The Race Is On For Recreational Cannabis In Pennsylvania
Medical cannabis has grown in Pennsylvania to a much larger industry than in either of its neighbors to the north and east, but the decision to legalize it for recreational use could be the difference between a significant acceleration and a massive missed opportunity.
“It could significantly impede both short- and long-term revenue if we wait too long [to legalize recreational cannabis],” state Sen. Sharif Street told
Bisnow. “It also makes [keeping cannabis illegal] a little pointless if people cross state lines to get it, so we’re not accomplishing anything to prevent people from using it. We’ll probably also have an uptick in arrests as people bring it across state lines.”
Adults can possess and cultivate small amounts of the drug starting in July
By Associated Press, Drew Wilder and Mariela Patron
Virginia became the first Southern state to legalize marijuana on April 7, 2020.
Gov. Ralph Northam accelerated the legalization process as Democrats said the bill was a matter of urgency to end disparate treatment of people of color under current marijuana laws.
Black Virginians are still four times more likely than whites to face a court summons for possession of marijuana, according to court records analyzed by Virginia Public Media. Northern Virginia Bureau Reporter Drew Wilder goes inside a marijuana grow facility as Virginia Gov. Ralph Northam proposes speeding up legalization.
Founder, National Cannabis Festival and National Cannabis Policy Summit
As a kid growing up in 16th Street Heights during the ’90s and early 2000s, she’d watch her neighbors’ residences being raided for pot offenses. As an adult, she has turned her hometown into a destination for weed stans, organizing the area’s first cannabis festival in 2016. Nearly 20,000 people attended the last in-person event, at RFK; it now includes a policy component, too.Back to Top
The Growers
Co-owners, Phyto Management and Maryland Cultivation and Processing
When longtime lawyer and Reagan campaign counsel Ed Weidenfeld was diagnosed with Parkinson’s, his son introduced him to farmer and Landon alum Andras Kirschner. The pair became partners in pot-growing ventures in Hagerstown and DC. The latter, Phyto, was DC’s highest-grossing in 2019, with $3.2 million in revenue. “I once thought cannabis would put users on the path to inevitable addiction,” Weidenfeld says. Now it “keeps me cl
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Reuters
Cannabis companies are eyeing New York s new legal marijuana market.
Many of the big players already operate in the state s medical program.
But those that aren t say they re mostly looking to enter as cultivators, not retailers.
New York s new legal marijuana market could be worth billions, creating a massive opportunity for some of the biggest cannabis companies in the US.
The state legalized cannabis for adults over the age of 21 on Wednesday. Regulations for retail sales are still being formulated, meaning you may not be able to buy a pre-roll or a gummy in stores before next year.
Once the market ramps up, annual sales could reach $5 billion to $7 billion, according to estimates from analysts at Stifel and Cantor Fitzgerald, respectively. Now, a gold rush is shaping up as major firms eye what could be the one of the biggest US cannabis markets, fueled by the state s large and relatively wealthy population and plenty of tourism.