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Illinois releases 2023 Annual Cannabis Report

Illinois News Joint

Friday, the Illinois Department of Financial & Professional Regulation (IDFPR) released its Annual Cannabis Report for fiscal year 2023. The 20-page report included a summary, 2023 accomplishments, goals for fiscal year 2024, and several charts and statistics.

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IRC ยง 280E is a Target for Cannabis Legal Reform in 2023

Canna Law Blog

Will we see tax reform in 2023 for cannabis sellers? Now that it’s dead and gone (for now), the industry may take some tiny hope in the fact that Republican House Representative Nancy Mace is back again with some cannabis legislation. IRC 280E is devastating for the cannabis industry. Even if Rep.

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Cultivera Announces Upcoming Expansion of B2B Marketplace, Cultivera Market

Cannabis Law Report

Seattle, Washington, April 11, 2023 – For the first time since launch, Cultivera’s B2B marketplace, Cultivera Market, will soon be available for licenses not using Cultivera Pro seed-to-sale software.

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Illinois cannabis oversight bills move forward

Illinois News Joint

Four Illinois House bills involving cannabis oversight and regulations were assigned to the Executive Committee February 28, 2023. The four Illinois House bills include HB1436 (Cannabis-Oversight Commission), HB2430 (Cannabis Reg-Nursery Licenses), HB2522 (Cannabis-Delivery Licenses), and HB3921 (Miscellaneous Cannabis Regulations).

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Europeโ€™s Cannabis-Friendly Hotspots Could Trigger an Economic Shiftย 

Veriheal

This is the projected figure for Europe’s cannabis market by 2027, based on recent estimates published by Prohibition Partners. this year, and with cannabis in the picture, the outcome could be even better. In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. billion for the economy.

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IMMEDIATE ATTENTION: Michigan Cannabis Licensees Face Imminent Loss of METRC

Dykema (Cannabis Law Blog)

On February 27, 2023, Dykemaโ€™s Cannabis Industry Group was contacted by the Michigan Cannabis Regulatory Agency (โ€œCRAโ€) about possible immediate suspensions of METRC user accounts. METRC operates a seed-to-sale tracking software and accurate compliance and reporting in the software is mandatory by all licensees.

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Bad News for Intoxicating Hemp Products

Canna Law Blog

In my June 2023 post, I concluded that even if there are good arguments for THCA’s legality, practically speaking law enforcement was likely to consider THCA in calculating total THC, given the fact that THCA converts to THC upon application of heat. Let’s take a look.

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