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

AUGUST 2, 2021

IRVINE, Calif. , July 30, 2021 /PRNewswire/ — ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF) (“ M7 ” or the “ Company “), California’s first integrated omnichannel platform for legal cannabis, today announced financial results for its fiscal second quarter ended May 31, 2021.

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Supply Chain Retail Business Events 105

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].

Policy 52

Policy Decriminalization Safety Therapy 52

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.

Cultivation 81

Cultivation Packaging Media Events 81

Cannabis Law Report

OCTOBER 25, 2021

Flora is actively harvesting non-psychoactive (CBD) cannabis with yields 40-60% higher than Flora originally anticipated; initial harvest of high-THC cannabis expected in November 2021. Planted the initial crop of high-THC cultivars, with the first harvest expected to occur in November 2021. Cosechemos Operational Update.

Agriculture 52

Agriculture Collective Events Pharmaceutical 52

Cannabis Law Report

AUGUST 8, 2021

5 AUG 2021 Legislative Council Legal and Social Issues Committee (Vic). In addition, group cultivation would allow small groups of adults to grow cannabis collectively. Copyright : Parliament of Victoria 2021. Post date : 6 August 2021. PUBLISHER Parliament of Victoria. ISBN : 978-1-922425-38-6. apo-nid313452.

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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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Business Collective Concentrates Cultivation 105

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.

Cultivation 59

Cultivation Events Collective Policy 59

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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Collective Banking Pharmaceutical Cultivation 105

Cannabis Law Report

MAY 6, 2022

(NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today that it will host a webcast on Tuesday, May 10, at 9 a.m. ET, to discuss financial and operating results for its fiscal year ended December 31, 2021.

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Events Media Cultivation Business 52

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.

Cultivation 109

Cultivation Dispensary Collective Business 109

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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CBD Cultivation Agriculture Retail 105

Cannabis Law Report

MARCH 31, 2022

Planet 13 Announces Q4 and Full Year 2021 Financial Results. Q4 2021 revenue of $29.9 Q4 2021 net loss of $5.1 Q4 2021 Adjusted EBITDA [1] of $1.9 Full year 2021 revenue of $119.5 Full year 2021 net loss of $19.5 Full year 2021 net loss of $19.5 Full year 2021 Adjusted EBITDA of $16.9

Dispensary 52

Dispensary Cultivation Events Business 52

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.

Business 95

Business Supply Chain Data Concentrates 95

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

Cultivation 105

Cultivation Cannabis Collective Retail 105

Cannabis Law Report

NOVEMBER 28, 2021

16, 2021, should read: Flower One Holdings Inc. The updated release reads: FLOWER ONE RESCHEDULES RELEASE OF THIRD QUARTER 2021 FINANCIAL RESULTS AND EARNINGS CALL. As previously announced on October 11, 2021, Flower One hired its new CFO, Araxie Grant. Conference Call Details: Date: Tuesday, November 30, 2021.

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Cultivation Media Packaging Collective 52

SpeedWeed

MARCH 8, 2021

24-26, 2021, at the Paris Las Vegas Hotel & Casino), there will be plenty more women innovators, leaders, entrepreneurs and trailblazers to highlight—so keep an eye on CannabisConference.com for continued updates to our speaker roster. . Emily Kowalski Vice President of Cultivation, LeafLine Labs. This listing is just a start.

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Dispensary Media Supply Chain Hemp 40

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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Events Patients Cultivation Environment 76

Cannabis Law Report

NOVEMBER 16, 2021

As previously announced on October 11, 2021, Flower One hired its new CFO, Araxie Grant. Conference Call Details: Date: Tuesday, November 30, 2021. Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. Since her appointment, Ms. Time: 10:00 a.m.

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Cultivation Media Packaging Collective 52

SpeedWeed

SEPTEMBER 8, 2021

million in cultivation tax and $1 billion in state sales tax during the course of the past 3 1/2 years. They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. increase from the first quarter of 2021 but a 6.9%

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Collective Programs Supply Chain Cultivation 88

Cannabis Law Report

MAY 28, 2022

For the first quarter of 2022, the state saw about $294 million in cannabis revenue generated from the excise, cultivation and sales tax on marijuana. Gavin Newsom (D) unveiled an updated budget proposal earlier this month that calls for the elimination of the state’s marijuana cultivation tax and revised cannabis tax revenue allocations.

