Cannabis Law Report

JANUARY 9, 2022

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). local sales tax on adult-use cannabis and has collected $237.5 Colorado (pop. of the population enrolled.

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SpeedWeed

MARCH 6, 2021

More than $341 million in adult-use marijuana sales were reported for fiscal year 2020. For the state’s 2020 fiscal year, this means each eligible municipality and county will receive around $28,000 for every licensed retail store or microbusiness. Read more at Crain’s Detroit Business ]. The remaining $12.5

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The Blunt Truth

MAY 21, 2020

Although much of his criticism centers around a call for research into women and minority-owned businesses, it seems unlikely that cannabis banking will be part of any final legislation. Among their concerns is the use of cash, which could place consumers and business owners in greater risk of exposure to the virus. and finally.

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Cannabis Law Report

OCTOBER 25, 2021

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. According to a report shared with the Oakland Cannabis Commission on Oct.

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Cannabis Life Network

MARCH 18, 2020

The post Fire & Flower moving exclusively to Click-and-Collect Service only, COVID-19 Store Closures appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.

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Cannabis Law Report

JUNE 4, 2022

California’s business tax collector is ramping up enforcement against unlicensed and licensed cannabis companies, which owe the state nearly $200 million in unpaid taxes. In particular, the CDTFA has launched raids and auctioned off seized properties as part of heightened efforts to collect unpaid taxes and rein in underground operators.

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The Blunt Truth

APRIL 23, 2020

The lack of funding for marijuana businesses in the stimulus packages, the halt to state legalization efforts, the issues surrounding Massachusetts (yes, those continue), even Mexico’s decision to legalize cannabis – all are caused or colored by the coronavirus. breaking news. breaking news. See text of bill here.

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Veriheal

AUGUST 31, 2020

Add onto that the difficulty of these unprecedented times, as a minority-owned business, we’re making it our priority to pay it forward and invest in the future leaders of cannabis who will break barriers and pave the way for innovation in this burgeoning industry. . Veriheal’s Innovation in Cannabis Scholarship 2020 Winners .

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Otherside Farms

OCTOBER 13, 2019

Good news to cannabis enthusiasts as Illinois becomes a legal market for marijuana come 2020 with the passing of House Bill 1438, the state of Illinois has moved to having legal recreational, adult-use cannabis. In 2020, “ craft growers ” will be able to apply for licenses to cultivate up to 5,000 square feet.

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Cannabis Law Report

AUGUST 4, 2021

The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.

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Canna Law Blog

NOVEMBER 9, 2019

While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).

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Cannabis Law Report

JANUARY 24, 2020

2020 Colorado Cannabis Laws Update . As the industry has developed, dispensaries have matured from stereotypical “ganja-centric” to now, where it’s difficult to tell the difference between a cannabusiness and any other business. . I understand different cultural sensitivities, but Denver’s lack of these businesses so far is puzzling.

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The Blunt Truth

MARCH 19, 2020

The recently approved NFL collective bargaining agreement eliminates suspensions for positive marijuana tests. It’s a measure of how much times have changed that dispensaries, once unthinkable in a country that viewed marijuana as “Reefer Madness,” are now considered essential businesses. See you next week!

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Cannabis Law Report

JUNE 2, 2021

On November 29, 2020 , the Applicant exercised its option under the agreement to require Nova to purchase the assets of the store for $1.0 This news release contains forward-looking statements or information (collectively “ forward-looking statements “) within the meaning of applicable securities legislation.

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Cannabis Law Report

JANUARY 9, 2019

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

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The Blunt Truth

JUNE 30, 2022

Meanwhile, in Nebraska, signature collecting continues for a ballot initiative. With each new Congress comes a new introduction of this bill that would allow cannabis businesses to use the banking system. A 2020 drive gathered sufficient signatures, but was deemed to contain more than one subject and tossed off the ballot.

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Cannabis Law Report

OCTOBER 5, 2019

On January 1, 2020, the California Consumer Privacy Act (CCPA), a consumer-friendly privacy law inspired by the European Union’s General Data Protection Regulation, is set to take effect. This suggests that the Legislature anticipates passing an employer-specific information privacy law in 2020.

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NORML

MAY 19, 2020

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

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Greenspoon Marder Cannabis Law Group Blog

JANUARY 6, 2020

We hope we turn out to be wrong, but 2020 could be the year of litigation for hemp derived products, especially including FDA regulated CBD products and companies with California customers. Effective January 3, 2020, the Office of Environmental Health Hazard Assessment is adding cannabis (marijuana) smoke and ? Jessica Wasserman.

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Cannabis Law Report

JUNE 28, 2021

Q4 2020. $. Q4 2020 Change. $. Q4 2020 Change. %. Revenue increased to $4.182 million in the first quarter of 2021, as compared to $1.657 million in the fourth quarter of 2020, representing a 153% increase. in the fourth quarter of 2020. Q1 2021 to. Q1 2021 to. Gross Profit. Gross Margin %. – (0.9)%.

