The Blinc Group today announced that its customer in the vaping distribution industry, Headies Smoke Shops, has signed an agreement with Puffmen, to be the exclusive distributor in the State of Florida for its nicotine and cannabis vaping portfolio.
With millions of marijuana dollars already flowing through US and Canadian stock exchanges, new funds and investors entering the space, and the excitement around the increased legalization of recreational marijuana, we’re seeing a strong appetite among global investors to invest in the US cannabis market.
Even though California will finally begin allowing the sale of recreational marijuana on January 1st, 2018, a lot of people are very nervous about how that is going to go. The state has had a largely unsupervised medical cannabis program in place since 1996
Marijuana is a social drug, so its only natural that marijuana lounges and social clubs are appealing to people. In some states, marijuana lounges are needed because visitors who legally purchase recreational cannabis may not have a legal place to consume it
For New York state, 2018 has brought optimism and some fresh perspective for lawmakers debating the legal status of marijuana. In his Wednesday address regarding the 2018 Executive Budget Plan, Governor Andrew Cuomo (D) delivered remarks on “revenue raisers” – new taxes and fees that can potentially infuse ~$1B into the New York economy. Among several proposals put forth to accomplish this, the Governor made it apparent that he is open to the idea of legalizing recreational use of marijuana as a major revenue generator. Read more
Vermont made history today by becoming the first state to legalize recreational marijuana through a legislative process, as opposed to voter initiative. Vermont Governor Phil Scott (R) signed into law House Bill 511, which makes it legal for adults over 21 to possess up to one ounce of cannabis or five grams of hash, and removes penalties for possession and cultivation of up to two mature marijuana plants and up to four immature plants and home. Read more