Canna Law Blog

MARCH 7, 2020

billion by 2025, with North America leading the way. Hemp CBD topicals represent a significant percentage of the booming CBD market. According to an August 2019 report released by Grand View Research, Inc., the global CBD skincare market is expected to reach $1.7

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Illinois News Joint

APRIL 11, 2024

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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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. We begin by analyzing the laws of the United Kingdom (“UK”). Generally, UK law also requires that hemp from “third countries”’ be imported under a license. billion by 2023. and from EU-approved origin.

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Cannabis Law Report

JANUARY 31, 2020

“Despite this, the Queensland government spends around $500m enforcing drug laws and imprisons around 1840 people per year,” its report says. It comes as the Australian Capital Territory relaxes laws around personal cannabis use, with people there now allowed to possess up to 50 grams of the drug and grow two plants.

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Veriheal

JANUARY 18, 2023

Despite the law’s passing, CBD is still widely unregulated in the United Kingdom. The lack of regulation has raised concerns about consumer safety. Research commissioned by the Centre for Medicinal Cannabis pinned a £1 billion valuation on the CBD market by the year 2025. CBD sales. . About Charlotte’s Web CBD. Home Office.

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SpeedWeed

MARCH 20, 2021

Financial pressures, public opinion, social inequity, and public safety could lead to federal cannabis legalization sooner than many people previously expected. Total sales of legal cannabis in states where it is currently legal are projected to reach nearly $30 billion by 2025 ($13.1 billion in adult-use states by 2025.

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Cannabis Law Report

SEPTEMBER 22, 2022

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.

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Cannabis Law Report

AUGUST 15, 2022

A state law passed earlier this year grants reimbursement for many municipal expenses associated with the opt-in process. The most important thing we can do is to try and ensure that Mainers who choose to use cannabis can do so in a well-regulated environment that safeguards public health and safety in the best way possible.”.

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Cannabis Law Report

OCTOBER 15, 2019

PUBLISHER: CANNABIS LAW REPORT. . The Personal Income Tax Law and the Corporation Tax Law allow various deductions in computing the income that is subject to the taxes imposed by those laws. The Personal Income Tax Law conforms to those federal income tax law provisions with respect to deductions.

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Cannabis Law Report

JULY 1, 2022

Retain the current 15-percent excise tax rate until at least 2025, and thereafter increase the tax rate (no higher than 19 percent) as necessary to make up for cultivation-tax revenue. The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022.

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Cannabis Law Report

OCTOBER 1, 2021

The opening to medical cannabis was in fact in the Cap 2025 recovery plan of the local government and the President of French Polynesia announced at the beginning of April of his intention to “open up the possibility of the cultivation of cannabis for therapeutic use ”in its territory.

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SpeedWeed

AUGUST 24, 2021

In the ruling, Judge Livingston ruled that Section 443.204(4) of the Texas Health and Safety Code and Section 122.301(b) of the Texas Agriculture Code violate the Texas Constitution. Section 443.204(4) of the Health and Safety code reads “the processing or manufacturing of a consumable hemp product for smoking is prohibited.”

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Cannabis Law Report

OCTOBER 22, 2019

The objectives of the new law are as follows: To provide tax equity to the cannabis industry. To align the Personal Income Tax Law with the Corporation Tax Law in relation to deductions under Section 280E of the Internal Revenue Code. This new law takes effect immediately. Source: [link].

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Cannabis Law Report

JULY 1, 2021

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. The proposed amendments to the Ordinance would make cultivation available only to SEIA through January 1, 2025. Key Takeaways –.

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Cannabis Law Report

JUNE 7, 2021

Eighteen states have enacted laws legalizing, taxing, and regulating cannabis for adults 21 and older. Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. Pritzker signed HB 1438 into law, legalizing and regulating marijuana for adults’ use. Illinois (pop.

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Cannabis Law Report

FEBRUARY 9, 2022

“It is kind of a landmark moment because Oregon is the very first state to have created such a system of regulation,” said Mason Marks, a member of Oregon’s psilocybin advisory board and a senior fellow on the Project on Psychedelics Law and Regulation at Harvard Law School. But the OHA has not yet drafted rules or taken a position.

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Cannabis Law Report

OCTOBER 22, 2019

On October 12, 2019, California Governor Gavin Newsom announced the following cannabis-related bills were signed into law: AB 37. Allows cannabis businesses to claim state tax deductions and credits available to other legal businesses in the state for each taxable year beginning on or after January 1, 2020, and before January 1, 2025.

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SpeedWeed

JULY 15, 2021

California just signed a new law into effect that will consolidate the state’s cannabis programs into one department. . These will be able to be renewed until January 1, 2025. This was done to help simplify regulatory oversight and make access to licenses more clear and straightforward for those seeking to find them. .

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SpeedWeed

APRIL 27, 2021

We look forward to working with the public and all interested parties as we develop guidelines around this new industry to move it forward, while also protecting public safety and raising revenue for the state of Montana.”. Changes In The Bill That The Montana Senate Passed. The signatures were officially certified in August of last year. .

