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LedeTree Cannabis News Roundup – November 20, 2017

LedeTree Cannabis Roundup for Monday, Nov. 20

David Royse | LedeTree



Backers of legalizing marijuana for non-medical adult use in Michigan moved a step closer to their goal on Monday, turning in required signatures to the state to get the issue on the ballot. The Coalition to Regulate Marijuana Like Alcohol said it had 360,000 signatures and was turning them in to the Secretary of State.  “We are very confident that those that we turn in will be well beyond the 252,000 valid signatures that we need,” group spokesman Josh Hovey said at a press conference. The petition would legalize, regulate and tax recreational marijuana. Those over 21 could use marijuana, but would still be unable to consume it in a public place or drive under the influence.  If approved by voters in November, 2018, Michigan would become the second-largest legal adult-use market behind California.  Some estimates put the eventual sales revenue at more than a billion dollars in the state. MORE FROM MLIVE.COM


While several towns have blocked cannabis businesses in Massachusetts, backers of legal marijuana are cheering recent votes against prohibiting retail shops.  The Associated Press reported Monday that in recent votes, more towns are accepting the emerging industry, noting that town officials in Dracut, Marshfield and Brewster have rejected bans in recent weeks. Backers say the most recent votes may signal a slowly growing acceptance of the potential benefits from the business, including the local boost in tax revenue. More than 120 towns, however, have put at least some constraints on marijuana-related businesses in Massachusetts since January. READ MORE FROM THE AP, VIA THE BOSTON GLOBE


MJBizCon, the cannabis industry trade show this past week in Las Vegas, drew more than 18,000 people, hosts Marijuana Business Daily said. The attendance was nearly 70 percent larger than last year – with interest so high the gathering had to be moved this year to a larger venue, the Las Vegas Convention Center. MJ Biz Daily said 678 companies exhibited at the event this year, more than double last year’s total, and that nearly 2,000 attendees came from outside the United States.

About David Royse

David Royse
David Royse is the Editor-in-Chief of Ledetree.com. He has been a professional journalist for more than 20 years, including stints with The Associated Press and The News Service of Florida. He enjoys writing about health and medical science, and hopeful stories about scientific breakthroughs and new technology.

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