Cannabis Law Report

AUGUST 9, 2022

A dispute making its way through Canadian courts shows how cannabis companies in the United States face stiff challenges raising money to expand their operations, even as states begin regulating cannabis markets across the country in an industry projected to surpass $40 billion by 2025. The dispute at issue is Gotham Green Partners v.

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Retail Cultivation Legalization Cannabis 52

Cannabis Law Report

JULY 27, 2022

By many estimates, the global cannabis economy is expected to exceed $95B by 2025. This is by and large what we’re seeing with hemp in the United States since the passage of the 2014 and 2018 Farm Bills, mainly through the extraction of non-psychoactive cannabinoids, like cannabidiol (CBD). The third lane is wellness and food products.

Supply Chain 52

Supply Chain Pharmaceutical Policy Food 52

Veriheal

NOVEMBER 28, 2022

These new measures will take time, and it is estimated that recreational products will not be sold until 2024 or even 2025. North Dakota also voted against cannabis legalization during the 2018 Midterm Elections. ounces or less of marijuana. Starting Jan. 1, 2023, possession of marijuana will become a civil offense.

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Recreational Legislation Programs Legalization 93

Cannabis Law Report

JULY 7, 2022

In 2018 United Cannabis Corporation (“UCANN”) filed the first cannabis patent infringement lawsuit against Pure Hemp Collective, Incorporated (“Pure Hemp”) in the United States District Court of Colorado. [1] 1] In the lawsuit, UCANN asserted that Pure Hemp had infringed U.S. billion in 2019. [6].

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Collective Hemp Extraction Terpenes 52

Veriheal

JULY 11, 2022

billion by as soon as 2025. Grand View Research Inc also said that the estimated value of the New York cannabis market in 2018 was around $1.8 In 2019, a report issued by Grand View Research predicted that the New York cannabis market would be worth an estimated $7.7

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Law Packaging Recreational Cannabis 87

Cannabis Law Report

JULY 1, 2021

New Cultivation Licenses Limited To SEIAs through January 1, 2025. As you may remember, the last time the City of Los Angeles issued new cultivation licenses was in or around July 2018, during “Phase 2”. The proposed amendments to the Ordinance would make cultivation available only to SEIA through January 1, 2025.

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Cultivation Retail Compliance Compliance 64

Cannabis Law Report

MARCH 22, 2019

During the first 11 months of 2018, the medical marijuana enrollment count reached 2,000. New Frontier Data estimates that Australia could have a count nearing 330,000 by 2025. Recent initiatives have improved the registration process bringing hope to Australians. Read the article at.

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Hydroponic Data Legislation Cultivation 45

SpeedWeed

AUGUST 5, 2021

percent (based on data between 2018-2020). 2018: 111,912 acres of hemp licensed, 78,176 acres planted, (harvest data unavailable for 2018). consumers are otherwise projected to spend $121 billion on between 2020 and 2025,” New Frontier Data wrote. If a hemp crop was tested to have more than 1.0

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Hemp Legalization Data THC 52

Veriheal

JANUARY 18, 2023

In 2018, legislation was passed by the British Parliament that effectively legalized cannabinoids like CBD and CBDA. Research commissioned by the Centre for Medicinal Cannabis pinned a £1 billion valuation on the CBD market by the year 2025. Despite the law’s passing, CBD is still widely unregulated in the United Kingdom. CBD sales. .

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CBD Strains Research and Development Oil 79

Veriheal

SEPTEMBER 21, 2022

Back in 2018, Thailand became the first Asian country to permit medically prescribed cannabis. billion) by 2025—Berner decided to introduce his brand to the Southeast Asian country’s market. “We take pride in our in-house cultivation, global varieties, and a full lineup of strain-specific products.”

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Seed-To-Sale Cannabis Tincture Cultivation 76

Cannabis Law Report

JULY 28, 2021

The details surrounding the 2019 Lollapalooza death weren’t released, but the 2018 death of a 16-year-old was confirmed to be an overdose. The Brightfield Group predicts edibles will grow 20% annually through 2025, compared to flower growing 15% over the same period of time.

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Legalization Edibles Vaping Events 105

SpeedWeed

MARCH 4, 2021

billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2019 to 2025. Food processors, blenders, or grinding mills from other industries create a lot of heat during grinding, which degrades both cannabinoids and terpene content.

