Cannabis Law Report

SEPTEMBER 30, 2021

Q3 2021 Sales Revenue of $3.03M versus $1.37M in Q2 2021, an increase of 121%. Q3 2021 aEBITDA 1 margin of 25% ($0.77M), versus 12% ($0.18M) in Q2 2021, an increase of 330% ($0.59M). Indoor Revenue of $2.81M, versus $0.75M in Q2 2021, an increase of 277%. aEBITDA 1 margin of 55% versus pro-forma 2 24% in Q2 2021.

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Cannabis Law Report

AUGUST 5, 2021

On April 16, 2021, Governor Jay Inslee signed Senate Bill 5372 (SB 5372), “An Act relating to hemp processor registration and a hemp extract certification into law.” SB 5372 went into effect on July 25, 2021, and creates a voluntary registration and certification program that hemp processors can opt-in to in the Evergreen State.

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Cannabis Law Report

NOVEMBER 6, 2021

This position will assist the enforcement units in implementing consistent regulatory compliance measures for the Commonwealth’s marijuana industry. Interested candidates should submit a cover letter and resume by email no later than November 29, 2021. ESSENTIAL FUNCTIONS AND RESPONSIBILITIES. 94G, M.G.L. 94G, M.G.L.

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Cannabis Law Report

MAY 23, 2022

Verano and its affiliates are proud of their strict compliance with, and adherence to, state laws and regulations, and any insinuation to the contrary is completely fictional.”. Verano is a leading, vertically integrated, multi-state cannabis operator in the U.S., Verano-Nielsen-Harvest-lawsuit-March-2021.

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Cannabis Law Report

AUGUST 3, 2021

By Simon Malinowski on August 1, 2021. In the continuing trend of normalizing the cannabis industry for practical reasons, the New York State Bar Association’s (NYSBA) Committee on Professional Ethics issued Opinion 1225 (the Opinion). The NYSBA, in the context of Rule 1.2(d)

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Cannabis Law Report

JUNE 6, 2022

[2] Specifically, the court found that requiring the employer (and, by extension, its workers’ compensation insurer) to pay for cannabis, even if a valid medical treatment under Minnesota law, would expose the employer to criminal liability under federal law for aiding and abetting the employee’s unlawful possession of cannabis. .

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Cannabis Law Report

FEBRUARY 1, 2022

The more wide-ranging bill (H 174/S 72), which a spokesperson said is a priority for House Speaker Ron Mariano, addresses aspects of state laws that cannabis regulators and industry entrepreneurs have been increasingly vocal about taking issue with. For fiscal year 2021, that 20 percent share of cannabis excise revenue ($112.37

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Cannabis Law Report

AUGUST 25, 2021

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. States show no signs of slowing down. Mora & Frederick T. Email Tweet Like LinkedIn.

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Cannabis Law Report

JUNE 24, 2021

Connecticut has become the 19 th state to legalize recreational marijuana use by adults. Governor Ned Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-use Cannabis on June 22, 2021. Employers should consider carefully how the new law affects their existing drug testing procedures and hiring processes.

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Canna Law Blog

SEPTEMBER 10, 2020

At the same time, to assist cannabis cultivators and other cannabis licensees with economic survival and product recognition as well as establishing more comprehensive standards for product quality, individual states have contemplated pseudo-organic certification programs under state law (like Washington State ).

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Cannabis Law Report

JUNE 28, 2021

Upon the initial closing anticipated to take place in Q3 2021, 85% of the equity of Calma will be obtained by the Company upon approval by the City of West Hollywood. Such risks and uncertainties include, but are not limited to: changes in general economic, business and political conditions, changes in applicable laws, the U.S.

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SpeedWeed

SEPTEMBER 13, 2021

Senator Ben Hueso (@SenBenHueso) July 29, 2021. Lawmakers approved a similar bill in 2019, but it was vetoed by Governor Gavin Newsom who expressed concerns that it create a conflict between federal and state law. . This would go a long way to help hospital staff, security &, above all, patients.

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Canna Law Blog

JANUARY 6, 2023

It’s hard to read the tea leaves in a lot of cases – inspections can be a prelude to enforcement, but they can also be a way for the agencies to spur compliance without clogging up the court system. Under state law, CDTFA collected both a cultivation tax and an excise tax. California expanded medical deliveries.

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Veriheal

AUGUST 30, 2022

Monthly dispensary sales range from $110 thousand to $130 thousand between March 2021 and March 2022 (as compared to approximately $50 thousand to $90 thousand the year prior). 1206 during Pennsylvania’s 2020-2021 legislative session, is designed to protect registered medical cannabis patients from receiving a wrongful D.U.I.

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Cannabis Law Report

MAY 18, 2022

Leafly data reveals unique insights into what the California cannabis consumer shops for most on Leafly: Blue Dream , a hybrid strain with California origins, is by far the most popular strain in the state 1. After flower, the Golden State’s most popular products, in order of popularity, are cartridges, prerolls, concentrates, and edibles 1.

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Illinois News Joint

JANUARY 24, 2023

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. Though not an exhaustive list, DCEO set forth examples of allowable and non-allowable expenses.

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Connor & Connor PLLC

JULY 22, 2019

The bill also establishes the creation of the Cannabis Compliance Board, which is tasked with outlining when and where the consumption lounges would be allowed, if at all. Nevertheless, as state law supersedes local ordinances, any plans to open consumption lounges are halted until July 1, 2021, when the Board’s study period ends.

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Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. 2, 2021, the nonprofit scientific organization U.S. New California Law Standardizes Weed Testing. Delta-8 Testing.

