Cannabis Law Report

AUGUST 26, 2021

California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. August 23, 2021. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Marijuana Moment reports. Read full article at [link]. Seth Kerstein.

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Cannabis Law Report

DECEMBER 2, 2021

In the fiscal year 2021, Alaska regulators collected just under $29 million, so the $1.8 million in unpaid taxes is a small portion of the total taxes that cultivators pay the state. Read more at [link].

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Cannabis Law Report

JUNE 17, 2021

Grown at Harborside Farms in Salinas, California, this selection of flower is single origin, sustainably grown and strain-specific, coming from a long line of cultivation experience and California cannabis legacy. . Jushi Holdings’ award-winning Colorado brand, The Bank , is known for its superior plant genetics and next-level cultivation.

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Sleep Strains Banking Wellness and Beauty 102

Cannabis Law Report

JUNE 28, 2021

(“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, is pleased to announce its financial and operating results for the first quarter ended March 31, 2021, along with its unaudited preliminary revenue guidance for the second quarter of 2021.

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Illinois News Joint

JUNE 19, 2024

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.

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Illinois News Joint

JUNE 21, 2024

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.

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Dispensary Advocacy Retail Events 111

Cannabis Law Report

AUGUST 20, 2021

Bophelo is being spun off by Canadian parent Halo Collective into a new, non-US, international entity, Akanda. CNW Group/Halo Collective Inc.). . … The suits have descended on Lesotho to start putting a value on Bophelo Bioscience and Wellness , which aspires to be the world’s biggest cannabis grow.

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Cannabis Law Report

JUNE 22, 2021

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

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Canna Law Blog

JANUARY 10, 2020

Per the press release: Newsom intends to combine all three California cannabis agencies into one single Department of Cannabis Control by July 2021. The state intends to change the point of collection for various cannabis taxes. More details will be released this spring. The budget estimates that about $332.8

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Cannabis Law Report

AUGUST 3, 2021

Tuscan Holdings Corp II has obtained an extension until September 30, 2021 and Merida Merger Corp I has only until November 2021 to complete a merger. 2021 projected revenue, while it’s closest public comp traded at 3.9x. Similarly, Mercer Park bought cultivation & retail company Glass House Group for 5.6x

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Cannabis Law Report

JUNE 28, 2021

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.

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SpeedWeed

SEPTEMBER 14, 2021

Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. RELATED: California Cannabis Industry Has Provided $2.8 As of Sept.

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Cultivation Supply Chain Cannabis Business 82

Illinois News Joint

JUNE 30, 2024

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.

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Dispensary Advocacy Retail Collective 98

Cannabis Law Report

JULY 8, 2021

As part of its rebranding, Terra Tech will start trading under its new ticker symbol, “UNRV”, on the OTCQX market at the market opening on Thursday, July 8, 2021. Collectively, the company operates a broad array of cannabis assets involving cultivation, distribution, brands, processing, and dispensaries.

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Cultivation Dispensary Collective Business 84

Cannabis Law Report

JULY 28, 2021

MONTREAL , July 28, 2021 /CNW Telbec/ – Cannara Biotech Inc. ( “Cannara” or the “Company” ) (TSXV: LOVE ) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative products with two Quebec -based mega cultivation facilities spanning over 1.65 May 31, 2021.

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Cannabis Law Report

JULY 9, 2021

BOGOTA, Colombia , July 8, 2021 /PRNewswire/ – Ikänik Farms, Inc. “The Cleanser is the first of our 6 plant-derived, natural ingredient-based products, under the Pideka brand being launched by the end of 2021.” ” said Brian Baca, CEO of Ikänik Farms.

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The Cannigma

JULY 24, 2022

Back when the US was still a collection of colonies under British rule, South Carolina had a booming industrial hemp industry. The most recent medical marijuana bill , introduced in 2021, would have created a program, albeit a restrictive one. Cannabis in South Carolina. It failed in the state House. Can you grow your own weed?

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Illinois News Joint

JANUARY 10, 2023

The Aurora Cannabis Club, small collective of cannabis growers/companies and enthusiasts, started April 20, 2021. We have both been involved with cannabis cultivation for years and wanted to create an environment for local growers, enthusiasts, med patients and anybody else who wants to learn about cultivation,” Ryan said.

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Cannabis Law Report

JANUARY 24, 2022

(NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today the appointment of world-renowned cannabis genetics and cultivation expert Derek Pedro as an advisor to its Cosechemos cultivation facility.

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Cultivation Wellness and Beauty Research and Development Events 52

Cannabis Law Report

JANUARY 9, 2022

As of December 2021, states reported a combined total of $10.4 Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). As of November 2021, $471.9 46,104,922.

