Cannabis Industry on the Rise: Legalization in Minnesota, Vermont, and NYC
Today, February 22nd, 2023 marks a monumental day in Minnesota history. After the House committees approved the bill to legalize cannabis for adults ages 21 and up, the Senate Bill 211 has struck marijuana from the state’s criminal code, and provides oversight regulating its cultivation, sale, and product labeling. House Bill 360 also legalizes the possession and use of cannabis for persons over the age of 21 in Minnesota.
Mendon Venture Partners, a venture capital investment firm focused on the intersection of innovative technology and traditional banks, recently made an investment in Green Check, a company that has been expanding the regional expansion of the legal cannabis industry and increasing number of financial institutions seeking to service the ballooning universe of cannabis-related businesses.[0]
Additionally, research presented at The Pregnancy Meeting, the annual meeting of the Society for Maternal-Fetal Medicine, found a relationship between early pregnancy use of exogenous cannabis and placentally mediated adverse pregnancy outcomes.[1]
The state of Vermont has also taken notice of the cannabis industry and its impact. An official Vermont government website has released a cautionary statement regarding cannabis operations in the United States, and Washington's bill only covers drug tests before hiring. On-site consumption permits and cannabis delivery services are also permitted under the bill.[2]
The first NYC cannabis dispensary has opened in the Queen City, with a ribbon cutting ceremony on February 21st, 2023.[3] One year on from the legalization of marijuana for people aged 21 and over in the state, a launch has been carried out, which is anticipated to bring about one of the most lucrative cannabis markets in the nation.
With the cannabis industry on the rise, dial-in numbers, replays, and webcasts have been released to inform the public on the latest news. The High Country Cannabis (Derby) and the Pitfalls of Cannabis Operations are two of the many topics that can be found on the official website.
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0. “Cannabis Banking Technology Leader Green Check Verified Raises …” www.businesswire.com, 24 Feb. 2023, https://www.businesswire.com/news/home/20230222006024/en/Cannabis-Banking-Technology-Leader-Green-Check-Verified-Raises-6-Million-in-a-Series-A-Led-By-Mendon-Venture-Partners
1. “Early Pregnancy Cannabis Exposure Tied to Adverse Pregnancy …” www.channel3000.com, 24 Feb. 2023, https://www.channel3000.com/news/health/early-pregnancy-cannabis-exposure-tied-to-adverse-pregnancy-outcomes/article_529be2a0-82ae-5254-97a7-13cd85f74f2a.html
2. “Cannabis regulations proposed ahead of legalization deadline …” cnsmaryland.org, 24 Feb. 2023, https://cnsmaryland.org/2023/02/03/cannabis-regulations-proposed-ahead-of-legalization-deadline/
3. “Cannabis News | Cannabis Blog | Herban Creative” herbancreativenj.com, 24 Feb. 2023, https://herbancreativenj.com/cannabis-news
