Cannabis Law Report

JANUARY 9, 2022

Legalizing cannabis for adults has been a wise investment. billion in tax revenue from legal, adult-use cannabis sales. billion in tax revenue from legal, adult-use cannabis sales. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

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Cannabis Law Report

JANUARY 14, 2022

With a new year, comes a new legislative session, which started on January 10, 2022 here in Washington state. In Washington, we have short sessions (60 days) in even-numbered years and longer sessions (105 days) in odd-numbered years, so in 2022 there will be a short session. Concerning ownership of cannabis-related businesses.”.

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Cannabis Law Report

JULY 11, 2022

AB-195 contains several significant reforms to California’s cannabis laws. The most noteworthy changes are outlined below, beginning with the much-anticipated changes to cannabis taxes. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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Cannabis Law Report

MAY 13, 2022

Good afternoon, The Governor’s Office today released a revised 2022-23 state budget proposal, building on the state’s ongoing work to make historic investments in California’s future, including efforts to create a safe, sustainable, and equitable legal cannabis market. Thank you, Nicole Elliott, DCC Director. PRESS REPORTS.

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Cannabis Law Report

FEBRUARY 14, 2022

Our families and communities are suffering, and we urgently need access to preventative and curative medicines and medical care that is safe and effective. These ground-breaking treatments offer therapeutic access to either psilocybin (the active ingredient in ‘magic mushrooms’) or MDMA, a synthetic medicine.

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Cannabis Law Report

MAY 16, 2022

MAY 16, 2022 BY DEANNA J. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis.

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Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. 8 MARCH 2022. SOURCE US HEMP ROUNDTABLE.

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Cannabis Law Report

AUGUST 17, 2022

Revenue for Q2 2022 increased 15% to $39.9M, compared to $34.7M For the six months ending June 30, 2022, revenue was $86.5 Adjusted EBITDA loss for Q2 2022 was $5.8 For the six months ending June 30, 2022, adjusted EBITDA loss was $11.1 Net sales for the three months ending June 30, 2022, were $39.9 in Q2 2021.

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Cannabis Law Report

SEPTEMBER 23, 2022

The Washington State Liquor and Cannabis Board (LCB) is hosting a conversation on Tuesday, Oct. to explore ideas for modernizing the rules regarding cannabis plant canopy in WAC 314-55-075. It links ideas among a group to access the “collective intelligence” of participants, and to understand/learn from multiple points of view.

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Cannabis Law Report

FEBRUARY 19, 2022

While cannabis legalization moves full steam ahead through much of the Northeast, the southeastern U.S. These states haven’t made major headlines for their progressive cannabis policies, but together they constitute a major market that has, nevertheless, dipped its toe in the water. has been notably slow to uptake major reforms.

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Veriheal

SEPTEMBER 23, 2021

Cannabis; it’s smoking hot right now. Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 cannabis industry is estimated to be worth $61 billion as of 2021.

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Cannabis Law Report

MAY 18, 2022

Residents of California often complain about high taxes, but no one pays higher taxes than the cannabis industry. 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

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Cannabis Law Report

APRIL 11, 2022

Start date: May 3rd, 2022. Click on each link below to access the Eventbrite page of each course and read more about each: Diversity, Culture and Social Justice in Psychedelics. Includes access to all classes and a complimentary full year-long Chacruna membership . Here’s what they say. The Science of Psychedelic Healing.

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SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. There are people here who suffer, and we’re behind the times.

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Cannabis Law Report

MAY 8, 2022

This time last year the Legalise Cannabis Party in Australia was comprised of a number of disparate state-based organisations. April 7 2022 Michelle talks to Hemp Engineering Pty Ltd . I am the founder of the ECS Wellness Collective. In 2021 I joined the Legalise Cannabis Australia as a Volunteer Coordinator.

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SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. There are people here who suffer, and we’re behind the times.

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Veriheal

JUNE 30, 2023

A study investigated psilocybin’s effect on alcohol addiction, the FDA outlined best practices for future psychedelic research, and the NCAA is inching toward cannabis policy change. Lastly, the guide lays out the complex DEA registration process researchers much navigate to gain access to plants like psilocybin.

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Cannabis Law Report

JULY 12, 2022

In its continuing series of whitepapers, the EveryLibrary Institute has created the “Cannabis Tax Policy and Libraries” whitepaper (July 2022) to help inform library leaders and public policy stakeholders about the role that revenue from recreational cannabis should have in supporting public libraries as community anchor institutions.

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Cannabis Law Report

APRIL 14, 2022

Cannabis cultivation and processing are rapidly-growing industries, as hemp and both recreational and medical marijuana products are being legalized across the country. by eating or smoking cannabis) are unknown. Since growing cannabis has not always been legal, growers did not always choose pesticides that were “approvable” by EPA.

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Cannabis Law Report

APRIL 28, 2022

DEMECAN’s first cannabis shipment to the BfArM is ready for collection and includes more than 100 kg of cannabis flowers. High-quality cannabis flowers from DEMECAN’s German high-end facility are now available to patients. 2500 cannabis plants are now growing in its own flower rooms in Saxony.

