Earlier this year, the governor of Montana signed House Bill 701 into law, setting the stage for Montana to launch a recreational cannabis market in January 2022. Sponsored by Republican Representative Mike Hopkins, the legislation allowed the sale of adult-use cannabis in counties that had voted in favor of the legalization initiative to adults 21 and older and charged the state Department of Revenue with developing administrative rules and issuing recreational cannabis business licenses. However, two proposed rules by the department drew the ire of industry stakeholders who claimed that the rules were not correct interpretations of the legalization bill.
Officials from the Department of Revenue have informed the Revenue Interim Committee that they have listened to several comments from individuals who are unsatisfied with…
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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 synonymous 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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