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A California jury last week handed down what has been reported to be the first antitrust jury verdict involving the cannabis industry. As the cannabis industry continues to grow and evolve, cannabis-related antitrust disputes may well increase. The case, Richmond Compassionate Care Collective v. Koziol, et al.
Although medical cannabis has technically been legal in Missouri for over a year and cards have been issued, patients are still waiting desperately for dispensaries to open across the state. Problems plaguing the medical cannabis program in Missouri are three-fold. Seed-to-sale systems complicate production and sale of cannabis.
Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. ounces of marijuana and 15 grams of cannabis concentrates.
But what makes a hotel “420-Friendly,” and what about hotels where cannabis is an integral part of the curated experience? The idea is that it’s a hotel where not only can you be confident that the staff won’t call the police on you, you will also know that it is particularly catering its experiences in part towards fellow cannabis fans.
Cannabis legalization has been positive in many ways. For states that have legalized cannabis, residents no longer have to fear arrest and prosecution as long as they abide by state guidelines regarding cannabis legalization. Nowadays cannabis consumption includes a rich variety of methods. Kief vs. Hash: What is Kief?
Article by Vasco De Oliveira. The Traditional Health Practitioners Act 22 of 2007, has legitimised the practice of indigenous health care system leading to a growing informal or semi-formal trade sector, in which a large number of medicinal plants are sold as crude, unprocessed plant material, including cannabis.
Senate Bill 1723 , which deals with several provisions for craft growers, recently moved from Executive to the Subcommittee on Cannabis. Lightford originally proposed the bill that amends the Cannabis Regulation and Tax Act on Feb. Kimberly A. 2) During calendar year 2024, 60,000 grams per month. (3)
CPA’s “ PUBLISHER: CANNABIS LAW REPORT. . The key to the long-term success of every medical or adult-use cannabis business in California will be found in the management of tax liabilities. Cultivators, distributors and dispensaries must split the money that is left after all of the taxes on cannabis are paid. .
Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and CannabisDispensary.
Cannabisdispensaries and retailers must focus on delivering amazing customer experiences to stand out in an increasingly competitive industry. Delivering the best customer experiences is an extremely effective way to ensure your dispensary has a competitive advantage. Something went wrong while submitting the form.
When Proposition 64 passed in 2016 legalizing marijuana sales in California, Wilmington dispensary owner Javier Montes and hundreds of other cannabis retailers hoped for better times ahead. “We Instead, things have gone from bad to worse for the local cannabisdispensary industry. Black market thriving.
The whole valley has gone crazy,” said Jim Camper, president of Organic Solutions of the Desert, the oldest dispensary in Palm Springs. Camper has watched the industry boom since he started 11 years ago as a medical cannabisdispensary. PSA Organica’s slogan is “The Collective that Cares.”. The Spokesman reports.
On January 21, 2020, as part of his 2021 Executive Budget, New York State Governor Cuomo released his proposed Cannabis Regulation and Taxation Act (CRTA)—his vision of a regulated cannabis market in New York State and second bite at the apple. The legislation calls for the creation of the Office of Cannabis Management (the OCM).
Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and CannabisDispensary.
A California dispensary is calling attention to the environmental impact of cannabis packaging waste with a campaign that encourages customers to help recycle some of the industry’s plastic into diesel fuel. noted in a press release about the campaign, which was planned for the run-up to the 4/20 cannabis high holiday.
The department said it has “collected fees related to facility and patient licensing,” and that “Article XIV states that medical marijuana sold in licensed dispensaries will be taxed at a rate of 4%.”. The first dispensaries in the state opened their doors to customers in October of 2020. View original article.
PUBLISHER: CANNABIS LAW REPORT. 280E to cannabisdispensaries. The first Harborside case rejected the manner in which the two dispensaries determined Cost of Goods Sold (“COGS”). 471 should be used by a cannabisdispensary to determine COGS. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S.
PUBLISHER: CANNABIS LAW REPORT. We have discussed in other Posts our concerns about inadequacies in the information the California Department of Tax and Fee Administration [“CDTFA”] has distributed relating to the Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”] as well as inadequacies in the tax return CDTFA adopted [1].
THC, CBD, CBN…the Cannabis industry is quite familiar with acronyms. But it’s another nasty little four letters, TCPA , that are – or should be – on the top of mind for every dispensary, delivery service, CRM platform, and private equity holding company. The Perfect Storm: TCPA + Cannabis Industry Factors.
Recyclable cannabis packaging is coming to one store in Saskatoon – and they hope the trend will spread. However, according to CTV News , a single dispensary hopes to change that. Saskatoon-based Living Skies Cannabis wants to minimize waste, prompting them to provide a recycling bin at their store for marijuana containers.
View original article. The post UCANN Drops Patent Lawsuit Against Pure Hemp Collective appeared first on SpeedWeed. The company employs nearly 100 editors, publishers, sales representatives, marketers and other professionals. For more information, visit www.GIEMedia.com.
