On Tuesday, a new bill became a law in Hawaii that decriminalized marijuana. Even though the state still has not legalized it, the move is seen as an improvement.
What To Know
The bill decriminalizing cannabis was introduced in the Congress in January and the Democrat-controlled legislature passed it and sent it to Gov. David Ige at the beginning of May. Even though the Democratic governor did not sign the bill, he also did not veto it, which resulted in it becoming a law on Tuesday.
The law removes the possibility of jail time for possession of up to three grams of cannabis. However, the $130 fine was kept as a penalty. The law includes the expungement of criminal records related solely to the possession of up to three grams of plant material.
It also authorizes the creation of a marijuana evaluation task force that would be focused on making recommendations on changing penalties for cannabis use.
Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 -- Click here to learn more!
Why It's Important
With the new law, Hawaii became the 26th U.S. state where cannabis is either legalized or decriminalized.
Decriminalization is a small step compared to measures taken by other states that legalized adult-use. Nevertheless, it's an important move in a state that has been moving very slowly on legalization, despite all levers of power being fully controlled by the Democrats.
In March, a bill failed to pass, despite strong support in Congress, after the Health Committee did not meet the deadline required to consider the bill.
Related Link:
Illinois To Become 11th State To Legalize Recreational Marijuana
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.