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Illinois officials recently released the Annual Cannabis Report for Fiscal Year 2024. IDOA updates and initiatives for FY2024 include: State cannabis testing laboratory is projected to become operational prior to the end of calendar year 2024. Hemp Rules on second notice to be approved by end of 2024.
Ayr President George DeNardo said Thursday during the companys fourth-quarter and full-year 2024 earnings call that Ayr will prioritize other markets to make sure it can deliver for its other business and stated that the company doesnt have the necessary scale in Illinois to compete over the long term, Green Market Report reported.
Lawyers specializing in cannabis law are well-equipped to handle the specific challenges of obtaining a business license and growing your operation. This guidance is crucial for securing the funds necessary to launch or expand your business and ensure compliance with state-level financial requirements (Fairlie, 2024). Fairlie, M.
The CDU/CSU has pledged to repeal Germanys quasi-legalization law passed in 2024. If Merz partners with center-left parties, repealing German cannabis laws would be difficult. Existing laws allowing personal possession, cultivation, and medical expansion would likely remain intact.
The new rule prohibits: Marketing that appeals to children, including certain wording and imagery (as defined by Florida law). This new effort follows a similar initiative placed before voters in 2024, Amendment 3 , which fell short of the 60% threshold it needed to pass. Branding that mimics illicit substances or drug paraphernalia.
12, 2024, meeting in Springfield. percent THC the cultivator may remediate the lot by shredding, blending, or sorting the plant material in a manner that reduces the THC concentration to an acceptable level, and then have it retested. These rulemakings will be considered at the Nov. Samples that test higher than 0.3
For 2024, retail sales by licensed medical cannabis dispensaries finished at $285,059,601.92. The 2024 totals continued a 3-year downward trend for yearly totals, dropping below $300 million for the first time since 2019. The 2024 totals dropped nearly $40 millions from the 2023 totals of $324,792,664.73. February: $24,427,904.62
Total retail sales for 2024 reached $147,266,853.89. Total 2024 wholesale sales by cultivation centers reached $$188,831,154.06, and total wholesale sales since November 2015 by cultivation centers totaled $3,633,472,736.20. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 May: $24,413,018.67
to outpace January and February totals but was still lower than the last four previous March totals and all but one monthly total in 2024. Total wholesale sales by cultivation centers in 2025 hit $83,090,340.57, and total wholesale sales since November 2015 by cultivation centers finished at $4,181,971,650.82. May: $24,413,018.67
Total retail sales for 2024 reached $215,829,673.13. Total 2024 wholesale sales by cultivation centers reached $276,507,158.52, and total wholesale sales since November 2015 by cultivation centers totaled $3,818,502,824.62. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 May: $24,413,018.67
This policy ensured significant penalties and incarceration for possession, cultivation, and trafficking for anyone found guilty in the U.S. The legalization of weed for adults 21 and over has opened the floodgates, prompting 24 states to establish their own recreational, adult-use laws. Current Anti-Legalization Efforts in the U.S.
Only June 2024 (the previous month) medical cannabis sales totals of $23,105,926.95 Total retail sales for 2024 reached $170,617,973.63. Total 2024 wholesale sales by cultivation centers reached $$219,974,409.95, and total wholesale sales since November 2015 by cultivation centers totaled $3,697,827,191.27.
Total retail sales for 2024 reached $99,749,327.83. Total 2024 wholesale sales by cultivation centers reached $129,966,963.40, and total wholesale sales since November 2015 by cultivation centers totaled $3,507,427,930.76. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $25,917,010.11
Total retail sales for 2024 reached $194,130,227.26. Total 2024 wholesale sales by cultivation centers reached $249,702,549.44, and total wholesale sales since November 2015 by cultivation centers totaled $3,759,016,364.50. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 May: $24,413,018.67
Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. This push led to significant changes, including the introduction of labor laws designed to safeguard worker rights. What is Ballot Measure 119?
SB1723 deletes the provision that states any person or entity awarded a craft grower license under specified provisions “shall only hold one craft grower license” and removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower but leaves in the restriction for “a cultivation center.”
In July 2024, cannabis businesses across the state gained access to a centralized system, which, according to IDOA, will significantly modernize how product and vehicle registrations are handled. As of August 2024, all product and vehicle registrations must be completed through the online portal.
Total retail sales since November 2015 reached $304,592,649.30, and 2019 total wholesale sales by cultivation centers finished at $24,530,517.45. Total wholesale sales since November 2015 by cultivation centers hit $169,937,959.91. Monthly Totals for 2024: January: $24,338,551.30 2024 Yearly Totals: $285,059,601.92
Total retail sales for 2024 reached $74,682,676.11. Total 2024 wholesale sales by cultivation centers reached $99,268,930.28, and total wholesale sales since November 2015 by cultivation centers totaled $3,441,143,301.70. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $25,917,010.11
Total 2024 retail sales by licensed medical cannabis dispensaries reached $238,039,128.10, and total retail sales since November 2015 by licensed medical cannabis dispensaries reached $2,201,604,035.58. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $25,917,010.11 April: $25,066,974.82
December 2022, I published a 6-part series titled, “What Illinois cannabis patients really want” to start a dialogue about the large gap between patients’ needs, wishes, concerns, and recommendation for improving the Medical Cannabis Patient Program (MCPP) and the actual amendments to the law legislators have introduced.
