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Licensees now have until July 1, 2025 , to ensure compliance with updated product registration requirements. To ensure compliance, all legacy product registrations must be updated to include complete product details and required uploads, identical to new online registrations.
Maintaining compliance through streamlined updates and real-time tracking. Incomplete product registrations identified after March 31, 2025, risk immediate deactivation. These updates must be completed by March 31, 2025, to avoid non-compliance or deactivation. Renewing licenses (introduced in phases).
Germany goes to the polls Germanys snap elections on February 23, 2025, have the cannabis industry watching closely. On February 14, 2025, the Social Security and Health Committee of the National Council approved a plan to legalize and regulate adult-use marijuana by a 14-9-2 vote.
Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies. In May 2025, the AGs office settled with two additional companies , imposing penalties ranging from $41,000 to $50,000, escalating to $141,000 – $250,000 upon future noncompliance.
According to a survey conducted by YouGov , almost 7 out of 10 cannabis consumers plan on spending the same amount, if not more, going forward in 2025. Staying in compliance means avoiding heavy fines and possible revocation of licenses. This windfall shows no signs of slowing down either.
The goal of this transition is to simplify and accelerate the registration process, reducing administrative burdens while increasing accuracy and compliance for cannabis businesses. January 2025: Legacy registrations that were processed before the transition will need to be updated through the online system. See Extension Announcement.
Because the improved online process now requires additional details and current uploads to ensure compliance, the Department previously communicated that all legacy product registrations must be updated before the end of the year or risk being deactivated. It is in registers interest to act now.
Cannabis companies need advice on intellectual property, employment, taxes, license and regulatory compliance, lending and financial transactions, mergers and acquisitions, and a host of other specialty practice areas. billion by 2025, cannabis market research company New Frontier Data said. Medical cannabis sales in the U.S.
billion by the end of 2025. It’s time to get serious about compliance before it’s too late. The post The Regulator Crackdown Begins: Cannabis Compliance Failures appeared first on Medical Marijuana Blog. The end to prohibition is in sight, not just in North America, but around the world and businesses are taking note.
The internal market for hemp and CBD derived products is projected to reach 5 billion Polish Zlotys (over 1,25 billion USD) until 2025. As the … Read More. The post CBD oils and legal cannabis market in Poland first appeared on Cannabis Law Report.
The Czech government has approved a new drugs strategy to run until the end of 2025 that includes the introduction of a strictly regulated market in cannabis. The exact rules of the action plan are set to be set by an expert group, Prime Minister Petr Fiala said after a cabinet meeting on Wednesday. The […]
Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. CEQA Compliance and Consequences to Cannabis Operators. In fact, CEQA compliance, or the lack thereof, was the reason the provisional license program was even created. Tuesday, April 12, 2022. Whitney Hodges.
New language for transporters also exist in the omnibus, such as, “By January 1, 2025, the Department shall adopt rules for the issuance of consolidated transport center licenses and shall issue applications for consolidated transport center licenses,” and the addition of 16,000 pounds for a commercial motor vehicles that transporter use.
billion (over USD 480 million) by 2025. Robust growth in this sector has been observed domestically with hemp attracting significant interests from large Thai conglomerates to smaller startups alike. Krungsri Research had forecasted that the Thai market for hemp will have a value of THB 15.77
Cannabis is one of the most exciting and rapidly growing industries in the United States, exceeding $13B in sales in 2019 and projected to surpass $30B by 2025. Ensuring compliance with local and state cannabis regulations and tax codes respectively. and a desire to learn more about taxes and compliance facing the cannabis industry.
If passed, it would take effect on July 1, 2025. Tax increases are set to start after July 1, 2025. If these bills pass, operators in both sectors will need to revisit their operating procedures to ensure full compliance with New Mexicos cannabis laws.
in sales in 2020 and projected to surpass $43B by 2025. Assure all legal and regulatory documents are filed and monitor compliance with laws and regulations. Cannabis is one of the most exciting and rapidly growing industries in the United States, exceeding $17.5B Identify and address problems and opportunities for the company.
billion by 2025 according to the Prohibition Partners Key Insights from the European Cannabis Report, 6 th Edition ( April 2021 ). The size of the shipment, which is enough to fill almost four 40 foot containers, required a chartered plane to transport to Macedonia ,” Corbett says. The European Cannabis Market is forecast to reach USD3.8
Phone: 360-902-2025 – Email for pesticide registration: pestreg@agr.wa.gov Email for fertilizer registration: fertreg@agr.wa.go. For information regarding how to comply with the pesticide label, please contact the WSDA Pesticide Compliance – Phone: 360-902-2040, Email: pc ompliance@agr.wa.gov.
In 2009 as the regulatory framework began to shift in Colorado, Charles recognized the need for his niche expertise in assisting cannabis entrepreneurs to comply with strict regulatory compliance protocol. In the CannaTech ecosystem, Charles is famous for sponsoring a much-loved donut wall – a nod to his law enforcement background.
