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By Oliver Bennett, Special Contributor to New Frontier Data. Read full article at [link]. Once welcomed as a progressive venue forward for adult-use legalization, Barcelona’s cannabis clubs suddenly find themselves in legal limbo, and possible jeopardy of elimination. Even the City Hall doesn’t know exactly what is going to happen.
Let’s take a closer look at five key ways big data and technology are directly impacting the industry. Big Data Streamlines the Marijuana Regulatory Process and Helps Close the Scientific Research Gap. Therefore, the growing marijuana market lacks the clinical data needed to help marijuana businesses create new and better products.
For this post, I want to focus on the where the new cultivation licenses have been issued, what it means for the total number of licenses, and what might it translate into in terms of expanded canopy size. Through the end of May, 3,278 new cultivation licenses were issued in 14 states. View original article.
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.
Without compliance boxes checked, the operation will not be able to launch. Smaller cities won’t typically pay $15,000 a month in rent, but some large cannabis cultivation facilities that are 25,000+ sq. Data & Software. The data goes further than that though, especially when it comes to cultivation and manufacturing.
WHILE Italy is both one of the earliest and largest medical cannabis markets in Europe, new data has revealed the ongoing inability of its system to ‘serve patients’ needs’. Read full article. The Italian Military’s Monopoly On Medical Cannabis Production Is Strangling Market Growth New Data Suggests. Undersupply.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. This past May, the Commission launched the license application for Marijuana Delivery Operators.
Ganjapreneur report… Sixteen months after legalization, just nine of California’s 627 retail cannabis dispensaries are actively using a seed-to-sale tracking system – along with only 93 of more than 1,000 manufacturers and 254 of the nearly 4,000 licensed cultivators, according to an Associated Press review of state data.
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. ” View original article.
All seed-to-sale tracking systems must be able to interface with the State’s track and trace system, provide the DHSS with access to all stored data, and assure confidentiality of patient information and records. In Sarcoxie Nursery Cultivation Center LLC, et al. Randal Williams, et al. Randal Williams, et al.
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Since compiling this data– we took an updated look and found 43 new companies are now part of the software stack. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics. Activity (79).
In total, permits/endorsements will be accepted for up to five cultivation facilities, 15 dispensaries and four vertically integrated operators (including one cultivation endorsement, one manufacturing endorsement, and one dispensary endorsement). and cultivation and vertically integrated applications are due on August 22 at 3 p.m.
won Class 1 Production Licenses which allows for up to 100,000 square feet of cultivation space. were awarded a Class2 License which permits them to cultivate cannabis with 50,000 square feet of canopy. Ed Keating is a co-founder of Cannabiz Media and oversees the company’s data research and government relations efforts.
They are not issued with the same frequency – nor ferocity as cultivation and retail/dispensary licenses. In some jurisdictions, the cultivation and manufacturing activities may be combined into a single license like in Connecticut and New Mexico. View original article.
The new law legalizes cannabis possession up to one ounce, as well as cultivation of up to four personal plants per household, but requires that the grower tags their plants with their driver’s license/ID and a note saying that they are being grown for personal use. View original article.
In order to legally produce, possess, supply, cultivate, import or export cannabis products, there are various regulatory requirements that must be met, depending on whether the product contains a controlled drug or is classified as a CBPM. Cultivation of cannabis also requires a Home Office licence. Novel Foods Regulation.
Last summer, Cannabiz Media published its first Cannabis Software Stack Report where we juxtaposed state license counts against all the companies that connect to METRC and Leaf Data Services in WA. Since compiling this data, we published an update last November with 43 additional companies. Back Office. Activity (79). Advisory (81).
A new article by Joe Mozingo of the Los Angeles Times delves deeper into Barry Brand’s marijuana operation and how it ties into botched legislation and approvals by County Supervisors. The warrant included four parcels, with only one of the parcels having a license for the cultivation and processing of cannabis.
Industry insiders say the contraction was expected and is the inevitable result of speculation, increasing competition and market saturation in a state that has no license caps for cultivators, processors and dispensaries. Ed Keating, the chief data officer at Cannabiz Media, said the decline was not a surprise. View original article.
The hefty penalties have come as the nation’s top cannabis regulator, Health Canada, has so far chosen not to fine any marijuana producers despite serious regulatory violations such as illegal cultivation and sale. View original article. It would be interesting to see when they will start applying fines, and for what reason.”.
Newly released data show that Poland is home to over 9,261 patients legally accessing medical cannabis, making it one of the largest such populations in Europe. It therefore remains illegal to cultivate medical cannabis commercially in Poland and patients must rely on imports from Europe and North America. Read full article.
And: Please provide data and information on how products containing cannabis or cannabis-derived compounds (other than those marketed as drugs in compliance with the FD&C Act) are currently manufactured, including information about methods for ensuring product quality and consistency. April 20, 2019.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations and contribute every day to communities across the Commonwealth,” Collins said in a statement from the agency. . View original article.
