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Under a law that passed earlier this year, the Cannabis Compliance Board looks to award permits for public spaces that would allow cannabis consumption. A previous ballot initiative collected enough signatures, but the state’s Supreme Court invalidated it. california. Recent attempts to legalize in the legislature have gone nowhere.
(TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), an industry leader in full spectrum cannabidiol (CBD) hemp extract wellness products and probiotics, today reported financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights. Second Quarter 2021 Business Highlights.
The Santa Barbara County Board of Supervisors will hear an update on cannabis tax collection in the last quarter of the fiscal year 2020-2021 during its regular meeting on Tuesday. During the last fiscal quarter that ended June 30, the county collected about $3.8 million in gross tax receipts paid by 58 operators.
TACOMA, WA / ACCESSWIRE / June 28, 2021 / IONIC BRANDS CORP. The Company is pleased today to be reporting its proforma, unaudited financial results for the three months ended March 31, 2021. The Company is pleased today to be reporting its proforma, unaudited financial results for the three months ended March 31, 2021.
The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital. To that end, The Hawthorne Collective will provide a $150 million convertible loan to Toronto-based RIV Capital (TSX: RIV) (OTC: CNPOF), a cannabis investment and acquisition firm currently listed on the Toronto Stock Exchange. MARYSVILLE, Ohio, Aug.
Together with the Nevada Cannabis Compliance Board (CCB), the Nevada Department of Taxation (DoT) released figures showing more than $1 billion in taxable sales reported by Nevada’s legal cannabis industry over a 12-month period. Additional Links & Information: Cannabis Compliance Board: Industry Statistics.
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021.
Highest quality products with already established EU compliance. June 22, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — New You, Inc. The company plans to expand into the Gulf and Hong Kong late 2021. Primus CBD Skincare plans a number of product launches in 2021 which it plans to announce over the next two quarters.
Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Tuesday, April 12, 2022.
Smith on August 25, 2021. Seyfarth Synopsis: In the first six months of 2021, several states legalized marijuana for recreational and medicinal purposes, including New York, New Jersey, Virginia, and New Mexico. Mora & Frederick T. Email Tweet Like LinkedIn. States show no signs of slowing down. Read more about Jennifer L.
ORLANDO, FL – (April 5, 2021) – GIE Media Inc., 8-10, 2021 at Rosen Centre Hotel in Orlando, Fla. Members of the Hemp Grower Conference 2021 Advisory Board include: Jeff Kostuik, Director of Operations for Hemp Production Services and Hemp Genetics International. Luke Zigovits, Owner and Farm manager for Higher Level Organics.
As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Here’s a round-up of the most recent developments: New Laws.
24 June 2021. To achieve these purposes, the statute creates a strict legal framework that encompasses both medical and non-medical cannabis in Canada, and prescribes the scope of all permissible products and cannabis-related activities, as well as the offences and penalties for non-compliance. Torkin Manes LLP. with the authors.
The term does not include industrial hemp, as defined in state law, that is grown, dealt, or processed in compliance with state or federal law, unless it has been acquired and formulated with cannabis plant extract by a pharmaceutical processor. It is effective in late June 2021. Virginia’s Cannabis Oil Law. Next Steps for Employers.
Examples for allowable uses for the Cannabis Loan Funds include rent, payroll, purchase of equipment, purchase of inventory, regulatory compliance expenses, payment of fines or penalties, certain legal expenses, and employee training. The Department also collects confidential information for oversight and monitoring purposes.
Governor Ned Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-use Cannabis on June 22, 2021. Provisions regarding lawful possession go into effect July 1, 2021, but the provisions affecting employers will take effect next year on July 1, 2022. Individuals cannot possess more than 1.5 Source: [link].
On April 28, 2021, Philadelphia Mayor Jim Kenney signed Bill No. Any applicants whose prospective employer is a party to a valid collective bargaining agreement that specifically addresses the pre-employment drug testing of such applicants.
(LAS VEGAS, NV) – Today, the Nevada Cannabis Compliance Board (CCB) released its annual demographic study of Nevada’s cannabis industry. Demographic data collection and reporting will assist the CCB and the State in its efforts to prioritize diversity and inclusion in the legal cannabis industry.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. Licensing, Agents, and Equity. Commissioner Bruce Stebbins, appointed to the Regulated Industries seat.
million in 2020, which now triples HempFusion’s historical proforma revenue to ~$12 million with significant expansion planned for 2021 and beyond, making it immediately accretive to the Company. HempFusion’s substantial investment into regulatory compliance will help solidify Apothecanna’s leadership position in the CBD industry.
(“Sagely Naturals”), (together the “Acquisitions”) for fiscal 2021 and 2022. With the completion of the Acquisitions and inclusion of the pre-closing fiscal 2021 revenues of Apothecanna and Sagely Naturals, HempFusion expects to generate revenues of between USD$12.5 million in revenue. million and $13.5 million and $13.5
– Integrated solution provides a single platform for compliance with vaccination status tracking and weekly testing requirements – STONY BROOK, N.Y. & By providing both vaccine status management and weekly COVID-19 testing, the integrated platform offers a single solution for compliance with the ETS.
