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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

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.

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Illinois Senate creates cannabis omnibus

Illinois News Joint

The first amendment adds that a “craft grower may contain up to 14,000 square feet (instead of 5,000) of canopy space on its premises for plants in the flowering state, which must be cultivated in all stages of growth in an enclosed and secure area.”

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Curaleaf International Advances Accessibility of Medical Cannabis Products in Germany with Strategic Partnership

Cannabis Law Report

Our expertise in neurology and Curaleaf International’s knowledge of the pharmaceutical active processes of cannabinoids provide ideal conditions to bring innovative treatment to patients,” says Marco Castino, Head of Region Europe in Zambon. billion 1 by 2025. The market for medical cannabis in Germany.

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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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These States Could be the Next to Legalize Cannabis

Veriheal

Despite cannabis remaining against the law on a federal level, many states have been allowing the sale, cultivation, and consumption of cannabis, with more states joining all the time. Mississippi is on the verge of seeing legal access to medical cannabis. Mississippi Could Legalize Medical Cannabis. million over the next three years.

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Trouble Brewing? A Look at the Cannabis Industry’s Signs of Distress – and Resilience

Cannabis Law Report

Meanwhile, wholesale prices continue to plummet in many of these mature markets, causing additional pressure on cultivators and manufacturers faced with margin compression. billion by 2025. For effective operators and shrewd investors, the distressed market conditions present compelling opportunities. Where Do We Go From Here?

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In One Day, California Governor Signs Into Law Ten Cannabis Bills, Including Authorization for Interstate Commerce

Cannabis Law Report

SB 1326 adds Chapter 25 to the Business and Professions Code and allows for interstate cannabis commerce from California to and from other states that recognize the legality of cannabis cultivation, production, distribution and/or possession. SB 1186– Medicinal Cannabis Patients’ Right of Access Act.

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