Illinois News Joint
APRIL 11, 2024
One key provision addresses the definition of “THC” and the total concentration level limits of 0.3% Stakeholders in the hemp industry are concerned that SB392’s broad language has been written so poorly that it could ban all hemp products, including CBD.
Cannabis Law Report
JULY 23, 2021
billion and projected to be worth $41 billion by 2025. With added growth to the industry, goodblend’s new facility will ultimately create several hundred jobs in a wide range of roles including cultivation, manufacturing, analytical chemistry, formulation science, marketing, customer support, and retail.
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Canna Law Blog
MARCH 13, 2024
billion from 2020 to 2025 at a CAGR of 21.74%. Some examples of plant-touching businesses include: Cultivation and breeding: Cultivators and breeders are essential parts of the industry. As a result, the cannabis industry is growing at breakneck speed, especially when it comes to refined cannabis products.
Cannabis Law Report
JULY 1, 2021
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 –. Sensitive Use Determinations & Compliant Premises.
Canna Law Blog
JUNE 25, 2020
The current status of licensing is that Phase Three, Round 2 has yet to commence, but the City is accepting applications for “public convenience or necessity” (PCNs) for those Community Plan Areas that already met Undue Concentration limits. Undue Concentration. License Limits. acres City-wide.
Canna Law Blog
FEBRUARY 26, 2020
According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. Under these Regulations, a license must be issued in order to lawfully cultivate the crop. In addition, the sale of CBD flowers and buds is strictly prohibited in the country even if the THC concentration is below 0.2%
Canna Law Blog
OCTOBER 22, 2020
billion in 2025. Because plant growing was covered by these regulations, hemp could also be cultivated. legalized hemp, which left Mexico, the country in the region with the greatest potential to become a hemp industrial powerhouse due to climate and geography, as the only USMCA member State still criminalizing hemp cultivation.
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