A U.S. Retail Market Update – Where’s What Legal?
Last November 4 states in the United States passed laws that would regulate and legalize a retail cannabis market for residents in and tourists to their states. California, Nevada, Massachusetts, and Maine joined Colorado, Alaska, Oregon, and Washington in the ever-growing list of states within the US who have chosen to legalize retail cannabis markets for adults.
Nevada has already opened up its doors to this market allowing adults over the age of 21 to purchase cannabis products from licensed dispensaries. California is working out the details, but they are not very far behind. The latest news coming out of Massachusetts predicts that the state will see legal retail cannabis dispensaries before next summer. Maine, however, is facing major opposition from the governor. This is despite the fact that the residents of the state voted yes on a retail cannabis market last fall.
Governor Paul LePage was described by Merry Jane as being a "staunch prohibitionist" and this can be seen clearly in his continued opposition to any piece of legislation that would legalize a retail cannabis market in the state. Recently legislators passed a committee bill that will regulate the legal weed industry that was approved by voters.
The House and the Senate have finally agreed upon licensing, limitation rules and tax structures thus far. Unfortunately, the bill has now been sent to the governor's desk and it is highly anticipated that he will veto it. He will have 10 days to either sign the bill, veto it, or it will pass automatically after 10 days which of course is what we're hoping for. If the bill is vetoed by the governor, legislators will not revisit the issue again until January. This means that legal retail cannabis dispensaries could still be a far reach away for adults in the state of Maine.