Canna Law Blog

MARCH 11, 2024

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.

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Canna Law Blog

MAY 18, 2023

As reported by Sophie Peel of the Willamette Week, on May 16, Governor Kotek issued a directive to the OLCC to make state tax compliance a requirement for the agency to issue or renew cannabis retail licenses. This tax policy may have a huge impact on the Oregon marijuana industry and the changes are coming fast ! We don’t know.

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Veriheal

MAY 4, 2023

This is the projected figure for Europe’s cannabis market by 2027, based on recent estimates published by Prohibition Partners. These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% at the end of 2020.

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Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Cannabis Law Report

JULY 1, 2022

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.

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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. million to help expand access to legal retail throughout California.

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Veriheal

JUNE 12, 2023

Meanwhile, a Denver cannabis enthusiast and Nuggets fan is working on two new cannabis cultivars that will get folks as elevated as the Nuggets are in the NBA finals. These special genetics are being bred to perfection by horticulturist and co-founder of Colorado’s Cherry Cannabis, Jason MacLean.

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Cannabis Law Report

APRIL 13, 2022

The 2023 Budget. Last week, the New York Legislature passed the State’s 2022-2023 Budget. Among these is a tax provision that the Legislature hopes will benefit a relatively new industry that Albany [vi] has sought to foster over the last few years: cannabis. New York on Cannabis.

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The Blunt Truth

APRIL 22, 2021

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. per milligram; and. (3)

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The Blunt Truth

JULY 5, 2023

Since 2014, Minnesota has provided applicants and employees with protections if they lawfully use cannabis for medicinal purposes. The new law amends the state’s Consumable Products Act to protect off-duty cannabis use. The new law amends the state’s Consumable Products Act to protect off-duty cannabis use.

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Veriheal

AUGUST 16, 2023

The NFL and the Players Union Announce a Joint Statement The historic announcement came in June 2023, as the NFL and its player’s union, the NFLPA , jointly revealed their commitment to back further independent CBD research. In 2020 the NFL changed its drug testing policy, which was a significant development.

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Veriheal

JANUARY 12, 2023

The people of French Polynesia can now legally use medicinal cannabis following the local assembly’s approval of a consumption law. The law also permits the agricultural production of cannabis and hemp for industrial purposes, with a heavy emphasis on pharmaceutical crops. .

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Cannabis Law Report

SEPTEMBER 21, 2022

How Novus Integrated Cannabis In Employer-Sponsored Health Plans. Operates as a hybrid health insurance carrier and, the nation’s first health carrier offering cannabis that is included in health plans for recreational and medicinal users. Novus Cannabis MedPlans can put them compliant with State Attorney Generals.

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Veriheal

JUNE 6, 2023

The sample was collected on Feb. 17 at the 2023 USA Track and Field (USATF) indoor championships in Albuquerque, New Mexico, after she had won the long jump title with a record of 6.99 Davis-Woodhall tested positive for THC , a psychoactive chemical found in cannabis, marijuana, and hashish. 17 have been annulled. Since the U.S.

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Cannabis Law Report

DECEMBER 16, 2021

CDC Issues “Best Practices” for Businesses on Employed Drivers and Cannabis Use. The Centers for Disease Control and Prevention (CDC) published workplace guidance for creating marijuana policies and drug testing procedures for employed drivers, including education for drivers on marijuana’s effects on safe driving. Delta-8 Testing.

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Veriheal

NOVEMBER 6, 2020

A “Yes on Measure 110” campaign that helped bring awareness to this effort was funded by the Drug Policy Alliance, an advocacy group based out of New York. Measure 110 changes Oregon’s system for how cannabis tax revenue is distributed. million between 2021-2023 alone, with this number increasing over time.

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Cannabis Law Report

JUNE 20, 2019

With a 10 percent sales tax, and a 10 percent excise tax, Maine is expecting to collect about $4.4 million in taxes from marijuana sales by June 2020, the end of the fiscal year, according to David Heidrich, a spokesman for the Maine Office of Marijuana Policy. In fiscal year 2023, Maine is banking on $33.2

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Cannabis Law Report

JANUARY 12, 2022

Marijuana was once again one of the hottest legislative topics across the nation in 2021, and while some states’ new legislation provided greater protections to employers with drug-free and/or zero-tolerance policies, others took a more employee-friendly approach. The Hall Act went into effect immediately. Puerto Rico.

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Cannabis Law Report

FEBRUARY 4, 2019

Winter Edition 2019 – Cannabis. You can read more about product packaging and labeling requirements on the Understanding Board Interim Policies for Packaging and Labeling section of the LCB website. The policy only applies to approved owners who are investing their own personal money into the business. Otherwise, the $1.2

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Cannabis Law Report

AUGUST 12, 2022

This message is to address concerns raised recently by some cannabis licensees and labs about the implementation of the pesticide testing requirements. During the rule project for testing, the LCB identified and made clear the need for mandatory pesticide testing of cannabis products. 1 : Request to Extend the Deadlines.

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Cannabis Law Report

APRIL 12, 2022

Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Tuesday, April 12, 2022.

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Cannabis Law Report

JUNE 7, 2021

per RWB Share until May 12, 2023. The raise includes an investment of US $11,337,834 from certain strategic investors (collectively, the “ Investors ”) directly into RWB Florida (the “ Investment Transaction ”). The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S.

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Cannabis Law Report

AUGUST 4, 2021

from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Objectives for FY 2023 also remain unchanged and do not include any COVID-19 impact either.

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Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.

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Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.

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Meadow

DECEMBER 24, 2017

You can now get a license to grow and sell cannabis from the State of California That doesn’t mean it’s easy, or that most people will apply. I don’t really know, as Hezekiah was alluding to on the collective question, people have to have their come-to-Jesus moment. For those that want to, here’s (much of) what you need to know.

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Cannabis Law Report

MARCH 3, 2020

He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. billion through 2023, according to the Brightfield Group. Hit: “ Hemp University: getting schooled on cannabis ” – CBS News 10, March 26, 2019. While Hemp, Inc.

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Cannabis Law Report

NOVEMBER 15, 2021

Today, Representative Nancy Mace (R-SC) released the States Reform Act, which would deschedule, regulate, and tax cannabis products with a novel federal excise tax design—based on quantities and predefined categories, not dissimilar from how the federal government taxes alcohol and tobacco. topicals and cosmetic products (20 units).

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Veriheal

MARCH 9, 2023

states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizing recreational cannabis this year. However, the use and possession of cannabis remain illegal under federal law for any purpose as per the Controlled Substances Act of 1970 (CSA) , which classifies cannabis as a Schedule I substance.

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