Cannabis Law Report

SEPTEMBER 16, 2022

This article reviews cannabis laws in effect in Southern states, cannabis laws that will go into effect in the future, and examines states that haven’t passed legislation legalizing cannabis. Arkansas dispensaries began serving qualified patients in 2019. Existing Cannabis Regimes. Cannabis is not new to the South.

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Cannabis Law Report

JUNE 13, 2022

It has already been a busy year for marijuana law! Governor Kevin Stitt signed legislation enacting a moratorium on some new medical marijuana licenses, effective on August 1, 2022 and ending August 1, 2024. The moratorium extends to processing and issuing new licenses for: Dispensaries. Stanley Jutkowitz. June 13, 2022.

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Canna Law Blog

MARCH 27, 2024

California has even seen a pattern of dispensaries and cultivation facilities across California being burglarized and robbed. In 2023, California dispensaries sold a total of $5.1 Suffice it to say, the state’s industry has colossal problems, the magnitudes of which haven’t been seen by any neighboring state.

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Cannabis Law Report

DECEMBER 31, 2021

multi-state cannabis operator (MSO), today announced the opening of Ayr Wellness Bryn Mawr, the Company’s eighth affiliated dispensary in The Commonwealth of Pennsylvania. dispensary continues the rapid expansion of the Company’s presence in Pennsylvania’s burgeoning medical marijuana market. The ~3,000 sq. Forward-Looking Statements.

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Veriheal

MARCH 10, 2021

Virginia just became the first state in the south to pass a law allowing adult-use cannabis. Medical cannabis dispensaries in the state are few and far between. Furthermore, legal access to retail cannabis dispensaries is not expected until 2024 or later. Virginia also does not allow home cultivation for consumers.

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Veriheal

NOVEMBER 6, 2023

Whether you’re planning a long road trip or flying to see family over the holidays — the following will ensure you stay on the right side of the law. >> Learn more: Where is Cannabis Legal? It prohibits cannabis possession, use, purchase, sale, or cultivation, whether for recreation or medical purposes.

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Cannabis Law Report

SEPTEMBER 8, 2019

billion in cannabis spending by 2024. projects as the leading marijuana market in the world by sales in 2024. One of the fastest early stage growers looks to be multistate dispensary operator Cresco Labs ( OTC:CRLBF ). marijuana spending by 2024. billion by 2024. billion by 2024. billion by 2024.

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Cannabis Law Report

JUNE 24, 2019

40B in sales by 2024. The growth of the global cannabis market comes on the back of liberalization in existing markets and new countries introducing laws legalizing medical use. billion by 2024, up from $517 million last year, BDS and Arcview said. billion by 2024. In regulated markets, U.S. US leads the way.

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Cannabis Law Report

FEBRUARY 19, 2022

Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law. The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses.

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Canna Law Blog

FEBRUARY 20, 2022

Why New York wants to let hemp licensees cultivate and process cannabis. This means future cannabis growers won’t be able to start operating until 2023, at the earliest, which will force adult-use dispensary licensees to wait even longer to fill their shelves.

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Veriheal

MAY 4, 2023

In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. In Germany, legal recreational cannabis sales are slated to launch by the end of 2024. On top of this, another controlled cannabis supply chain will roll out across Europe in 2024, but this time in the Netherlands. billion) by 2027.

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Veriheal

APRIL 16, 2021

New Yorkers are now free to enjoy the pleasures of cannabis, and the University of Connecticut launches cannabis cultivation courses for non-degree-seeking students. However, there was one caveat… legalization wouldn’t go into effect until 2024. University of Connecticut Launches Cannabis Cultivation Courses. Learn more here!

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Veriheal

MARCH 31, 2022

Kathy Hochul signed legislation establishing a conditional cultivation and processing recreational licensing structure. Murphy is also “open-minded” to permitting a home cultivation option for consumers in the foreseeable future. She only spent four days considering the bill before signing it into law. 22, 2022, New York Gov.

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Veriheal

OCTOBER 27, 2023

Newly elected Prime Minister Srettha Thavisin has expressed his intent to “rectify” the country’s cannabis laws within the next six months — possibly limiting legality to only medical use. Since then, a rush of dispensaries and cannabis-related businesses have opened across the country.

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Canna Law Blog

JUNE 23, 2023

New York State’s recently passed 2024 budget includes many cannabis-related provisions, addressing enforcement, licensure, and penalties, with the goal of curbing the state’s illicit marijuana market. Several of the new enforcement tools at OCM’s enforcement disposal include: Issuing civil fines for unlicensed sellers.

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NORML

MARCH 14, 2020

The bill allows the department of health to issue permits to medical cannabis dispensaries for the delivery of medical cannabis and cannabis products to qualifying patients or primary caregivers if certain conditions are met. Legislation is pending, House Bill 550, to expand the state’s marijuana decriminalization law.

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Canna Law Blog

NOVEMBER 16, 2023

My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. HRB” A business trafficking in hemp which “can demonstrate that its business activities and products are legal under federal and state law.” Examples given are paper, rope and clothing companies.

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The Blunt Truth

APRIL 20, 2021

Following closely on the heels of both New York and New Jersey enacting recreational cannabis laws, New Mexico and Virginia have enacted their own laws allowing adults to use cannabis for recreational purposes. Virginia went further by enacting the first law providing employment protections to individuals using cannabis oil.

