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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. Delivery Data Required to be Reported in Metrc.

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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.” Illinois has 17 such regions.

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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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Avicanna Completes First Commercial Export of Aureus Branded Full Spectrum Psychoactive CBD Cannabis Extracts to Brazil

Cannabis Law Report

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.

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Minnesota Attorney, Susan Burns, To Chair the First ABA Conference on the Cannabis Industry

Cannabis Law Report

2021 Mid-Year Market Update,” from New Frontier Data, projects revenue from the legal cannabis market will total $43 billion by the year 2025. CLE Panel 2: The Environmental Impact of Cannabis Cultivation: Does Legalization Make a Difference? Kara Lavaux, Cannabis Compliance Expert, Allay Consulting, CO. Denver, CO.

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Village Farms International Acquires 70% of Québec-Based ROSE LifeScience, a Leading Vertically Integrated Branded and Third-Party Supplier to the Québec Cannabis Market

Cannabis Law Report

The team has a proven track record of success, and shares our belief in the importance of cultivation excellence, as well as the advantage of innovation and continuous improvement. Based on data as at August 31, 2021. Village Farms Management Commentary. About Village Farms International, Inc. About Rose LifeScience.

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Mongabay Article: Legal and illegal cannabis: A cause for growing environmental concern

Cannabis Law Report

legal cannabis is expected to generate as much as $43 billion by 2025. illegal cultivation continues feeding large swaths of demand to the tune of $65 billion in 2020. Malta became the first European country to fully legalize it, and Germany may soon follow suit , with potential ripple effects across the European Union. In the U.S.,