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Manzuri Law Firm : California Summer 2022 Update

Cannabis Law Report

Governor Newsom signed AB-195 into law, which came with sweeping changes specific to the cannabis sector — including changes to cannabis tax & relief, compliance, and oversight. Additionally, the state released its first-ever applications for manufacturing commodities from industrial hemp.

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House Makes Another Push For SAFE Banking Act

Cannabis Law Report

On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA). ” This can be difficult, considering that state laws are detailed, evolving and vary from state to state.

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Oregon Psilocybin Services – Summer Newsletter

Cannabis Law Report

Client and product safety: packaging, labeling, dosage, duration and frequency. Measure 109 directed OPAB to submit recommendations for rules and regulations to the Oregon Health Authority on or before June 30, 2022. The first subset of rules related to psilocybin products, testing and training programs was adopted in May 2022.

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Grown Rogue Provides Michigan Update

Cannabis Law Report

An additional 25,000 sq ft is expected to be operational by June of 2022 increasing annual yields to over 8,000lbs. The quality of Grown Rogue’s flower produced in Michigan through Golden Harvests continues to be recognized around the state driving premium pricing.

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Grown Rogue Reports Record Q3 2021 Results, 73% Gross Margin and 55% aEBITDA1 Margin in Michigan

Cannabis Law Report

We believe our costs per pound will continue to move lower with additional economies of scale and expect to continue the trend of cost improvements in fiscal Q4 and in fiscal 2022.”. Highlights by State. 45,000 square feet are now in operation, with another 20,000 square feet expected to be online by June 2022. – 27,492.

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Grown Rogue Reports Fourth Quarter 2021 Results, 30% aEBITDA1 Margin and 24% Sequential Revenue Growth

Cannabis Law Report

We are excited to enter 2022 where we expect to continue building our low-cost, high-quality flower business and launch some new products into our markets.”. Highlights by State. Indoor production run rate expected to increase from 700 pounds/month in Q4 2021 to 1000 pounds/month in the Q2 2022. Oregon Operations.

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In the Weeds: Missouri Settles With Producers, Treasury Seeks Input on Marijuana Businesses

Cannabis Law Report

June 15, 2022. In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. On June 8, 2022, the U.S. Newsworthy Highlights. SOURCE: [link].