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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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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. RHO Phyto is the first medical formulary of advanced “Cannabis 2.0” and Santa Marta Golden Hemp S.A.S.,

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Dama Financial to Acquire GrowFlow

Cannabis Law Report

billion for cannabis retailers, cultivators, processors, and distributors. market is expected to reach $43 billion by 2025, according to New Frontier Data. ” The transaction is expected to close this quarter, subject to regulatory approvals and other customary closing conditions. states and four U.S. territories.

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Trouble Brewing? A Look at the Cannabis Industry’s Signs of Distress – and Resilience

Cannabis Law Report

Meanwhile, wholesale prices continue to plummet in many of these mature markets, causing additional pressure on cultivators and manufacturers faced with margin compression. According to a study by New Frontier Data, the cannabis industry grossed $27 billion in sales in 2021 and is expected to reach $32 billion this year.

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4 ways to make cannabis more environmentally friendly

SpeedWeed

When you think about contributing conditions to climate change and environmental decay, which sustainability issues come to mind first? A lack of eco-friendly regulations placed on legal marijuana is a huge reason for unsustainable cannabis cultivation and packaging practices. Cannabis cultivation can be highly water-intensive.

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

Cannabis Law Report

But this is the first time Oregonians have been allowed to see some of the nuts and bolts of what some predict could grow into a billion-dollar industry nationally, according to Data Bridge Market Research. For example, under the draft rules, manufacturers can only cultivate one mushroom species: Psilocybe cubensis.