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Florida’s Cannabis and Hemp Landscape: Key Regulatory Changes to Watch

Canna Law Blog

From proposed legislation targeting hemp products to new rules affecting packaging and labeling, heres what you need to know about the latest developments in the Sunshine State. 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.

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Virginia Governor Calls for Amendments to Restriction Bill That Protects Patient Access to CBD Products

Veriheal

Identical bills that were passed by the Virginia General Assembly put a cap on the total amount of THC (tetrahydrocannabinol), the main psychoactive compound in cannabis that makes users feel high, to 2 milligrams per package. Adam Ebbin (D-Alexandria) that would have carved a new path for recreational sales to start in 2023.

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Hollister Biosciences Inc. Reports First Quarter 2021 Financial Results

Cannabis Law Report

Legal sales of adult-use cannabis in Arizona commenced midday on Friday January 22 nd , several months ahead of industry expectations, and the fastest that any of the 15 states with recreational marijuana has gone from voter approval to actual sales. The state realized over $2.9M in recreational sales within 10 days of legalization.

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Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

This year, five states—New York, New Jersey, Connecticut, Virginia and New Mexico legalized recreational pot, bringing to 18 the number of states enacting law to regulate and tax cannabis for adult use. Municipalities must commit the stimulus money by 2024, and spend it by 2026. California may bring in $1.7 Read more at [link].

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Tilray Hosts 2021 Annual Meeting of Shareholders November 22 2021

Cannabis Law Report

Tilray’s Leading European Footprint and Market Leadership in Germany Positions the Company to Seize Recreational Cannabis Opportunity. This ‘current value plus upside’ model is the backbone of the pursuit of our target of delivering $4 billion in revenue by the end of fiscal 2024. NEW YORK, Nov. Strong Presence in the E.U.:

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Maryland Hemp Industry Challenges New Cannabis Licensing

Veriheal

The Maryland Hemp Coalition, hemp farmers, and other hemp-related businesses have filed a suit, challenging Maryland’s new recreational cannabis licensing policy, which they say favors only a special handful of businesses. milligrams per package, whether for ingestion or inhalation. 1, 2024, or later.

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Understanding Maryland's New Adult-Use Cannabis Legislation

Peninsula Alternative Health

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. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024. Home cultivation products.