420 with CNW - D.C. Mayor Seems to be Setting the Stage for Marijuana Sales

(NetworkNewsWire via Comtex)

On May 17, the mayor of Washington D.C. released a budget plan for the 2021 fiscal year, and it may have positive implications for the city's medical marijuana program. Based on language included in the plan, it looks like the local government is preparing to implement regulations for medical marijuana sales as soon as Congress Okays it. Although low level possession and home cultivation has been legal for adults over 21 since a ballot measure was passed in 2014, the local government has been unable to add a legal sales component due to Congressional interference.

In the budget plan for the 2021 fiscal year, Mayor Muriel Bowser proposes to shift regulators' and licensing responsibilities for Washington City's current medical marijuana program from the Department of Health to the Alcoholic Beverage Regulation Administration [ABRA]. In addition, the budget also calls for the 'establishment of a non-lapsing Medical Cannabis Administration to collect funds received from medical cannabis licensing, permitting and regulating fees. According to a fiscal impact statement, the mayor's plan would transfer $360,000 in local funds, $600,000 in special purpose revenue and six full time...


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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern - our tribute to the time synonymousThis plan is part of the anti-narcotics agency's annual quota for the production of controlled substances that will be used for the scientific, medical, research and industrial needs of the U.S. The quota also includes the amounts of controlled substances that are needed to address the lawful export needs of the country as well as with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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