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Cannabis Law Report

DECEMBER 23, 2019

Here’s a look back at 2019 and a projection of what’s to come in 2020 Cannabis Law. . It was further announced by the DCR that by Spring 2019, delivery applications were expected to be released, however, we have not seen the ability to apply for delivery just yet and are looking forward to that in 2020. . As of Jan.

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Cannabis Law Report

DECEMBER 3, 2019

At its upcoming meeting Tuesday, the Long Beach City Council will consider the fiscal and jobs effects of reducing tax rates for some of the city’s cannabis businesses. The study excludes cannabis retailers because such businesses are relatively over-represented in the city, projected to account for 71% of city revenues in 2020, or about $3.2

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Illinois News Joint

MAY 15, 2023

Further, the survey results are used to learn what barriers exist in the industry that would create challenges for anyone to enter the business market and to identify methods for reducing or eliminating any of those barriers. CROO surveyed the industry in both 2020 and 2021. Your time and input are very much appreciated.”

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Veriheal

FEBRUARY 3, 2021

The cannabis industry has been busy over the last couple of years, which only makes sense considering the fact that it is becoming increasingly decriminalized and legalized all over the world. The post Veriheal’s Favorite Cannabis Research Studies of 2020 appeared first on Cannabis Central.

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Cannabis Law Report

APRIL 13, 2022

Although the Budget includes the usual categories of expenditures we have come to expect from Albany, it also introduces certain tax-related measures, some of which are certain to be welcomed by the general business community, and a few that may be meaningful to certain industries. Challenges.

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Cannabis Law Report

JANUARY 10, 2020

BVI news reports………While government is making moves to have medicinal marijuana become a revenue-generating measure for the BVI, Minister responsible for Health and Social Development Carvin Malone wants to make it clear that “government has not entered the marijuana business”. Premier Andrew Fahie.

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Cannabis Law Report

DECEMBER 31, 2021

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sproutly Canada, Inc. NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES. per Settlement Share. (CSE: per Settlement Share.

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SpeedWeed

AUGUST 16, 2021

The NFL players, through the holding company, shared a fractionalized ownership interest in the cultivation business with other Genetixs company members. In sum, the cultivation business, Genetixs, operated by the man Jones and White installed as the grow house’s chairman, is now suing the players and others involved in the business.

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Cannabis Law Report

JULY 7, 2021

As you recall, 280e allows cannabis licensees in Missouri to deduct standard business expenses from the Missouri state tax return. For Missouri cannabis businesses, this could be a five to six figure savings annually if it becomes law. . Economic Impact Medical marijuana businesses just began opening in mid to late 2020.

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Cannabis Law Report

AUGUST 3, 2021

billion in 2020 to $7.6 “While the original ‘business-to-business’ application anticipates licensing the database to researchers, practitioners, and developers in the psychedelics field, the YMI application targets the far broader consumer mHealth market.” compound annual growth rate from $2.8

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Cannabis Law Report

FEBRUARY 26, 2020

Significant challenges are likely on the way for California marijuana businesses this year. Yet another tax hike? Full story at. California Marijuana Notebook: Tax issues loom high on the agenda for state’s cannabis industry.

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Canna Law Blog

FEBRUARY 24, 2020

Last November, proponents (Decriminalize California) submitted the California Psilocybin Decriminalization Initiative 2020 , which seeks to “decriminalize psychedelic mushrooms in California by submitting a citizens initiative to be placed on the ballot for the November 3, 2020 election, to the Office of the Attorney General.”

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SpeedWeed

AUGUST 16, 2021

The NFL players, through the holding company, shared a fractionalized ownership interest in the cultivation business with other Genetixs company members. In sum, the cultivation business, Genetixs, operated by the man Jones and White installed as the grow house’s chairman, is now suing the players and others involved in the business.

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Cannabis Law Report

OCTOBER 24, 2021

Do you own a business that sells marijuana-derived products? The remaining seven regions, namely CT, MT, NY, NJ, NM, VT, and VA, don’t collect any taxes on the sale and purchase of cannabis products. For instance, in 2020, the two states collected total tax amounts of $387 million and $474 million respectively.

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Cannabis Law Report

SEPTEMBER 10, 2021

Department of Veterans Affairs (VA) announced in June 2020 that Tele-Health “VA Video Connect” appointments increased by 1,000% between February and May of 2020. ” The U.S. The Pandemic has clearly accelerated the consumer adoption curve of Tele-Health. ” “It is both life-saving and life-changing.”

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SpeedWeed

MARCH 8, 2021

Alaska officials are pressing a criminal case against two associated cannabis businesses that are accused of falsifying business records, misusing pesticides, pesticide pollution and reckless endangerment.

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The Blunt Truth

AUGUST 18, 2023

If you’ve not been following this saga, South Dakota legalized adult-use via ballot initiative in 2020. The AG has released a final summary of that, so those backing the measure can begin collecting signatures. There are three (count ’em three ) measures at play now. First is a measure that would legalize adult-use.

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