Cannabis Law Report

AUGUST 1, 2021

According to experts, the CBD industry will be worth over $20 billion by 2025. Never slack when it comes to collecting people’s email addresses. Collect them at every turn. The CBD market is still young, and if you want to make good money, now is the proper time to invest. Email Marketing.

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Cannabis Law Report

JULY 7, 2022

In 2018 United Cannabis Corporation (“UCANN”) filed the first cannabis patent infringement lawsuit against Pure Hemp Collective, Incorporated (“Pure Hemp”) in the United States District Court of Colorado. [1] Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., billion in 2019. [6].

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Cannabis Law Report

JANUARY 9, 2022

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 From February 2017 through August 2021, the local taxes collected totaled $86.1 The city of Denver, for example, applies an additional 5.5%

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Cannabis Law Report

JULY 11, 2019

Zion Market Research has published a new report titled “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.

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Illinois News Joint

FEBRUARY 25, 2024

3) During calendar year 2025, 70,000 grams per month. (4) Finally, SB1723 provides that the tax imposed under the Cannabis Cultivation Privilege Tax Law shall not be assessed against or collected from any craft grower awarded a craft grower license under the Act until 2 years after the date that the license is awarded to the craft grower.

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Cannabis Law Report

JULY 1, 2022

Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain. Allow eligible equity retailers to keep a percentage of the excise tax they collect. Strengthen labor peace requirements.

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Cannabis Law Report

JUNE 23, 2021

Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., billion) by 2025. to reach 3.2 billion euros ($3.75

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Cannabis Law Report

JUNE 3, 2022

. “The Pueblo will be solely responsible for the enforcement, administration, collection and remittance and auditing of Pueblo cannabis excise tax from Pueblo enterprises.” ” The agreement stipulates that the tribe shall determine what constitutes a “Pueblo enterprise.”

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Cannabis Law Report

JULY 11, 2022

Any cultivation tax collected on cannabis that enters the commercial market on or after July 1, 2022, must be returned to the cultivator that initially paid the cultivation tax or, if unable to be returned to the cultivator, must be paid to CDTFA as excess tax. AB-195 also caps the cannabis excise tax at 15% for three fiscal years.

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Cannabis Law Report

MAY 13, 2022

Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition. million to help expand access to legal retail throughout California.

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Cannabis Law Report

DECEMBER 2, 2021

Studies show that in 2019, Colorado collected more than $302 million as fees and taxes on recreational and medical marijuana. million as aggregate federal tax revenue by 2025. A recent report shows that nationwide legalization may generate around 1 million jobs by the year 2025. It is because the sector is maturing.

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Veriheal

SEPTEMBER 21, 2022

billion) by 2025—Berner decided to introduce his brand to the Southeast Asian country’s market. After acknowledging the money-making opportunities in Thailand—the University of Thai Chamber of Commerce predicts that the combined hemp and cannabis markets will generate 43 billion baht ($1.2

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Cannabis Law Report

JUNE 7, 2021

Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $210.6 From February 2017 through March 2021, the local taxes collected totaled $73.9 The city of Denver, for example, applies an additional 5.5%

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SpeedWeed

JULY 15, 2021

These will be able to be renewed until January 1, 2025. This program, if it becomes official, would extend the lifespan of the provisional licensing program to allow provisional permits. It would also allow for trade samples of cannabis products to be shared among businesses, addressing another issue the industry is currently facing. .

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The Joint Blog

JULY 28, 2020

According to reports from the Montana Secretary of State’s Office, 35,458 signatures have been collected on a petition to put Initiative 190 on the ballot: The initiative is sponsored by New Approach Montana. In June, New Approach announced it had collected more than 130,000 signatures on its petition to reach the ballot.

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Cannabis Law Report

JULY 8, 2021

Marijuana sales in Colorado and Washington have been higher than projected in recent years, resulting in increased tax collections. billion in federal tax revenue by 2025. Marijuana sales in Colorado and Washington have been higher than projected in recent years, resulting in increased tax collections. percent or 16.7

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Cannabis Law Report

NOVEMBER 3, 2021

This collectively brings the Company’s total clinic count to 15 globally. Even though Germany will continue to dominate the European market for medical cannabis until at least 2024, industry consultants Prohibition Partners expect the UK medical cannabis market to show the most significant growth of any country in Europe by 2025.

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Cannabis Law Report

FEBRUARY 10, 2020

We are now doing data collection and trials on the European varieties that we planted. US-based business research company, Grand View Research, expects the global legal marijuana market to reach US$66,3 billion by the end of 2025. Source: Zimbabwe harvests first marijuana crop.

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The Joint Blog

OCTOBER 29, 2019

According to the Associated Press, the figure represents four months of expected tax collections because the state law that legalized pot sales prevents cities and towns from collecting taxes on those sales until next September. Recreational marijuana tax revenue will result in $3.5 billion budget announced earlier this week.

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Cannabis Law Report

JUNE 7, 2021

230 million by 2025. “We Forward-Looking Information: Certain statements made in this press release may constitute “forward-looking information”, “future oriented financial information” or “financial outlooks” (collectively, “ forward-looking information ”) within the meaning of applicable securities laws.

