Thursday, March 28, 2024

Gavin Rossdale Shows How Celebrity Weed Features Should Be Done

Since breaking through with Sixteen Stone in 1994, Bush’s Gavin Rossdale has been a music industry mainstay. The debut album peaked at #4 on the Billboard charts, leading to successful albums and side projects over the next three decades. In all, Rossdale and Bush have amassed 24 million record sales and over a billion streams. 

The band’s debut release, known for hits like “Machinehead” and “Glycerine,” solidified Bush’s 90s legacy. They continued with chart-topping releases, including 1996’s follow-up Razorblade Suitcase, and maintained momentum through the 2000s. Their latest album, The Art of Survival, released in 2022. 

The combined endeavors created a lasting impact in the ears and minds of listeners, amassing 24 million records sold and over a billion streams across various platforms. With Gen-Z leading a 90s revival in recent years, the band has earned scores more fans while reminding older listeners that unlike some 90s acts, Bush isn’t a nostalgia act. 

That’s great and all, but why are we talking about this in a weed publication?

Great question! It all boils down to authenticity. Gavin Rossdale’s eager engagement with New York’s weed culture, exploring both licensed and unlicensed scenes, stands out in the saturated world of celebrity weed narratives that few others have been willing to embark on. In doing so, he created a lasting experience for himself and hopefully readers. 

The Licensed Dispensary Experience

We introduced Rossdale to New York’s licensed cannabis scene with a stop at The Travel Agency in Union Square, a sleek, all-white interior dispensary with discreet marketing, thanks to state laws. Despite its unassuming street presence, marked only by a small sign above eye level, a joint-styled art installation in the window lets passersby know what’s inside.

Rossdale mentioned previously visiting one of the city’s untold number of unlicensed shops in the city. He discussed how the shop gave off a lack of trust and fostered shopper uncertainty about product quality and trust. 

“You’re just basically buying it old school from some dude on the corner,” he remarked. Rossdale felt similarly uncertain about licensed shop products, likely due to his unfamiliarity with many of the brands sold in the store and an inability to smell flower. 

However, he took a keen interest in learning. Photographer Jhalil D. Wright and I peppered Rossdale with facts about the market, products, and particular brands. Typically, this type of info dump leads many to tune out or lose interest. To the singer’s credit, he soaked up the information, showing an eagerness to learn about topics like market trust, sprayed terps, and drying and curing methods.

While shopping, the Bush frontman discussed his preference for smoking flower and largely avoiding pre-rolls. After browsing for a few minutes, Rossdale bought an eighth of Mimosa from Etain despite the restrictions on examining product before buying. He also scooped up edibles from Eaton Botanticals, infused olive oil from Chef for Higher, and Flintts Mints.

The experience was fine enough, or at least as much as a shop can deliver under New York law. But, like many legacy consumers, Rossdale seemed to be seeking something more hands-on. To get that, we visited the underground hotspot Astor Club. 

On the ride over, Rossdale discussed his preferences for weed over alcohol, stating that drinking and hangovers do not benefit singers while on tour. No matter the substance, Rossdale likes to remember that it should amplify the moment or intention, not bring someone down. He’s shared this with his three sons under-18. 

He emphasized the importance of telling them the truth. “Use it to amplify the moment instead of pull you down,” he explained. “My main thing is just to be a guy, to be helpful, not a hypocrite,” he said, noting that pot makes him feel creative. To maintain the effects to his ideal level, Rossdale tends to consume every few days. 

The Legacy Experience

At Astor Club, Rossdale found the cannabis experience he was looking for. No shade to The Travel Agency or any other licensed spot. It’s not their fault. The current state and federal regulations don’t allow dispensaries to compete with the flower or features found at underground meccas. On the other hand, Astor Club has cultivated a reputation for sourcing the top bud from elite producers across the country—all while creating an environment synonymous with the culture. 

After rolling up a J of Cookie Dough from Khashtree Mason, Rossdale was convinced. “It’s like Cristal Champagne,” he said, offering ample praise for the bud and the lounge. The Bush founder was so fond of the strain that he almost stuck to it exclusively. Staff ended up reminding him of their extensive menu, all top tier options in their own right. Eventually, a few different strains were selected and smoked.  

