DeSantis doubles down

MINNESOTA
The current and future state of the Minnesota cannabis industry

The interesting and unique role Minnesota is playing in the industry is undeniable. 

The state is a leader in the normalization of THC beverages, and is poised for a successful full adult-use market. The future looks bright in Minnesota.

(Don’t take it from us, read this: Minnesota could be a great cannabis state from the Canna Law Blog.)

Because we want to provide the most useful, insightful, and timely information to our Cultivated audience, we’ve partnered with the Minnesota Marijuana Association and Vicente LLP on a webinar next Thursday, September 12th at Noon Central titled:

Minnesota Cannabis: Understanding the market today and tomorrow
Thursday, September 12
Noon Central
LinkedIn

The webinar will take place on LinkedIn and you can register with one click of your mouse.

“I have seen too many lives ruined by the simple possession of small amounts of marijuana. Aggressive, unfair marijuana laws hurt too many people and destroy too many lives,” Florida State Sen. Bobby Powell Jr., a Democrat, said in a statement endorsing Amendment 3.

“I proudly endorse Amendment 3, a measure to allow adults to consume or possess limited amounts of marijuana — a right that over half of America now already enjoys.”

DeSantis doubles down 🦩
Despite Former President Donald Trump’s support for Amendment 3, Florida Gov. Ron DeSantis still opposes the measure to legalize cannabis, he said on X. The ballot initiative is currently polling higher than the 60% supermajority needed to pass. 

Licensing ramps up in Kentucky 🥃
Kentucky’s Office of Medical cannabis received more than 2,000 applications before the application closed Saturday, ahead of October’s drawing. Kentucky legalized medical cannabis last year.

SPONSORED BY MJ REIT
Investing in cannabis can be hard (but it doesn’t have to be)

If you read Cultivated Daily on a regular basis, you know that the cannabis industry is poised for growth. The combination of new state markets opening up, the trajectory of rescheduling, and perhaps even cannabis banking reform, the sector is on the verge.

But, investing in cannabis can be a rocky road. The ups and downs of the market make for many restless days and nights. 

Accredited investors have another option: investing in cannabis real estate.

Introducing MJ REIT.

MJ REIT aims to provide investors with above market income coupled with stability by investing in commercial real estate where the owner of that property has a cannabis tenant. 

So, if you’re interested in learning more about MJ REIT, follow them on LinkedIn or learn more on their website.

Canadian cannabis firm Organigram closed the second round of funding from British American Tobacco. BAT announced the total $125 million in funding last year, to look into cannabis opportunities through a partnership called Jupiter.

A new study published in the journal Clinical Psychology found that CBD — contrary to popular belief — can actually heighten the high associated with THC.

Will Tilburg, the director of the Maryland Cannabis Administration, will leave his job on December 4. The state is looking for his replacement, reports Maryland Matters.

Trump’s green wave: How shift on marijuana could put him over the line in three key swing states | New York Post

US cannabis brands embrace international expansion opportunities | MJ Biz Daily

Bowing to public opinion, Trump and Harris both agree that marijuana should be legal | Reason

It’s High Time: The NFL needs to apologize to Ricky Williams for all the cannabis drama | Miami New Times