Canna Law Blog

MARCH 11, 2024

HB 1453 seeks to alleviate the unfair tax burden on medical cannabis patients and providers On March 6, 2024, the Washington Senate passed HB 1453 which will provide an exemption from the 37% excise tax for medical cannabis patients and designated providers. The bill now waits for signatures and executive action to become law.

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Canna Law Blog

MAY 7, 2024

Funds will go towards local programs offering technical support, regulatory compliance and assistance. One notable grantee includes San Jose’s Cannabis Equity Business Academy. Although it has taken a while for these programs to be created and even longer to be implemented, we are hopeful for this new era.

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Illinois News Joint

FEBRUARY 2, 2024

22, 2024, for “establishing a process through which craft cannabis growers may apply to DOA ( Illinois Department of Agriculture ) to increase canopy space in increments of 3,000 square feet up to the maximum allowed under the Act for craft growers (changed since 1st Notice from a maximum of 14,000 square feet).”

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The Joint Blog

DECEMBER 19, 2023

As the cannabis industry continues to burgeon, businesses must stay ahead of the curve in terms of product storage to ensure the longevity, potency, and regulatory compliance of their cannabis goods. In this comprehensive guide, we explore the latest and most effective cannabis storage containers for businesses in 2024.

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Illinois News Joint

MARCH 5, 2024

Illinois proposed the new rule that allows craft grower to request an increase of 3,000, 6,000 or 9,000 square feet of canopy space in October 2023 and the new rules were adopted Feb. 1) A craft grower may request an increase of 3,000, 6,000 or 9,000 square feet of canopy space.

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Cannabis Law Report

JUNE 8, 2023

Business of Cannabis reports THE Health Minister of the Czech Republic, Vlastimil Válek, has cast doubt on the country’s ambitious plans to have a legal commercial adult-use cannabis market approved and ready to be rolled out by 2024. Expressing his position to local media outlet ZdraveZpravy.cz

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Cannabis Law Report

MAY 16, 2022

Despite the tax cut, a recent analysis found that removing the cultivation tax would actually increase overall tax revenue from cannabis sales by 123 percent by 2024 due to an expected increase in sales. million from the Governor’s Budget estimate.

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Cannabis Law Report

APRIL 27, 2019

Senate Bill 5318: Reforms the compliance and enforcement provisions for marijuana licensees. Also transfers the authority for testing lab accreditation from the LCB to the Department of Ecology, effective July 1, 2024. Here are the main players. Washington state lawmakers approve multiple marijuana bills before deadline.

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Cannabis Law Report

APRIL 17, 2022

An adult-use conditional cultivator license is valid for no more than two years, expiring at the latest on June 30, 2024. Jeremy Cooney, and Assemblywoman Donna Lupardo, the legislators estimate it will save cannabis businesses in the New York market over $25 million annually by 2024. Championed by Sen. Proposed Cannabis Banking Bill.

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Cannabis Law Report

JUNE 17, 2021

According to a recent report from Prohibition Partners for Latin America and the Caribbean (2020), the medical cannabis market in Mexico could be worth $60 million by 2024. So, it isn’t a huge market by comparison to the U.S. or Canada but still holds many opportunities. “As

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Canna Law Blog

JANUARY 26, 2024

In my view, Haley is sitting in a pretty typical Republican spot for 2024, which can be summarized as “states’ rights are best for marijuana” but “it’s not a federal priority.” That revamped bill would undo federal criminalization of people acting in compliance with state cannabis programs, or Indian tribal law. I tip my hat.

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Medicinal Genomics

JULY 13, 2023

The production company for High Science , a major cable channel documentary, once again shot the entire CannMed 23 summit in preparation for the summit’s inclusion in its first season scheduled for release later this year or early in 2024. Punja’s Presentation Michael Steward, M.D., Stay tuned for that.

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Cannabis Law Report

MAY 13, 2022

Up to $150 million one-time General Fund is available as needed through 2025-26 to backfill Allocation 3 funding, along with the authority to increase the excise tax rate through 2024-25 if tax revenues fall below the baseline for Allocation 3. In addition, the Governor’s budget proposal includes a one-time allocation of $20.5

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Cannabis Law Report

MARCH 26, 2022

The site, which is due to open in 2024, will support the company’s production and development of cannabis based medicines. Construction has begun on a medical cannabis manufacturing facility which will create more than 100 jobs. Jazz Pharmaceuticals is investing £75m in a plant based at Kent Science Park (KSP) in Sittingbourne, Kent.

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Canna Law Blog

MAY 11, 2022

The way we see it, the political climate will not allow for the Cannabis Law Bill to be approved in this legislative term and perhaps not in this administration, set to end in 2024. Under the current Mexican landscape, we have only medical cannabis (with difficult compliance requirements) and industrial hemp.

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The Blunt Truth

APRIL 20, 2021

The term does not include industrial hemp, as defined in state law, that is grown, dealt, or processed in compliance with state or federal law, unless it has been acquired and formulated with cannabis plant extract by a pharmaceutical processor. Retail sales will not begin until January 1, 2024.

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Cannabis Law Report

JUNE 21, 2022

Virginia’s 2022 – 2024 budget bill, HB 30 , amended some of the above provisions and created labeling requirements for industrial hemp products that contain hemp-derived THC, but did not address commercial sales of adult-use cannabis ( see Item 4-14 #5c). Posted in: Civil Litigation , Corporate Compliance , Featured Posts.

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Canna Law Blog

NOVEMBER 16, 2023

Beneficial ownership reporting is a core banking requirement, with a new rule coming down the pike January 1, 2024, in fact. Bank Secrecy Act / Anti-Money Laundering (“BSA/AML”) compliance is a significant undertaking for FIs even outside the cannabis space. These FIs tend to offer more comprehensive financial products and services.