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Collective Policy Retail Programs 52

Cannabis Law Report

MARCH 11, 2022

Because of a glut of marijuana on the market, the county’s tax revenue from cannabis cultivation is projected to be only $12.4 During the 2020-21 fiscal year ending last June, the county collected $15.7 million in taxes from cannabis cultivation. This fiscal year runs from July 1, 2021, to June 30, 2022.)

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Cultivation Retail Collective Data 52

Cannabis Law Report

JUNE 7, 2021

As of May 2021, states reported a combined total of $7.9 Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. As of April 2021, $404.5 local sales tax on adult-use cannabis and has collected $210.6 million as of April 2021. April 2021.

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Marijuana Retail Collective Programs 91

Cannabis Law Report

MAY 29, 2021

Lesotho’s Prime Minister, Dr Moeketse Majoro and six cabinet members visited Bophelo on 19 May 2021 where they met Louisa Mojela, Bophelo’s founder and now chairperson of its Toronto-based owners, Halo Collective. It has ambitions of being the biggest medical cannabis cultivation facility in the world.

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Agriculture Collective Policy Pharmaceutical 97

Cannabis Law Report

FEBRUARY 19, 2022

Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law. The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses. Three years later, however, the state still has neither.

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SpeedWeed

APRIL 5, 2021

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. For more information, visit www.GIEMedia.com.

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Collective Hemp Media Events 40

Cannabis Law Report

NOVEMBER 11, 2021

In May 2019, Denver became the first city in the United States to decriminalize personal possession, cultivation and storage of psilocybin mushrooms. On November 9, 2021, the Panel delivered its report to the Denver City Council, which can be reviewed here. 2021-Comprehensive-Report. Source: [link].

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MassRoots

AUGUST 19, 2020

Arizonans would also be allowed to cultivate up to six cannabis plants in their homes. The measure requires the Department of Health Services to set forth the rules regarding retail sales by June 1, 2021. If approved, Prop. In homes with two or more adults, the allowance would go up to twelve plants total.

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Cannabis Law Report

JULY 19, 2021

July 19, 2021-LAS VEGAS & TORONTO — Flower One Holdings Inc. Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, is pleased to announce its latest partnership with Miss Grass. This partnership will allow us to bring trusted quality products to Nevada.”.

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Education Cultivation History Media 111

Cannabis Law Report

JUNE 24, 2021

CALGARY, Alberta, June 24, 2021 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. “We are delighted to be expanding our Craft Cannabis Collection in the Province of Ontario – Canada’s largest and fastest growing recreational cannabis market,” stated Sugarbud’s CEO, John Kondrosky. About Sugarbud.

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The Cannigma

AUGUST 18, 2021

Do the tastes of cannabis consumers determine what strains are on the shelves, or are cultivators still setting the tone for what cannabis looks, smells, tastes, and feels like today? According to Josh Malman, the VP of cultivation at Jushi Holdings, as legalization spreads, the consumer is having more of a say. “I

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Cannabis Law Report

JUNE 25, 2021

24 June 2021. These regulatory bodies work in conjunction with each other, and collectively share the responsibility of overseeing cannabis regulation across Canada. Regulatory Authorities share the collective responsibility of enforcement and compliance. by Matt Maurer , Hunter Forman and Siena Hilley Bland. Enforcement.

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Cannabis Law Report

JUNE 23, 2021

million in the form of an unsecured convertible debenture bearing interest at 4% per annum(the “ Debenture ” and, collectively with the Equity Raise, the “ Offerings “). providing the Company with 125,000kg of potential annualized cultivation output. Newly built fully automated one million sq. Related Links.

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Cannabis Law Report

AUGUST 3, 2021

In addition to targeting large markets with a compelling solution, the company is cultivating an attractive business model. The reference data it collects and its constantly improving machine learning algorithms create a moat that prevents competitors from quickly stepping into the market.

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Cannabis Law Report

AUGUST 10, 2021

9, 2021 /CNW/ – Montréal Cannabis Médical Inc. (“MTL The transaction will provide MTL Cannabis with immediate access to additional licensed cultivation space, more than doubling the company’s current 57,000 sq. of cultivation and production space through a second building situated at MTL’s Pointe-Claire location. MONTRÉAL, Aug.

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Cannabis Law Report

AUGUST 18, 2021

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.

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Cannabis Law Report

JULY 26, 2021

VANCOUVER, British Columbia, July 26, 2021 (GLOBE NEWSWIRE) — BC Craft Supply Co Ltd., ( CSE: CRFT ) (“ CRFT ” or the “ Company ”), a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy, is pleased to announce that its subsidiary, FeelWell Brands Inc. About BC Craft Supply Co Ltd.

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Cannabis Law Report

JULY 20, 2021

July 20, 2021 – Jushi Holdings Inc. and certain of its affiliates (collectively, “Nature’s Remedy”), a vertically integrated single state operator in Massachusetts. cultivation and production facility in Lakeville, MA with approximately 19,500 sq. cultivation and production facility in Lakeville, MA with approximately 19,500 sq.

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