After smoking another J, Rossdale discussed his career and personal life in-depth. Feeling that living with intention, learning, and striving to improve are all important, he said, “You have to put everything into it.” As evidenced by Bush’s new harder rock and detuned sound, Rossdale said he loves finding new sounds and ways to play music, as evidenced by the detuned sound on the band’s 2022 album The Art of Survival. 

A greatest hits album, Loaded, was released in October 2023. Originally hesitant to put out a hits compilation and be seen as a fading act, Rossdale is now eager to see the band’s top works compiled together. 

“It’s been really fun to look back and see what those songs have done for other people,” Rossdale said, sharing a similar feeling when playing live. “When I play those big crowds, it’s really fun, because there’s all these memories emanating like shooting stars out of all the audiences.” The band embarks on a summer tour starting June 1. 

Despite the ongoing passion for music and performing, Rossdale does see retirement happening at some point. A self-proclaimed fan of restaurants and food, he recently put his passion on screen hosting his own celebrity cooking show, Rockstar Kitchen Chronicles, featuring guests such as Tom Jones and Jack McBrayer. 

Despite a love for food, music, the plant, and more, Rossdale envisions dogs as his ideal next career. “I would like to run a huge ranch for rescue dogs and animals,” he said. 

Enamored with the menu of choices, Rossdale, Jhalil and I departed Astor Club with a few more selections, including more Cookie Dough and Moon Doh from Archive. 

An Authentic Celebrity Experience

Credit to Rossdale and his public relations team. All too often, PR will pitch Zoom interviews and carefully curated celebrity press ops that blanket numerous outlets and reporters, often regurgitating the same talking points no matter the outlet. 

After years of writing up celeb features that didn’t do much for the plant or reader, I have chosen to steer clear of most star-studded coverage, especially those making the media rounds hawking their new seeds, strain, brand, etc. Rossdale was no doubt in press mode, promoting his new tour and latest single. But unlike far too many celebrities, he didn’t have a stake in the weed game. He just wanted to pick up, smoke, and talk shop. 

This simple, authentic concept is one few outside of hip hop have even flirted with on the record. And that’s a damn shame. The standard media approach does little for readers and, as sales seem to indicate, it does little to help most brands boost sales or awareness. Rather than Zoom-ing or calling it to discuss a fondness for weed, Rossdale showed up, discussed his own experiences, and demonstrated an authentic desire to learn more. In doing so, he got to see both sides of New York City’s weed community, and got hella high in the process. And, unless I fucked up in my role as the storyteller here, the Rossdale approach makes for a better story every time. 

The post Gavin Rossdale Shows How Celebrity Weed Features Should Be Done appeared first on High Times.



source https://hightimes.com/culture/gavin-rossdale-shows-how-celebrity-weed-features-should-be-done/

Wednesday, March 27, 2024

Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients

Medical marijuana patients would be permitted to grow up to 16 cannabis plants at home under a bill now pending in the state legislature. If approved, patients and caregivers would be able to grow twice the number of plants allowed under the state’s recreational marijuana legalization law, which went into effect on August 1 of last year.

Minnesota legalized medical marijuana in 2014 with a law that allows patients diagnosed with certain qualifying conditions to use cannabis medicinally with a doctor’s recommendation. The law also allows the state’s approximately 41,000 registered patients to designate a caregiver to pick up medical marijuana from a licensed medical dispensary on their behalf. The law did not authorize home cultivation by patients or caregivers, however.

The recreational marijuana legalization bill passed last year allows adults to grow up to eight cannabis plants at home, including up to four mature plants. Under a bill (HF 3766) introduced by Democratic Representative Jessica Hanson earlier this month, registered medical cannabis patients would be permitted to grow 16 plants. The bill also allows registered caregivers to grow marijuana on a patient’s behalf.

