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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.
Historically, these processes have been paper-based, creating inefficiencies in data management and submission. The goal of this transition is to simplify and accelerate the registration process, reducing administrative burdens while increasing accuracy and compliance for cannabis businesses. See Extension Announcement.
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.
BLS Region” means a region in Illinois used by the United States Bureau of Labor Statistics to gather and categorize certain employment and wage data. For Illinois to continue curbside pickup, the following paragraph was added: “Curbside pickup. Illinois has 17 such regions.
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).
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
A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.
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%). Delivery Data Required to be Reported in Metrc. Read the CDTFA announcement.
billion by 2025, according to reports. It has the ability to impart a particular message and advise buyers about the quality of your merchandise, or it can drive people away if the data isn’t clear. Compliance Labels. The global packaging market for cannabis products is expected to surpass $20.4 Impart Quality.
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.
The Village Farms Shares issued under the Share Purchase Agreement are subject to lock-up agreements, and subject to compliance with applicable securities laws, 33% of these shares will be released in four months, another 33% of these shares to be released after eight months and the remaining shares to be released after one year.
Cyber breach or failure or corruption of our key information technology systems or those of our suppliers, customers, or direct and indirect business partners, or failure to comply with personal data protection laws. Our Sustainability Roadmap. Global Sustainability Goals Established. Identify sources of white oak logs. .
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. This would be useful.
The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] For years that begin after 2025, the deduction will be reduced to 37.5% billion in pursuit of U.S. raised over $175 million Feb.
Sales and market data According to OLCC data , retail sales between January 1, 2024 and November 30, 2024 clocked in at $881 million. Expect numbers to continue on a modest downward trend in 2025. The 2025 legislative session next year is also a long one, lasting from January to June. worth writing about.
The Thomas plaintiffs contended that the county issues violation notices with hefty fines based on imprecise data (such as satellite and drone photos) and for code violations that originated with previous property owners.
legal cannabis is expected to generate as much as $43 billion by 2025. We now have the preliminary data that’s demonstrating native vegetation is sequestering the [cannabis-growing] pesticides into its material at these cultivation sites,” Gabriel explains. This “green rush” is a boon for economies. In the U.S., Meanwhile, U.S.
2021 Mid-Year Market Update,” from New Frontier Data, projects revenue from the legal cannabis market will total $43 billion by the year 2025. Kara Lavaux, Cannabis Compliance Expert, Allay Consulting, CO. “We’re pleased to have the opportunity to inform ABA members regarding trends surrounding the legal market for cannabis.”.
billion in 2025, according to Grandview Research. Another researcher, New Frontier Data, pegged the global value of legal and illicit cannabis together at $340 billion in 2018. By passing the Cannabis Act, Canada has taken a position of principled non-compliance with its international drug treaty obligations,” says Fraser.
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