North Carolina's First Weed shop To Open This Summer, 48 New Cannabis License Winners In Missouri And More Marijuana Reg Updates

Zinger Key Points
  • Missouri’s second round of cannabis licensing lottery elected 48 applicants to obtain cannabis micro-business permits.
  • New Jersey lawmakers gave the green light to an amended psilocybin measure this week.
  • In Rhode Island, authorities are set to provide funding for those seeking to attend a cannabis training program.

48 New Cannabis Winners In Missouri’s Second Lottery Round

Missouri's second round of the cannabis licensing lottery elected 48 applicants to obtain cannabis microbusiness permits, out of 2,000 applicants who applied between April 15-29.

This was the second random lottery drawing out of three rounds. Now, newly elected applications that join nine elected during the first round of licensing, are set for a review for eligibility.

Out of the total number, 33 were microbusiness wholesale licenses, while 24 were microbusiness retail permits, according to a press release by Missouri's Division of Cannabis Regulation.

DCR said that "no later than August of this year, a total of 57 microbusiness licenses will be issued," adding that "the lottery selection does not guarantee the applicant a facility license."

New Jersey Lawmakers Pass Psilocybin Bill Following Amendments To Remove Broad Legalization

In the meantime, New Jersey lawmakers gave the green light to an amended psilocybin measure this week.

S.2283, from Senate President Nick Scutari (D), was advanced by the Senate Health, Human Services and Senior Citizens Committee in a 6–2 vote on Thursday, reported Marijuana Moment.

This version of the bill includes a language that took out provisions that sought to legalize the possession, use and cultivation of psilocybin by adults, focusing on therapeutic access to the psychedelic instead.

New Jersey is about to host Benzinga Cannabis Market Spotlight this June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don't miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code “JAVIER20” for 20% off!

These MMJ Products In Washington State Are No Longer Subject To Steep Taxes

A new law in Washington State that just took effect will exempt certain medical cannabis products from being subject to the state's 37 percent cannabis tax, reported Marijuana Moment.

Approved by Gov. Jay Inslee (D) earlier this year, the bill from Rep. Sharon Wylie (D) and two of her colleagues applies to products that were subject to higher testing standards than other products considered legal statewide. The law will be in effect until June 30, 2029.

Rhode Island's Cannabis Training Program

Meanwhile, in Rhode Island, the authorities are set to provide funding for those seeking to attend a cannabis training program.

The Community College of Rhode Island (CCRI) is kicking off a Cannabis Training Program on Tuesday, July 9 at CCRI's Liston Campus in Providence. It will last for eight weeks. CCRI's collaboration with the state's Division of Workforce Partnerships is financially supported by the state Department of Labor and Training's Real Jobs RI initiative.

"CCRI's Division of Workforce Partnerships is always looking to be responsive to employer needs and we are proud and excited to create a training for this emerging industry," said Division of Workforce Partnerships VP Jennie Johnson. "We look forward to having a hand in creating a robust cannabis workforce."

North Carolina's First Rec Cannabis Store To Open This Summer

The Eastern Band of Cherokee Indians Tribal Council in North Carolina passed a policy reform that amended the Tribal Code to make recreational cannabis sales legal in its dispensary on the Qualla Boundary.

The Tribal Council passed Ordinance 63 on Thursday in an 8-2 vote, allowing for the store to open by the end of summer, reported The Citizen-Times, Asheville. Marijuana sales are still illegal statewide.

The ECBI is a sovereign self-governed nation and a federally recognized tribe, which opened its first medical cannabis store this spring.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsPsychedelicsRegulationsPoliticscannabis licensing lotterycannabis microbusiness permitscannabis regulatory updateCannabis TaxCommunity College of Rhode IslandJay InsleeJennie Johnson.medical marijuana sakesMissouri CannabisNew Jersey CannabisNew Jersey psilocybinNick ScutariNorth Carolina cannabisQualla Boundaryrecreational cannabis salesRhode Island cannabisS.2283Washington State cannabis
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

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.