Minnesota Lawmaker Advocates for Patients

At a hearing on the legislation on Monday, Hanson said the bill would allow more medical marijuana patients to benefit from homegrown cannabis. She noted that because of their medical conditions, many patients have limited incomes that do not allow them to buy medical marijuana at dispensary prices. Additionally, patients who are disabled or face other limitations often are not able to grow cannabis themselves.

“As it stands, people with disabilities and conditions that qualify them to be on the medical program can only grow their own if they know how to, if they can afford to, if their condition or living situation allows them to or if they know someone who will gift them homegrown products,” Hanson said, according to a report from CBS News.

Hanson told her colleagues that approving the bill would allow more patients to take advantage of the state’s medical cannabis program.

“We do not think that people with qualifying medical conditions on our medical cannabis program ought to be left out of the ability to benefit from homegrown cannabis simply because they are unable to grow it by themselves,” Hanson said in a news report of the hearing published by the Minnesota House of Representatives.

Republican state Representative Anne Neu Brindley questioned the need for Hanson’s bill, noting that the recreational marijuana legalization law allows all adults to grow cannabis at home. She also noted that cannabis grown under Hanson’s bill would not face the same safety testing requirements faced by commercial cannabis growers.

“I would question whether or not caregivers are the best place to do that. They’re not trained in this and we’re treating this as medicine in this situation particularly,” she said. “And so I would question whether or not this is the most appropriate way to move forward on that.”

Hanson replied that the cannabis lab testing infrastructure in Minnesota would not be able to accommodate the demand that would be created by requiring all homegrown medical cannabis to be tested. She also noted that the law does not require testing of home-cultivated recreational marijuana.

“It’s my opinion that setting a different or a higher bar for people with disabilities who simply need help growing their own cannabis at home is not inclusive,” Hanson said.

Leili Fatehi, a cannabis advocate and partner and principal of Minneapolis-based consultancy firm Blunt Strategies, said that the “legislation takes a thoughtful approach to the complex issues faced by patients with debilitating conditions, aiming to reduce the financial burden associated with accessing effective treatment.”

“The efforts of Rep. Jessica Hanson and local advocates highlight a commitment to compassionate, patient-centered healthcare, reflecting the best in both legislative and community leadership,” Fatehi wrote in a statement to High Times. “Moreover, recognizing that many in our registry program are either physically incapable of cultivating cannabis due to health conditions or are hindered by their living situations, this bill addresses the critical need for accessible alternatives to forcing patients to choose between high dispensary prices or the unpredictability of receiving cannabis through legal gifting.”

Hanson’s bill has been referred to the House Commerce Finance and Policy Committee for consideration.

The post Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients appeared first on High Times.



source https://hightimes.com/news/minnesota-bill-doubles-home-grow-plant-count-for-mmj-patients/

Cannabis Cultivator Fees Waived in New York Until 2026

The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this recent progress to help struggling cultivators. “Farmers are the backbone of our State, and we’re making sure the family farms across New York that are building our cannabis industry have a real chance to succeed,” Hochul said. “I have made it clear that New York State needs to issue more dispensary licenses and kickstart cannabis sales in New York, and this two-year promise to Adult-Use Conditional Cultivators will make sure these farmers can reap the benefits of this growing industry.”

On the same day, the CCB also approved 114 new cannabis business licenses (45 for retail dispensaries and 31 microbusinesses) which allows the grantees to grow, process, and sell cannabis. The state currently has 89 licensed dispensaries currently operating, and hundreds more licenses that have been granted, with 223 approved in 2024. Additionally, the CCB approved 38 non-conditional adult-use licenses as well. 

Until 2026, cultivators will no longer have to pay for the fee that is applied when they transition to a non-conditional license, such as cultivation or microbusiness licenses. Conditional license fees range anywhere between $4,500 to $40,000, and the price is based on their license tier size and canopy size, according to a press release published by Hochul’s office.

Chris Alexander, executive director of the New York Office of Cannabis Management also provided a statement regarding the new licenses. “New York State’s cannabis market is moving in the right direction, and by waiving licensing fees for two years, we’re making sure conditional cultivators have a chance to reap the rewards of this growing industry,” Alexander said. “As we mark three years of legalized adult-use cannabis in New York state, we look forward to this next chapter of our cannabis story.”