You cannot read a cannabis industry newsletter these days without seeing articles that hype the future impact of New York, New Jersey, Virginia, and New Mexico adult use programs. The Rhode Island program has three dispensaries and 60 cultivators. View original article. Your submission has been received! Rhode Island.
Cannabis cultivation and processing are rapidly-growing industries, as hemp and both recreational and medical marijuana products are being legalized across the country. Where cannabis cultivation and processing operations may operate is also subject to local (i.e., Danielle M. Hazeltine , Patrick J. Larkin , Sheryl Sweeney.
This has created an unworkable dynamic for California’s legal cannabis mixed light and outdoor cultivators who are uniquely vulnerable to baseless claims of excessive water use. Cannabis cultivation, like almost all other agricultural activities, consumes water. The Scale of Cannabis Cultivation.
This article explores the profound impact of MMJ on Maryland communities, shedding light on the medical marijuana benefits experienced by patients and the positive effects it has had on the state’s communities. The cultivation, processing, and dispensing of MMJ products have created a web of economic opportunities.
Through this program, we aim to help our customers by providing them with access to capital, leading-edge technology and the industry expertise they need to consistently cultivate high-quality products. Integrated Metrc with Agrify Insights™ software platform, adding regulatory tracking and compliance functionality in several states.
This article delves into the multifaceted economic impact of the burgeoning medical marijuana industry in Michigan, exploring various facets such as business growth, financial contributions, employment opportunities, market trends, and the broader implications for local economies.
We spend most of our time working in the commercial cannabis industry in California – complaints about the complexity of licensing, tax reporting and regulatory compliance are constant. The implementation of the METRC compliance system in California became a running joke with single and double digit usage out of thousands of licensees. .
After three full years of hemp cultivation, Linda Noel was confident 2021 would be a success. The cultivation season is quickly approaching, and producers like Noel are left to decide whether to grow based only on the hope that regulations will be administered in time. SEE MORE: 2020 Hemp CultivationData By State.
A December 19, 2018 article in The New York Times noted a growing number of neighbors of cannabis farms are complaining about “skunky” odors caused by certain volatile organic compounds generated during growing and processing. At a minimum, these carbon units must be replaced every quarter.
While many of California’s cultivators practice organic- style farming, the federal government holds the trademark on the U.S. “Over the years, the media has repeatedly characterized cannabis cultivation as either energy-sucking indoor grows or backwoods farms that unleash rodenticides on wildlife.
Unlike Marijuana , which is cultivated to yield psychoactive THC, Industrial Hemp yields more than 25,000 oil and fibrous products embraced by farmers as a hedge against lower-value soy, cotton, and alfalfa crops. . A fast-growing, sustainable, and inexpensively produced plant, “Industrial Hemp” is a variety of Cannabis sativa L. Code §5940.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss the data and insights found in Cannabiz Media’s Cannabis Software Stack Report. Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault.
Ed Keating: This is the Cannacurio podcast by Cannabiz Media, your source for cannabis and hemp license news directly from the data vault. And that became the data business process puzzle we sat up out to solve. Early days for me was working for one of the largest compliance tax publishers in the country. Kevin Hart: Experience.
So far, the city has awarded 172 business licenses to qualified applicants, according to data from Oakland’s Cannabis Regulatory Commission. View original article. Oakland’s City Council approved the program in 2016, and it got fully underway in 2018. As we can see it play out, it only benefits the folks who own the real estate.”.
And we are so curious to learn more about their HR background, but as always, we’re going to jump in with Ed and see what he has for us today from the data vaults. Ed Keating: So we’re in the process of releasing our latest blog post on cultivation licenses, but we’re able to do similar to what we did with dispensaries.
Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. Don’t forget to subscribe to the Cannabiz Media newsletter and follow us on LinkedIn, Instagram, Twitter and Facebook to stay informed of future episodes and data releases.
Read full article. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Looking at the data from the Treasury Department’s Financial Crimes Enforcement Network (opens new window) , or FinCEN, as of the end of last year there were only 515 U.S. Here’s his full presentation.
Those numbers couldn’t be verified, and the national UFCW hasn’t responded to Marijuana Business Daily queries seeking specific cannabis-industry data. Jim Araby, director of strategic campaigns for UFCW Local 5 in Northern California, said compliance is inconsistent. “I Less so in the testing, manufacturing and cultivation sectors.”.
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. ” View original article.
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. ” View original article.
To achieve these purposes, the statute creates a strict legal framework that encompasses both medical and non-medical cannabis in Canada, and prescribes the scope of all permissible products and cannabis-related activities, as well as the offences and penalties for non-compliance. Self-Regulation. Regulatory Authorities. Key Challenges.
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