If the deal goes through, it will give Diddy nine retail stores and three production facilities in New York, Massachusetts, and Illinois. ![]() How do you lock up communities of people, break down their family structure, their futures, and then legalize it and make sure those same people don’t get a chance to benefit or resurrect their lives from it?” 2 In a recent Wall Street Journal article, P. 1 Combs said he wanted to enter the cannabis industry to help address the inequities that have seen minorities disproportionately imprisoned for cannabis related crimes. Diddy” Combs announced a deal that would make him the owner of the largest minority owned cannabis company in the world. As a trusted name in the community, Bloom Medicinals is dedicated to facilitating a seamless transition into the new age of legal recreational cannabis.In honor of February being Black History month, we would like to take the time to shine a light on a few successful Black Americans making a positive impact on their communities and the cannabis industry.įor example, a few months ago Sean “P. Our commitment to serving Ohio residents shines through as we ensure access to both high-quality products and essential information, aligning with Ohio’s legal advancements. With our locations in Akron, Columbus, Maumee, Painesville, and Seven Mile, we’re not just a provider of medical cannabis products we’re a resource for those navigating the evolving cannabis landscape.Īt Bloom Medicinals, we offer assistance in obtaining and renewing medical cannabis cards, a crucial service for patients during this period of anticipation for recreational sales. Getting Ready for Recreational Cannabis in OhioĪs Ohio transitions into its new era of cannabis legislation, dispensaries like Bloom Medicinals are pivotal in guiding the community through these changes. The Ohio House and Senate have yet to reconvene and agree on the final legislation, which could further delay the implementation of these laws.Ohio Governor Mike DeWine has shown support for these changes, emphasizing the need to balance the practical challenges of implementing the program while respecting the will of the voters.Governor’s Support and Legislative Process: The Ohio Department of Commerce has the authority to issue licenses, but sales might not start until well into the year.Despite these legislative changes, there is currently no legal avenue for purchasing recreational marijuana in Ohio at this moment.Sets THC content limits for extracts and imposes new rules on transporting and storing cannabis.Allocates funds from marijuana tax revenue to various programs including law enforcement training, substance misuse treatment, and more.Increases the marijuana excise tax to 15% and allows local governments to add up to a 3% tax.Eliminates the social equity revenue fund and redirects significant portions of revenue toward law enforcement training.Introduces a reimbursement process for expungements of certain cannabis convictions.Prohibits sharing marijuana between adults.Permits existing medical cannabis dispensaries to serve adult-use consumers within 90 days of enactment.Legalizes possession of marijuana only from retailers or home-cultivated products.Limits homegrown marijuana to six plants per household, down from the 12 allowed by Issue 2.Includes restrictions on public smoking and advertising, similar to tobacco and alcohol products. ![]() Redirects tax revenue from social equity programs to counties for funding equity grants and a job placement program.Imposes a new 10% tax on cultivators’ gross receipts, in addition to the original 10% excise tax on sales.Prohibits sharing marijuana, including home-grown cannabis, between adults. ![]()
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