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Hemp Research and Development Packaging Education 52

SpeedWeed

JULY 20, 2021

billion, and increased its 2025 forecast to $44.9 Based on the latest sales data, Whitney Economics increased its 2021 forecast from $22.2 billion to $25.0 Massachusetts on pace to top $1 billion in 2021. In Massachusetts, legal cannabis sales are on pace to reach $1.2 billion in 2021, which would be roughly a 70% gain over 2020.

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Data Retail Legalization Policy 52

SpeedWeed

JULY 29, 2021

Colombian think tank Fedesarrollo sees export revenue from the cannabis industry bringing US$800 million by 2025 and hitting an average of $2.3 jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Exports Set to Skyrocket. billion in a decade hence. Job Potential.

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Seed-To-Sale Medicine Food Cannabis 52

SpeedWeed

JULY 28, 2021

Colombian think tank Fedesarrollo sees export revenue from the cannabis industry bringing US$800 million by 2025 and hitting an average of $2.3 jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Exports Set to Skyrocket. billion in a decade hence. Job Potential.

Seed-To-Sale 52

Seed-To-Sale Medicine Food Extraction 52

SpeedWeed

JULY 28, 2021

Colombian think tank Fedesarrollo sees export revenue from the cannabis industry bringing US$800 million by 2025 and hitting an average of $2.3 jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Exports Set to Skyrocket. billion in a decade hence. Job Potential.

Retail 52

Retail Seed-To-Sale Medicine Food 52

The Cannigma

MARCH 21, 2021

There is no proof that anyone has ever died of a marijuana overdose, as opposed to the 47,000 people who died of opioid overdoses in 2018 alone according to the Centers for Disease Control. tobacco industry, estimated to entail a $119 billion share of the global market by 2025. Wrong: Cannabis will kill your kids. First things first.

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Research and Development Cannabis Education Legalization 128

SpeedWeed

JULY 29, 2021

By 2025, BAT is hoping to sell $7 billion worth of “new category” products like cannabis and nicotine vapes every year. In 2018, cigarette giant Altria spent $1.8 But more than a third of the company’s revenue now comes from vaping brands like Vuse, Velo, and glo. million to 16.1

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Vaping Legalization CBD Hemp 52

Veriheal

APRIL 13, 2022

The state’s hefty cannabis taxes are strengthening the illicit market, and to make matters worse, the cannabis excise tax will increase to 15% of the average market price for all cannabis retail sales by July 1, 2025. and manufacturing taxes to 2% from 7.5%. The rule change will remain valid through 2023.

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Cultivation Business Cannabis Advocacy 74

SpeedWeed

AUGUST 24, 2021

Several months ago, the Dallas Observer reported that Texas law enforcement officers keep confiscated hemp-derived products in general, which are legal at the federal level under the 2018 Farm Bill. . The Hemp Industry Rejoices Ban Lift on Smokable Hemp. Several other states are moving in the same direction.

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Hemp Agriculture Safety CBD 52

Cannabis Law Report

JUNE 11, 2019

The model statute implements what sixty-six percent of American already favor, according to an October 2018 poll by Gallup: legalizing cannabis. cannabis market will be worth over $66 billion by 2025, but without a smart and welcoming trade policy, Americans will not see the benefits of ending prohibition.

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Legislation Policy Cannabis Patients 75

Canna Law Blog

MARCH 28, 2020

The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. billion by 2023.

Hemp 59

Hemp CBD Seed-To-Sale Pets 59

Cannabis Law Report

FEBRUARY 10, 2020

ZIMBABWE has begun harvesting its first crop of legally cultivated industrial hemp after it decriminalised cannabis in 2018 to tap into the multi-billion-dollar industry. US-based business research company, Grand View Research, expects the global legal marijuana market to reach US$66,3 billion by the end of 2025.

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Data Hemp Cultivation Collective 59

Cannabis Law Report

JANUARY 21, 2022

market is expected to reach $43 billion by 2025, according to New Frontier Data. ©2018 – 2022 Dama Financial. ” Cannabis is currently legal in 37 U.S. states and four U.S. territories. Dama is the only solution that is available in every state where cannabis is legalized. More information is available at growflow.com.

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Supply Chain Compliance Compliance Banking 52

Veriheal

AUGUST 29, 2023

In 2018, the New York cannabis market size was estimated to be around $1.8 billion by 2025. billion and is projected to be valued at $7.07 With the approval of cannabis showcases and festivals, there is no telling how high the industry’s value will go.