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Cannabis Law Report

JANUARY 4, 2022

Over $140 Million in Revenue Expected Over the First Three Years of Cultivation and Over $400 Million in Total Revenue Projected for the 10-Year Term of the Agreement. Gold Leaf is one of only 22 licensed centers and one of only 16 active operators in Florida, and the organization is planning to open 20 dispensaries in the state by 2024.

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Cannabis Law Report

JUNE 18, 2021

Like the laws recently enacted in N.Y. Vicente Sederberg LLP, which has been shaping and navigating cannabis laws and regulations for over a decade, will host a free ‘Tri-state Cannabis Update’ webinar June 29 — *Register Now*. — State lawmakers passed a bill Thursday to legalize, regulate, and tax cannabis for adult use.

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Cannabis Law Report

SEPTEMBER 15, 2022

The guide provides a holistic review of the current cannabis laws in every state including the District of Columbia, from favorable to cannabis businesses to most restrictive. However, the future of cannabis law in D.C. Existing medical marijuana dispensaries would be first in line to start serving adult consumers with dual licenses.

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Cannabis Law Report

FEBRUARY 3, 2022

NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., Securities Act”), or any state securities laws and may not be offered or sold in the United States or to U.S. About Columbia Care.

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Cannabis Law Report

APRIL 20, 2022

Cresco officials expect that earnings will be $76 million in 2024, $116 million in 2025, and $156 million in 2026. In the application, Cresco describes Valley Agriceuticals as its growing subsidiary that “operates four medical cannabis dispensaries across the state of New York in addition to a manufacturing facility.”.

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Cannabis Law Report

APRIL 9, 2022

Cultivation. Cultivation Technician. Director of Cultivation. Dispensary Manager. Expect a flurry of new cannabis jobs across all sectors (cultivation, manufacturing, retail) this year. In 2024, a vote on adult-use cannabis may propel the market to greater heights. Manufacturing. Distribution.

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Cannabis Law Report

JULY 12, 2021

billion in global spending by 2024, which will be a 300% increase from 2019, according to a report from Arcview Market Research & BDS Analytics. Though the dispensary boom is all over, it will likely flock to touristic towns like Great Barrington, MA, known as a skiing town, which now has five cannabis dispensaries in a town of 7,000.

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Veriheal

SEPTEMBER 9, 2021

” This fee — which is designed to support social equity programs — is required to convert up to three medical cannabis dispensaries into dual medical-recreational facilities. Medical cannabis cultivators who currently operate in the State of Connecticut could apply for a recreational license as early as this summer.

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Canna Law Blog

JANUARY 9, 2020

Utah cultivator licensing is currently closed at this stage, with only eight cultivators that received licenses out of 81 applications, although the legislature authorized 10 licenses. Seven of the cultivation sites are in rural areas and one is in an urban area.

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Cannabis Law Report

APRIL 11, 2022

Experts predict adult-use cannabis to come online by 2024, but regulators have not yet determined tourism policies. However, more than 66 percent of the Americans surveyed said they “would visit a cannabis dispensary or social consumption lounge” in Germany.

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Cannabis Law Report

JANUARY 9, 2022

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). Washington’s voters also approved an adult-use measure in November 2012, and its first stores opened in July 2014.

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SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. When people think of the cannabis industry, more often than not, their minds immediately jump to dispensaries. Retail dispensaries. economy by 2024.

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Canna Law Blog

FEBRUARY 19, 2024

Within the first month of 2024, the total amount of all-time cannabis sales in Missouri easily surpassed $2 billion. First, the licensing and operating costs for a compliant dispensary or cultivation facility are far more affordable than other states. Going into 2024, Missouri will remain a state worth watching.

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Cannabis Law Report

NOVEMBER 7, 2019

All three tranches of the Incentive Warrants will expire on November 7, 2024, and vest over two years, with 50% vesting on each of November 6, 2020 and November 6, 2021. The second tranche of 2.5 million Incentive Warrants has an exercise price of US$3.81. The third tranche of 2.5 million Incentive Warrants has an exercise price of US$5.86.

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Veriheal

JANUARY 24, 2024

However, new polls have suggested that recreational cannabis might face a lot of opposition on the 2024 ballot. Rivers explained, “We believe the language, as written, comports with the single subject and clarity requirements under Florida law and look forward to a positive ruling from the Court.”

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Canna Law Blog

MAY 25, 2023

Commencing on August 1, Minnesotans will have the right to possess, use, and cultivate cannabis for personal consumption within their homes. All in all, insiders do not expect adult-use legal sales to start until summer to fall of 2024. The bill also sets caps of 800 milligrams for edibles and eight grams for concentrates.

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Veriheal

SEPTEMBER 5, 2022

Northam (D) signed the Cannabis Control Act (CCA) into law. This law positioned Virginia to be the South’s first adult-use (i.e., 1, 2024 launch date for its first-ever retail sales. ” These adult-use provisions were slashed through the silence of Virginia’s 2022-2024 budget bill. But there was a catch.

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Peninsula Alternative Health

JUNE 12, 2023

It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. The legislation also empowers the Maryland Cannabis Administration to issue additional licenses for growers, processors, dispensaries, and new incubators. What are the rules for purchase, possession, and home cultivation?

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Peninsula Alternative Health

JUNE 12, 2023

It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. The legislation also empowers the Maryland Cannabis Administration to issue additional licenses for growers, processors, dispensaries, and new incubators. What are the rules for purchase, possession, and home cultivation?

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