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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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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Changes in regulations can have ripple effects throughout the industry, impacting supply chains, investment strategies, and consumer access to medical cannabis products.

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Texas Original Compassionate Cultivation Hires Aaron Trahan as Head of Customer Operations

Cannabis Law Report

Trahan brings two decades of retail management and customer experience expertise to Texas’ leading medical cannabis provider. AUSTIN, Texas–(BUSINESS WIRE)– Texas Original Compassionate Cultivation (TXOG), Texas’ leading medical cannabis provider, announced today it has hired Aaron Trahan as head of customer operations.

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$25 million medical cannabis facility to bring “Budding Industry” to San Marcos

Cannabis Law Report

On April 19, 2021, construction began on three buildings, one retail and two industrial, totaling approximately 63,000 square feet. According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 Goodblend expects to complete the project near the beginning of next year.

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Insurance Matters: How Retailers Can Protect Themselves from Liability for Recalled Products

SpeedWeed

In 2019, Vitalis started to explore cultivating hemp indoors hydroponically—the process of growing plants in soilless nutrient solution, Cannabis Business Times previously reported. Despite Vitalis’ experience with outdoor cultivation, he says he prefers growing in the shipping container. © Courtesy of New Age Provisions Farms Vitalis.

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Legislation to Expedite Cannabis Cultivation Introduced in New York

SpeedWeed

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re flexible and ready to pivot.”.

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Akerna Releases 2021 Cannabis Industry Mid-Year Review

Cannabis Law Report

You can access the report here. Data Snapshot: Cannabis Consumer Spending and Trends: James Ahrendt , Business Intelligence Architect, Akerna. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. About MJ Freeway.