Tag: legal weed

Rhode Island, Maryland, and Missouri Legalize Adult-Use Cannabis in 2022

By: Colene King

2022 has been another banner year for the ongoing fight to end marijuana prohibition in the United States. The list of legal states just keeps growing, with three states joining in on the movement this year. Rhode Island started off the year with signing the legislation to legalize the personal use and sale of marijuana to adults 21 and over. Then, last month’s primary election welcomed the two newest states to legalize the adult-use of marijuana for 21 and over. On November 8th voters in Arkansas, Maryland, Missouri, North Dakota, and South Dakota took to the polls to decide on their state’s future of legal cannabis for adults. Of the 5 states, 2 of them passed the initiative! We would like to congratulate the residents of Rhode Island, Maryland, and Missouri on becoming the 19th , 20th , and 21st states to legalize adult-use marijuana in the US. 2022 has shown great progress for our country’s future of legal marijuana for all Americans.  

Rhode Island kicked off the year with signing the legalization legislation in May, seeing their first adult-use cannabis sales on December 1st. Nearly 85% of the municipalities in the small state opted in for legal sales, one of the highest in the country. ‘The Ocean State’ is projected to see $80 million in sales within the first year and $300 million by their fourth year. (Casacchia, 2022)

Maryland passed the referendum with 66% of voters in support of legalization. Voters were asked a simple question on their November 8th ballot “Do you favor the legalization of the use of cannabis by an individual who is at least 21 years of age on or after July 1st, 2023, in the state of Maryland?” (Jaeger, 2022) Beginning July 1st of 2023, Marylanders who are 21 and over will legally be able to consume, possess, and grow marijuana. The state is projected to generate as much as $600 million in its first year as a legal market and possibly reaching $1 billion by its fourth year. (Roberts, 2022)

In Missouri, the bill passed with a much closer margin, 53% to 47% in favor of legalization. This makes the ‘Show-Me State’ the 21st state to legalize cannabis. Some projections suggest sales could reach as high as $550 million in the first year, and potentially as high as $800 million – $900 million by the fourth year. (MJBizDaily Staff, 2022) Beginning December 8th, existing cannabis companies can start applying to switch their business to adult-use. The applications must be reviewed and responded to within sixty days of submission in accordance with legislation. In short,  Missouri could log their first adult-use marijuana sales as early as February of 2023.

Before any state can start selling the product to the public, they have to build a regulated market. Sometimes, creating these regulations can take years for states to agree upon; sometimes, it will only take a few months. The deciding factor is dependent upon how motivated the state is to begin receiving tax revenue from legal sales.

One of the highest priority items for any cannabis operator to consider is ‘how to secure an establishment. Every state requires the creation, adaptation, installation, and maintenance of a security plan: protecting staff & customers as well as securing product & cash are of the utmost importance.

A security plan should:

  • Detect, delay, and deter burglaries
  • Protect employees, customers, product, equipment, and cash
  • Protect against natural disasters
  • Deter against theft of cash and product
  • Prevent internal diversion
  • Be scalable – able to expand with the business

We offer many solutions to help safeguard an operation from potential loss of assets: Bullet rated glass, modular vaults and doors, DEA compliant safes and cages, cash management systems, just to name a few. 

  • Cash management systems enable retailers to reduce loss and optimize in-store labor. These systems are easily adaptable to existing POS systems and surveillance cameras –  promoting end-to-end security.

Our modular vaults and vault doors are perfect for new construction but are also able to be retrofit into existing buildings. These modular vaults are available at a fraction of the cost of poured concrete vaults. Protect your high valued product and cash with one of our modular vault systems. https://www.klsecurity.com/products/vaults-and-doors.html

  • These cages are designed and built to meet DEA physical security requirements. They can be customized to your facility and tailored to an existing security system. With locking doors, self-closers, and access control locks, these secure cages will keep your product safe.

The legalization of marijuana is widely gaining momentum across the country. The majority of Americans are in agreement. According to a study done by Pew Research Center in October, 88% of Americans believe that marijuana should be legal for medical and recreational use by adults (59%) or that it should be legal for medical use only (30%). (GREEN, 2022) This means that only 1 in 10 Americans believe marijuana should remain illegal.

Source: Pew Research Center survey of U.S. adults conducted Oct. 10-16, 2022

Now is the opportune time to assemble your security plan. Let our experts help you. KL Security focuses on facility security – vaults, cages, cash management safes, high security safes, etc.


