USA: Farmington Research – Free Report: The Future of Cannabis in Beverage Product Formulation

Cannabis Law Report

billion by 2023, and the race for consumer mindshare is on. The Blurb says… The CBD beverage industry is predicted to reach $1.4 However, brands … Read More. Breaking News

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Illinois: Medical Cannabis Expansion Measures Signed into Law

NORML

Senate Bill 2023 expands the state’s medical cannabis program by adding several new qualifying conditions, allowing physicians assistants and advanced practice registered nurses to recommend medical cannabis to their patients, allowing minor patients to have up to three caregivers instead of two, among other changes. Illinois Governor J.B. Pritzker (D) has signed two separate medical cannabis expansion bills into law.

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NJ Cancels Vote On Adult Use Murphy Couldn’t Muster The Numbers

Cannabis Law Report

billion in annual retail sales by 2023. MJ Biz Report. New Jersey lawmakers called off their scheduled vote Monday on a bill to legalize adult-use marijuana after Gov. Phil Murphy failed to persuade enough lawmakers to support the legislation. In the short term, New Jersey misses an opportunity to legalize an industry that was projected by Marijuana Business Daily to generate $1.2 billion-$1.5

Cannabis in Australia: You Better Run (to It)

HarrisBricken

It does not appear that New South Wales (NSW) will provide the spark, at least not until its next elections in 2023.

MJ Biz Publish 2019 Factbook

Cannabis Law Report

Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $12 billion by the end of 2019 – an increase of roughly 35% over 2018 – and could rise as high as $30 billion by 2023. Exclusive: US retail marijuana sales on pace to rise 35% in 2019 and near $30 billion by 2023. That’s according to exclusive projections from the 2019 edition of the Marijuana Business Factbook. They write.

Cannabis News 02/19/2021

Nature's Way Medicine

The proposal is expected to bring $165 million annually after 2023. This week’s cannabis news consists of updates for Mississippi, Wisconsin, North Dakota, Michigan, and Pennsylvania. President Biden’s administration does not seem to want to relax their stance on cannabis but U.S.

Connecticut Governor Makes Plan To Legalize Cannabis

SpeedWeed

million for the 2023 budget, and $97 million by 2026. . Connecticut Governor Ned Lamont would like to see legal cannabis in his state, both because he would like to bring more money into Connecticut, and because he hopes legalization will help end racial disparity in arrests in the state.

CBD is on a Roll, but the FDA is Hitting the Brakes

MJ Business Attorneys

CBD sales by 2023. As the U.S. market for CBD continues to skyrocket and companies competing in the cannabis space become more developed, they are being held back by the slow federal regulatory response at the Food and Drug Administration. On Monday, July 22, the U.S. Food and Drug Administration sent a letter to Curaleaf Holdings CEO Joseph Lusardi warning that the company’s products were misbranded as having specific health benefits.

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California Proposes New Greenhouse Energy Codes

SpeedWeed

1, 2023. <![CDATA[. CDATA[. The Codes and Standards Enhancement (CASE) Initiative suggested new energy code requirements and changes to existing requirements for projects regarding greenhouses and controlled environment horticulture in California, updating the original California Energy Code (Title 24, Part 6) submitted in October 2020.

The Week in Weed: February 26, 2021

The Blunt Truth

Bill Mercer (R-Billings) wants to delay the sale of adult-use marijuana until 2023. Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. New Jersey (finally) passes a legalization bill.

Leaf Traders Launches First Survey Marketplace for Cannabis and Hemp Market Research

Canna Newswire

The North American cannabis market is projected to grow from more than $8 billion in goods and services in 2017 to $35 billion by 2023, according to Research and Markets. TRAVERSE CITY, Mich. September 24, 2019 / Canna Newswire / – Leaf Traders, a development company, is launching the first self-service survey marketplace for qualitative cannabis and hemp market research.

Weekly Legislative Roundup 5/31/19

NORML

Legislation is pending, House Bill 2980 / Senate Bill 2023, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Update : SB 2023 was approved by the House Judiciary Criminal Committee on 5/29/19. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!

French Cannabis On A Roll With CBD Set For Transformation Into A €1bn Industry – Cannabis Business Executive

SpeedWeed

French hemp group – the Medical Cannabis and Wellness Hemp Union (SPC) – estimates these changes could transform French CBD into a €1bn industry by 2023. A NEW parliamentary report has issued a set of recommendations which could massively boost the French hemp and CBD industry.