The 114 applicants who were granted licenses on March 22 submitted their applications prior to Nov. 17, 2023, and also already own a physical location for their business. Those who applied after Nov. 17 but before Dec. 18 will likely be approved within the next few months “on a rolling basis.” At the March meeting, the CCB also renewed permits for 17 testing labs. “Since the last Cannabis Control Board meeting in February, 16 new adult-use cannabis dispensaries have opened their doors across New York State,” the CCB wrote in a press release. “This is a continuation of the swift rate of store openings since the December lifting of an injunction preventing New York’s retail cannabis licensees from opening their doors.”

There are an estimated 2,000 illegal cannabis business operators in New York, according to The New York Times. In comparison to the 89 legal businesses (10 which are delivery-only), that is approximately 24 illegal businesses for every one legal business.

The original legal framework for New York’s adult-use cannabis program was signed by former Gov. Andrew Cuomo in March 2021, and Hochul replaced him and took office later that year in August. Last month Hochul spoke about the initial framework. “You have to go back to the very beginning,” Hochul said. “Prior to my time [as governor], the legislation was crafted in a way that was not poised for success.”

As a result though, legal cannabis businesses have been struggling. “We’ve got farmers who are just losing money. We’ve got these people who took out loans and are excited about their opportunities, ready to start,” Hochul said. “And meanwhile, no money is flowing back to the state. We have all this, and the illicit market is flourishing.”

Earlier this month, the New York Senate discussed a budget proposal that would earmark $128 million to support cannabis businesses. This includes $60 million to go toward farmers’ loans, $40 million for Cannabis Farmer Relief Fund grants, and $28 million for cannabis farmers who lost money due to the state’s slow ramp-up for its legal industry.

A few weeks ago on the Senate floor, Sen. George Borrello spoke about the importance of the bill. “We are now three years into where we have passed the legalization of recreational marijuana in New York state—three years now this month,” said Borrello, according to The Post-Journal. “We are now proposing a bailout for pot farmers of $128 million. We all, I think, would agree this has been an abject failure. It’s been said on both sides of the aisle. Somehow New York state has managed to screw up pot. I don’t know how that happens, but we did.”

Sen. Michelle Hinchey proposed a bill last year that was ultimately vetoed by Hochul but would have opened up opportunities for cannabis farmers earlier. “I don’t right now have any numbers on the broader spectrum of cannabis across the state, but I think it’s incredibly important to recognize and acknowledge that these are growers who we asked to grow the product for the market and so the $128 million here is to cover the losses they would have seen since the rollout was delayed and making sure they have the funds to be able to stay in business until the next growing cycle,” Hinchey explained.

The post Cannabis Cultivator Fees Waived in New York Until 2026 appeared first on High Times.



source https://hightimes.com/news/cannabis-cultivator-fees-waived-in-new-york-until-2026/

Recreational Rapper Weed: The Rick Ross Interview

Rap music and cannabis are a marriage crafted in heaven, or hell depending on where your God lines up on the whole “getting high” thing.

With the uprising of recreational cannabis has come a plethora of celebrity strain releases. Some of them were obvious marketing ploys with no real foresight or follow through when it came to the actual weed being sold. Some of these collaborations, however, have been met with overwhelming positivity when it comes to the community response. If anyone remembers the Tenco Pink Zushi collab with Coi Leray, or the Knockout OG release from Mike Tyson’s brand, the general consensus on both was that it was fire flower with a big name behind it to fuel sales. In other words, when done correctly, celebrity rec weed can be a win-win for everybody involved.

Rick Ross, the rapper and millionaire teamed up with a Los Angeles-based brand called High Tolerance to bring his own line of celebrity flower to market. High Times had the opportunity to catch up with the boss himself and the High Tolerance guys to find out more about this collaboration and the strains they released, some of which also include collaborations with fellow rappers Jim Jones and Rich the Kid.

High Times: What has cannabis done for you, your life, your career as a rapper?  

