Cannabis Chronicles

JULY 1, 2019

billion in the United States in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm. To succeed, you need more than a solid business plan and ace team (though those are crucial, too). Legal weed generated $10.4

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Cannabis Law Report

JANUARY 24, 2019

California established the Medical Marijuana Program (MMP) through Senate Bill 420 (Vasconcellos, 2003) which increased access to medical cannabis for qualifed patients and primary caregivers and provided protections from prosecution for the possession and cultivation of medical cannabis. 1 1 Business and Profession Code section 26014 1.

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Cannabis Law Report

AUGUST 25, 2021

AUSTIN, Texas–(BUSINESS WIRE)– Texas Original Compassionate Cultivation (TOCC), Texas’ leading medical cannabis provider, today announced it has partnered with Vertosa, a science-first cannabis company that creates the most effective and reliable active ingredients for infused products. About Vertosa.

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Cannabis Law Report

AUGUST 27, 2021

26, 2021 (GLOBE NEWSWIRE) — Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance software platform serving the cannabis industry, announced it launched a suite of compliance solutions for cannabis businesses in Utah. DENVER, Aug.

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Cannabis Law Report

FEBRUARY 27, 2020

A Reno marijuana cultivator is suing Nevada regulators, claiming the state enforced flawed regulations, imposed excessive fines, illegally forced it to destroy inventory and dragged out a now 17-month investigation. Herbal Care LLC, which had its license suspended in September 2018, filed a lawsuit in Washoe County District Court on Feb.

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Cultivation Programs Business Cannabis 69

Peninsula Alternative Health

JANUARY 3, 2019

With the passing of the 2018 Farm Bill (also called the Agricultural Improvement Act of 2018), hemp or cannabis sativa has essentially become legal on the federal level, but there are still significant rules and regulations associated with hemp cultivation, processing, and distribution. What does this mean?

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Hemp Agriculture Programs CBD 75

SpeedWeed

MAY 18, 2021

What are investors looking for when they consider investing in cannabis businesses today, and what are the biggest mistakes companies make when trying to attract investors and secure funding? What Cannabis Business Investors Want. Other top considerations included the business plan, past performance, and future potential.

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Cannabis Law Report

AUGUST 12, 2019

Sydney startup Greenfield MC will launch a joint-venture business with US-listed company EPHS to cultivate medicinal cannabis in Australia, with Queensland’s Sunshine Coast a frontrunner for the operation. A study bankrolled by cannabis companies estimates the Asian market to be worth as much as US$5.8 billion by 2024.

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Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. Background. state and federal regulation of marijuana. percent on a dry weight basis.”

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SpeedWeed

JULY 21, 2021

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re flexible and ready to pivot.”.

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Cannabis Law Report

NOVEMBER 3, 2021

The first reading of amendments to the Chapter 50 ordinance governing the cannabis business license process in Santa Barbara County was approved Tuesday after the Board of Supervisors made some changes to the language. Valley News reports. The amendments will have to come back for a second reading and approval before becoming effective.

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Cannabis Law Report

APRIL 17, 2022

When the law first went into effect in 2018, there were licensing delays and a wave of communities enacting bans on retail sales of cannabis, which forced many cannabis businesses to close. The group drew that estimate from the website Weedmaps.com, which attempts to map every cannabis business. Black market thriving.

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Cannabis Law Report

MARCH 30, 2022

VISTA — To alleviate pressures on cannabis businesses, the City of Vista cleaned up its rules to return hundreds of dollars in overpayments back to local dispensaries, and to collect some missing fees. Cannabis business owners must pay an annual tax in order to operate in the city of Vista. Read more [link].

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Cannabis Law Report

AUGUST 26, 2022

Monopolies and oligopolies started developing years ago in the cannabis industry — not just in terms of big businesses usurping smaller businesses but also in terms of state regulations that allow vertical integration, which leads to markets dominated by one or a few players that control the cultivation, processing, and sale of cannabis products.

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Cannabis Law Report

NOVEMBER 18, 2021

CCB Issues Summary Suspension of Cultivation License. The Harvest Foundation is required to submit a plan of correction to the CCB for approval within 10 business days in order to lift the order and shall not resume operations until the CCB has confirmed deficiencies identified in the order have been corrected.

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SpeedWeed

SEPTEMBER 17, 2021

The tests ran across more than 100 licensed cannabis facilities, from August 2018 to July 2021. READ MORE: The ‘Dudders’ Case or: How Legalization Opened the Door for Cultivators to Embrace Science . The post HEXO Achieves Carbon Neutrality – Cannabis Business Times appeared first on SpeedWeed.

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Cannabis Law Report

NOVEMBER 28, 2021

UK currently imports 100% of its medical cannabis, which was legalised in 2018. Medical cannabis business Equinox International is planning to list on the London Stock Exchange to raise cash for a ‘state-of-the-art’ cultivation, extraction and production facility on a Home Office-approved 20-acre UK site.

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Cannabis Law Report

APRIL 18, 2022

Health Canada referred nearly 500 cannabis business-related cases to the Royal Canadian Mounted Police (RCMP) for possible enforcement action during the two years ending in March 2021, a major increase over fiscal year 2018-19. Here’s the introduction to the piece.

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Cannabis Law Report

APRIL 9, 2022

As of January 1, 2018, California became the latest state to join the ranks of those with legalized marijuana laws. This aims to ensure that businesses involved in the cultivation, distribution, and sale of marijuana operate legally and safely. But what does this mean for business in California?

