With a new year set to begin 2022 is gearing up to be a progressive time in the cannabis industry. With 2021 soon to end many legal states across the US are almost ready to enact policy changes. These new laws will be put into action as of January 1st. This is ranging from the sale of…
retail marijuana in Montana and medical marijuana in Louisianan. As of the start of 2022 businesses, legislators and advocates will witness new policies become active.
With marijuana stocks not having the best year outside of the market a lot of success and growth has occurred. As well as the above-mentioned new state-level cannabis laws soon to go into effect. This has been what many are talking about in regards to the progress that will take place this upcoming year. Which has also allowed others to take advantage of how low some of these cannabis stocks have fallen.
To which with these new policy changes could help see a more efficient nationwide cannabis industry. Which may help see an increase in how the sector may perform. Nevertheless, there is a lot of anticipation for this upcoming new year. Below we will go over some of these new policy changes. In addition to the states that have enacted them.
As of January 1st Montana will now service those 21 years and up or retail cannabis sales. This comes as back in 2020 voters passed a bill. Along with the work of legislators to complete regulations for the program. Those of legal age will have the ability to buy up to 28 grams of marijuana at one time. Now those cannabis products will have a 20 percent tax.
As well as some local jurisdictions that will be adding a small 3 percent tax on top. This bill was signed by Gov. Greg Gianforte back in March once voters approved the legislation. With his signature, this implemented the bill back in 2021. A legislative committee then consented to the regulations for the adult-use program earlier this month.
Leading legislators in Louisiana passed various marijuana bills during the
the 2021 session. This contained one bill to decriminalize marijuana that took effect in August. Following this, another new law will be active on January 1. This bill would considerably grow Louisiana’s promoting medical cannabis program. This would be done by giving patients access to flower marijuana products. As it currently stands, patients are able to vaporize cannabis preparations via a “metered-dose inhaler.
However, they are not able to access whole-plant flowers, and smoking is not permitted. An attempt in Congress to enact a proposal to legalize recreational cannabis was cut short in the House this session. This came after the chamber failed to advance a complementary measure on taxing adult-use marijuana. Gov. John Bel Edwards mentioned back in May, however, that he believes the reform “is going to happen in Louisiana eventually.”
The Governor of California Gavin Newsom penned his name on a bill in September. To which this cannabis bill would require hospitals to permit medical marijuana for particular patients who need it. This new law will go into effect on New Year’s Day. The bill is being backed and sponsored by Sen. Ben Hueso. Furthermore,has been…
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