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Germany goes to the polls Germanys snap elections on February 23, 2025, have the cannabis industry watching closely. The CDU/CSU has pledged to repeal Germanys quasi-legalization law passed in 2024. If Merz partners with center-left parties, repealing German cannabis laws would be difficult.
New hemp extract rule takes effect Effective March 12, 2025, Floridas updated Hemp Extract Rule (Florida Administrative Rule 5K-4.034) introduces stricter packaging and marketing regulations. The new rule prohibits: Marketing that appeals to children, including certain wording and imagery (as defined by Florida law).
The Illinois Department of Public Health (IDPH) today released its March 2025 medical cannabis sales totals. Total wholesale sales by cultivation centers in 2025 hit $83,090,340.57, and total wholesale sales since November 2015 by cultivation centers finished at $4,181,971,650.82. in dry flower and $11,291,256.40
The newly emerging legal cannabis industry has cultivated more than just cannabis and jobs. Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. It also produces a lot of capital.
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. Prices of recreational weed are often a result of how long the state market has been around and how many cultivators it has operating.
The Illinois Department of Public Health (IDPH) today released its April 2025 medical cannabis sales totals. Total retail sales since November 2015 reached $304,592,649.30, and 2019 total wholesale sales by cultivation centers finished at $24,530,517.45. Monthly Totals for 2025: January: $21,459,882.77medical February: $19,748,199.87
The Illinois Department of Public Health (IDPH) today released its February 2025 medical cannabis sales totals. This followed January 2025 totals of $21,459,882.77, which was the lowest total since July 2019. February 2025 medical cannabis sales included $9,625,137.04 Monthly Totals for 2025: January: $21,459,882.77
Incomplete product registrations identified after March 31, 2025, risk immediate deactivation. These updates must be completed by March 31, 2025, to avoid non-compliance or deactivation. January 2025: Legacy registrations must be updated in the portal. March 31, 2025: New Deadline for Product Registration Cleanup.
billion in 2025, growing at a CAGR of 4.87% during the period spanning 2021-2025. Growing cultivation of cannabis and increasing demand for plastic films is expected to act as a major key trend for the market. The global polyethylene market inclined to US$169.27
Gavin Newsom signed budget trailer bill Assembly Bill 195 (AB-195) into law. AB-195 contains several significant reforms to California’s cannabis laws. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.
This policy ensured significant penalties and incarceration for possession, cultivation, and trafficking for anyone found guilty in the U.S. The legalization of weed for adults 21 and over has opened the floodgates, prompting 24 states to establish their own recreational, adult-use laws.
That deadline is officially extended to March 31, 2025, for all cultivation centers, craft growers, and infusers. Failure to complete satisfactory registration updates before March 31, 2025, may result in registrations being considered incomplete and/or noncompliant. It is in registers interest to act now.
(NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) issuing US$74,500,000 aggregate principal amount of 6.00% secured convertible notes due 2025 (the “Notes”). Securities Act or any state securities laws.
December 2022, I published a 6-part series titled, “What Illinois cannabis patients really want” to start a dialogue about the large gap between patients’ needs, wishes, concerns, and recommendation for improving the Medical Cannabis Patient Program (MCPP) and the actual amendments to the law legislators have introduced.
European medical cannabis company Cantourage today launched its new and innovative platform, enabling cultivators from across the world to bring their product into the growing and profitable European market more quickly and cheaply. The company enables cultivators to sell under their own brands.
SB1723 deletes the provision that states any person or entity awarded a craft grower license under specified provisions “shall only hold one craft grower license” and removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower but leaves in the restriction for “a cultivation center.”
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.
The Illinois Department of Public Health (IDPH) released its January 2025 medical cannabis sales totals. Total wholesale sales by cultivation centers in 2025 hit $26,600,185.42, and total wholesale sales since November 2015 by cultivation centers finished at $4,059,953,762.14. in dry flower sales and $11,181,916.80
Craft grow changes include the repeal of provisions establishing cultivator taxes and craft grower taxes and a shared premises pilot program. The provision for the shared premises pilot program states, “The Department of Agriculture shall create a pilot program that shall allow craft growers to share premises with cultivation center.
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.
billion by the end of 2025, according to a new report by Grand View Research, Inc. However, legalization of medicinal cannabis in European countries, accompanied by stringent rules and regulations regarding the product sale and cultivation may limit the overall growth in Europe and in turn for the global market. from 2019 to 2025.
According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. We begin by analyzing the laws of the United Kingdom (“UK”). Under these Regulations, a license must be issued in order to lawfully cultivate the crop. billion by 2023. no more than 1 mg).
Here’s what they are saying in their press release… Highlands Investments, a licensed cultivator of high-quality GAP and ISO 22000 certified cannabis has secured the sale of 8.5 billion by 2025 according to the Prohibition Partners Key Insights from the European Cannabis Report, 6 th Edition ( April 2021 ).