With a forecasted total market size of approximately USD $9 billion by 2025 1 , Brazil is expected to be one of the biggest cannabis markets globally and the largest in Latin America, particularly for medicinal cannabis products. 1 Source: Passport, Euromonitor International, Cannabis in Latin America, July 2021.
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
Interesting report this morning DELAYS in submitting its proposals to the European Commission and potential hold-ups once submitted could see Germany’s adult-use cannabis plans pushed back into 2025. With the European […]
‘Prohibition Through Legalization’ Considering the cost to get into and succeed in the cannabis industry, as well as the “overzealous compliance rules,” many legal cannabis operators have stated that they are experiencing “prohibition through legalization.” But for many, unless you have $2.5-
New Cultivation Licenses Limited To SEIAs through January 1, 2025. The proposed amendments to the Ordinance would make cultivation available only to SEIA through January 1, 2025. Is more regulatory compliance enforcement coming? Key Takeaways –. Sensitive Use Determinations & Compliant Premises.
It’s already February, the holidays are over, and compliance with the Corporate Transparency Act (“CTA”) is on everyone’s mind. Get to Work, Now For domestic reporting companies formed before January 1, 2024, Beneficial Owner Information does not have to be filed until January 1, 2025. You do not want to mess around here.
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).
Phone: 360-902-2025. For information regarding how to comply with the pesticide label, please contact the WSDA Pesticide Compliance Program. For information regarding the registration of pesticides and fertilizers, please contact the WSDA Pesticide and Fertilizer Registration Section. Phone: 360-902-2040. Email: pcompliance@agr.wa.gov.
As highlighted in The European Cannabis Report: 6th Edition , we project that sales of adult-use cannabis will reach €200m by 2023, coming close to €800m m in 2025. To put these figures into context; when cannabis was legalised in Canada, the illicit market for cannabis was worth €800m.
The investments we’ve made in the highest levels of global regulatory compliance are just now beginning to pay dividends as we gain access to the largest medical cannabis market in the world. billion by 2025, with Germany alone representing nearly half the total market size, according to research from Prohibition Partners.
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. In addition, the Governor’s budget proposal includes a one-time allocation of $20.5
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%). California Cannabis Excise Tax Capped at 15% for Three Years. Labor Peace Agreements (LPAs).
Phone: 360-902-2025. For information regarding how to comply with the pesticide label, please contact the WSDA Pesticide Compliance Program. For information regarding the registration of pesticides and fertilizers, please contact the WSDA Pesticide and Fertilizer Registration Section. Phone: 360-902-2040.
The cannabis-based drug opportunity is predicted to be over USD$25 billion by 2025, and there are over 20 strong novel cannabinoid-based drugs currently in the late-stage research process. The Company carries out its operations in compliance with all applicable laws in the countries in which it operates.
The Cannabis and Hemp Advisory practice will provide counsel and support to existing businesses, start-ups, and ancillary service providers within the cannabis industry, especially in the areas of: tax planning; compliance with section 280E of the U.S. Here’s a selection of articles they’ve written already.
The trial will run at 79 coffee shops, which will report back the success of being supplied by legal growers between 2021 and 2025. Cities were reluctant to become involved in the government trial initially, with concerns any legitimate supply would be more expensive and turn away customers.
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.
economic impact from cannabis sales is expected to reach $160 billion in 2025 and it’s expected that even more states will legalize the substance in the near future. This option requires a lot of work and compliance with the cannabis waste disposal techniques. economy as well. The total U.S. Compost onsite.
billion by 2025, according to reports. Compliance Labels. Federal and municipal regulations governing cannabis are complex and compliance laws are unique in all states and should comply with local laws. The global packaging market for cannabis products is expected to surpass $20.4
consumers are otherwise projected to spend $121 billion on between 2020 and 2025,” New Frontier Data wrote. Earlier this year, on January 15, the USDA Interim Final Rule was published. If a hemp crop was tested to have more than 1.0 percent THC, it would need to be destroyed. Shutterstock. Hemp and Margin of Error .
Revenue from the sector in Colombia is forecast to balloon to $791 million by 2025 from $99 million in 2020, according to a draft study by think tank Fedesarollo. Our solutions facilitate this goal by making certain functions, such as POS, inventory tracking and compliance more accurate, efficient and reliable.
We have testing for residual solvents from the extraction process,” said the OLCC’s hemp and processing compliance specialist, Steven Crowley. billion by the year 2025. Because of this, synthetic cannabinoids in Oregon pose a risk to consumer health and safety. “We have testing for pesticides.
Signatories will commit to a framework of legal compliance and quality controls, primarily based on a recent decision by the European Commission to classify all extracts of hemp and derived products containing cannabinoids (including CBD) as Novel Foods. The ACI is an initiative led by the Centre for Medicinal Cannabis.
billion by 2025. Legal and financial advisors are being contacted by cannabis businesses that need advice on intellectual property, employment law, taxes, regulatory compliance, lending and financial transactions, M&As, among other practice areas.
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