meet the initiative’s requirement to get the program off the ground, but lawmakers are expected to pass legislation next year to implement permanent regulations. State regulators and Gov. Mary Fallin recently took steps to curb the program before backing off in the face of widespread opposition.
Illinois also is an open question. Lawmakers approved a bill to establish a pilot program that would authorize individuals to use medical marijuana as an alternative to opioids, potentially opening a major new customer pool for MMJ sales.
But it’s unclear whether Republican Gov. Bruce Rauner, who has been reluctant to embrace MMJ expansion in the past, will sign the legislation.
Below is a wrap-up of some of some of the most noteworthy state developments, taking into account actions by legislatures and administrations so far this year (the list doesn’t include Oklahoma’s MMJ voter initiative or developments in California). Sales projections are from the Marijuana Business Factbook 2018.
1. Florida: Adding medical marijuana licenses.
Details: The state announced it is adding four vertically integrated licenses. Florida also granted a license to a business that won a decision challenging the scoring process. The two developments will expand the number of MMJ licenses from 13 to 18.
Business opportunities: The state is expecting a deluge of applications for the new licenses, made lucrative by the rapid growth of the patient base. But some experts expect the new licenses to be issued through litigation. Overall, Florida’s MMJ market is expected to reach $175 million-$235 million in sales this year.
What’s next: A potentially big development could be the sale of smokable marijuana, which is currently banned by the state. A county circuit court judge ruled that it was unconstitutional to ban smokable cannabis, but the legal process is continuing.
2. Louisiana: Expanded MMJ qualifying conditions.
Details: A new law added chronic pain, post-traumatic stress disorder and autism as qualifying conditions for MMJ.
Business opportunities: Experts say expanding qualifying conditions should make the market more viable, although concerns remain over physician interest and a current limit of nine dispensaries statewide.
What’s next: The program is expected to launch late this year.
3. Maine: Overrode a governor veto to implement an adult-use marijuana industry.
Details: Marijuana businesses can operate only in municipalities that have enacted an ordinance allowing such activity.
Business opportunities: Rec MJ, when it comes online in 2019, should provide a welcome boost to a market that has seen MMJ sales decline.
What’s next: The rec MJ industry is expected to launch in late 2019.
Separately, Maine enacted MMJ reform legislation that will increase the number of dispensaries, allow doctors to recommend medical marijuana for any condition and allow caregivers to open storefronts. These reforms are expected to boost sales, but it’s unclear what will happen after the rec MJ market launches.
4. Michigan: Expanded MMJ qualifying conditions.
Details: Regulators added 11 qualifying conditions, including arthritis and a more relaxed definition of chronic pain.
Business opportunities: Chronic pain already accounts for more than 90% of Michigan’s MMJ patients, so the expansion may not have a large impact on a market already projected to generate $325 million-$425 million in sales this year.
What’s next: Voters will decide in November whether to legalize recreational marijuana. A recent poll points to a close vote.
5. New Jersey: Expanded MMJ qualifying conditions, plans to double the number of licenses.
Details: New Gov. Phil Murphy added qualifying conditions to the MMJ program, including chronic pain. His administration also announced plans to double the number of vertically integrated licenses from six to 12.
Business opportunities: Sales are projected to increase about 50% from an estimated $20 million-$25 million in 2017 to $30 million-$35 million.
What’s next: Legislation to legalize recreational marijuana stalled amid a budget crisis but has a good opportunity of passing later this year.
6. New York: Approved MMJ as an alternative to opioids.
Details: The state announced the emergency rule in July, effective immediately.
Business opportunities: The move is expected to boost sales in the restricted market. Before the announcement, sales were projected to reach $50 million-$70 million this year, up from an estimated $20 million-$40 million in 2017.
What’s next: A state-commissioned study is calling for legalization of recreational marijuana.
7. Pennsylvania: Expanded medical marijuana uses and patient conditions.
Details: Smokable flower is being permitted, as well as allowing medical marijuana to be used for patients suffering from opiate addiction. The definition of pain also was relaxed.
Business opportunities: These additions should buoy an MMJ market projected to reach $50 million-$80 million in 2018.
What’s next: The MMJ market has had a slow rollout, but sales are expected to accelerate.
8. Vermont: Legalized home cultivation and possession of marijuana, becoming the first state to make adult-use MJ legal through the state legislative process.
Details: Adults are allowed to possess up to an ounce of marijuana and cultivate up to two mature and four immature plants.
Business opportunities: For the time being, opportunities are limited to home-grow supplies and consulting services. The in-state market is estimated at 70,000-80,000 users.
What’s next: The state established a commission to make recommendations regarding a taxation and regulation system for full-fledged marijuana cultivation and sales. That could result in legislation in 2019.
Jeff Smith can be reached at jeffs@mjbizdaily.com
You guys can go on with your inane ramblings all you want, come the early fall we will be producing and selling CBD oil and the PPS will climb to new highs. HMPQ ROCKET TIME 0.10 by EOS
Summer doldrums, many MJ stocks are down or sideways action. By early fall we will be in full production mode and the Volume and PPS will reflect it. 0.10 EOS Rocket Time Soon