The Weekly Roll - January 3rd 2025
Jan 03, 2025
Happy Friday!
Happy New Year everyone and welcome back to The Weekly Roll. I hope everyone had a wonderful holiday season and is ready to attack 2025. This week we’re taking a look at how three different states start the new year in very different positions. Take a look below to see what’s going on this week:
Kentucky Officially Open : After the lottery for business licenses last month, Kentuckians can register as medical patients as of New Year's Day. Like most cannabis rollouts, there is lots of excitement amongst lawmakers and citizens for the new cannabis market, but no shortage of controversy. Two interesting points are that Kentucky’s dispensaries are only available for Kentucky residents. This is interesting because usually, a state that borders non-legal states sees a huge influx of business and tax revenue from out-of-state customers, which Kentucky has decided to pass on. Also of note, it seems as though Kentuckians who currently hold gun licenses will not be able to become medical cannabis patients. Article
Is Oklahoma Reeling or Finding Equilibrium? : When Oklahoma opened up its legal cannabis market six years ago, it had one of the easiest and least limited licensing processes of any state. Heading into 2025, the state has seen a decline in total cannabis business licenses of one-third from 8,700 to 5,800. Of that number, just over half of the licenses belong to cultivators and about 1,800 are for dispensaries. Oklahoma’s history has provided a cautionary tale for new states that are trying to decide whether a limited or more open approach leads to a healthy market. Article
Interesting Number : $50. The decrease in the average price per ounce of cannabis in Ohio over just a four-month span. A price decrease shouldn’t come as a huge surprise since this trend coincides with the recently opened recreational market. At the end of August, the average price of an ounce was $261.50 which dropped all the way to $211 heading into December. This is being driven mostly by the recreational side of the market, which accounts for roughly twice the number of transactions since opening up in the late summer. Articles
Public Domain Day 2025 : A fresh new crop of various art from visual to music to literature just entered the public domain on New Year’s Day a.k.a. Public Domain Day. Notable artists include Matisse, Robert Capa, and Frida Kahlo who all died in 1954. Pieces enter the public domain either 95 years after publishing (if published before 1978) or 70 years after the artist's life in the US, UK, and most European countries. Other notable pieces to enter the public domain this year are Tintin and Popeye, both published in 1929 for the first time. Article
Looking forward to an amazing 2025!
Aidan