News Fix: Software Startups Take Over, Florida Moves Closer To Legalizing Smokable Medical Marijuana

Now to the News Fix!

Cannabis

We might have to start a blog to keep up with all the weed news. There were dozens of stories that caught our eye. Here are the six stories that really stood out to us…

Marijuana sales in Colorado grew 3% last year to around $1.55 billion. And marijuana tax revenue increased by about 8% to more than $266.5 million (CNBC).

Florida is one step closer to legalizing the smoking of medical marijuana. Two committees in the Florida legislature – one in the House and one in the Senate – approved measures that would permit medical marijuana patients to smoke cannabis. Governor Ron DeSantis ran (in part) on making Florida’s medical marijuana market more consumer- and business-friendly. And after his January inauguration, he told the legislature to pass legislation ending the smoking ban or he’d do it through the courts. It looks like the legislature is cooperating (Orlando Sentinel).

Giant mall owner Simon Property Group is partnering with a cannabis company, Green Growth Brands, to open 108 stores selling CBD (cannabidiol) products. CBD is a naturally occurring ingredient in marijuana and hemp. CBD delivers some of the health benefits of marijuana without the “high” normally associated with the plant (CNBC).

Illinois’ industrial real estate market is heating up in advance of the state’s expected move to legalize recreational marijuana. Medical marijuana is already legal there (The Real Deal).

The Fix isn’t sure why Arizona is ground zero for medical marijuana court cases. But we’ve got another one for you. This time, a judge ruled (rightly) that Walmart can’t fire an employee for having marijuana in their system if the employee has a medical marijuana card (The Hill).

For a sign of just how far legalizing marijuana has come as a political issue, look no further than Democratic presidential candidate Kamala Harris. In 2010, she opposed legislation that would legalize marijuana in California. This week, she came out in favor of legalizing it at the federal level (CNN).

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