MJBizMag May-June 2022 - 26

INDUSTRY DEVELOPMENTS State by State
Massachusetts
A marijuana social equity bill passed the state Senate. The legislation would
create a fund to increase social equity in the state's marijuana industry by
helping applicants get access to capital via grants and loans. The bill now
heads to the Massachusetts House. The state Senate also passed a package
of cannabis reforms including one to reduce the exorbitant fees some
municipalities are charging licensed marijuana businesses. The measure
would give the state Cannabis Control Commission the authority to approve
or reject host community agreements, which allowed municipalities to collect
up to 3% of a company's gross sales to offset negative impacts.
Michigan
The state is backing off a plan to allow hemp-derived THC products to
be sold alongside marijuana products after Michigan's marijuana industry
complained it could not compete with hemp-derived THC. Denise Policella,
an attorney for the Cannabis Business Association of Michigan, argued that
the state " can't compete with Kentucky and North Carolina on hemp. They've
got a year-round growing season that we don't have. " Michigan passed a law
in 2021 that banned delta-8 THC from unlicensed retail stores but left the
door open for the isomer to be sold in adult-use marijuana dispensaries.
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MJBizMag May-June 2022

Table of Contents for the Digital Edition of MJBizMag May-June 2022

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