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In Colorado, cannabis has been legal for medical use since 2000 and for recreational use since late 2012. On November 7, 2000, 54% of Colorado voters approved Amendment 20, which amended the State Constitution to allow the use of marijuana in the state for approved patients with written medical consent. Under this law, patients may possess up to 2 ounces (57 g) of medical marijuana and may cultivate no more than six marijuana plants. Patients who were caught with more than this in their possession could argue "affirmative defense of medical necessity" but were not protected under state law with the rights of those who stayed within the guidelines set forth by the state. The Colorado Amendment 64, which was passed by voters on November 6, 2012, led to recreational legalization in December 2012 and state-licensed retail sales in January 2014. The policy has led to cannabis tourism. There are two sets of policies in Colorado relating to cannabis use: those for medicinal cannabis and for recreational drug use along with a third set of rules governing hemp.
WeedMaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling.
Malawian cannabis, particularly the strain known as Malawi Gold, is internationally renowned as one of the finest sativa strains from Africa. According to a World Bank report it is among "the best and finest" marijuana strains in the world, generally regarded as one of the most potent psychoactive pure African sativas. The popularity of this variety has led to such a profound increase in marijuana tourism and economic profit in Malawi that Malawi Gold is listed as one of the three "Big C's" in Malawian exports: chambo, chombe (tea), and chamba (cannabis).
In the United States, cannabis is legal in 38 of 50 states for medical use and 24 states for recreational use. At the federal level, cannabis is classified as a Schedule I drug under the Controlled Substances Act, determined to have a high potential for abuse and no accepted medical use, prohibiting its use for any purpose. Despite this prohibition, federal law is generally not enforced against the possession, cultivation, or intrastate distribution of cannabis in states where such activity has been legalized. Beginning in 2024, the Drug Enforcement Administration has initiated a review to potentially move cannabis to the less-restrictive Schedule III.
Colorado Amendment 64 was a successful popular initiative ballot measure to amend the Constitution of the State of Colorado, outlining a statewide drug policy for cannabis. The measure passed on November 6, 2012, and along with a similar measure in Washington state, marked "an electoral first not only for America but for the world."
The Colorado Compassion Club was a medical marijuana dispensary in Colorado. It was founded in 2004 with a storefront that was opened in 2005. In 2006 it registered with the Colorado Secretary of State, making it the first medical marijuana dispensary in the state of Colorado. This planted the seed in Colorado that grew into the first state to legalize recreational use by the Colorado Amendment 64 on November 6, 2012 along with the state of Washington.
MedMen Enterprises was a United States-based cannabis company. At its peak, it had operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts. MedMen owns and operates 29 retail stores and 6 cultivation facilities and is currently licensed to expand its footprint to 65 retail locations. Its stock began trading on the Canadian Securities Exchange under the ticker symbol MMEN in 2018. The CSE suspended trading of MedMen's stocks on January 8, 2024 pursuant to cease trade orders from the Ontario Securities Commission and British Columbia Securities Commission, and the stocks were delisted on May 16, 2024. MedMen was also traded over-the-counter in the United States under the ticker symbol MMNFF. MedMen is based in Culver City, California and has more than 1,000 employees.
Kayvan Khalatbari is an Iranian-American entrepreneur; he was a mayoral candidate in Denver, Colorado, in 2019.
Cannabis in South Dakota is legal for medical use as of July 1, 2021, having been legalized by a ballot initiative on November 3, 2020. Prior to then, cannabis was fully illegal, with South Dakota being the only U.S. state which outlawed ingestion of controlled substances. Testing positive for cannabis can be a misdemeanor offense. South Dakota would have become the first state in US history to legalize recreational and medical cannabis simultaneously, but an amendment legalizing recreational marijuana that was approved in the same election was struck down as unconstitutional the following February. The challenge claimed the amendment violated Amendment Z, the "Single-Subject Rule". The decision was appealed to the South Dakota Supreme Court, which upheld the lower court's decision on November 24, 2021.
Cannabis dispensaries in the United States or marijuana dispensaries are a type of cannabis retail outlet, local government-regulated physical location, typically inside a retail storefront or office building, in which a person can purchase cannabis and cannabis-related items for medical or recreational use.
