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Cannabis Regulatory Update: Kansas, New Mexico, Ohio, Rhode Island, South Dakota

By Benzinga Staff Writer, The Fresh Toast on

Published in Cannabis Daily

Two measures were heard during last week’s panel: S. 604, which is sponsored by Senator Tiara Mack, and S. 188, sponsored by Senate Majority Leader Michael McCaffrey.

S.604 would reduce felony charges for simple drug possessions, while S. 188 would make possession of small amounts of controlled substances a misdemeanor, reports the outlet. Ohio’s Medical Marijuana Sales May Come To $400 Million This Year Ohio’s medical marijuana market had a prolonged start, with legalization happening back in 2016, but sales commencing early 2019.

In spite of a lagging development, medical cannabis sales in the Buckeye State are now growing at a fast pace. From weekly sales of around $2.5 million prior to the start of the global pandemic, numbers are now hitting $5 to $6 million, reports Marijuana Business Daily.

According to the “Marijuana Business Factbook,” Ohio medical marijuana sales could amount to $350 to $400 million this year. This compares to $221.5 million in 2020.

The number of registered patients almost doubled from the prior year hitting 176,387 on March 19.

“It’s a potential $400 million market this year, and there’s plenty of growth in sight,” said Nate Reid, vice president of commercial strategy for Illinois-based Cresco Labs (OTC:CRLBF), which owns cultivation, processing and dispensary licenses in the state. South Dakota Gov. Wants To Limit Current Medical Cannabis Program South Dakota Governor, Kristi Noem, known for her passionate anti-cannabis stance, is working towards limiting the existing medical cannabis program in the state, writes Marijuana Business Daily.

 

Currently, she is pushing to ban people younger than 21 to smoke or vape medical cannabis. She is also trying to limit the number of plants medical marijuana patients are allowed to grow at home.

A few months ago, Noem was unhesitant to challenge the voter-approved adult-use cannabis measure, claiming it is unconstitutional. Circuit judge Christina Klinger supported that view, but the case has been appealed to the state Supreme Court.

This article originally appeared on Benzinga and has been reposted with permission.

The Fresh Toast is a daily lifestyle platform with a side of cannabis. For more information, visit www.thefreshtoast.com.

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