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Illinois Senate creates cannabis omnibus

Illinois News Joint

Another paragraph added, “During hours of operation, dispense all cannabis from the restricted access area, a drive-through window of the restricted access area, or a pickup location in close proximity to the restricted access area. For Illinois to continue curbside pickup, the following paragraph was added: “Curbside pickup.

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Dama Financial to Acquire GrowFlow

Cannabis Law Report

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

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

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Tremor Video and Fyllo Partnership Allows Advertisers to Connect with Cannabis and CBD Consumers Across All Video Screens

Cannabis Law Report

Tremor Video , a leading programmatic video and CTV platform, and Fyllo , the leader in compliance-first SaaS solutions for highly regulated industries, today announced a partnership enabling advertisers to target cannabis and CBD consumers across all video screens including programmatic video and Connected TV (CTV).

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

Beginning July 1, 2025, the CDTFA must adjust the excise tax rate every two years to a rate that would generate an amount of revenue equivalent to what would have been collected from the cultivation tax (such rate not to exceed 19%). Cannabis Retail Access Grant Program. California Cannabis Excise Tax Capped at 15% for Three Years.

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Aleafia Health Completes Breakthrough Medical Cannabis Export to Germany

Cannabis Law Report

Gaining access to Europe’s most mature legal cannabis market is an important breakthrough for Aleafia Health, with fulfilment of successive purchase orders to Germany currently underway. billion by 2025, with Germany alone representing nearly half the total market size, according to research from Prohibition Partners.

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Leading Cannabis Gift Card Program Provider, Birchmount Network, Closes $2.5M in Seed Round of Funding

Cannabis Law Report

“We are thrilled to bring best practices across compliance and fraud mitigation within the mainstream gift card industry to the rapidly growing cannabis industry,” said Birchmount CEO and Co-founder Alex Barseghian. gift card market is expected to be worth $239 billion by 2025. At a CAGR of 8.8%, the U.S.