Rick Ross: Cannabis has helped me create the music because it’s always put me in the zone.

High Times: What does your strain, Collins Ave, make you feel like? 

Rick Ross: It makes me feel like a Boss. It’s very uplifting, gets my vibes right. It gets me in the place I like.

High Times: What does it taste like? 

Rick Ross: Real sweet, gassy. It’s the finest flower.

High Times: How do you like to consume it (blunts, joints, bongs etc)? 

Rick Ross: Recently I’ve been doing the big joint in my new venture. I’ve been doing a couple bong rips.

High Times: Do you write and/or record your raps high? 

Rick Ross: I’m always smoking that High Tolerance. I have a high tolerance. It helps me stay creative. It’s a big part of my music and my everyday life. 

High Times: Does this help the creative process in your experience? 

Rick Ross: Most definitely. High Tolerance gets me relaxed and focused at the same time and in the zone vibing.

High Times: What made you decide to bring Rich the Kid and Jim Jones in on this collaboration? What do they bring to the table for this experience you’re providing to people?

Rick Ross: I didn’t bring em but Manny the CEO is heavy in the culture. Everybody knows that High Tolerance got the finest flower and it was just natural for them to want their own collab. That’s what they do.

High Times: Why did you choose High Tolerance to create this strain with? 

Rick Ross: High Tolerance has the finest flower and they’re the best in the game right now. Both on the East and West coasts. That’s the top shelf weed that real weed connoisseurs like.

High Times: Anything I didn’t ask you’d like to talk about in connection with this collaboration? 

Rick Ross: We dropped Collins [Ave] and everyone loved it so much we had to come back with more so we dropped Boss Pop and Belair Pop. You guys can find it in dispensaries in Los Angeles everywhere. Stay tuned for some new stuff coming and new limited merch drops.

Photo credit: Shula Da Don

This might not be super common knowledge but before he was a rapper, Rick Ross spent a little over a year as a correctional officer. He talked about it on an episode of the Full Send podcast in March of 2022. The hosts of the podcast asked if he enjoyed the work and he said he was not a fan.

“I didn’t. Anything you gotta really do you’re fuckin’ running, jogging and all of that shit man,” Rick Ross said to the hosts of Full Send.

High Times asked specifically if Rick Ross worked with cannabis prisoners in his experience as a correctional officer and if this experience had anything to do with his venture into the cannabis industry. Unfortunately, Rick Ross declined to comment on this.

As far as the weed itself and the producers behind it, High Tolerance CEO Manny enlightened us a bit on the process that went into choosing the strain to be used for Collins Ave, which he said was a Gelato X Biscotti cross that came out a bit heavier on the Gelato side. Manny said that when he and Rick Ross decided to collaborate, he brought the rapper five to seven samples to try so he could pick his favorites which became Collins Ave, Boss Pop and Belair Pop. The High Tolerance CEO also gifted Rick Ross with a chain and ring to celebrate their collaboration which TMZ estimated to be worth around $130K together.

“I brought him a good five to seven samples and he ended up liking two or three of them, which is how we ended up coming out with more than just one color, one strain for him because he really liked a couple flavors,” Manny said. “So we gave him Collins Ave. which was his idea, then we came out with the Boss Pop. We have a whole line of pops with a whole bunch of our celebrity collabs. Then we also did the Belair Pop.”

Manny told me he smokes with Rick Ross whenever he sees him. Given the name of the company, High Tolerance, I had to ask Manny who had the Higher Tolerance between him and Rick Ross.

“I think I still take the vote for that,” Manny said. “Just because I do concentrates and stuff but he really doesn’t do that.”

Manny said that High Tolerance has some other projects in the works that the people should keep an eye out for. They’re coming out with a tobacco line including leaf wraps, cigars, grabba and whole leaf. They have more celebrity collaboration strains in the works, the specifics of which he could not share with me just yet, but from what he teased it’s some pretty big names involved. They’re also launching a line of flower called Fly Girl Flower which will be in collectible packaging that resembles Birkin Bags.