Cultivation 52

Cultivation Legislation Collective Policy 52

Cannabis Law Report

NOVEMBER 11, 2021

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.

Education 52

Education Business Retail Cultivation 52

Cannabis Law Report

MAY 18, 2022

On top of these excise taxes, which combined can approach 40%, there is a state cultivation tax currently imposed on cannabis flowers at a rate of $161.28/dry-weight dry-weight pound (and some local jurisdictions impose additional cultivation taxes).

Retail 52

Retail Cultivation Collective Programs 52

Cannabis Law Report

JUNE 10, 2021

providing Cannara the ability to reach an annual cultivation capacity of 125,000 kg of premium-grade cannabis. providing Cannara the ability to reach an annual cultivation capacity of 125,000 kg of premium-grade cannabis. providing Cannara the ability to reach an annual cultivation capacity of 125,000 kg of premium-grade cannabis.

Cultivation 59

Cultivation Events Banking Collective 59

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.

Retail 105

Retail Cultivation Events Collective 105

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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Cannabinoids Edibles Retail Cannabis 91

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

MARCH 22, 2021

Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator Cultivate. The deal is expected to close in the fourth quarter of 2021. Before acquiring Cultivate, Cresco’s only Massachusetts location was in Fall River.

Cultivation 52

Cultivation Collective Dispensary Retail 52

Cannabis Law Report

NOVEMBER 10, 2021

which holds an operating cultivation and production facility. mark of total cultivation capacity. 10, 2021 (GLOBE NEWSWIRE) — Verano Holdings Corp. Collectively, these acquisitions expand Verano’s presence on the East Coast with the addition of vertically integrated operations in the attractive Connecticut market.

Pharmaceutical 52

Pharmaceutical Dispensary Cultivation Collective 52

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

SEPTEMBER 23, 2022

The tax brought in $30 million in fiscal year 2021, Dunleavy said. That is three times the amount the state collected in 2018. “In In fiscal year 2021 , the Alaska Department of Revenue collected $30 million in marijuana taxes, three-times the amount collected in 2018. “In

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Recreational Marijuana Collective Retail 52

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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Law THC Hash Oil 118

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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Research and Development Terpenes Supply Chain Collective 96

Cannabis Law Report

JUNE 23, 2021

Supreme Cannabis’s portfolio of brands includes 7ACRES , 7ACRES Craft Collective , Blissco , sugarleaf , and Hiway. Supreme shares are expected to be de-listed from the Toronto Stock Exchange on or about June 23, 2021. TSX: FIRE) (OTCQX: SPRWF), a deal that was valued at $435 million. in British Columbia.

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Collective Cultivation Recreational Strains 66

Cannabis Law Report

NOVEMBER 12, 2021

New Jersey’s Cannabis Regulatory Commission (CRC) held a public meeting on November 9, 2021 and released the 2021 Personal Use (Recreational) Notice of Application. As announced at the meeting, the CRC will begin accepting adult-use applications commencing December 15, 2021. Diversely Owned Businesses Applicants. View source.].

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Recreational Business Collective Retail 52

Veriheal

JUNE 12, 2023

Jason MacLean isn’t new to cannabis cultivation and genetic breading. He has been immersed within the cannabis community in Denver for over 15 years, working as a horticulturist and cultivator. And he also led the efforts that granted Cherry the Best Wholesale Cultivation award in the 2021 Best of Denver awards.

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Strains Treatment Programs Policy 98

Cannabis Law Report

JUNE 9, 2021

The new law allows the use, possession, cultivation, and sale of cannabis – although cities, towns and villages can opt out of some aspects of the legislation. In April, New York became the 15 th state to legalize recreational marijuana for adults 21 and older. An adult can smoke at home, that’s their decision,” said Monaghan.

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Dispensary Retail Consumption Cultivation 87