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Weekly Legislative Roundup 2/22

NORML

New Jersey lawmakers have come to an agreement with Governor Murphy regarding retail marijuana tax rates, settling on charging sales tax by weight as opposed to a specific percentage. Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law.

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Cannacurio Podcast Episode 31 with Lewis Koski of Metrc

SpeedWeed

In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss speak with Lews Koski, Chief Operating Officer of Metrc , a leading seed-to-sale track-and-trace technology company for the cannabis and hemp industries. Press the Play button below to watch and listen to the podcast. ?

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Just desserts: The Cookies and Cakes family genealogy

SpeedWeed

Now for the headliner: Cookies and Cakes! Why do people wait two hours in line to spend $70 on an eighth-ounce of weed—in the middle of a pandemic? Easy: the Cookies strain of cannabis transcends mere genetics—it’s a lifestyle. In less than 90 minutes, guys in crisp, white sneakers and basketball shorts bought up all the pricey, designer weed.

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Lawsuit Alleges Secret Cash Payments. By Colorado CBD Company CEO, Kashif Shan

Cannabis Law Report

By Teri Buhl. A wholesale CBD oil company, called Folium Biosciences, is being accused of siphoning off cash to its founder Kashif Shan and another top executive in a lawsuit filed this week in Colorado state court. Kashif Shan. The accusation comes while Shan is courting potential outside buyers for the company.

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Hemp, Inc. Announces Microcap Daily Article Names Company Among ‘Most Active’ in Small Caps

Cannabis Law Report

26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In

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California: Which Set of Books?

Cannabis Law Report

of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.

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Meritas Law Firms Worldwide Article: Global Cannabis Industry: The Essential Primer

Cannabis Law Report

As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state.

Law 40