On top of all that, High Tolerance is getting into the music business, a natural transition given the number of cannabis collaborations they have with rappers. As aforementioned, one of those collaborations is with Jim Jones. Manny said High Tolerance Records is releasing a song by the artist Low Key featuring Jim Jones. Other artists signed to High Tolerance records include Ace, Killa Brand and Yomel.

The post Recreational Rapper Weed: The Rick Ross Interview appeared first on High Times.



source https://hightimes.com/culture/recreational-rapper-weed-the-rick-ross-interview/

New Study Reveals THC Potency Inflation in Colorado Weed

A majority of cannabis flower products purchased at licensed retail pot shops in Colorado contained less THC than indicated on the label, according to a study performed by a researcher at the University of Colorado Boulder. The study showed that THC levels indicated on the label of approximately 70% of products tested were at least 15% higher than those reported by a third-party lab after purchase.

The research was conducted by Anna Schwabe, an associate lecture professor of modern cannabis science at the University of Colorado Boulder. To complete the study, Scwabe collected 23 cannabis flower samples from 10 licensed dispensaries located across the northern Colorado Front Range, which includes the cities of Denver, Fort Collins and Garden City. 

The samples represented 12 different cannabis strains including sativas, indicas and hybrids, with different THC potency levels reported on the product packaging. Some THC potency levels were reported as a range from 12.8%-19.3% on the lower end and 28.07%-31.28% on the higher limit, while others were reported as a single value such as 16.4% or 17.4%.

After the samples were collected, they were sent to an independent laboratory for analysis using high-performance liquid chromatography (HPLC), which separates, identifies and quantifies the different chemical compounds contained in a mixture. HPLC is the most commonly used method in cannabis testing to determine cannabis potency and detect contaminants, making it an important tool to ensure consumers that products have been tested for safety, purity and potency.

A comparison of lab testing results revealed that approximately 70% of the samples had reported THC levels that were at least 15% higher than the levels determined by the independent laboratory.

“Among the 23 flower samples analyzed, 18 displayed lower THC levels than reported – with 16 falling below 15% of the stated value, 13 falling below 30% of the reported THC and three samples falling below half of the reported THC,” Schwabe wrote in a report about the research published by nonprofit news source The Conversation

Four of the samples were within the range indicated on the label, while only one product contained more THC than the potency level reported on the packaging. 

Schwabe noted that the lower THC values determined through independent lab testing were not due to degradation, adding that THC can degrade to the cannabinoid CBN (cannabinol) over time. However, CBN was not detected in measurable amounts in the samples, and additional testing showed that THC levels were stable over time.

The research also revealed a significant increase in cannabis potency over the last 15 years, a period that includes the 2014 legalization of recreational cannabis in Colorado.

“THC levels averaged 9.75% back in 2009, based on testing of DEA-seized cannabis flower. Today, levels reportedly surpass 35%, though they’re not as common as consumers have been led to believe,” Schwabe wrote in her report. “DEA-seized cannabis flower averaged 13.88% in 2019, which is closer to my observed mean of 14.98% than the reported mean of my samples, which was 20.27%-24.10%.”

The research did not determine who is responsible for the misinformation found in reported cannabis potency levels. Cannabis cultivators or dispensaries could be selecting the best flowers to submit for laboratory testing. Although regulations require tests to be performed on a random sample of a batch of cannabis flowers, oversight to enforce the guidelines is lacking.

The inaccuracy in cannabis potency labeling could also be the result of fraud. Cannabis testing labs could be manipulating the testing process or doctoring the numbers indicated on certificates of analysis to ensure repeat business or gain new clients, the author of the study noted.

Schwabe noted that accurate lab testing of cannabis potency is important for medical marijuana patients who may want to carefully control their dose of THC. Proper potency testing is also significant for consumers who purchase recreational weed because companies can charge higher prices for cannabis with high levels of THC.

Schwabe, who is also a board member for the nonprofit Agricultural Genomics Foundation, said that the cannabis industry should focus on educating “consumers on how to make more informed choices by looking beyond mere THC percentages.” 

