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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

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.”

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Bloomberg Article: Federal Taxation of Cannabis Under Proposed Legislation

Cannabis Law Report

Greg Kaufman of Eversheds Sutherland outlines the key provisions and urges lawmakers to consider data collected at the state level to get it right. Cannabis would be taxed at 25% of the prevailing price of cannabis per-ounce for cannabis flower and per-milligram of THC for any cannabis extracts. This summer three U.S.

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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

CSE: MXT) (OTCQB: MXTTF) is known for its award-winning extraction equipment, but recently, the company refocused its efforts on its proprietary health-related databases, machine learning analysis, and plans to engage in B2B licensing and mHealth. The above article is sponsored content. Medxtractor Corp. Disclaimer.

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UCANN Drops Patent Lawsuit Against Pure Hemp Collective

SpeedWeed

The Hemp Grower Conference will bring together industry pioneers, successful businesses, leading researchers and regulators to help all hemp growers navigate the cultivation, business and regulatory challenges they face, as well as understand the coming market trends and opportunities that can help shape the future of their businesses.

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Article: A Comprehensive Cannabis Program for New York State: The Second Act

Cannabis Law Report

Just as with the previous proposal, those Registered Organizations would be permitted to vertically integrate their business and would not be subject to the prohibition of adult-use cultivators, processors and/or distributors having a financial stake in a retail dispensary. Adult-Use Licenses.

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The Key to Success for California Cannabis Businesses – Managing Tax Liabilities

Cannabis Law Report

Do not stop reading this article based on the premise the above statement does not apply to you because you are a well-established cultivator and the bulk of the taxes on cannabis apply to dispensaries and distributors. Taxes impact the amount a cultivator will receive.

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Lex Blog Article: Intellectual Property In The Cannabis Industry – Protecting Innovations And Products, Part II (Patents)

Cannabis Law Report

In fact, the cannabis-related patent landscape has become increasingly crowded over the past five years with companies staking their early claims to growing methods, delivery methods, supply chain management, extraction techniques, vaporizers, medical treatments, pharmaceutical compositions, and more.