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Cannabis Law Report

JUNE 15, 2021

NEW YORK and TORONTO , June 15, 2021 /CNW/ – TerrAscend Corp. (“TerrAscend” or “the Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced it has launched a portfolio of its Kind Tree branded products in Maryland. ” Learn more at www.kindtreecannabis.com.

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Cannabis Law Report

AUGUST 24, 2021

68% Increase to Chino Valley Rental Revenue Effective September 1, 2021. The fourth additional building site is in completion stages for technology and operational packages along with compliance inspections. We did not experience in 2020, and to date have not experienced in 2021, any material changes to our operations from COVID-19.

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Cannabis Law Report

JANUARY 13, 2022

In The Weeds welcomes the new year, as well as a number of new cannabis laws and policies taking effect around the country in 2022. Below is a list of state law updates to look forward to this year. 14, 2021, alert ). 2, 2021, the Kansas Office of the Attorney General released Attorney General Opinion No.

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Cannabis Law Report

MAY 17, 2022

Leafly data reveals unique insights into what the California cannabis consumer shops for most on Leafly: Blue Dream , a hybrid strain with California origins, is by far the most popular strain in the state 1. After flower, the Golden State’s most popular products, in order of popularity, are cartridges, prerolls, concentrates, and edibles 1.

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The Blunt Truth

DECEMBER 19, 2023

With this advantageous change in the law, the hemp industry has thrived. The value of hemp production was estimated at $824 million in 2021 according to the U.S. See Value of hemp production totaled $824 million in 2021. Department of Agriculture. Conversely, marijuana is primarily used for its psychoactive effects.

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Cannabis Law Report

SEPTEMBER 16, 2022

In 2021, more than $1.2 Arkansas also began its medical cannabis journey through a voter-approved amendment to the state constitution. In June 2021, the court denied a motion to amend Rule 1.2 There are currently 22 licensed medical marijuana treatment centers (17 are operational), which serve approximately 650,000 patients.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

When House Bill 19-1234 and House Bill 19-1230 were signed into law on May 29, 2019, allowing for marijuana delivery and marijuana hospitality licenses, no one thought it would take two years to implement. April 19, 2021, will likely require submission of an SIP to be deemed complete. Marijuana Delivery Permits.

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Marijuana Consumption Retail Business 76

Cannabis Law Report

JULY 14, 2021

ImmunoFlex has submitted non-provisional ( USA ) and PCT (international) patent applications based on the research carried out by ImmunoFlex in 2020 and 2021. federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S.

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Cannabis Law Report

JULY 26, 2021

Cannabis and the Law. Posted on July 26th, 2021 by Robert Gullo. But how can a product that purportedly gets users high escape federal and state regulation? Is Delta-8 legal under state law? The Nevada Cannabis Compliance Board recently stated , “products exceeding 0.3% Foley Hoag LLP.

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Cannabis Law Report

NOVEMBER 6, 2021

As cannabis continues to make its way into the mainstream marketplace, state governments are increasingly legalizing and regulating it for medical or recreational use. billion industry in 2021, according to cannabis data analytics firm BDSA, with an additional $47.8 billion in illicit spending.

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Cannabis Law Report

JUNE 30, 2021

(“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, reports record pro-forma revenue of $2.75M, helping to drive the sixth consecutive quarter of positive adjusted pro-forma EBITDA 1,3 of $0.5M for the three months ended April 30, 2021.

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Cannabis Law Report

FEBRUARY 8, 2020

Also, beginning with the 2021 crop year, hemp will be insurable under the Nursery crop insurance program and the Nursery Value Select pilot crop insurance program. Producers must report hemp acreage to FSA after planting to comply with federal and state law enforcement. The Farm Bill defines hemp as containing 0.3

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Cannabis Law Report

OCTOBER 4, 2021

About The Parent Company: Formed in January 2021 , The Parent Company is a leading vertically integrated California cannabis company. Such risks and uncertainties include, but are not limited to: changes in general economic, business and political conditions, changes in applicable laws, the U.S.

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Cannabis Law Report

FEBRUARY 16, 2022

The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States.

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Cannabis Law Report

OCTOBER 12, 2021

Most recently, the company announced revenue guidance for 2021, a Brand Campus to enhance its presence and profitability in Arizona , and two new members to the Board of Directors (the “ Board “) as catalysts to lead the next phase of growth. Kevin served on the board of directors of Celsius until August 19th, 2021.

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Cannabis Law Report

NOVEMBER 29, 2021

Through the first nine months of 2021, Harborside, on a pro-forma basis including revenue of Sublimation Inc. (“Sublime”) for the entire period, had gross revenue of US$57.8 Urbn Leaf prepares their financial statements in accordance with Generally Accepted Accounting Principles (GAAP) in the United States.

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Cannabis Law Report

AUGUST 19, 2021

Health Canada, under the Cannabis Act, granted Pure Extracts its Standard Processing License on September 25, 2020 and its Sales Amendment on July 19, 2021. Local state laws where its subsidiaries operate permit such activities however, these activities are currently illegal under United States federal law.

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Cannabis Law Report

MAY 28, 2022

Rather there are just too many legal risks and compliance costs, so most financial institutions stay away. In fact, only 518 of the nearly 5,000 commercial banks in the United States reported having served the cannabis industry in 2021. As Aaron Klein and John Hudak have explained in the past, financial institutions.

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Cannabis Law Report

NOVEMBER 2, 2021

Oracle wrote 21 October 2021. Five of them used an age verification form , which is in compliance with the FDA age requirements and state laws, where the customer has to upload a photo of a government ID, and the other required a signature on delivery of the package. These states are: Alaska. Methodology.

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