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Missouri Will Vote on Cannabis Legalization this November, Vermont Begins Accepting Cannabis Business License Applications, and July Was New Mexico’s Biggest Cannabis Sales Month Since Adult-Use Launched

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Missouri Will Vote on Cannabis Legalization this November

In May, advocate group Legal Missouri 2022 submitted around 400,000 signatures to get their cannabis legalization initiative on the ballot in November. The group was required to get a minimum number of signatures in six of the state’s eight congressional districts to get their measure on the ballot. Initially, it appeared that they were coming up short on signatures in two key districts. Today, Secretary of State Jay Ashcroft announced that the legalization campaign submitted enough valid signatures to get the initiative on the ballot. Legal Missouri 2022’s measure would allow adults 21 and older in the state to legally purchase and possess up to three ounces of cannabis. It would also create a regulatory framework for the industry. Recent polling suggests that the majority of Missouri voters are in favor of such reform. 

Vermont Begins Accepting Cannabis Business License Applications

All varieties of cannabis businesses can now begin applying for licenses in the state of Vermont. According to the Vermont Cannabis Control Board’s website, the application window opened for retailers on August 1st, a month earlier than officials had anticipated. Growers were able to start applying for licenses in April, at least two testing labs were licensed in June, and manufacturers were able to apply for licenses as of July 1st. Adult-use cannabis sales are scheduled to begin on October 1st and thus far, approximately 200 businesses have pre-qualified for some type of cannabis license. 

July Was New Mexico’s Biggest Cannabis Sales Month Since Adult-Use Launched

New Mexico launched its adult-use cannabis market in April of this year. July was the biggest sales month the state has seen so far. In July, cannabis retailers in the state sold a total of $40.3 million in cannabis products, with $23 million of that total coming from recreational cannabis. Before this, April was New Mexico’s biggest sales month, with a total of $39 million. In a press release, Governor Michelle Lujan Grisham said of the sales figures, “These numbers show that the impressive sales generated in the first month of legalized recreational cannabis sales were no fluke – and this is only the beginning.”