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Events Programs Retail Cultivation 70

SpeedWeed

JULY 29, 2021

Colombian think tank Fedesarrollo sees export revenue from the cannabis industry bringing US$800 million by 2025 and hitting an average of $2.3 jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Exports Set to Skyrocket. billion in a decade hence. Job Potential.

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Media Business Law Seed-To-Sale 52

Cannabis Law Report

OCTOBER 22, 2019

Allows cannabis businesses to claim state tax deductions and credits available to other legal businesses in the state for each taxable year beginning on or after January 1, 2020, and before January 1, 2025. Authorizes a laboratory testing cannabis or cannabis products to amend a certificate of analysis to correct minor errors.

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Research and Development Agriculture Cultivation Programs 40

Cannabis Law Report

OCTOBER 18, 2021

Since the 2018 Farm Bill loosened limitations on hemp production, you have heard a lot about hemp’s enormous economic potential. billion by 2025. MarketsandMarkets projects that the industrial hemp market will increase from $4.6 billion in 2019 to $26.6

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Hemp Oil Cultivation CBD 52

Canna Law Blog

FEBRUARY 26, 2020

The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. billion by 2023.

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Hemp CBD Pets Food 85

Cannabis Law Report

JANUARY 9, 2022

The city of Denver, for example, applies an additional 5.5% local sales tax on adult-use cannabis and has collected $237.5 million as of November 2021. Colorado State Tax Revenue from Adult-Use Cannabis 3. 46,104,922. 104,759,961. 167,157,150. 220,688,951. 243,466,892. 279,155,047. 362,027,103. 367,778,689. 1,791,138,715. 46,104,922. 104,759,961.

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Collective Policy Retail Programs 52

Otherside Farms

MARCH 5, 2020

billion by the end of 2025. Cultivate is a Leicester, Massachusetts, based recreational shop that opened back in 2018. The end to prohibition is in sight, not just in North America, but around the world and businesses are taking note. All that cash is bringing in a lot of new business, but it’s also brought a lot of regulation.

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Compliance Compliance Seed-To-Sale Cultivation 52

Cannabis Law Report

JANUARY 12, 2020

Thailand legalised medical marijuana in December 2018, making it the first country in South-East Asia to do so. billion ($96 billion) by the end of 2025. First outlawed in 1935, marijuana has reportedly been a part of traditional Thai medicine and cooking for centuries, mainly used as a versatile form of pain relief.

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Research and Development Marijuana Agriculture Medicine 59

Cannabis Law Report

JULY 16, 2021

billion in 2025 at a CAGR of 8%. Organic soft drink companies are coming up with new CBD drinks especially in the USA, owing to the USA farm bill in 2018 that supports the companies to sell CBD beverages. The market is expected to reach $7.43 Sati organics is selling CBD infused soda in 3 flavours.

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CBD Hemp Food Environment 98

Cannabis Law Report

JULY 28, 2022

billion by 2025. To the south, the US has generally had to play catch up with Canadian legislation, where cannabis was legalised in 2018. Moreover, if the UK were to legalise cannabis – with recreational sales starting in 2024 – this would bring the market’s size to more than £1 billion in the UK alone.

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Legislation CBD Media Recreational 52

Cannabis Law Report

AUGUST 14, 2019

billion by 2025, according to market research firms. In 2018 alone, industry analysts reported legal cannabis revenues reaching $12.2 As of December 2018, 47% of the 124 cannabis-related companies trading on the CSE were based in the United States or had U.S. billion globally, a 30% jump from 2017. . capital markets.

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Access Research and Development Cannabis Compliance 40

Cannabis Law Report

SEPTEMBER 12, 2019

. · Funds initially available to the Company will be used to meet general working capital requirements, undertake due diligence on potential target acquisitions and to make investments in accordance with the investment guidelines described above. · The Global CBD market is set to increase from $270 million in 2018 to $3.86

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Research and Development Medicine Hemp CBD 45

Cannabis Law Report

JUNE 25, 2021

billion in 2025 at a CAGR of 14%. For example Leo Pharma has formed a strategic alliance with PellePharm in 2018, to develop a drug to treat a very rare form of skin cancer called Gorlin syndrome. The market is expected to reach $2.72 The skin cancer drugs market consists of sales of skin cancer drugs.

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Research and Development Therapy Pharmaceutical Clinical Trials 84