Impact on Businesses The law creates licenses for 15 types of cannabis businesses, each of which will be subject to an application process, application fees, license fees, and renewal fees. Here’s a breakdown: Cannabis cultivators: The license holder may grow enough cannabis plants to fill up to 30,000 square feet.
billion that Headset analysts predict by the year 2025, lawmakers must first clarify which (if any) of the recently proposed amendments will be adopted into official law. Last year, when recreational cannabis in Virginia was legalized, the law was rigidly enacted within strict party lines.
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.
We are actively building one of the most robust networks of retail stores and cultivation facilities in the highest quality markets. per annum, payable quarterly in arrears, with a maturity date of August 27, 2025. said Abner Kurtin , Founder and CEO of AWH. “We The Term Loan will bear interest of 9.5%
During a meeting of the Standing Committee of the National Assembly on Science and Technology, Minister Faraz stressed that the global cannabis market will reach 95 billion rupees ( editor’s note: the equivalent of 1 billion euros, an underestimated figure ) by 2025. Cannabis seeds will also be produced near Rawat,” Faraz said.
It overhauls the tangle of federal laws and regulations governing cannabis and replaces the archaic policy of cannabis prohibition with common-sense reforms for treating cannabis as an agricultural, medical, and consumer good where states decide to do so; it also respects state primacy on the decision to legalize cannabis within its borders.
In the United States, where cannabis is still illegal under federal law, there are currently 19 states and the District of Columbia that allow the recreational use of marijuana. This legislation also allows adults to cultivate two cannabis plants for personal use. Up to three plants could also be cultivated in residents’ homes.
ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS/. 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.
(GEO), a leading manufacturer and distributor of premium certified organic soils and nutrients specifically designed to optimize the purity and yield of cannabis and hemp cultivation, will close its Regulation A+ crowdfunding raise this Friday, July 23, 2021 at 11:59 pm. For more information on the offering and to invest, visit: [link].
City cultivation licenses would be reserved for social equity applicants through January 1, 2025. Emily Hackman, a license specialist with law firm Vicente Sederberg , said one big takeaway is DCR would have to meet codified deadlines for responding to applicants.
Despite cannabis remaining against the law on a federal level, many states have been allowing the sale, cultivation, and consumption of cannabis, with more states joining all the time. With a tad of luck and the spread of knowledge about cannabis, these four states will see favorable cannabis reform laws become a reality this November.
“We take pride in our in-house cultivation, global varieties, and a full lineup of strain-specific products.” Thanks to the new law, Thai residents can legally cultivate the plant for personal consumption. . Thanks to the new law, Thai residents can legally cultivate the plant for personal consumption. .
Research commissioned by the Centre for Medicinal Cannabis pinned a £1 billion valuation on the CBD market by the year 2025. The brothers boast years of experience in hemp cultivation. Confusion surrounding British CBD laws has thrust the cannabinoid into a legal gray area. CBD sales. . About Charlotte’s Web CBD.
230 million by 2025. “We Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a state-of-the-art R&D facility. Brightfield estimates the market will generate over U.S.$130
The market for medical cannabis products is expected to grow to $50 billion by 2025 and the pharmaceutical products market is expected to grow to about $5 billion by 2027, by current estimations. Cannassure is engaged in the breeding, cultivating, processing, distribution and R&D of medical cannabis products.
PUBLISHER: CANNABIS LAW REPORT. Reforms to the Netherland’s opaque cannabis laws are finally underway after an agreement was struck on a four-year trial to provide cafes with a legal and regulated supply of product. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Mark Taylor.
Possession Under the Senate’s bill, eligible adults could possess up to five pounds from home cultivation, plus another two pounds purchased elsewhere. Past Offenses Under the Senate’s bill, the Minnesota Bureau of Criminal Apprehension would begin the process to expunge misdemeanor records in 2025. pounds all-in. Root for the Senate.
Cannabis farms are regulated under Oregon OSHA rules regarding agriculture , but, according to law enforcement officials in Southern Oregon , the worst working conditions often take place at illegal operations. During the grant’s July 2020-July 2021 cycle, law enforcement agencies seized almost $3.5
The new decree, 811, issued July 23, modifies an earlier law that regulated the commercialization of medical cannabis, Justice Minister Wilson Ruiz said. The Ministry of Justice will continue to be responsible for issuing licenses for seeds for the cultivation of cannabis plants. Exports Set to Skyrocket. billion in a decade hence.
Acting in one fell swoop, on September 18, 2022, California Governor Gavin Newsom signed 10 cannabis-related legislative bills into law. These regulations must be promulgated no later than July 1, 2025, and would prohibit the marketing or sale of those products before the regulations take effect.
Assuming that the Mayor signs this into law, there are several new rules for LA you should know about. New Cultivation Licenses Limited To SEIAs through January 1, 2025. Interestingly, this amendment does not address the fact that there are no more “open” cultivation licenses available in the City. Key Takeaways –.
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