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Mexico Misses Legal Cannabis Deadline (newsletter: May 4, 2021)

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LA House votes to legalize medical marijuana flower; NY legalization revenue projection; IL sees record sales; Study: Cannabis consumers aren’t lazy

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Before you dig into today’s cannabis news, I wanted you to know you can keep this resource free and published daily by subscribing to Marijuana Moment on Patreon. We’re a small independent publication diving deep into the cannabis world and rely on readers like you to keep going. Join us at https://www.patreon.com/marijuanamoment / TOP THINGS TO KNOW Mexican lawmakers missed the Supreme Court’s deadline to legalize marijuana by April 30, and they didn’t ask for another extension. Now there is talk about a special session after June’s elections—but the court could issue a new ruling striking down criminalization in the meantime. The Louisiana House of Representatives voted to legalize medical cannabis flower under the state’s existing limited program. The body also advanced a bill to prepare for broader recreational marijuana legalization as well as separate hemp regulation legislation. A new analysis by New York’s state comptroller projects that legalizing marijuana will generate $245 million in annual revenue by fiscal year 2024-2025. The Illinois Department of Financial and Professional Regulation reported that marijuana sales set another monthly record in April, with nearly 2.5 million cannabis items purchased—worth almost $115 million.

Source: https://www.marijuanamoment.net/mexico-misses-legal-cannabis-deadline-newsletter-may-4-2021/

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