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Amendment 2, which became effective on December 6, 2018, legalizes marijuana for medical purposes, allows home growing, and imposes a 4% marijuana sales tax. First, Missouri implemented a seed-to-sale system which added many unnecessary layers between growing the plant and selling product to patients. million votes.
Without compliance boxes checked, the operation will not be able to launch. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Hiring and partnering with the right people will enable you to reach your goals. One commonality among all states is cost.
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
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. Individual products available for sale to consumers or patients must meet the state’s packaging and labeling requirements. . Track and Trace for Medical and Adult Use.
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.
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. Your submission has been received!
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics.
And this is particularly concerning for the legal cannabis market that’s expanding to $12 billion in sales this year, with projections to reach $30 billion in four years. But there is a general lack of understanding for the new industry and limited data on performance that could be contributing factors.
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. Ed Keating, the chief data officer at Cannabiz Media, said the decline was not a surprise. To say there is retail saturation is an understatement.”. The entire U.S.
19 August 2019. Authors – Carolyn E. Pepper and Jess Parry. Recently, three British MPs went to Canada on a fact-finding cross-party trip to consider the effects of a more relaxed regulatory environment in respect of cannabis. What substances are at issue? Cannabinoids are the chemical substances found in cannabis.
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.
We also speak with Colton Griffin, CEO of Flourish Software , a seed-to-sale software solution for the cannabis and hemp industries. Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. Press the Play button below to listen to the podcast.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss speak with Lews Koski, Chief Operating Officer of Metrc , a leading seed-to-sale track-and-trace technology company for the cannabis and hemp industries. Press the Play button below to watch and listen to the podcast. ?
CBD products that are intended or can reasonably be foreseen to be ingested by humans, e.g. hemp tea, hemp seed oil, CBD chewing gums or CBD beverages, are generally subject to the Federal Nutrition and Utility Products Act. cosmetics) or tobacco products (incl. tobacco substitutes), or to a catch-all group of non-categorised products.
Because hemp-derived CBD is only legal for sale as a topical in the state, it’d bring about a lifeline for Massachusetts’ struggling hemp industry. The amendment allows licensed hemp producers and processors to sell their products to medical and adult-use cannabis dispensaries in the state. A Struggling Industry.
Ed Keating: This is the Cannacurio podcast by Cannabiz Media, your source for cannabis and hemp license news 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. Press the Play button below to listen to the podcast. ?
The Beyond Compliant name comes from the language of Prop 64, which requires cannabis farmers to be “on the pathway to compliance” in abiding by the state’s new environmental regulations governing marijuana cultivation.” If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman.
This article will discuss the U.S. While a detailed analysis of the statute is beyond the scope of this article, some discussion is necessary to take into account both inbound and outbound tax planning aspects. Additionally, the growing experience of U.S. cannabis entrepreneurs along with the desire for investment on the part of U.S.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. Press the Play button below to watch and listen to the podcast. ? Welcome, Tony.
If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. If youd like to see data, the Oregon Criminal Justice Commission program published a recent report here. Most likely, you wont see it mentioned at all. Most of it will be scaffolding and maintenance. Makes sense!
Ed Keating: This is a Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license news, right from the data vault. Ed Keating: This is a Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license news, right from the data vault. Press the Play button below to listen to the podcast. ?
The companies are advertising it as a legal way to get high, touting medical benefits and generally making big promises about what they can deliver, but an investigation from the US Cannabis Council has found illegal levels of delta-9 THC in products for sale around the country. But it can’t really be as bad as it sounds, can it?
of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state.
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