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What To Consider Before Entering the European CBD Market

Canna Law Blog

Europe has also witnessed a huge demand for the most coveted cannabinoid, whose market, Brightfiled Group predicts, will grow by 400% by 2023. This past year, the cannabidiol (“CBD”) craze has taken the world by surprise, showing remarkable prospect for economic growth. According to BDS Analytics and Arcview Market Research , the CBD market is expected to surpass $20 billion by 2024 in the United States alone.

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Oregon is the First State to Boldly Contest the War on Drugs

Veriheal

With the passing of Measure 110, this fund is said to see an increase of $91 million a year from 2021 through 2023. Oregon is all the buzz when it comes to the conversation of drugs and their legalization. The 2020 election saw Oregon put ALL drug legalization on its 2020 ballet. Measure 110 passed with flying colors making Oregon the first state in America to decriminalize the minor personal possession of ALL drugs. Drugs like oxycodone, meth, cocaine, heroin, and others.

Hemp CBD Across Europe: Spain

Canna Law Blog

billion by 2023. The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. The highly coveted cannabinoid is infused with everything: bath bombs, dog treats and even workout clothes (yes, workout clothes!). According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025.

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Law Firm, Drummond Woodsum Report On Maine Legislature, New Rules Adopted

Cannabis Law Report

In fiscal year 2023, Maine is banking on $33.2 The firm writes, ” As of 5:30 this morning, the adult use marijuana rules had been approved by the Maine State Legislature and were headed to the Governor’s desk for her signature. The rules will go into effect in 90 days, assuming the Governor signs the bill today.

California Won’t Be Giving Out Cannabis Licenses Forever

Canna Law Blog

MAUCRSA even envisions that large size (Type 5) cultivation licenses will be issued in 2023. California’s cannabis law—the Medicinal and Adult Use Cannabis Regulation and Safety Act and its corresponding regulations (or “MAUCRSA”)—doesn’t put a cap on the number of licenses that will be issued. In theory, the state could issue unlimited licenses, but that’s extremely unlikely to happen in light of how municipalities across the state have limited commercial cannabis activity.

Here’s what’s legal under New Jersey’s updated marijuana laws

SpeedWeed

The new law caps the number of state-licensed cannabis growers at 37 through early 2023. Earlier today New Jersey Gov. Phil Murphy signed into law a package of bills that create the rules and regulations regarding the state’s legal cannabis industry.

Weekly Legislative Roundup 4/5/19

NORML

Legislation is pending, House Bill 2980 / Senate Bill 2023, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Update : SB 2023 was approved by the Senate on 4/4/19, and will now be transmitted to the House. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!

2020 California Cannabis Bill Round-Up

Canna Law Blog

” Basically, cultivation tax rates won’t increase from now until 2023 only with adjustments for inflation. Due to coronavirus, what normally would have been a pretty robust legislative session in the California Assembly for new cannabis bills was generally underwhelming.

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Report: From Farm to Aisle U.S. CBD Market 2019 Report

Cannabis Law Report

By 2023, Brightfield Group estimates that the total U.S. The Introduction. The Farm Bill brought immense change to the industrial hemp world, legalizing CBD and opening the floodgates for a brand new industry. While the start of 2019 was dominated by companies well-positioned to enter the space – vape companies, for example – Q2 gave way to large retailers like CVS and Walgreens, signaling to the rest of the country that CBD is going mainstream.

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Hemp CBD Across Europe: Germany

Canna Law Blog

billion by 2023 (in my opinion, it’ll be even more than that). We’ve been writing about various European countries’ approaches to regulating hemp (or auf Deutsch , Hanf ) and hemp-derived cannabidiol (which I’ll refer to as “CBD”). While readers of the blog know that the legalization of hemp via the 2018 Farm Bell led to a massive CBD explosion in the United States, it’s only starting to dawn on folks in the U.S. that the CBD craze is global.

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Hemp CBD Across Europe: The United Kingdom

Canna Law Blog

billion by 2023. The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. The highly coveted cannabinoid is infused with everything: bath bombs, dog treats and even workout clothes (yes, workout clothes!). According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025.

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Illinois Governor Signs Bill Expanding Medical Marijuana Program

The Joint Blog

” The two measures signed into law are Senate Bill 2023 and Senate Bill 455. On Monday Illinois Governor J.B. Pritzker signed two measure that expands the state’s medical-marijuana program while cementing it into law.

Canadian Hemp Trade Alliance (CHTA) and Canadian Health Food Association (CHTA) Publish White Paper

Cannabis Law Report

Support expansion of the Canadian hemp industry, including a 7 times increase in sales and jobs, by 2023. Following is their letter to members. See the White Paper below. Dear CHTA Members, We need your help! The Canadian Hemp Trade Alliance (CHTA) and Canadian Health Food Association (CHTA) distributed the attached News Release and White Paper on 8May2019 asking the Government of Canada to revise their policy on CBD. The initial response from our government contacts was positive.

