Cannabiz License News - Issue #1477
Cannabiz Media
An all-in-one solution that drive your pursuits forward in the cannabis industry 🔥
Cannabiz Media News
The largest cannabis industry event of the year, MJBizCon, will be lighting up Las Vegas, Nevada, from December 3 through December 6, 2024, and the Cannabiz Media team will be at Booth 6414 in the Central Hall of the Las Vegas Convention Center throughout the expo. And we’re coming with BIG news…
We are three quarters of the way through 2024 and 2,211 new licenses were issued in Q3. This was the strongest quarter of the year and was given a boost from new licenses in Ohio and New York.
Cannabiz License News
Former President Donald Trump has won a second term in office, defeating Vice President Kamala Harris in the race for the White House on a platform that included support for state-level marijuana legalization and limited federal cannabis reforms.
2024 has been a disappointing year for cannabis legalization efforts. It appears that 2024 will be the first year since 2017 that no additional states will legalize cannabis for adult use; the number of states where adult-use cannabis is legal remains at 24. And only one state appears poised to adopt a medical program this year.
Cannabis prohibition will remain in Florida despite a state majority that supports reform. The Sunshine State’s voters had 56% support for Amendment 3, falling short of the 60% supermajority threshold for the ballot measure to pass.
Recommended by LinkedIn
Kentucky’s governor says the result of Tuesday’s election—which saw more than 100 cities and counties approve local ordinances to allow medical cannabis businesses in their jurisdictions—demonstrations that “the jury is no longer out” on the issue that is clearly supported by voters across partisan and geographical lines.
Voters in Nebraska have approved the medical use of cannabis, a policy that has been adopted by 38 other states (24 of which also allow recreational use). With three-quarters of ballots counted on Tuesday night, 71 percent of voters favored Initiative 437, which allows patients with a "written recommendation" from a "health care practitioner" to "use, possess, and acquire up to five ounces of marijuana to alleviate or treat a medical condition or its symptoms."
Pennsylvania - Pennsylvania Enacts Changes to Tax Appeals Process, Clarifies Medical Cannabis Business Deduction
On October 29, 2024, Pennsylvania Governor Josh Shapiro signed legislation to provide corporate net income tax relief for medical marijuana dispensaries. In addition, the legislation extends the deadline for taxpayers to appeal personal income tax assessments and establishes a formal settlement conference process overseen by the Pennsylvania Board of Finance and Revenue.
South Dakota - South Dakota rejects recreational marijuana ballot measure
South Dakota voters on Tuesday rejected a ballot measure seeking to legalize recreational marijuana for the third straight election cycle.
About Cannabiz Media
There is nothing artificial about our intelligence.
We are a team of real researchers, developers, marketers, and strategists who are passionate about your growth, insight, and compliance within the cannabis industry.
Our award-winning Cannabis Market Intelligence Platform facilitates growth opportunities, reveals financial insights, and safeguards compliance.
It provides an all-in-one solution that leverages rapidly updated data, cutting-edge technology, and a support system of experienced strategists that drive your pursuits forward in the cannabis industry
See what the platform can do for you - bit.ly/CannabizMediaLIN