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Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

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Cannabis Law Report

JUNE 25, 2021

billion in 2025 at a CAGR of 14%. The European Medicines Agency (EMA) is the regulatory body that evaluates and supervises the production and sales of medicines for safety and benefit of the customer, in the European Union Region. The market is expected to reach $2.72 The skin cancer drugs market consists of sales of skin cancer drugs.

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Cannabis Law Report

APRIL 2, 2022

UK Food Standards Agency will now proceed through the safety evaluation process. The FSA is the Central Competent Authority for food safety that issues guidance to support consistency in approach in the United Kingdom. billion by 2025. This status allows Charlotte’s Web to continue selling its products in the U.K.

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Cannabis Law Report

JULY 27, 2022

By many estimates, the global cannabis economy is expected to exceed $95B by 2025. If a government chooses this lane, they have a responsibility to ensure safety, quality, and consistency. Roughly half of that value is attributed to the United States. Keep in mind, that’s in the face of federal illegality.

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Otherside Farms

MAY 17, 2021

billion by 2025, according to reports. Appropriate safeguards must be taken to guarantee organizations are conforming to safe, lawful practices and methods. All cannabis product packaging must be child-resistant by law. Packaging and labeling are an important part of dealing with changes to laws.

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Cannabis Law Report

FEBRUARY 18, 2020

This guide will uncover key facts about recreational and medical marijuana use and the history of its laws in the state of New York. . Over the next 50 years, several studies surrounding marijuana use and its effects were conducted as the state introduced new laws. History of Marijuana Legislation in New York. billion in revenue.

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Cannabis Law Report

OCTOBER 8, 2019

Under California’s election laws, the Pasadena City Council only has two options tonight when it comes to taking action on an initiative that would throw a wrench into the City’s complex, voter-approved commercial cannabis ordinances. Here’s the full report. an interesting conundrum indeed.

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Puff Puff Post

DECEMBER 2, 2019

Many of the safety issues in the report involve the use of CBD without the guidance of a health care professional. billion, and is expected to grow dramatically by 2025. Part of the reason for the confusion comes down to technicalities in the law. THC is now in a legal gray zone.

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Puff Puff Post

DECEMBER 28, 2018

This is on par with the cost currently seen for those afflicted with ADHD and diabetes, with predictions for the cost to skyrocket further by 2025. million USD for their study regarding the safety and efficacy of CBD therapy for autism in children. As far-fetched as it sounds, the negative side of CBD is pretty blank.

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Cannabis Law Report

OCTOBER 6, 2021

DCC develops and implements progressive cannabis policies with robust protections for public health, safety and the environment. To learn more about the California cannabis market, state licenses or laws, visit www.cannabis.ca.gov. March 31, 2025. For additional information, contact: press@cannabis.ca.gov. October 15, 2021.

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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

SEPTEMBER 10, 2022

The Oregon legislative Task Force on Cannabis-Derived Intoxicants and Illegal Cannabis Production is exploring potential reforms to the state’s regulation of cannabinoid products and legislation for 2023 to combat what law enforcement believes is an increase in illicit marijuana production. delta-9 THC threshold.

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Cannabis Law Report

DECEMBER 16, 2021

Service Centers are not considered healthcare facilities under Oregon law but will be subject to health and safety regulation by the Oregon Health Authority. A facilitator must also establish that they meet the two year residency requirement, until January 2025.

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Cannabis Law Report

DECEMBER 14, 2021

of total net sales by the end of fiscal 2025. The company expects average annual growth from fiscal year 2022 through 2025 driven by core expansion and increased innovation across both divisions. Expanded Cost Savings to $1 Billion by End of Fiscal 2025. The Snacks Growth Engine: Elevating Growth and Margins. Adjusted EBIT. .

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The Joint Blog

JULY 25, 2020

organic food market by 2025 is at $70.4 FDA is the government agency that ensures the safety and quality of foods, drugs, cosmetics, and other like products marketed in the United States. CBD Legal and Safety Issues An FDA report presented to the U.S. It has been predicted that the U.S CBD Products and the FDA The U.S.

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Cannabis Law Report

JANUARY 9, 2022

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). Pritzker signed HB 1438 into law, legalizing and regulating cannabis for adults’ use. Illinois (pop.

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Cannabis Law Report

NOVEMBER 15, 2021

The Village Farms Shares issued under the Share Purchase Agreement are subject to lock-up agreements, and subject to compliance with applicable securities laws, 33% of these shares will be released in four months, another 33% of these shares to be released after eight months and the remaining shares to be released after one year.

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Cannabis Law Report

NOVEMBER 16, 2021

For multiple health and safety reasons, we believe orally dosed MYMD-1 is vastly superior to any of the available TNF inhibitors on the market today, one of which is the best-selling drug in the world.”. The secondary measures will be the safety, tolerability, and pharmacokinetics in this population of patients.

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