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Illinois Hemp regulation battle continues

Illinois News Joint

Though all these proposals deal with hemp regulations and consumer safety, SB3926 does not align with Ford and Collins’ bills. The bill would create the Intoxicating Hemp-Derived THC Consumer Products Safety Committee, which would include 19 committee members, who would issue a consumer-safety standards report on or before Jan.

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

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. These products must also comply with safety standards at the local and state levels. If you want to grow industrial hemp, the U.S.

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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 –. Sensitive Use Determinations & Compliant Premises.

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Hemp CBD Across Europe: The United Kingdom

Canna Law Blog

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%

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Oregon proposes only using one type of mushroom for new psilocybin system, and no pills

Cannabis Law Report

For example, under the draft rules, manufacturers can only cultivate one mushroom species: Psilocybe cubensis. Measure 109 called on the state to only license people who have been Oregon residents for at least two years, until 2025. Experts say there are up to 200 different types of mushrooms that contain psilocybin.

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In One Day, California Governor Signs Into Law Ten Cannabis Bills, Including Authorization for Interstate Commerce

Cannabis Law Report

SB 1326 adds Chapter 25 to the Business and Professions Code and allows for interstate cannabis commerce from California to and from other states that recognize the legality of cannabis cultivation, production, distribution and/or possession. AB 1885 – Cannabis & Cannabis Products: Animals: Veterinary Medicine.

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MPP Report: Marijuana Tax Revenue in States that Regulate Marijuana for Adult Use

Cannabis Law Report

The state’s medical marijuana program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. The legislature and governor had legalized personal possession and cultivation only in 2018. Data for tax revenue from wholesale taxes has not yet been made available.