South Africa Will Have To Wait Until 2023 For Full Cannabis Regulation Says Media Report

Cannabis Law Report

Moneyweb South Africa reports The possession, cultivation and use of cannabis for private use is expected to be passed into… Read More. Breaking News

Legal weed deal reached between Gov. Lamont, Connecticut lawmakers; homegrown OK’d in 2023; still needs approval in coming days – Cannabis Business Executive


Lamont, Connecticut lawmakers; homegrown OK’d in 2023; still needs approval in coming days – Cannabis Business Executive – Cannabis and Marijuana industry news. Lamont, Connecticut lawmakers; homegrown OK’d in 2023; still needs approval in coming days – Cannabis Business Executive appeared first on SpeedWeed. Legal weed deal reached between Gov.


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MAPS Bulletin Winter 2021: Vol 31, No. 1 Now Published

Cannabis Law Report

Here’s the Table of Contentents Psychedelic Science 2023 3 From the Desk of Rick Doblin, Ph.D., MAPS Founder and Executive… Read More. Psychedelics Psychedelics General


CBD market in US continues to boom led by topicals and cosmetics

Cannabis Law Report

The US market for CBD and hemp-derived products is growing, and CBD-Intel claims it can reach 3bn in 2023. The… Read More. USA CBD Expo

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


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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New Mexico Legislature Passes Cannabis Legalization Bill

Connor & Connor PLLC

The newly-established Cannabis Control Division will oversee regulation of the cannabis industry in New Mexico, which is projected to yield upwards of $30 million in state and local revenue in 2023. The New Mexico Legislature passed House Bill 2 (“HB 2”) on March 31, 2021.

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

MDMA (Ecstasy) Nears FDA Approval for PTSD Treatment


MAPS is preparing for a sprint to the finish line, aiming for FDA approval in 2022 and drug commercialization in 2023.

Cannabis in Australia: You Better Run (to It)


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

Psychedelic Decriminalization and Legalization Roundup


Oregon (Statewide) : In the 2020 elections, the state passed Measure 110, which decriminalized all drugs, and Measure 109 , which paves the way towards legalization and licensing of psilocybin commencing in 2023. It’s not been two years since Denver decriminalized psilocybin.

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.

The Week in Weed: January 29, 2021

The Blunt Truth

The Governor’s goal is to establish legal sales in 2023. Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Arizona has already started sales of adult-use marijuana.

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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Canopy Growth Reports Billion Dollar Losses For 2021

Cannabis Law Report

Canopy said in a statement that the implementation of supply chain optimization was well underway with network optimization and complexity reduction initiatives expected to realize its previously stated cost savings of $150 million to $200 million by the end of the first half of FY 2023.

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.

A High Tax State – New York’s Potency Tax on Adult-Use Cannabis

The Blunt Truth

Adult-use cannabis legalization was passed in New York State when Governor Andrew Cuomo signed the Marijuana Regulation & Taxation Act (the “MRTA”) into law on March 31, 2021, after the Governor had previously attempted to include the legalization of adult-use cannabis in his last three budget proposals.

Are Psilocybin Spore Kits Legal?


And yes, Oregon will eventually have a regulated market but not until at least 2023. Psilocybin (the chemical), psilocybin mushrooms, and anything containing psilocybin is illegal at the federal level and in every state in the United States.

France’s 2-Year MMJ Experiment: All You Need To Know

MMJ Recs

The experiment will run until 2023, and is designed to explore how, and if, legal MMJ would work in France. The country of France is embarking on a two-year medical marijuana experiment.

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


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!

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.

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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.

New York Cannabis Licensing, Part 2: The Application Process


The MRTA requires the CCB to deliver its first annual report by January 1, 2023, which means that the MRTA contemplates cannabis sales in 2022.

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.

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California Cannabis Changes: What Might We See From the DCC?


Further, Type 5s will be available in 2023 and we have zero regulation around those license types, so the DCC may well just get into Type 5 limitations once it comes to power.

New York’s Cannabis Control Board – The New Sheriff in Town


Here is what we do know: the MRTA requires the CCB to issue an annual report on the effectiveness of the MRTA, with the first such report due by January 1, 2023.

Feds Greenlight New Clinical Study Allowing Therapists to Legally Use MDMA


If all goes to plan, this therapy will be legal by 2023 , which underscores the need to train therapists to effectively administer these treatments. The US Food and Drug Administration (FDA) has just approved a new clinical trial that will allow therapists to legally use MDMA.

Final Phase of MDMA Clinical Trials Shows Drug Is 90% Effective at Treating PTSD


If all goes well, the FDA could legalize MDMA-assisted therapy next year, which would make it legally available starting in 2023. Image via.

Medical Marijuana Legalization Bill (SB 158) Approved By Kansas House of Representatives


The specific amount of cannabis would be determined by state officials, who would be tasked with drafting the rules and regulations for the medical marijuana program by July 1, 2023.

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.

Lawmakers Are Renewing Efforts to Legalize Medical Cannabis for Combat Veterans


To fund the research and policy changes, the bill would allocate $15 million in federal funding from the 2022 and 2023 fiscal budgets. Image via.

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


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: 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.

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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.

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”).

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Oklahoma Bill Would Welcome Medical Marijuana Patients From All 50 States


Another measure, House Bill 2023 , has also been referred to the Senate Business, Commerce and Tourism Committee after being approved by the House last month.