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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Changes in regulations can have ripple effects throughout the industry, impacting supply chains, investment strategies, and consumer access to medical cannabis products.

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Navigating the Legal Landscape in a Distressed Cannabis Industry

MJ Business Attorneys

Factors that negatively affect profitability in the cannabis industry include federal prohibition, state regulatory structures, taxes and lack of access to financial services. One example of an expensive regulatory demand is in security compliance. Excessive and ambiguous state regulations also abound across the cannabis industry.

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The Parent Company Expands California Retail Footprint

Cannabis Law Report

million people and a cannabis retailer density of approximately one store for every 194k people in the region. The 3,250 square foot dispensary is one of only ten stores in the West Hollywood area that is licensed for both delivery and storefront retail. With more than 3.6 ” Mr. . ” Mr. . million , comprised of $8.5

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What the Extreme Drop in Wholesale Prices Means for the Cannabis Industry

MJ Business Attorneys

It’s also become clear that lowering retail prices does not lead to an increase in demand. As large operators with access to capital, they are well-positioned to not simply weather the current market conditions, but also to take advantage by adding industry assets relatively cheaply.

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Cannabis Compliance Companies Join Forces To Further Safe Practices Within Industry

Cannabis Law Report

.–(BUSINESS WIRE)–Cannabis compliance consulting firms Allay Consulting , iComply Cannabis , GMP Collective and TraceTrust today announced the formation of the Cannabis Compliance Alliance , a collaborative group created to put the cannabis industry on the same footing as mainstream business sectors. About TraceTrust.

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.

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How Does Cannabis Legalization Impact Health, Equity, and Economy in Michigan?

MMJ Recs

Legalization may offer expanded access to medical cannabis for patients suffering from various conditions, providing alternative treatment options and symptom relief. However, challenges remain in ensuring equitable access to participation in the legal cannabis market and addressing disparities in ownership and representation.