The Adult Use of Marijuana Act (AUMA) was a 2016 voter initiative to legalize cannabis in California. The full name is the Control, Regulate and Tax Adult Use of Marijuana Act. The initiative passed with 57% voter approval and became law on November 9, 2016, leading to recreational cannabis sales in California by January 2018.
Tokyo Smoke is a Canadian recreational cannabis retail brand owned by OEG Inc. that operates in the provinces of Manitoba, Ontario, Newfoundland and Labrador, and Saskatchewan. It was co-founded by father and son Lorne and Alan Gertner in 2015.
The Cannabis Act is a law which legalized recreational cannabis use in Canada in combination with its companion legislation Bill C-46, An Act to Amend the Criminal Code. The law is a milestone in the legal history of cannabis in Canada, alongside the 1923 prohibition.
The International Church of Cannabis is a religious organization in Denver that uses cannabis as a sacrament. Members claim the use of cannabis helps elevate people to a higher understanding of self.
Wanda L. James is the first African American woman to own a marijuana dispensary in the United States.
Cannabis product testing is a form of product testing analyzes the quality of cannabis extracts, edibles, and THC and CBD levels in an emergent consumer market eager to sell adult use products. Analytical chemistry and microbiology laboratories are important entities in consumer protection. These labs not only determine the condition and viability of cannabinoids, water content, heavy metals, pesticides, terpenes, yeast, but also the presence of mold, mycotoxins, and solvents. These laboratories emerged when advocates of cannabis testing raised concerns about potential contaminants.
The Ontario Cannabis Retail Corporation, operating as Ontario Cannabis Store (OCS), is a Crown corporation that manages a legal monopoly over the online retail and wholesale distribution of recreational cannabis to consumers and privately operated brick and mortar retailers respectively throughout Ontario, Canada.
Women have been active in the cannabis industry, cannabis legalization, cannabis testing, and cannabis rights since the earliest days of commercialization, but they have also faced gendered obstacles impeding their growth in an industry worth over 12 million dollars since 2019. "The American cannabis industry accounted for $10 billion of 2018’s [global] figures, with the average U.S. dispensary pulling in $3 million a year."
Cresco Labs, Inc. is a publicly traded, vertically integrated cannabis and medical marijuana company based in Chicago, Illinois, with current retail operations in nine states where marijuana has been legalized for medical use. The company's stock trades on the Canadian Securities Exchange under the ticker symbol CL, and in over-the-counter markets in the United States with the ticker symbol CRLBF.
The Green Rush (2012–present) is an ongoing global economic event that began on December 6, 2012, when cannabis was legalized in the US state of Washington; Colorado's legalization took effect four days later. While still illegal federally in the United States, the actions of these two state governments signaled the opening of a market projected to be worth US$48+ billion globally by 2027. As of 2019 the cannabis industry had created over 250,000 jobs. However, cannabis companies have been a mixed investment success, with many experiencing plunging stock prices, massive layoffs, and failure to meet investor expectations.
References
- ↑ Drummond, Tammerlin. "Bay Area News Group". The Santa Cruz Sentinel. Retrieved 15 December 2016.
- ↑ Johnson, Anthony. "). Leafbuyer Works for Cannabis Businesses and Consumers". Marijuana Politics. Retrieved December 9, 2016.
- ↑ "Entrepreneurs create new way to shop for marijuana". Colorado Community Media. Retrieved 2018-10-02.
- ↑ "Colorado Marijuana Legalization Initiative, Amendment 64 (2012)". Ballotpedia. Retrieved 15 December 2016.
- ↑ "Leafbuyer Selected by The Cannabist as Official Cannabis Deals Partner". www.businesswire.com. Retrieved 2017-10-07.
- ↑ "Westword Selects Leafbuyer as Official Cannabis Deals Partner". www.businesswire.com. Retrieved 2017-10-07.
- ↑ "Leafbuyer Technologies, Inc. Significantly Increases Content Distribution Network by Launching Nationwide Partnership Deal with Voice Media Group". www.businesswire.com. Retrieved 2017-10-07.
- ↑ "Trade Name Summary". Colorado Secretary of State. Retrieved 16 December 2016.
- ↑ "Leafbuyer Technologies, Inc. Launches West Coast Regional Office". finance.yahoo.com. Retrieved 2019-11-14.