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Cannabis Law Report

NOVEMBER 5, 2021

billion by 2025. LUFF is one of the more successful brands to emerge out of the US and Canada, we believe that bringing our collective experience will create positive results for us both in this fast-growing innovative space.”. According to New Frontier Data, the CBD market in Europe was worth € 8.3 About Luff Enterprises Ltd.

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SpeedWeed

JULY 16, 2021

Collectively, we can continue to increase awareness for this exciting category and work together to introduce new consumers to cannabis-infused nonalcoholic wine products since it’s still a fairly new beverage segment,” Evans continues. billion by 2025 , according to recent reports.

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Cannabis Law Report

NOVEMBER 1, 2021

million gross tons by fiscal year 2025 (1). With a significant supply/demand imbalance for recycled steel expected to continue through at least 2025 (1) , we believe prices for metals will continue to remain strong for the foreseeable future – especially if inflationary pressures persist and the U.S. MassRoots, Inc.,

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Cannabis Law Report

OCTOBER 19, 2021

Birchmount is backed by a management team with a collective 20+ years of experience in the gift card industry managing programs for some of the world’s top brands, including Starbucks, Sephora, Lululemon, Shoppers Drug Mart, Kroger and more. gift card market is expected to be worth $239 billion by 2025. At a CAGR of 8.8%, the U.S.

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Cannabis Law Report

NOVEMBER 4, 2021

This pilot is a recharged, refreshed experiment in circularity, following PUMA’s exploration in the space in 2012, which saw the brand’s first attempt to create a biodegradable sneaker as part of its InCycle collection. Yet after four seasons, the sneaker was discontinued due to low demand and the need for further research and development.

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Kind Meds (Cannabis Education Blog)

JANUARY 21, 2025

Made by collecting and compressing the resinous trichomes, the sticky, sparkly parts of the cannabis plant, hash has long been prized for its potency, richness of flavor, and smooth yet intense cannabis experience. These balls are often aged before use, which enhances their rich, complex flavor profiles. Robert Connell Clarke. Red Eye Press.

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Cannabis Law Report

JULY 22, 2019

The Secure and Fair Enforcement (SAFE) Banking Act would ensure that the states and territories that have legalized cannabis can keep their communities safe, collect their taxes and regulate these markets effectively while Congress grapples with the broader questions about national drug policy.”.

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Cannabis Law Report

NOVEMBER 7, 2019

In the coming months, the focus of the organisation will be on further building its resources to maintain the integrity of these new industry standards and conduct the first round of audits of members to ensure they are collectively delivering on them. The ACI is an initiative led by the Centre for Medicinal Cannabis.

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SpeedWeed

AUGUST 10, 2021

billion gallons of water in 2020, with that number predicted to nearly double by 2025. Collect rainwater to water the plants. According to cannabis analytics firm New Frontier Data , legal and illicit cannabis crops used around 2.8 Use all-natural fertilizer. Use aquifers to source pure water. De-emphasize the use of plastics.

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The Joint Blog

MAY 19, 2020

Nationwide sales of hemp-derived CBD products could hit $6 billion by 2025, according to Nielsen. The original comment period collected almost 4,500 comments and ended last July. CBD does not cause a high like THC, and hemp plants allowed under federal law can’t exceed THC levels of 0.3%.

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Cannabis Law Report

APRIL 12, 2022

For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Hodges handles all aspects of litigation, including administrative, trial… whodges@sheppardmullin.com. 714-424-8257.

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Cannabis Law Report

NOVEMBER 15, 2021

In conjunction with the acquisition, Village Farms and the Management Shareholders have entered into an agreement providing Village Farms with a pathway to acquire the Retained Interest upon the occurrence of certain triggering events prior to March 31, 2025. Based on data as at August 31, 2021. and ROSE’s?future future outlook?or

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Cannabis Law Report

JUNE 27, 2022

Pursuant to the terms of the Plan of Arrangement, the Secured Lenders have the right to nominate three directors to the Board and the Consenting Unsecured Debentureholders have the right to collectively appoint three directors to the Board, which rights continue in accordance with the terms of the Investor Rights Agreement described below.

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Cannabis Law Report

NOVEMBER 29, 2021

billion by 2025[3]. The directors and officers and certain shareholders of Urbn Leaf, collectively holding approximately 69% of Series A shares and 96% of common shares, have entered into voting and support agreements to vote in favour of the Urbn Leaf Transaction.

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Canna Law Blog

JANUARY 24, 2025

Its a regular session in 2025, meaning were in for a longer stretch — a 160-day calendar, versus the 35-day affair we see in even-numbered years. If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. Most likely, you wont see it mentioned at all.

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Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

The Tax Court in Patients Mutual [15] Assistance Collective Coop. For years that begin after 2025, the deduction will be reduced to 37.5% 11] Patients Mutual Assistance Collective Coop. of the GILTI amount included in the gross income of the domestic corporation for the tax year. 4] IRC § 280E (emphasis added). [5]

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Cannabis Law Report

MARCH 3, 2020

billion by 2025, recording a CAGR of 34%. billion by 2025, recording a CAGR of 34%. billion by 2025, according to a new report by Grand View Research, Inc., He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass.

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