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Cannabis Law Report

JANUARY 9, 2019

The hemp industry experienced a seismic shift with the passage of the 2018 Farm Bill: Cultivation of hemp is now federally legal, and so is hemp-derived CBD. Where are the new business opportunities? But, what does this mean for the industry? How will federal oversight by the FDA and USDA impact growers and manufacturers?Hemp

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Canna Law Blog

AUGUST 23, 2019

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.

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SpeedWeed

SEPTEMBER 17, 2021

Brodsky spent the last decade working in the cannabis industry in California and Colorado before returning home to Missouri shortly after the state legalized medical cannabis in 2018. Although, as in other new markets, supply issues have plagued Missouri’s businesses, he says. The Farmer’s Wife dispensary in Mountain Grove, Mo.

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WeedAdvisor

SEPTEMBER 26, 2019

According to CNN , the Australian capital of Canberra fully legalized possession and cultivation of recreational cannabis after a vote on September 24 th. Under the ACT’s current law, cultivating one or two cannabis plants or possessing 50g (1.76 According to CNN : “…marijuana is the country’s most widely-used illicit drug.

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SpeedWeed

AUGUST 24, 2021

It’s no secret that many of California’s legal cannabis businesses have been struggling to thrive since the state launched its first adult-use sales in 2018. The grants have funded a variety of projects, Murphy said, including business’ organic certifications, water tanks and solar panels. It covers three basic programs.”.

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Cannabis Law Report

JULY 18, 2019

Questions continue to bubble up about potential changes to state cannabis taxes to keep the current structure from hampering business in the future. Alaska voters legalized recreational marijuana use in 2014, but it took about 18 months for the first cultivators to be licensed and open their doors. million in 2018, up from about $57.5

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Cannabis Law Report

DECEMBER 23, 2021

DUBLIN–(BUSINESS WIRE)–The “The Impact Series: Industrial Hemp” report has been added to ResearchAndMarkets.com’s offering. Chinese hemp cultivation has now surpassed any other country, making China a major global supplier. Environmental benefits of hemp cultivation. ResearchAndMarkets.com.

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Hemp Cultivation Supply Chain Research and Development 52

SpeedWeed

AUGUST 23, 2021

Kerr, who served as Adelanto’s mayor from 2014 to 2018, was expected to make his initial appearance at the U.S. During the discussion, Kerr requested a change in the boundaries of the second overlay zone, which expanded the zone to include Person A’s business. District Court in Riverside the same day of his arrest.

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WeedAdvisor

SEPTEMBER 16, 2019

Now, Marijuana Business Daily reports that the country’s eligible patients will have a much easier time obtaining their medicine, along with some great national economic benefits. This includes a full breakdown of security measures, transportation procedures, cultivation and manufacturing.

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MMJ Recs

AUGUST 30, 2021

In 2018, Amendment 2 was passed, making medical marijuana in the state completely legal. Fees that are associated with cultivation, manufacturing, and dispensing medical marijuana have also been a source of revenue for the state, and range anywhere from $6,000 to upwards of $25,000. Featured image by Tiffany Cade on Unsplash.

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Cannabis Law Report

MAY 9, 2022

Public Health Minister Anutin Charnvirakul plans to offer 1 million cannabis plants for free when household cultivation and use of the plant is legalised in June. Anutin announced the move on Sunday, in a Facebook post that also outlined the separate benefits of commercial cultivation. The Nation reports 9 May.

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SpeedWeed

MARCH 23, 2021

Today, we’ll focus on picking the right place for your weed business. How to choose a place for your cannabis business in 3 steps: Determine where you’re allowed to go. Local government will play a role in determining if and how your business operates, so get to know your city managers, town council members and the zoning authority.

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Canna Law Blog

NOVEMBER 8, 2023

I’ve been representing clients in California’s cannabis industry since 2018. Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. Here’s just one example of California cultivators selling out of harvested inventory.

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Canna Law Blog

JULY 16, 2019

A friendship founded on business is a good deal better than a business founded on friendship,” said John D. Times have changed and so should the practice of cannabis businesses as demonstrated by a $4.2 Mason then spent another $672,000 to get the operation up and running by April 2018. Rockefeller.

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Cannabis Law Report

MARCH 21, 2020

In reading §280E any taxpayer would fret that income taxes would be calculated on all gross receipts! Even though §280E disallows all credits and deductions with respect to business trafficking in controlled substances, the Supreme Court has allowed us some deductions, i.e., the cost of goods sold deductions. 173 (2007)).

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Peninsula Alternative Health

JANUARY 3, 2019

With the passing of the 2018 Farm Bill (also called the Agricultural Improvement Act of 2018), hemp or cannabis sativa has essentially become legal on the federal level, but there are still significant rules and regulations associated with hemp cultivation, processing, and distribution. What does this mean?

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Cannabis Law Report

NOVEMBER 23, 2019

By virtue of an assignment agreement, EuroLife has gained the right to purchase 20% of a to-be-formed German corporate entity (“German HempCo”) of which the assets will consist of the Dresden hemp cultivation complex located near Dresden, Germany. Strategy and Downstream Value Creation.

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SpeedWeed

FEBRUARY 20, 2021

Oliver shares her personal experiences and lessons learned as a small business owner in the cannabis industry with Cannabis Business Times. RELATED: 6 Cannabis Business Lessons We Learned Too Late. I would have considered it a cost of doing business rather than a nice-to-have. I wish I knew… 1.

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