Remove 2014 Remove Collective Remove Oil Remove Seed-To-Sale
article thumbnail

The Status of Cannabis Legalization in the South

Cannabis Law Report

Although there is no excise tax on medical cannabis, there is a medical cannabis special privilege tax of 4% of the gross receipts or gross proceeds derived from the sale of usable cannabis to be collected by cultivation facilities, dispensaries, or other cannabis businesses and remitted to the Department of Finance and Administration.

article thumbnail

Hemp-CBD Across State Lines: California

Canna Law Blog

A smaller but growing number of states also regulate the sale of products derived from hemp. The next year, the federal Agricultural Act of 2014 (or “2014 Farm Bill”) was passed. After the 2014 Farm Bill was passed, on June 6, 2014, then-California Attorney General (and current 2020 U.S. Hemp Cultivation.

Hemp 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Dentons Cannabis Practice Are Now Publishing A Regular Roundup

Cannabis Law Report

In this week’s edition: Oregon Legislative Assembly passes bill allowing interstate transfers of cannabis, subject to certain limitations, in the event of a federal policy change. Nevada law and California bill propose regulations relating to industrial hemp products, including CBD. Alabama Governor Kay Ivey (R) signed S.B.

article thumbnail

Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

Also during those years, California allowed the collective or cooperative cultivation of marijuana for medicinal purposes. Deductions. All taxpayers – including “drug traffickers” – pay tax only on their gross income, which is equal to the excess of their gross receipts over their cost of goods sold (“COGS”). Deduction v.

article thumbnail

A Hidden Origin Story of the CBD Craze

SMPL

Ringo said he would sell his seeds for as little as $5.). They sat in a circle at a house in the hills a few hours north of San Francisco — where wine country becomes weed country — to discuss the therapeutic potential of CBD, and how to get people to take it seriously. And with this group, finally, it seemed to be coming together.

CBD 40
article thumbnail

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

Cannabis Law Report

Microcap Daily has been reporting on the Company for years; in 2014 the outlet noted highlights such as making “a highly explosive move up with the rest of the sector” and its “spectacular run.” 26 with approximately 10,000 hemp seeds planted in a single day. OTCMKTS: HEMP).”. The article also highlights Hemp, Inc. s reporting status.

Hemp 59
article thumbnail

Cannabis Sustainability: Scope and Solutions

Cannabis Law Report

The designation has been around since 2014 and certifies a range of products and services based on their sustainability practices. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT. C annabis S ustainability: SCOPE and SOLUTIONS.