(“Jushi” or the “Company”) (CSE: JUSH ) (OTCMKTS: JUSHF ), a vertically integrated, multi-state cannabis operator, provides a detailed operational update on the Company’s recent activities and progress, along with an overview of Jushi’s First Quarter 2021 Financial Results. First Quarter 2021 Highlights. BOCA RATON, Fla.,
Additionally, it positions ezGreen to showcase its POS solution which includes fully customizable compliance reporting, workflow management, business analytics and more to dispensaries participating in city sanctioned cannabis events. ” About ezGreen.
The Seed to Sale software is designed to amplify operations and automate compliance to promote exponential levels of success, profits, and growth. Data Collection: Input data directly off the scale or the warehouse floor, getting it digitized as fast as possible. How Seed to Sale Works.
Starting off the union-management relationship from a collaborative position can be a positive way to enter into the collective bargaining process; however, LPAs may not be appropriate for all situations, and it is important to consult with experienced counsel before entering into such an agreement. The Collective Bargaining Agreement.
The North Carolina Industrial Hemp Pilot Program, which was overseen by the NC Department of Agriculture & Consumer Services under the direction of NC Industrial Hemp Commission ended on December 31, 2021. You may still have hemp in your possession that you grew in 2021 or earlier under your NC issued license.
As Canopy continues to focus on the premium flower segment, the addition of 7ACRES and the 7ACRES Craft Collective enhances Canopy’s leading market share position and supplements its production capacity through the acquisition of Supreme’s low-cost, scalable cultivation facility in Kincardine, Ontario.
wholesaler of branded cannabis products, today announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights 1. in the remainder of 2021. by the end of 2021. As of September 30, 2021, current assets were $449.0 Generally Accepted Accounting Principles (“U.S.
His administration also proposed changes designed to reduce the tax-collection burden on the cannabis industry and simplify the tax-collection process.
Despite the pandemic, the medical cannabis market has been booming, and the Oklahoma Medical Marijuana Authority reports that the state collected over $127 million in state and local taxes from medical cannabis in 2020.”. Despite illegal operations, Oklahoma collected $90.7 million in July, according to OMMA.
Despite the pandemic, the medical cannabis market has been booming, and the Oklahoma Medical Marijuana Authority reports that the state collected over $127 million in state and local taxes from medical cannabis in 2020.”. Despite illegal operations, Oklahoma collected $90.7 million in July, according to OMMA.
Virginia cannabis law went into effect on July 1, 2021, and in a little over two months since that starting date, the county of Richmond has experienced a shocking decrease in cannabis-related arrests. . A lot of folks believe that as of July 1, 2021, the possession and use of marijuana is legal within the Commonwealth.
per Common Share for a period of four years from the closing date of the Private Placement, expected on or about September 12, 2021. Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of USD$0.50 HempFusion Wellness Inc. FORWARD-LOOKING STATEMENTS.
VANCOUVER, BC (GLOBE NEWSWIRE – June 3, 2021) — Optimi Health Corp. (CSE: With more compliance and quality standards, the OTCQB provides investors improved visibility to enhance trading decisions. looking information within the meaning of Canadian securities legislation (collectively, “forward?looking Web: [link].
August 17, 2021 04:03 PM Eastern Daylight Time. federal legalization of cannabis, and subject to compliance with applicable laws and stock exchange rules, MedMen will actively explore opportunities to expand MedMen’s footprint across international markets. cannabis legalization (or Tilray’s waiver of such condition).In Prior to U.S.
Norway’s Alliance for rights-oriented Drug Policies (AROD) says that to vindicate the rights of drug law violators , they will on 11 September 2021, hold a cannabis sale outside Oslo’s police headquarters to protest the abject failure of Norwegian drug reform. Oslo Police HQ. Roar Mikalsen. Full Press Release.
22, 2021 /CNW/ – Havn Life Sciences Inc. (CSE: will be in compliance with all applicable Health Canada regulations. Psilobrain is committed to our Drug Development Program, with 3 provisional patents and numerous preclinical studies in various stages of research and data collection. VANCOUVER, BC , Nov.
August 30, 2021. Federal law requires that taxpayers must report income from illegal sources – including cannabis sales (whether state sanctioned or not) – raising numerous tax compliance and design issues. The lawful cannabis industry faces numerous regulatory hurdles that makes even good-faith compliance with the law a challenge.
Marijuana was once again one of the hottest legislative topics across the nation in 2021, and while some states’ new legislation provided greater protections to employers with drug-free and/or zero-tolerance policies, others took a more employee-friendly approach. Law 15-2021 went into effect immediately. Ashley Bobo. Puerto Rico.
federal legalization of cannabis, and subject to compliance with applicable laws and stock exchange rules, MedMen will actively explore opportunities to expand MedMen’s footprint across international markets. Tilray’s previously scheduled Special Meeting of Stockholders will be held this Thursday, August 19, 2021. Prior to U.S.
If not, what accounts for this wide disparity in test results between 2020 and 2021? Furthermore, OLCC’s press release referred to the highest sample they collected testing at 32.9% In other words, according to OLCC, 58% of registered hemp grows were actually growing marijuana, not hemp. BLOCKING BUSINESS.
October 18, 2021 — Birchmount Network (“Birchmount” or “Company”), a full-service, turn-key cannabis gift card and marketing solution provider leveraging decades of experience in the mainstream gift card industry, announced it closed a $2.5M billion in 2021. Proceeds Will Fuel Market Expansion Across the U.S. OAKLAND, Calif.,
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