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Cannabis Law Report

JULY 28, 2022

Moreover, if the UK were to legalise cannabis – with recreational sales starting in 2024 – this would bring the market’s size to more than £1 billion in the UK alone. Experts predict that the UK’s medical cannabis market alone could be worth more than £450 million by 2026, which amounts to 24% of the total European market.

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Cannabis Law Report

OCTOBER 1, 2021

And, one experienced commentator on the German cannabis scene, is even predicting the date of the opening of Europe’s first adult-use cannabis dispensary – January 1, 2024. One of Germany’s most senior cannabis business leaders says with a so-called ‘Traffic Light Coalition’ there is a ‘strong likelihood’ of adult-use cannabis legalisation.

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Cannabis Law Report

SEPTEMBER 16, 2022

AB 2188’s changes to FEHA are effective as January 1, 2024. Employers may want to consider reviewing existing employment hiring, discipline, and termination policies and practices now to ensure they are in compliance upon the law taking effect.

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Cannabis Law Report

AUGUST 20, 2021

Also, while the country’s market is about to reach £1 billion in value by 2024, “with the right regulatory framework, it could be greater.”. Dr Poulter, who recently became a non-executive director of Kanabo, is reminding the readership that an open medical cannabis market in the UK would create jobs and raise tax revenues.

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SpeedWeed

SEPTEMBER 14, 2021

The devil is in the details, as they say… and like all laws passed by our legislature, it is our charge to encourage compliance and enforce violations. Cannabis sales regulations aren’t expecting to roll out until January 1, 2024, although there are efforts underway to try for an earlier start.

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Cannabis Law Report

JULY 16, 2019

CBD market to exceed $20 billion by 2024. To support this vision, Segra has assembled a world-class team of specialists in the fields of agronomy, molecular genetics, plant tissue culture, and regulatory compliance. It is anticipated that Segra’s U.S. hemp operations will commence later this year. About Segra International.

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Cannabis Law Report

JUNE 28, 2022

The 10-week curriculum will include subject matter experts on topics such as the history and politics of the industry, compliance, delivery, and hospitality as well as marketing and best practices. Providing a free program to have certain low-level marijuana conviction records sealed.

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Canna Law Blog

MARCH 7, 2023

The RIA contains much needed investor protection provisions and creates a stricter compliance and reporting regime for EB-5 project offerors and regional centers. With that being said, political winds shape agency action and it’s possible that a conservative administration is victorious following the 2024 presidential election.

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Canna Law Blog

AUGUST 30, 2023

Now though, its entire local industry is going to face a potential death knell posed by a March 2024 vote on a new initiative that heavily restricts the existing industry, while essentially eliminating any more farms from setting up. Here’s a copy of the initiative.

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Cannabis Law Report

JULY 11, 2022

Beginning July 1, 2024, the LPA threshold requirement will be lowered from 20 to 10 non-management employees. The bill makes compliance with the terms of an LPA a condition of licensure and gives the DCC authority to suspend, revoke, place on probation or otherwise discipline and fine the licensee for noncompliance.

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Canna Law Blog

JUNE 26, 2023

Yes, requiring cannabis retailers to certify compliance on marijuana tax payments makes sense. A report is due September 1, 2024. The new OLCC tax rules My colleague Jesse Mondry covered this last week on the blog. The higher-ups I’ve spoken with at OLCC dislike the scope of the Governor’s directive, and I agree with them.

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Cannabis Law Report

JULY 12, 2021

Trading will commence on July 12, 2021. Concurrent with the graduation to the TSX, the Company also expects to change its name to “Avant Brands Inc.”. Graduating to the TSX highlights our growth and ability to execute.

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Cannabis Law Report

DECEMBER 14, 2019

billion by 2024. VANCOUVER, British Columbia, Dec. 12, 2019 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc. (“ AgraFlora ” or the “ Company ”) ( CSE: AGRA) ( PU31.F The UK medicinal cannabis market value is forecast to reach almost US$1.3

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Cannabis Law Report

JUNE 9, 2022

A compliance bulletin issued by OLCC explicitly states the regulations do not impact the export of hemp products from Oregon, only import and sale within the state. The provisions of HB 3000 just discussed are set to expire on January 1, 2024.

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Hemp Cannabinoids Legislation Agriculture 52

Cannabis Law Report

MAY 31, 2022

There is considerable research being conducted in Europe, with Switzerland being a leader. ** This refers to a state-licensed system outside the medical establishment (hence in compliance with state, but not federal law) akin to the current cannabis state regulatory regimes. View source.].

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WeedAdvisor

AUGUST 20, 2019

Assuming the current trend continues, predictions state that by 2024, $7.2 WeedAdvisor looks forward to supporting new retail stores with our business solutions in POS, reward programs, compliance, inventory tracking and much more as they gradually snuff out illicit sales. However, it is not necessarily a substantial one.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Prior to July 1, 2024, however, only medical or retail transporters who qualify as social equity applicants may perform the act of delivery to consumers and patients.

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Cannabis Law Report

AUGUST 18, 2021

federal legalization of cannabis, and subject to compliance with applicable laws and stock exchange rules, MedMen will actively explore opportunities to expand MedMen’s footprint across international markets. Transfers of Notes will be permitted subject only to notice and compliance with securities laws. Prior to U.S.

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Cannabis Law Report

AUGUST 17, 2021

federal legalization of cannabis, and subject to compliance with applicable laws and stock exchange rules, MedMen will actively explore opportunities to expand MedMen’s footprint across international markets. Transfers of Notes will be permitted subject only to notice and compliance with securities laws. Prior to U.S.

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