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Cannabis Law Report

JUNE 2, 2021

Researchers studying the efficacy of marijuana treatments for veterans’ mental health now have access to $20 million in marijuana tax revenue to fund clinical trials. Government revenue collected in recreational marijuana excise taxes totaled $31 million in fiscal year 2020. The deadline for proposals is Friday, July 16. Between Dec.

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Canna Law Blog

DECEMBER 30, 2022

On December 1, 2022, the Los Angeles Controller released a report (PDF here ) with a pretty lame pun as a name: “High Maintenance: Review of the City’s Cannabis Regulation Efforts.” LA has collected a LOT of tax money. This makes LA the largest local cannabis tax collector, possibly in the world.

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Cannabis Law Report

JANUARY 3, 2022

Hemp Access and Consumer Safety Act. The cannabis industry, when federally legal, will face the same situation with THC, which has been approved as a drug,” Shea said. Cannabis Administration and Opportunity Act. The latest comprehensive cannabis legalization bill, introduced in November by South Carolina Republican Rep.

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Cannabis Law Report

JUNE 11, 2021

On March 31, 2021, New York Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act (MRTA) into law, legalizing adult-use cannabis in the state and establishing a regulatory framework to govern what likely will be one of the nation’s largest cannabis markets. However, there are some exceptions.

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Cannabis Law Report

MAY 25, 2022

FEBRUARY 26, 2022. Every year, the IRS collects billions of dollars from cannabis business owners. If cannabis were federally legal and taxed, then federal tax revenue from cannabis commerce could rise to $18 billion a year. 280E no longer applying to cannabis companies.

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Illinois News Joint

FEBRUARY 7, 2023

The Cannabis Regulation Oversight Office (CROO) recently announced the official commissioning of the Disparity and Availability Study for adult use cannabis licenses in Illinois as required by the Cannabis Regulation and Tax Act (CRTA). Illinois’ current cannabis licensing program does not consider race and gender for licensing.

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Veriheal

MAY 17, 2023

On April 26, Singaporean authorities at Changi prison executed Singaporean Tamil national Tangaraju Suppiah, 46, who was purportedly involved in the trafficking of 1 kilogram of cannabis—a crime that his family believes he is innocent of committing. After a two-year break, Singapore’s death penalty was reinforced in early 2022.

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SpeedWeed

JULY 15, 2021

California just signed a new law into effect that will consolidate the state’s cannabis programs into one department. . This was done to help simplify regulatory oversight and make access to licenses more clear and straightforward for those seeking to find them. . California Cannabis Changes on the Horizon.

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Veriheal

APRIL 10, 2023

Kentucky legalized medical cannabis! That’s right—medical cannabis is legal in the state of Kentucky, making the Bluegrass State the 38th state in the nation to go green supporting positive cannabis reform. million people who didn’t previously have legal access to medical cannabis.

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Cannabis Law Report

JULY 22, 2022

Partnership to Support the Regulation of the State’s Medical Cannabis Market with the Implementation of the Company’s Innovative Track-and-Trace System. July 21, 2022 08:00 ET | Source: Metrc LLC. July 21, 2022 (GLOBE NEWSWIRE) — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S.,

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Cannabis Law Report

JULY 29, 2022

million , to be made through $50,000 per-month payments over an expected period of 116 months, beginning in August 2022. million as at March 31, 2022 (the “Provision”). It is anticipated that the adjustment will be reflected in the Company’s financial results for the second quarter ended June 30, 2022.

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SpeedWeed

MAY 21, 2021

On Raw Garden’s website, as of May 2021, the Santa Barbara-based cannabis cultivation business lists “839 strains and counting,” each one an example of the breeding program at the heart of the garden. A lot of the early culture and ethos was built around the idea of developing good medicine: quality, consistently, at an accessible price.

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Cannabis Law Report

JUNE 6, 2022

NuLeaf Las Vegas The Strip, Located by 18b Las Vegas Arts District on The Las Vegas Strip, to Begin Serving Customers on Wednesday, June 8, 2022. June 6, 2022 — After acquiring Nevada-based vertically integrated operator NuLeaf, Inc., BOCA RATON, Fla., of cultivation and manufacturing space.

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Canna Law Blog

AUGUST 31, 2022

Published in Law360 on August 30, 2022. © Copyright 2022, Portfolio Media, Inc., A recently filed cannabis case in Oregon, Drops LLC v. La Mota, the plaintiff is a well-known purveyor of cannabis candies, operating under a license issued by the Oregon Liquor and Cannabis Commission. publisher of Law360.

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Cannabis Law Report

APRIL 28, 2022

New – ABA + 51 state bankers associations ask @SenateDems @SenateGOP @SenateBanking @BankingGOP leaders to include "widely supported, bipartisan" #SAFEBanking Act in COMPETES Act so cannabis businesses can access banking in states where cannabis is legal: [link].

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Canna Law Blog

JULY 5, 2022

When it comes to cannabis ballot measures, a common promise is made to voters that the increased tax revenue from cannabis sales will go back into the community. Cannabis taxes are therefore unavoidable. In turn, all states have their fair share of cannabis tax headaches. Governor’s Cannabis Tax Proposal.

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Cannabis Law Report

AUGUST 16, 2022

16, 2022 (GLOBE NEWSWIRE) — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S., announced a new contract with the State of Alabama to support the regulation of its medical cannabis market. This marks Metrc’s 23 rd government contract to date and sixth so far in 2022.

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