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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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California: Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses

Cannabis Law Report

Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. In an attempt to transition to an annual licensure program, April 1 st marked the beginning of the end for provisional cannabis licensure. Originally, the program was only intended to have a 1-year life span. Tuesday, April 12, 2022.

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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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9 Key Takeaways From LA’s Newest Ordinance Amendments

Cannabis Law Report

New Cultivation Licenses Limited To SEIAs through January 1, 2025. Namely, this new section of the Ordinance aims to bolster the Social Equity Program by limiting all future cultivation licenses in the City to Social Equity Individual Applicants (“SEIA”). Key Takeaways –.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022. Setting Allocation 3 funding for youth education/intervention/ treatment, environmental restoration, and state and local law enforcement programs at a baseline of $670 million annually for three years.

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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. and countries around the globe, many jurisdictions are implementing social equity initiatives and building community reinvestment programs. The report “Cannabis in the U.S. 11:00 AM-12:30 PM.