Total retail sales for 2024 reached $48,765,439.01. Total 2024 wholesale sales by cultivation centers reached $66,850,312.73, and total wholesale sales since November 2015 by cultivation centers totaled $3,373,608,900.01. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $29,018,805.60
Florida-based cannabis giant Trulieve recently doubled its contribution to the Smart & Safe Florida political committee with another $5 million toward a 2024 ballot initiative to legalize adult-use cannabis. 1, 2024, with election officials needing 30 days to check signatures before that deadline. 23 to circulate the petition.
percent THC the cultivator may remediate the lot by shredding, blending, or sorting the plant material in a manner that reduces the THC concentration to an acceptable level, and then have it retested. Industrial hemp cultivators must file their final annual reports by Dec. percent by dry weight. Samples that test higher than 0.3
Gavin Newsom signed budget trailer bill Assembly Bill 195 (AB-195) into law. AB-195 contains several significant reforms to California’s cannabis laws. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.
Legislation is pending, HB 2097 / SB 2024, which would authorize licensed medical cannabis facilities to sell edible products. Legislation is pending, House Bill 550, to expand the state’s marijuana decriminalization law. Send a message to your lawmakers in support of home cultivation rights. HI resident? IA resident?
Yesterday, the Cannabis Control Board approved 52 adult-use conditional cultivation licenses , which means the approved businesses can start growing cannabis for the upcoming adult-use market. An adult-use conditional cultivator license is valid for no more than two years, expiring at the latest on June 30, 2024.
Allowing the state to cultivate cannabis for in-state cardholders could be a transformative move for the states agricultural businesses. The number of medical cannabis patients in Iowa by the end of 2024 was right around 18,000. Currently, House Study Bill 29 would add THC-beverages to the states open container law.
Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. As of January 2024, 24 states have legalized adult-use cannabis; over half the US population lives in a state where it is legal. The DEA is conducting a review of cannabis scheduling. million in taxes and fees.
Other licenses will begin getting issued in 2024. Residents can cultivate up to two plants for personal use. The state gave medical cannabis dispensaries the green light to sell to the state’s new recreational customers. Maryland defines adults as 21 and older, limiting them to 1.5 ounces of cannabis.
Monthly totals for 2024 are trending the same. Total retail sales for 2024 reached $124,161,781.34. Total 2024 wholesale sales by cultivation centers reached $158,572,075.15, and total wholesale sales since November 2015 by cultivation centers totaled $3,569,737,332.98. in dry flower sales and $12,720,357.56
Total wholesale sales by cultivation centers in 2025 hit $53,377,743.10, and total wholesale sales since November 2015 by cultivation centers finished at $4,116,822,275.07. Monthly Totals for 2024: January: $24,338,551.30 2024 Yearly Totals: $285,059,601.92 Monthly Totals for 2024: January: $24,338,551.30
If the proposal — which was sponsored by Rules Committee Chairman Bill Rabon (R) — is enacted into law, patients who are diagnosed with a “debilitating medical condition” could legally gain access to medical cannabis in North Carolina. Home cannabis cultivation, on the other hand, would be forbidden.
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.
Ford , “Provides that premises may be shared between up to 3 craft growers, an infuser organization, a cultivation center, a dispensing organization, or any combination thereof, provided that specified requirements are met.” House Bill 0025 , also sponsored by Ford, “Raises specified square footage requirements for craft growers.
While cannabis is not recreationally legal in the Czech Republic, the country has some of the most progressive cannabis laws in Europe. After Germany announced plans to legalize the plant, Czechia followed suit, with the first draft of legislation expected early in the 2023 session and tentative legalization in 2024.
Virginia just became the first state in the south to pass a law allowing adult-use cannabis. Furthermore, legal access to retail cannabis dispensaries is not expected until 2024 or later. Virginia also does not allow home cultivation for consumers. Odd Virginia Laws That Have More Clarity Than the State’s Cannabis Laws.
billion that Headset analysts predict by the year 2025, lawmakers must first clarify which (if any) of the recently proposed amendments will be adopted into official law. Last year, when recreational cannabis in Virginia was legalized, the law was rigidly enacted within strict party lines.
Colorado lawmakers hope the new law will help reduce the cannabis industry’s reliance on cash transactions. Florida Sets Stage for 2024 Cannabis Face-off A cannabis legalization initiative backed by cannabis company Trulieve is making its way to Florida’s 2024 ballot! Would you like to see something like this in your own state?
With additional authorized shares, Tilray is now able to accelerate its progress towards its goal of delivering $4 billion in revenue by the end of fiscal 2024 by taking full advantage of its competitive differentiators and executing on its strategy. Executing on Strategic Growth Plan. with the goal of generating $1 billion in revenue.
The Illinois high court has rejected a request to permit further licensing for craft cannabis cultivators for the state’s adult-use marijuana program, which launched in January 2020. Craft cannabis cultivation typically involves growing cannabis in small batches, and the farming practices used are organic and sustainable.
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!
Even if the bill passes, state regulators would still maintain authority to visit cultivators at any time to assure they’re keeping proper documentation, resulting in redundant regulatory efforts. The Tribune-Herald also reports that the bill that adopted the USDA hemp production program only made that provision active until June 30, 2022.
Tilray’s mission is to be the trusted partner for its patients and consumers by providing them with a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. For more information, visit: www.Tilray.com. Investors: Raphael Gross. 203-682-8253. Raphael.Gross@icrinc.com.
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