Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Cannabis Law Report

JULY 1, 2022

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.

Supply Chain 52

Supply Chain Legislation Collective Retail 52

Canna Law Blog

NOVEMBER 18, 2022

Realistically, the license application process won’t start until Spring of 2023. Here are the big takeaways from the preview, broken down by license type : Cultivation License. The regulations create 5 tiers of cultivation licenses that are differentiated by light source. Cannabis Collective (Co-op). Processing License.

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Cultivation Dispensary Retail Packaging 73

Illinois News Joint

JANUARY 10, 2023

The Aurora Cannabis Club, small collective of cannabis growers/companies and enthusiasts, started April 20, 2021. We have both been involved with cannabis cultivation for years and wanted to create an environment for local growers, enthusiasts, med patients and anybody else who wants to learn about cultivation,” Ryan said.

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Canna Law Blog

NOVEMBER 16, 2022

County plans to allow the following businesses in in its borders in 2023: 25 retail. 10 cultivation (indoor or mixed light only). Cultivation : $7/sf of canopy (indoor artificial light). $4/sf Cultivation : $10/sf of canopy (indoor artificial light). $7/sf Back in August, I wrote about the cannabis tax measure in L.A.

Retail 80

Retail Cultivation Business Programs 80

Veriheal

MAY 4, 2023

These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. at the end of 2020. billion) by 2027. million patients by 2027.

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Seed-To-Sale Supply Chain Recreational Hash 86

Illinois News Joint

MAY 25, 2023

The added language states, “In addition to any other transfers that may be provided for by law, on July 1, 2023, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $40,000,000 from the Compassionate Use of Medical Cannabis Fund to the Cannabis Business Development Fund.”

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Research and Development Conditions Cannabis Business 98

Cannabis Law Report

MAY 13, 2022

Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022. Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. In addition, the Governor’s budget proposal includes a one-time allocation of $20.5

Supply Chain 52

Supply Chain Collective Retail Programs 52

Veriheal

JUNE 12, 2023

Jason MacLean isn’t new to cannabis cultivation and genetic breading. He has been immersed within the cannabis community in Denver for over 15 years, working as a horticulturist and cultivator. And he also led the efforts that granted Cherry the Best Wholesale Cultivation award in the 2021 Best of Denver awards.

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Veriheal

FEBRUARY 17, 2022

Rather, the avid cannabis supporter stated that a January 2023 deadline would be more feasible to ensure that Wyoming’s legalization initiatives face a fair vote at the 2024 ballot. Cultivation would also be allowed, so long as it is cultivated for personal use and does not exceed the limit of eight mature plants.

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Decriminalization Legislation Cultivation Cannabis 98

Veriheal

JANUARY 12, 2023

This idyllic overseas collectivity of France is famous for its water-floating bungalow hotels, mountainous backdrops, and plunging waterfalls. Based on the new law, which 33 government members voted on, hemp and cannabis cultivation will fall within the framework of regulations under the International Narcotics Drugs convention.

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Medicine Chronic Pain Consumption Cannabis 95

Canna Law Blog

JANUARY 6, 2023

Under state law, CDTFA collected both a cultivation tax and an excise tax. These taxes were not collected from cultivators and retailers as one would expect, but instead from middle-men distributors, making collection and reporting a huge mess. In 2022, that all changed when the state adopted tax reforms.

Collective 73

Collective Hemp Cannabis Programs 73

Cannabis Law Report

SEPTEMBER 23, 2022

That is three times the amount the state collected in 2018. “In In fiscal year 2021 , the Alaska Department of Revenue collected $30 million in marijuana taxes, three-times the amount collected in 2018. “In The state charges a $50 per ounce excise tax on marijuana sales from warehouses to retailer.

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Recreational Marijuana Collective Retail 52

Cannabis Law Report

AUGUST 15, 2022

As the construction of Phase 1 of our Illinois cultivation and production facility nears completion, we are looking to expand our retail footprint in the state over the coming months in preparation for that facility to commence operations in 2023.”. “We Q2 2022 Financial Overview. Systemwide Pro Forma Revenue for Q2 2022 was $34.5

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Cannabis Law Report

SEPTEMBER 22, 2022

Oneida Indian Nation Homelands (September 19, 2022) – The Oneida Indian Nation will start construction next month on a full-scale, 50,000-square-foot cannabis cultivation and production facility. Retail locations, which will be announced at a later date and located exclusively on Nation lands, are projected to open in late 2023.

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Seed-To-Sale Safety Education Compliance 52

Cannabis Law Report

DECEMBER 8, 2021

It emerges from the 2018-2023 coalition agreement that legislation on recreational cannabis will be drafted ( 2018-2023 Coalition Agreement ) . On the one hand, it is proposed that adults should be able to legally cultivate for personal consumption up to four cannabis plants per household from seeds. Project modalities.

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Recreational Seed-To-Sale Consumption Events 52

Medicinal Genomics

JANUARY 10, 2024

Since then, CannMed has transformed into an industry event that attracts the brightest minds in cannabis science, medicine, cultivation, and safety testing. In 2023, CannMed transformed into an Innovation and Investment Summit held at the J.W. Marriott Marco Island Beach Resort, Marco Island, FL.