PUBLISHER: CANNABIS LAW REPORT. . On August 6 th we published an article that described the financial benefits of the use of a properly organized Cannabis Cooperative Association (“CCA”) to move cannabis as adult-use flower from cultivator to consumer. The $40 sale price includes the taxes collected from consumers.
CPA’s “ PUBLISHER: CANNABIS LAW REPORT. This article is the companion to our article relating to the impact of taxes on the sale of cannabis flower. Our earlier article provided a simple illustration of the impact of taxes on the movement of flower through California’s commercial cannabis market.
Oregons cannabis industry faced a big question last November: should it be easier for cannabis workers to unionize? Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. Background on Labor Unions in the U.S. Labor unions in the U.S.
Washtenaw County, which has 22 dispensaries, will collect the most money at more than $616,000. Ann Arbor, home to 17 dispensaries, will get more than $476,000, according to the state. More than $31 million was collected from the 10 percent adult-use marijuana excise tax in the state’s fiscal 2020. View original article.
Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator Cultivate. The company also has two operational dispensaries, in Framingham and Leicester, and a third is expected to open in the second quarter of this year.
PUBLISHER: CANNABIS LAW REPORT. This is the last of the four articles we decided to publish to illustrate the savings for consumers, and additional profits for cultivators, that can be produced through the use of a properly organized Cannabis Cooperative Association (“CCA”). CPAs – Jordan S. gram cartridge). gram cartridge).
Since Massachusetts legalized cannabis for recreational use in 2016, options of how to consume the plant, what to buy, and where to shop have exploded. Here’s a roundup of premier cannabis products available across Massachusetts to get you started. If you enjoy cannabis vapes, you haven’t lived until you’ve hit a Fernway cartridge.
Sales tax revenue has gone up significantly in West Siloam Springs since the first medical marijuana dispensary opened in March, and Mayor Elaine Carr believes the new pot businesses are largely responsible. The Arkansas Department of Health website lists 32 dispensaries in the state, compared to Oklahoma’s list of more than 2,200.
A study of data from across the country has found no evidence that the legalization of medical cannabis and the establishment of dispensaries encourages marijuana use by young people. Lower Cannabis Use Among 9th Graders.
Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and CannabisDispensary.
If 2021 was the appetizer, expect 2022 to be the main course for cannabis laws in Ohio. Under the bill, Ohio’s successful Medical Marijuana Control Program would be extended to also regulate the non-medical cultivation, processing, sale, and adult-use of cannabis products. Benesch Friedlander Coplan & Aronoff.
CPA’s “ PUBLISHER: CANNABIS LAW REPORT. Excessive taxes on cannabis is one of several reasons California’s roll-out of cannabis regulation is a fiasco. CDTFA bears both primary responsibility and substantial responsibility for the projected shortfall in the projected tax collections from cannabis!
Clint Eastwood and Justin Beiber both made headlines in and around the cannabis industry earlier this month, but for radically different reasons. For Clint Eastwood, the cannabis headlines came after he won a $6.1 Here’s a look at the good, the bad, and the ugly in celebrity cannabis brands. Instant headlines.
The Chief Operating Officer of BioTrackTHC, Moe Afaneh, gave a high-level overview of the company’s seed-to-sale software for state-level data collection. The use of the state’s web-based platform will be mandatory for all registered caregivers, dispensaries, and adult use licensees.
It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. of the state’s population is actively registered in the medical cannabis program. In all, 23 people were approved for medical cannabis licenses on the first day.
This list certainly doesn’t include every leader in the cannabis industry and we apologize if there are key people we missed. Seattle resident JJ McKay is the founder/ publisher of The Fresh Toast , one of the largest media content consumer-facing cannabis media companies in the US and Canada. Love is love.
a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, a licensed medical cannabis processor in Ohio. Jushi’s objective is for our brands and product offerings to not only meet but exceed cannabis consumers’ expectations.
PUBLISHER: CANNABIS LAW REPORT. Our staff wrote this brief commentary as an observation relating to the state of California’s cannabis industry. We want to first describe some of our qualifications for writing this article. Our interest in California’s cannabis industry extends far beyond taxes. CPAs – Jordan S.
CPA’s” PUBLISHER: CANNABIS LAW REPORT. note to provide every California dispensary with a guide for the preparation and maintenance of the financial records a dispensary needs to have in order to be prepared for the inevitable tax audit. Every California dispensary will soon be audited.
a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, a licensed medical cannabis processor in Ohio. Jushi’s objective is for our brands and product offerings to not only meet but exceed cannabis consumers’ expectations.
Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and CannabisDispensary.
Editor’s Note: There is no denying that the cannabis industry is rapidly growing and evolving, leaving many in the industry to have to continuously adapt to the ever-changing landscape. Oliver shares her personal experiences and lessons learned as a small business owner in the cannabis industry with Cannabis Business Times.
PUBLISHER: CANNABIS LAW REPORT. . We have spent the past couple of articles reviewing the differences between “bookkeepers”, “generic accountants”, and “professional accountants”, the final phrase being limited to certified public accountants [‘CPAs” in the United States [1]. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S.
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