Sources:

https://mjbizdaily.com/rhode-island-set-to-launch-recreational-cannabis-market-thursday-dec-1/

https://www.pewresearch.org/fact-tank/2022/11/22/americans-overwhelmingly-say-marijuana-should-be-legal-for-medical-or-recreational-use/

https://www.marijuanamoment.net/maryland-voters-approve-marijuana-legalization-referendum-on-ballot/

https://mjbizdaily.com/missouri-could-begin-recreational-marijuana-sales-by-early-february/

https://mjbizdaily.com/us-marijuana-election-wins-maryland-missouri-but-losses-

The Cannabis Countdown in Illinois

Today is New Year’s Eve, and many Illinois residents have a big reason to celebrate in 2020.

In less than 24 hours, marijuana will be legal to purchase for recreational use. Residents and businesses are gearing up for the historic occasion.

 

Some Illinois dispensaries are planning to open as early as 6am; others have rented out coffee shops to keep customers warm and happy, and one store will be using a paging system to notify customers when to return to make purchases.

 

Chicago Sun Times Interactive Map on where to buy weed in Illinois:

https://chicago.suntimes.com/cannabis/2019/12/27/21030851/recreational-marijuana-cannabis-legal-weed-jan-1-illinois-brighton-park

 

There is, however, one lingering concern in the back of everyone’s mind: will the supply be able to satiate demand? Politicians and experts actually agree that the answer is a resounding, “NO”.  Medical marijuana patients have inventory concerns, but priority has been given to patients over recreational customers. Stores must maintain a certain amount of product exclusively for medical patients.

 

The efficiency (or lack thereof) of this roll out could affect how and when marijuana is legalized in the surrounding areas. Kentucky is discussing medical marijuana next year, and Indiana has already begun decriminalization efforts to combat the flow of product in from Illinois & Michigan. Tomorrow is a historic day for the Midwest, and neighbors to Illinois will be watching carefully.

 

Leaders in the Illinois cannabis market depend on a holistic security plan that is designed to maintain compliance, meet regulatory standards, and optimize business operations. How are you handling Exhibit H & Exhibit J of your license application?

 

Information has been gathered from sources deemed reliable but not guaranteed and is subject to change without notice.

 

Schuba, Tom. 2019, December 16. Pro-pot lawmakers warn of supply shortage, vow to prioritize weed sales to medical patients. Chicago Sun-Times. Retrieved from: https://chicago.suntimes.com/cannabis/2019/12/16/21024768/pot-illinois-supply-shortage-legal-weed-sales-medical-marijuana

 

 

Schuba, Tom. 2019, December 27. Long lines, limited supply and only 9 places to shop: Here’s what to expect in Chicago when weed becomes legal Jan. 1. Chicago Sun-Times. Retrieved from: https://chicago.suntimes.com/cannabis/2019/12/27/21030851/recreational-marijuana-cannabis-legal-weed-jan-1-illinois-brighton-park

 

 

Adult Use Marijuana Sales Begin in Michigan

Cannabis is legal in Michigan and up and running with retail dispensaries as of December 1, 2019

The recreational market began legally in Ann Arbor, Michigan on December 1, 2019. As of right now, this is the only city with any licensed recreational stores in the state.

At 10:00am, licensees were able to transfer product from medical inventory to recreational inventory for sale. The transferable product must be within a licensee’s inventory for a minimum of 30 days and may not exceed 50% of total product type available. The thinking is that this will help move product that medicinal patients have elected not to purchase, and the amount limitation will preserve product for medicinal patients over recreational consumers (1). This consideration is important, but foresight was definitely lacking within the licensing process. Especially since industry members have been expressing concerns over product shortages for months (2).

 

Marijuana regulatory agencies (nationwide) have failed to tap experts’ knowledge and assistance when formulating guidelines or planning processes. Anyone with a basic knowledge of economics could explain that product is required to supply demand. Within Michigan’s licensing process, they failed to license growers prior to retailers. It takes roughly four months for marijuana to be ready from seed to sale. Licensees were processed and approved on a first-come first-served basis for all types (2).

 

Any burgeoning industry will experience growing pains as they initiate implementation, but the recreational market in Michigan is not expected to be functioning at full capacity for at least another calendar year. This shortage of product in Michigan has driven the price of marijuana to roughly $4,000 per pound, four times the price as Colorado (2).

 

This is an historic occasion for the normalization and legalization of marijuana. Michigan is the first in the Midwest to legalize marijuana for recreational use, and will be a litmus test for neighboring states such as Illinois, Ohio, Indiana, Iowa and others as to how they frame their regulations in the future.

For retail dispensaries and cannabis facilities seeking security planning or architectural plans and programming, please visit Total Harvest Coverage

(1) Adult-Use Marijuana Transfer Window Opens Sunday in Michigan https://www.michigan.gov/lara/0,4601,7-154-89334_79571_79784-513379–,00.html
(2) Beggin, Riley. “Why easy access to recreational marijuana is taking so long in Michigan.” Bridge Magazine. November 25, 2019. https://www.bridgemi.com/michigan-government/why-easy-access-recreational-marijuana-taking-so-long-michigan