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Cannabis Meets Lollapalooza, First Festival Since Illinois’ Legalization

Cannabis Law Report

Not only is this the festival’s first post-COVID comeback, after being canceled last year, but also the decades-old event’s first run since Illinois’ adult cannabis market took off in 2020. . Chicago cannabis sales expected to increase as Lollapalooza kicks off tomorrow . Lollapalooza happens every year in Chicago, at Grant Park.

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Judge Rules Texas Ban on Smokable Hemp Unconstitutional

SpeedWeed

A judge in the Travis County District Court in Texas ruled that a ban on smokable hemp in the state is unconstitutional—siding with several hemp companies that filed a lawsuit , challenging the 2019 ban on smokable hemp products passed by Texas lawmakers. They are favored by some consumers because they offer fast delivery of hemp-derived CBD.

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Kelley Drye & Warren: New California Cannabis-Related Bills Make it Off the Governor’s Desk

Cannabis Law Report

On October 12, 2019, California Governor Gavin Newsom announced the following cannabis-related bills were signed into law: AB 37. 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.

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Good Tax News for the Cannabis Industry: California Repeals 280E limitation for Personal Income Tax

Cannabis Law Report

The objectives of the new law are as follows: To provide tax equity to the cannabis industry. To provide commercial cannabis licensees the ability to claim ordinary business deductions from taxable income in the same manner that other state businesses do for state purposes. This new law takes effect immediately. Source: [link].

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Skin Cancer Drugs Global Market Report 2021: Actinic Keratoses (AK), Basal cell carcinoma (BCC), Squamous cell carcinoma (SCC), Melanoma – ResearchAndMarkets.com

Cannabis Law Report

billion in 2025 at a CAGR of 14%. In April 2019, Bristol-Myers Squibb acquired Celgene for $74 billion. The European Medicines Agency (EMA) is the regulatory body that evaluates and supervises the production and sales of medicines for safety and benefit of the customer, in the European Union Region. Cannabis Science Inc.

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Hemp CBD Across Europe: Spain

Canna Law Blog

According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. While cannabis is considered a drug under Spanish law, there is a carve-out for cannabis grown for fiber and seed. Spanish law authorizes 25 cannabis strains for hemp production, all of which produce no more than 0.2%

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Charlotte’s Web Among First Full-Spectrum CBD Added to the List of CBD Products Authorised for Sale in the UK Following Validation of its Novel Food Application

Cannabis Law Report

UK Food Standards Agency will now proceed through the safety evaluation process. The FSA is the Central Competent Authority for food safety that issues guidance to support consistency in approach in the United Kingdom. billion by 2025. This status allows Charlotte’s Web to continue selling its products in the U.K.

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