“People generally do not shop for wine or beer based on alcohol content,” the researcher wrote. “Instead of focusing on THC content, a novice cannabis consumer might consider brands that are reputable or strains that have an aroma or flavor profile they enjoy. Eventually, they may move on to find a favorite breeder or grower, or a trusted dispensary that employs a knowledgeable budtender.”

The post New Study Reveals THC Potency Inflation in Colorado Weed appeared first on High Times.



source https://hightimes.com/study/new-study-reveals-thc-potency-inflation-in-colorado-weed/

Tuesday, March 26, 2024

Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%

A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for products like candy and soda, as well as services such as pet care and grooming, but most importantly, adding a 100% tax to CBD and hemp products.

Legislative Bill 388 was recently passed by the Nebraska Legislature’s Revenue Committee on March 21 in a seven to 10 vote. The bill was initially introduced by Sen. Lou Ann Linehan in January, who is also the chair of the Revenue Committee. “Sales tax exemptions will be removed on pop and candy, on pet services, on advertising revenue over $1 billion dollars, increased taxes on games of skill to 20%, and lottery tickets,” Linehan wrote in an outline. “Taxes on cigarettes will increase from 63 cents to one dollar and on vaping by 20%. We are going to tax hemp and CBD at 100%. This will result in new revenue of $182 million dollars.”

Overall, Linehan estimated that this would allow approximately $560 million in property tax credit funds that would be granted to schools, providing $3,000 per student in foundational aid. It would also create $650 million in property tax relief. The outline also describes “essentials” such as electricity, natural gas, or propane, as things that should not be taxed. “We are in a time of great revenue growth,” the outline concluded. “We have the revenues to pay for this now and for the foreseeable future.”

These proposals have created a rift among Nebraskan legislators. Gov. Jim Pillen approved the committee’s work on approving the bill so it can proceed to the floor for debate. “I want to congratulate the members of the Revenue Committee on advancing historic and transformational property tax relief and reform out of committee on a 7-0 vote,” Pillen said in a statement. “Thank you for delivering once in a lifetime transformational property tax relief plan to all Nebraskans.”

Many others, such as Sen. Julie Slama, expressed shock regarding the CBD and hemp tax increase. “I’m 100% opposed to LB-388, which is the largest tax increase in Nebraska history,” Slama said.

John Gage, state director of Americans for Prosperity, criticized the bill. “There’s nothing innovative about raising taxes on Nebraskans. This bill does not solve our property tax problem and will result in a higher tax bill for hardworking families,” Gage said, according to KETV. “This is the kind of big government nonsense you expect in California, not Nebraska. Legislators will be held accountable if they choose to vote for the largest tax increase in state history.”

Platte Institute CEO Jim Vokal called LB-388 a bad tax policy. “In recent years, the legislature has repeatedly succeeded and shown the best path to lowering taxes is to constrain all sources of revenue and spending growth,” said Vokal. “Such constraints need to be imposed upon local governments. We believe that constraining state and local revenue and spending growth is the best path forward rather than raising new sales tax revenues to lower property tax revenues.”

Cannabis is illegal in Nebraska, although sales of hemp-derived cannabinoid products continue to thrive. In January, Legislature Bill 199 was introduced by Sen. Teresa Ibach which, if passed, would ban the sale, possession, and consumption of such products. “While a product could be advertised as delta-8 or delta-10, these products could—and most likely do—contain chemicals, compounds and other impurities that are not listed on the label,” Ibach explained.

Meanwhile, advocates with Nebraskans for Medical Marijuana (NMM) are hard at work collecting signatures to qualify their medical cannabis initiative for the 2024 ballot later this year. The group needs to collect signatures from 7% of voters in the state and 5% of voters in 38 of the state’s 98 counties (with approximately 125,000 raw signatures in total) by July 3.

As of March 15, NMM said on social media that it has collected more than 72,000 signatures from voters in nearly all Nebraska counties (with the exception of Grant, Keya Paha, McPherson, Sheridan, and Wheeler). NMM has attempted to get medical cannabis legalized since 2020. Back then, they only collected 14,212 signatures in three qualified counties, followed by 16,328 signatures in four counties in 2022. 

