Cannabis Law Report

JULY 1, 2022

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Strengthen labor peace requirements. DCC Director.

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Illinois News Joint

MARCH 4, 2023

The Illinois Department of Public Health (IDPH) updated its January 2023 and February 2023 medical cannabis sales totals yesterday for the first time this year. Medical cannabis sales for 2023 started well below the 2022 and 2021 monthly totals. In January 2023, Illinois collected $27,621,022.42 February: $28,187,064.97

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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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Cannabis Law Report

AUGUST 15, 2022

Q2 2022 Systemwide Pro Forma Revenue of $34.5 million, an increase of 6% from Q1 2022 Q2 2022 Adjusted EBITDA of $9.2 million, an increase of 2% from Q1 2022. Conference call to be held today, August 15, 2022 at 5:00 p.m. August 15, 2022 – 4Front Ventures Corp. Q2 2022 Highlights. PHOENIX, Ariz.,

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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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Canna Law Blog

NOVEMBER 18, 2022

On November 15, 2022, New York’s Cannabis Control Board (CCB) announced a significant CCB meeting that is scheduled to be held in-person and virtually on November 21, 2022. Here are the big takeaways from the preview, broken down by license type : Cultivation License. Cannabis Collective (Co-op).

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Cannabis Law Report

SEPTEMBER 16, 2022

Free cannabis testing for ACT home-growers. 15 September 2022. University to study cannabis use and cultivation in the ACT. A study will examine home-grown cannabis in the Australian Capital Territory for medicinal and non/medicinal purposes. The study is only open to current residents of the ACT.

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SpeedWeed

AUGUST 26, 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. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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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. Currently, the cultivation tax rates are $10.08 On Friday, May 13, California Gov. per ounce of flower, $3.00

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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

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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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

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

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. With such weak growth, unclear if “excess revenues” contemplated in Gov’s May Revision cannabis proposal will materialize in 2021-22. [2/2]. Read the full story at. .

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Cannabis Law Report

JULY 29, 2021

Columbus, OH – PRESS RELEASE – Today, the Coalition to Regulate Marijuana Like Alcohol is formally launching its effort to legalize adult-use cannabis by submitting summary language of an initiated statute to the Ohio Attorney General’s office. “We Coalition to Regulate Marijuana Like Alcohol has submitted signatures for an initiated statute.

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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. Where cannabis cultivation and processing operations may operate is also subject to local (i.e.,

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Cannabis Law Report

DECEMBER 6, 2021

(NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products, announced today 2022 revenue guidance of $35-45 Million. Further, Flora Growth will hold a webinar on Tuesday, December 14 th , at 4:30 p.m. Registration Link: [link]. About Flora Growth Corp.

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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.

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Cannabis Law Report

JULY 12, 2021

Meanwhile, a separate campaign to legalize medical cannabis in the state is also underway, with advocates actively collecting signatures to qualify that measure for the 2022 ballot. Home cultivation would be prohibited, however, and there would be no legal and licensed system of cannabis retailers.

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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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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. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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Cannabis Law Report

JANUARY 13, 2022

Facing a possible industry revolt over California cannabis tax structure, Gov. The governor included in a budget proposal he released this week that he “supports cannabis tax reform and plans to work with the Legislature to make modifications to California’s cannabis tax policy to help stabilize the market.”

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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. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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Cannabis Law Report

MARCH 24, 2022

23 March 2022. after accidental ingestion of cannabis. opens online applications for cannabis licensing to hemp farmers. Kathy Hochul (D) opened applications for hemp farmers looking to obtain a license to grow adult-use cannabis in the state through the state’s Seeding Opportunity Initiative. Delta 9 THC.

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Cannabis Law Report

MARCH 30, 2022

The Hawthorne Collective to advance an additional US$25 million to RIV Capital concurrently with transaction, deepening relationship and adding to RIV Capital’s balance sheet. TORONTO — March 30, 2022 — RIV Capital, Inc. market and expansion into licensed adult-use operations in New York. “The Mr. Sims said. “By

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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

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. million in taxes from cannabis cultivation.

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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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Cannabis Law Report

JUNE 10, 2021

County supervisors Wednesday approved by a 4-1 vote an environmental review process for commercial cannabis operations in unincorporated areas, allowing for future expansion. The two-year PEIR process would cover all potential uses including retail, distribution, testing, manufacturing, indoor and outdoor cultivation, and microbusinesses.

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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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Veriheal

FEBRUARY 17, 2022

states that have legalized cannabis in some form, but advocates have continued to work hard on cannabis legalization and decriminalization proposals. . National Libertarian Party members went down in history last July when they submitted two cannabis-related ballot initiatives. Barriers to Wyoming Cannabis Legislation.

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Cannabis Law Report

MAY 11, 2022

Cannabis Daily Report. Two workers at California cannabis cultivators filed a complaint alleging they were wrongly dismissed after they protested a ban on women working in grow rooms and employees not being permitted to get pregnant, among other issues, per Law360. It’s worth noting this from March 2022 via High Times.

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Canna Law Blog

NOVEMBER 16, 2022

It’s no secret that, among California’s many cannabis industry issues, local control continues to stymie the success of the Golden State’s industry. In this, California is not alone– most cannabis is all local. Back in August, I wrote about the cannabis tax measure in L.A. That’s a good thing.

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Cannabis Law Report

JANUARY 11, 2022

Flora’s cultivation and extraction division, Cosechemos, completed construction of a 10,500 ft 2 state-of-the-art post-harvest and extraction facility with annual capacity of 15,000 L of distillate. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. At this time, the team is continuing commercial CBD extraction.

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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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SpeedWeed

AUGUST 27, 2021

a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, a licensed medical cannabis processor in Ohio. Jushi’s objective is for our brands and product offerings to not only meet but exceed cannabis consumers’ expectations.

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Cannabis Law Report

SEPTEMBER 22, 2022

Oneida Indian Nation to Launch Cannabis Operation. Oneida Indian Nation Homelands (September 19, 2022) – The Oneida Indian Nation will start construction next month on a full-scale, 50,000-square-foot cannabis cultivation and production facility. Press Release.

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