Marijuana Business Magazine November December 2018

WA OR ● ■ NV AZ MT WY NM ND SD ID UT NE KS OK TX MN WI IA MO IL IN MI OH PA NY KY WV VA TN NC SC GA AL MS AR LA FL CT MA RI VT NH ME NJ MD DC CO ● ■ ● ■ DE AK ■ HI - States that have passed medical marijuana laws - States that have passed both medical marijuana & recreational cannabis laws - States with operating medical marijuana dispensaries - States with planned medical marijuana dispensaries - States with operating recreational marijuana shops - States with planned recreational marijuana shops Note: This map does not include states that have legalized only CBD-based oils. Medical marijuana dispensaries in Nevada started early recreational sales in July but licensed rec shops have not yet opened. ■ ■ ● ◆ ■ ✶ © 2018 Marijuana Business Daily, a division of Anne Holland Ventures. All rights reserved. Data is current as of Oct 14, 2018. ● ● ● ● ● ● ● ● ◆ ◆ ◆ ◆ ● ✶ ● ● ● ● ● ● ● ■ ● ✶ ● ◆ ● ● ● CA ● ■ ◆ State News Developments Alaska Applicants for cannabis business permits in Alaska could be forced to wait up to five months for their paperwork to be reviewed, despite a state statute stipulating that permits should be granted in roughly 90 days. The wait time for licenses has increased since the first round was approved in June 2016, with the lag time occasionally stretching to more than a year. Erika McConnell, the executive director of the state’s Alcohol and Marijuana Control Office, wrote in a report the agency is understaffed and employees are spending an “inordinate amount of time” working with applicants who are sometimes “resistant” to advice. California Gov. Jerry Brown vetoed a bill that would have given a tax break to all licensed marijuana businesses, dealing a setback to MJ companies hoping to reduce their state tax bills. The measure would have allowed licensed cannabis companies to take tax deductions under the state Personal Income Tax Law and came with an estimated price tag to the state of $13 million per $1 billion in retail cannabis sales, according to an analysis by the state Senate Appropriations Committee. “Given the cost to the General Fund, this proposal is best evaluated as part of the budget process,” Brown wrote in his veto message. 22 • Marijuana Business Magazine • November/December 2018