New York has $750m worth of Cannabis Stockpiled that Growers can’t Sell. Word to Those States Leaning Legal.

Story by E Helmore,

New York, NY November 19, 2022

Cannabis farmers have ‘an unclear path to market’ as the state has yet to approve retail dispensaries.

A strong smell of weed hangs over many New York neighborhoods, the result in part of cannabis decriminalization in 2019 – but cannabis growers in the state are at an impasse when it comes to getting their crops to market.

Photograph: Mary Altaffer/AP© Provided by The Guardian

Almost 300,000 pounds of the drug, worth as much as $750 Million, from last summer’s production at 200 state-licensed farms are stockpiled, without a place to be sold and in danger of deteriorating, according to a report said on Saturday.

Distribution issues are to blame. Although the New York City has vape shops selling marijuana and CBD products on almost every street, and there are mobile weed vans on Times Square, New York’s office of cannabis management , has just approved regulations regarding retail sales/after Legislation signed back in March 2021. WORD TO NEW STATE LEGISLATION. BE A PATIENT BUT BE PATIENT.

New York regulators have approved the first round of retail licenses that will kick off the legal adult-use cannabis market in the state.

The Office of Cannabis Management (OCM)

TAKING BOLD ACTIONS TO ENCOURAGE SOCIAL JUSTICE, PUBLIC HEALTH AND ECONOMIC DEVELOPMENT IN THE LIVES OF ALL NEW YORKERS

Office of Cannabis Management

The Marijuana Regulation and Taxation Act creates a first in the nation comprehensive regulatory structure to oversee the licensure, cultivation, production, distribution, sale and taxation of medical, adult-use and cannabinoid hemp within New York State.

Approved the applications of 36 individual businesses and nonprofit organizations that have been granted conditional licenses to open up the first dispensaries in New York. But several issues may delay the full implementation of cannabis legislation in the state.

The OCM announced the first round of conditional licenses for 28 individuals and eight nonprofit organizations yesterday.

Not one legal recreational dispensary has opened. Last week, a federal judge handed down an injunction that blocked the state from handing out licenses in Brooklyn and areas of the Hudson Valley region after a lawsuit claimed that the state’s cannabis equity program violates the US constitution.

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Maryland and Missouri.

Alaska, Now Lighting Up

Adults 21 and over can light up in Alaska. In 2015, the northernmost US state made it legal for residents to use, possess, and transport up to an ounce of marijuana — roughly a sandwich bag full — for recreational use. The first pot shop opened for business in 2016.

Alaska has pounced on the opportunity to make its recreational-pot shops a destination for tourists. More than 2 million people visit Alaska annually and spend $2 billion.

Tuesday was a good day for stoners in Maryland and Missouri, as voters approved legalizing recreational marijuana in both places. The two states, which had already legalized medical use, join 19 other states (and D.C.) in making recreational use legal.

In Maryland, there’s a bit of a transitional period (which the Associated Press runs through here). Adult recreational marijuana use will not be legal officially until July 1, 2023, pending the General Assembly passing laws about how to appropriately distribute, regulate, and tax the plant. The Washington Post also notes that effective July 1, adults can grow up “up to two cannabis plants in their home, out of the public view.”

Past marijuana charges in Maryland will also be expunged, thanks to a companion bill passed in the spring that included both a provision to automatically expunge all cases in which possession was the sole charge. It will also allow individuals incarcerated for possession to petition for resentencing. At the time, many local politicians criticized the bill, emphasizing it would do little to nothing to prevent and reduce racial disparities and arrests in marijuana possession.

Bud was on the ballot in three other states. Voters in North Dakota, South Dakota, and Arkansas said no to the drug.

In other news, Coloradans voted on the decriminalization and regulation of psychedelic mushrooms. It’s still too close to call—with 80 percent of votes counted as of this writing, decriminalization leads 51-49 percent. Colorado would be the second state after Oregon to do so. One could say the state is leaning [looks up the color of magic mushrooms] brown?

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1. Summer 2022 - Once Again Begins Anew

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4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

Cannabis CBD and Me

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The demand for natural organic products over pharmaceuticals among customers across the globe acts as one of the major factors driving the growth of the hemp fiber market. The increase in demand for hemp fibers in various industries such as automotive, construction, food and beverage, personal care and textile, especially in emerging regions and the rise in the investment for the production of hemp-based products, is accelerating the growth in the hemp fiber market. We are just now beginning to realize the long time known for centuries along with the influence of ongoing scientific research that continually shows long term benefits of therapeutic use.

Global awareness, as it relates to the therapeutic properties of the product and the low prices of hemp, is encouraging farmers to diversify their crop options, which ultimately influences the hemp fiber market. Additionally, the increase in use for numerous food applications, the rise in the legalization in the cultivation of hemp, emerging consumer trends, the surge in the number of social media influencers, is promoting the benefits of the product, the prevalence of chronic diseases and mergers and acquisitions among key players, is positively affecting the hemp fiber market. Furthermore, research and development activities and product development are extending the profitable opportunities to the hemp fiber market players in the forecasted period from 2022 through 2028.

Global Hemp Fiber Market Rising at an Annual Rate of 6.9% Digital Journal’s recent article from Data Bridge Market Research, which claims that the global hemp fiber market is rising at an annual rate of approximately 6.9% in the forecasted period of 2022 to 2028.

Data Bridge Market Research is a multinational management consulting firm, with offices in India and Canada. The Company provides a variety of services such as market verified industry reports, technology trend analysis, formative market research, strategic consulting, vendor analysis, production and demand analysis and consumer impact studies.

Data Bridge Market Research notes that the rise in the awareness regarding the benefits of hemp is escalating the growth of the hemp fiber market. Hemp is utilized in the processing and manufacturing of various products such as paper, textile, insulation and construction material, personal care products, nutraceutical, bio-plastics and bio-fuel. Hemp is also used in food and beverage products, as it is primarily grown organically, with no use of toxic chemicals, pesticides, fertilizers or herbicides.

It is definitely an exciting time to be in the hemp market.

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Inspirational Technologies 2022

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Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment

Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

Cannabis CBD and Me

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Month: November 2022

New York has $750 Million Worth of Cannabis that Growers cannot yet Sell.

New York has $750m worth of Cannabis Stockpiled that Growers can’t Sell. Word to Those States Leaning Legal.

Inspirational Technologies 2022

For More Information on Cannabis and CBD and YOU. Click On the Following Link

Cannabis CBD and Me

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2 New States Voted to Legalize Marijuana in the 2022 Elections.

Maryland and Missouri.

Alaska, Now Lighting Up

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Global Hemp Fiber Market Rising at an Annual Rate of 6.9% YEARS after its Legalization in 2019.

Global Hemp Fiber Market Rising at an Annual Rate of 6.9% Digital Journal’s recent article from Data Bridge Market Research, which claims that the global hemp fiber market is rising at an annual rate of approximately 6.9% in the forecasted period of 2022 to 2028.

Inspirational Technologies 2022

For More Information on Cannabis and CBD and YOU. Click On the Following Link

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New York has $750m worth of Cannabis Stockpiled that Growers can’t Sell. Word to Those States Leaning Legal.

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Maryland and Missouri.

Alaska, Now Lighting Up

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