Canna Law Blog

MARCH 28, 2020

The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. Industrial hemp production is legal in Spain.

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Cannabis Law Report

DECEMBER 14, 2019

The partners say the funding will go toward the construction of an extraction facility and provide working capital for Jersey Hemp in the company’s second year of hemp growing and CBD production. billion) by 2025. million) in Jersey Hemp.

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SpeedWeed

JULY 29, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Advantages.

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SpeedWeed

JULY 28, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Advantages.

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SpeedWeed

JULY 28, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Advantages.

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Veriheal

SEPTEMBER 21, 2022

It’s been two months since synthetic cannabinoids were outlawed in Oregon , where legal cannabis sales totaled almost $1.2 We have testing for residual solvents from the extraction process,” said the OLCC’s hemp and processing compliance specialist, Steven Crowley. billion by the year 2025. billion in 2021.

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Veriheal

SEPTEMBER 6, 2021

Cannabis cultivators in California, where legal cannabis sales reached $2.2 billion by 2025 , it goes without saying that California’s wildfires are stirring up worry for industry players, such as cultivators and producers. billion in 2020 , are growing increasingly concerned about the fate of their crops.

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Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 30, 2019

There is a serious lack of liquidity/transparency in the hemp market, which must change as the industry grows into its projected $26 billion dollar market by 2025. Right now some contracts for hemp biomass are priced based on the actual extracted CBD content (which is inefficient and slow) while others are based on COA testing.

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SpeedWeed

JULY 29, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. jobs per hectare and could create 7,772 formal agricultural jobs by 2025 and 26,968 by 2030, Fedesarrollo said. Advantages.

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Cannabis Law Report

JANUARY 12, 2020

It has approved use of cannabis extracts for treatment of a range of illnesses and conditions, including cancer, epilepsy, Alzheimer’s, Parkinson’s disease and anxiety. According to a 2019 study by Grand View Research, a US-based market research firm, the global legal marijuana market is expected to be worth US$66.3

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Cannabis Law Report

MARCH 13, 2019

The sale of hemp-based products is currently legal federally. The legalization of the adult recreational use of cannabis is expected to become reality with the adoption of the 2019-2020 New York State budget. The development of an emerging industry like Hemp and Cannabis comes with a lot of confusion and blurred legality.

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Cannabis Law Report

NOVEMBER 7, 2019

The Centre for Medicinal Cannabis’ conference sees the launch of the association, a platform which brings together leading businesses and experts committed to fostering a legally compliant, socially responsible and innovative CBD industry, which puts customers’ safety first. The Association for the Cannabinoid Industry.

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Cannabis Law Report

FEBRUARY 18, 2020

Even though 47 states have legalized cannabis for some forms of medical use , New York significantly falls behind its neighbors in terms of marijuana legislation. The governor also launched an initiative to analyze how marijuana legalization for recreational use would affect the state in general. for decades. billion in revenue.

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Cannabis Law Report

SEPTEMBER 15, 2021

Missouri’s first legal medical sale took place in October 2020, and, per the Missouri Department of Health and Senior Services, there are already 140 approved dispensaries responsible for over USD$65 million of retail sales in the first half of 2021, and USD$21 million of sales in the month of July. expansion.”.

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Cannabis Law Report

JULY 8, 2021

Cannabis legalisation is the way of eliminating all legal barriers to its use. Legalization of cannabis means that it would still be prohibited, but no one would be prosecuted if they had less than a certain quantity. billion in federal tax revenue by 2025. billion in federal tax revenue by 2025. billion by 2024.

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Cannabis Law Report

JULY 26, 2019

The Australian cannabis market is expected to have a net worth of approximately $55 million by the end of 2025. AGH is in the process of buying a Canadian recreational cannabis company, Peak Processing Solutions, which is focussed on the extraction, production and processing of edibles, drinks and cosmetics imbibed with cannabis.

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Canna Law Blog

FEBRUARY 12, 2024

Products containing industrial hemp would still have to comply with all legal requirements for cannabis products and would have to be tracked and traced as separate batches. If the law passes, the state has until July 1, 2025 to implement regulations. #2 3) Any other chemical substance approved by the department in regulation.

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Cannabis Law Report

OCTOBER 15, 2021

Players in the cannabis space already understand that federal tax law as currently structured extracts a far greater tax bite from marijuana businesses than corresponding companies, as cannabis companies are prohibited from deducting their business expenses from gross income. Of course, with U.S. cannabis sales expected to grow by nearly 2.5x

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Cannabis Law Report

SEPTEMBER 21, 2022

CBD extract sales, cannabis net revenue was $51.2 Each June 2022 Offering Warrant entitles the holder to purchase one common share of the Company at a price of US$2.45 per warrant share until June 1, 2025. Consolidated: Q4 2022 total cannabis net revenue 1 was $50.2 Excluding a $1.0 million , an increase of $0.8

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Cannabis Law Report

MAY 19, 2019

In the recent times, there have been calls from different quarters on the need to legalize the use of Marijuana in Nigeria. This legal opinion considers the mischief behind the laws proscribing the production, possession, sale and use of Marijuana and thereafter considers the benefits of legalizing Marijuana in Nigeria.

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SpeedWeed

AUGUST 10, 2021

A lack of eco-friendly regulations placed on legal marijuana is a huge reason for unsustainable cannabis cultivation and packaging practices. For instance, few legal states allow for outdoor growing, a far more energy-efficient alternative to indoor growing. Utilize more eco-friendly extraction methods, such as CO2 extraction.

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Cannabis Law Report

JUNE 7, 2021

Israel also announced plans to legalize recreational cannabis in late 2020, which will further drive demand for high-quality cannabis products. 230 million by 2025. “We Brightfield estimates the market will generate over U.S.$130 130 million in 2021 and reach over U.S.$230

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Cannabis Law Report

JUNE 8, 2021

If earlier cannabis was a taboo subject due to its psychedelic properties, then with the development of technologies that allow the extraction of pure cannabidiol, the situation has changed radically. The first use of medical cannabis was recorded in 1996 in California, USA, and the first country to legalize cannabis was Uruguay in 2013.

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Cannabis Law Report

MARCH 3, 2020

billion by 2025, recording a CAGR of 34%. billion by 2025, recording a CAGR of 34%. billion by 2025, according to a new report by Grand View Research, Inc., Division Three – The Hemp Extraction & Pre-Roll Blending Infrastructure. Division Three – The Hemp Extraction & Pre-Roll Blending Infrastructure.

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Cannabis Law Report

JUNE 17, 2021

Already a price leader with a significant market share in the competitive German Dronabinol market, Cantourage and its partners now offer products in all relevant market segments – dried flowers, extracts and Dronabinol. “We The current European market is dominated by just a few companies.

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Cannabis Law Report

OCTOBER 17, 2019

As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Colorado has legalized both recreational and medical use of cannabis.

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