Recent polling conducted by the Neilan Strategy Group in February revealed that 70% of participants want to see medical cannabis legalization. “Nebraskans are clearly ready to legalize medical marijuana,” the Neilan Strategy Group stated.

NMM held its own poll in 2022 and found that 80% of participants said they approved of medical cannabis legalization. “Nebraskans are obviously ready to legalize medicinal cannabis,” said NMM campaign manager Crista Eggers, who explained how excited advocates are to be making so much progress this year. “We’re very excited about where we’re at. This time, we’re going to get it done or it is not going to happen,” Eggers said.

The post Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100% appeared first on High Times.



source https://hightimes.com/news/nebraska-bill-aims-to-increase-taxes-on-cbd-hemp-products-by-100/

2024 U.S. Cannabis Sales Projected To Exceed $31 Billion

Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research. 

The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and adult-use cannabis will total $31.4 in 2024. The forecasted amount is an increase of $2.6 billion from 2023, representing a growth rate of 9.14% year over year.

The projection notes that legal sales of cannabis have been suppressed since the end of the COVID-19 pandemic, citing changes in consumer purchasing power, higher interest rates and delayed implementation of regulations in new markets as challenges facing the industry. Despite these factors, overall cannabis growth has remained positive. Legal cannabis sales declined in 10 states, however, an indication that new markets are needed for the industry to continue to grow.

Beau Whitney, chief economist at Whitney Economics, said that the new projection builds on a similar market analysis completed by the company last year.

“We are quite proud of our predictive analytics that resulted in last year’s forecast versus actuals being 98.3% accurate,” Whitney said in a statement about the new projection. “Although there are uncertainties in the near-term outlook, demand for legal cannabis in the U.S. will remain strong throughout the decade, with growth coming from newer markets.”

Regulatory Changes Needed For Continued Growth

The forecast projecting continued growth of regulated cannabis sales was welcomed by executives in the cannabis industry. Some noted, however, that the industry’s continued growth will depend on regulatory changes that permit cannabis businesses to operate like those in any other sector, including engaging in interstate commerce and access to banking services.

David Craig, chief marketing officer of Missouri licensed cannabis producer Illicit Gardens, said “It should be clear by now that cannabis isn’t going anywhere.”

“If the federal government is going to drag its feet on descheduling, then it’s up for the states to take the lead in removing regulatory hurdles to operators, especially multi-state ones,” Craig wrote in an email. “What most outside the industry don’t realize is the extreme burden operating without uniform standards across legal states.”

“It’s time for a coalition of states to come together and standardize the basics: packaging and labeling requirements, compliance fundamentals, marketing, and other restrictions,” he added. “Operating even in two contiguous states right now is practically the same as operating in two different countries. Resolving those disparities is an easy win for business and government alike.”

Sarah Carter, communications director at Symple Seeds, said that it is “fantastic to see the continued growth of the legal cannabis industry.” 

“This significant increase of $2.6 billion from the previous year underscores the momentum and potential within the market.” Carter wrote in an email to High Times. “However, amidst this success, it’s crucial to acknowledge the persistent challenge of limited access to banking for cannabis businesses. This obstacle not only hinders the industry’s ability to operate efficiently but also poses risks in terms of safety and transparency.”

Legislation that would allow businesses in the regulated cannabis industry to access traditional banking services has been passed in the U.S. House of Representatives more than half a dozen times in recent years. An updated version of the bill, known as the Secure and Fair Enforcement Regulation Act is pending before the U.S. Senate. In a statement last fall, Majority Leader Chuck Schumer of New York said that he intends “to bring the SAFER Banking Act to the Senate floor with all due speed.”

“Addressing this banking issue is paramount for unlocking the full potential of the cannabis sector,” said Carter. “With proper access to banking services, businesses can streamline operations, improve financial transparency, and foster greater investor confidence. Moreover, it would facilitate responsible business practices and compliance with regulatory requirements.”

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source https://hightimes.com/news/2024-u-s-cannabis-sales-projected-to-exceed-31-billion/