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Zambian Govt Spokesperson Says Country Has Legalized Production & Export of Cannabis

Cannabis Law Report

billion annually by 2023 if legislation is introduced in some of the continent’s major markets, according to research from The African Cannabis Report, the first detailed report on the legal cannabis industry in Africa.

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Social Equity Programs in Cannabis – Worth their Weight?

The Blunt Truth

billion in the US by 2023, States have generated as much as $369 million in cannabis tax revenues in a single year, and legal cannabis is said to support over 240,000 American jobs. As the legal cannabis industry has expanded across the US over the past decade, green is the most prominent color seen in this space. In addition to the color of the flower, sales are projected to reach up to $30.4

Portugal: KANNABEIRA® is a project and a registered trademark under the company Green Donation, Ltd. for the production R&D of pharmaceutical grade standardised cannabis.

Cannabis Law Report

We are commencing the first phase with the implementation and production of 1 hectare of greenhouse and 2 hectares of outdoor growth space, with the potential to expand to 2 hectares of greenhouse and 5 hectares of outdoor growth, by the end of 2023. KANNABEIRA® is a project and a registered trademark under the company Green Donation, Ltd. for the production R&D of pharmaceutical grade standardised cannabis.

ILLINOIS ROUNDUP: AN EXPANDED (AND PERMANENT) MEDICAL PROGRAM AND ONGOING TWEAKS TO THE RECREATIONAL PROGRAM

Cannabis Law Report

On the medical side, Governor Pritzker signed Senate Bill 2023 , which expands and makes permanent the Compassionate Use of Medical Cannabis Program Act in Illinois. Authors Akshita Singh , Irina Dashevsky . Aug 21, 2019 . Illinois remains the epicenter of marijuana legalization in 2019.

Malta: Cannabis smokers will register with State under proposed reform

Cannabis Law Report

billion of medical marijuana by 2023. billion of medical marijuana by 2023. Malta Today reports. Cannabis smokers will be asked to register with the government once a reform of the country’s cannabis rules is implemented.

Despite Minor Setbacks, Colombia Still On Track to Become a Leading CBD Exporter

WeedAdvisor

alone could be worth almost $23 billion by 2023.”. Colombia garnered a lot of attention in recent months, especially from large investors. But its ideal climate and cheap labour were soon offset by the country’s intense regulations, which created a developmental bottleneck. Although this issue did not bode well for those interested in doing business with Colombia, it has not changed the country’s direction. According to 420 Intel , progress is slow, but steady.

Article – Thompson Coburn LLP: What’s new for medical cannabis facilities after the Cannabis Regulation and Tax Act

Cannabis Law Report

Separately, the Illinois General Assembly has passed SB 2023, which aims to stabilize and make permanent the State’s medical cannabis program. Among the changes that SB 2023 will bring upon the Governor’s signing includes the addition of 11 new qualifying conditions for medical marijuana patients. Authored by T.O. Odutayo & Kevin Young. On June 25, 2019, Illinois Governor J.B.

Weekly Legislative Roundup 3/22

NORML

SB 2023 was approved by the Senate Financial Institutions Committee on 3/20. Welcome to the latest edition of NORML’s Weekly Legislative Roundup! The U.S. House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Hemp/CBD Litigation Forecast: Cloudy with a Chance of Damages

Canna Law Blog

sales by 2023. Our cannabis attorneys are often asked by media, clients, and other professionals working in the hemp and CBD marketplace what we think will be the next “big issue” in this developing industry. Often these questions concern regulatory and compliance questions, as (most) companies are keen to mitigate risk and avoid running afoul of state and federal regulators.

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LeafWorks, Botanical Genomics Company, Launches its Gender ID Test for Both Cannabis and Hemp Industries

Canna Newswire

Cannabis is a projected $27B US industry by 2023, with a 21 percent compound annual growth rate (CAGR), and the US cannabis testing sector alone is valued at $1.4B Delivers solutions to enable rapid detection and elimination of male plants for growers. Offers a borderless testing solution for the $12.1B cannabis industry. Soon to offer Herbal ID and Cultivar ID Tests. SEBASTOPOL, Calif.

Weekly Legislative Roundup 3/29

NORML

SB 2023 was approved by the Senate Financial Institutions Committee on 3/20. Welcome to the latest edition of NORML’s Weekly Legislative Roundup! The U.S. House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. It now awaits consideration by the U.S. House Judiciary Committee. Guam became the first US territory to send a bill legalizing the adult-use of marijuana to the governor’s desk in 2019.