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Cannabis Law Report

DECEMBER 16, 2021

Uber Canada announced its partnership with Tokyo Smoke, a cannabis retailer, to offer ordering in the cannabis category from Tokyo Smoke’s flower collection on the Uber Eats app. 1, 2023, under the new law. doing business as Silver State Cultivation, for allegedly failing to properly remit tax payments. Harborside Inc.,

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Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

DECEMBER 13, 2021

Million Square Foot Cultivation Facility. million square feet cultivation facility currently under renovation in Camarillo, California (the “SoCal Facility”) and for general corporate purposes. Non-Dilutive Capital to Fund Phased Retrofit of 5.5 LONG BEACH, Calif. and TORONTO , Dec.

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Cannabis Law Report

DECEMBER 21, 2021

As part of the transaction Organigram intends to invest at least $7 million in growth capital expenditures at Laurentian to drive cultivation growth, expand processing and storage space and to invest in automation all of which should increase sales growth and improve margins. TSX: OGI and NASDAQ: OGI), the parent company of Organigram Inc.

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Hash Events Cultivation Business 52

Cannabis Law Report

APRIL 12, 2022

For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). After July 1, 2023, all provisional license renewals will require a demonstration of CEQA compliance. 714-424-8257. ENDNOTES. [1]

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Compliance Compliance Programs Cannabis 52

Veriheal

OCTOBER 20, 2023

While most studies focus on specific product niches and their projected growth, the 2023 Cannabis Global Price Index (23′ CGPI) offered a unique look at the cost of cannabis globally. According to the CFAH “Cannabis consumption figures were collected from the World Health Organization.” Where Is the Most Cannabis Consumed?

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Data Consumption Cannabis Legalization 113

Cannabis Law Report

JUNE 7, 2021

per RWB Share until May 12, 2023. The raise includes an investment of US $11,337,834 from certain strategic investors (collectively, the “ Investors ”) directly into RWB Florida (the “ Investment Transaction ”). Each Warrant is exercisable to acquire one additional common share (each a “ RWB Share ”) at a price of CDN $1.15

Supply Chain 75

Supply Chain Events Business Access 75

Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024. Home cultivation products.

Legislation 52

Legislation Packaging Edibles Concentrates 52

Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024. Home cultivation products.

Legislation 52

Legislation Packaging Edibles Concentrates 52

Cannabis Law Report

JUNE 30, 2021

Long-term Cultivation Expansion to 6 Million ft 2 of State-of-the-Art Greenhouse Represents by Far the Largest Capacity of Any Cannabis Operator in the U.S. Expansive cultivation, retail and wholesale footprint: Cultivation: . million ft 2 by 2023. ” and “GLAS.WT.U”, ”, respectively.

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Retail Cultivation Cannabis Business 98

Cannabis Law Report

NOVEMBER 17, 2021

Acquisition Includes Three Retail Dispensaries, a Cultivation Facility and a Product Manufacturing Facility. together with its subsidiaries and affiliated companies (collectively, “NuLeaf”), a Nevada-based vertically integrated operator, for total consideration of up to US$62.5 NuLeaf’s Cultivation and Product Manufacturing Facilities.

Dispensary 52

Dispensary Wellness and Beauty Retail Cultivation 52

SpeedWeed

MARCH 26, 2021

And while business applications for mushroom health practitioners won’t be accepted until early 2023, one drug education collective is getting a head start on providing fellow Oregonians with the information they need to enter into this brave new era informed.

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Therapy Education Legalization Media 52

Meadow

DECEMBER 24, 2017

I don’t really know, as Hezekiah was alluding to on the collective question, people have to have their come-to-Jesus moment. And so cultivators and even retailers are going to have to make a decision of whether they want to sell to both markets. And so the larger question of what happens to these businesses, do they stop operating?

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Packaging Retail Edibles Wellness and Beauty 40

Cannabis Law Report

NOVEMBER 9, 2021

million of interest savings in 2022, and these new term loans will effectively extend the amortization period of the Crown Capital facility, which has a “bullet” maturity in May 2023. DCM has been selected to provided tech-enabled marketing support to a leading multi-state operator of cannabis cultivation and retail locations in the U.S.

Data 52

Data Business Supply Chain Banking 52

Veriheal

DECEMBER 14, 2021

.” In the event that the campaign is featured on the 2022 ballot and successfully voted on, state residents would be able to legally use and buy recreational cannabis in Arkansas by February 2023. Arkansas’ Cannabis Legalization Initiative. ” However, specific details have not yet been released.

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Research and Development Collective Recreational Consumption 104

Cannabis Law Report

MARCH 3, 2020

is preparing 80+ acres, of the 500 acres, for hemp cultivation. He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. billion through 2023, according to the Brightfield Group. While Hemp, Inc.

Hemp 59

Hemp Seed-To-Sale Education Research and Development 59

Cannabis Law Report

NOVEMBER 15, 2021

For example, if in fiscal year 2023 cannabis flower’s removal price is $50 per pound (454 grams), cannabis businesses would pay $1.50 In addition to impacting prices, interstate commerce will make tax collection more complicated for all states, but several states could be uniquely exposed to the effects of federal reform.

Retail 52

Retail Treatment THC Business 52

SpeedWeed

SEPTEMBER 14, 2021

2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. As of Sept.

Cultivation 82

Cultivation Supply Chain Cannabis Business 82

SpeedWeed

SEPTEMBER 13, 2021

2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018.

Education 77

Education Supply Chain Cannabis Business 77

SpeedWeed

SEPTEMBER 13, 2021

2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018.

Supply Chain 76

Supply Chain Business Advocacy Legislation 76

SpeedWeed

SEPTEMBER 11, 2021

2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018.

Law 52

Law Supply Chain Cannabis Business 52