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While we can’t cover everything in this blog post, below are vie key due diligence items you must understand to help protect yourself and your investment. State and local law and compliance This is the number one priority. Laws and compliance obligations for cannabis businesses can vary widely by state, county, and city.
As the Michigan cannabis industry continues to grow and mature, medical and adult-use licensees would be well served to take proactive steps to ensure compliance with Environmental, Health and Safety (EHS) regulations. We look to forward to diving into this topic in our next blog post in this series. Co-Authored with Jerry Hincka.
Cannabis Business Licensing & Compliance 6. Compliance with security requirements (facilities, protocols). High compliance costs: Security measures, GMP standards, and detailed reporting. What security and compliance requirements do cannabis businesses need to meet? The specific license type.
SB 5318 forces the Washington State Liquor and Cannabis Board (“LCB”) to make some major institutional changes, requiring the LCB to work with licensees on compliance matters and limiting the LCB’s ability to issue violations. I wrote about this bill back in April when it was awaiting Governor Jay Inslee’s signature.
percent THC as long as the production was in compliance with all legal requirements. EU subsidies are available for crops that do not exceed 0.2 percent tetrahydrocannabinol (THC), which is the psychotropic substance in cannabis. Italy does not require an authorisation for cultivation and does not penalise growers if their crops exceeds 0.2
Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies. Proactive compliance is your best defense against costly litigation and enforcement.
develop compliance programs to (i) ensure that their marketing efforts align with federal guidelines and (ii) ensure that their compliance team is familiar with the FDA and the FTC’s regulations to successfully implement these guidelines.
That can trigger licensing obligations, background checks, or other compliance requirements. Some states, such as New Jersey, may also require that the deal reflect fair market value, adding another layer of compliance. To avoid triggering true party of interest status, many licensors opt for flat fees or capped variable fees instead.
As you already know if you follow our blog, the Food and Drug Administration (“FDA”) has taken the position that CBD-infused foods and dietary supplements cannot be lawfully sold or marketed in the United States. This was music to my ears!
Cons: Double taxation (corporate income is taxed, and dividends to shareholders are taxed again); tends to be the highest tax option overall Higher compliance costs and formalities Bottom Line: Best suited for cannabis businesses that plan to scale quickly, raise significant capital, or eventually go public.
Now that SB-153 is the law, hemp businesses across the state will need to adjust how they operate to ensure compliance with the law. Stay tuned to the Canna Law Blog for more California hemp cultivation updates.
We are looking for a passionate writer to blog about important legal, political, and regulatory issues in the California cannabis industry. Demonstrated experience in cannabis law, policy, or compliance required. Must complete 1 blog per week 500-700 words written in 1.5 – 2 hours targeting cannabis business owners.
Regulators may require licensees to provide operating agreements as part of compliance. Without an operating agreement, cannabis LLCs can face serious issues: Banks and financial institutions may refuse to open accounts without basic governance documents. In some states operating agreements are required by law.
In an old blog post tracing the evolution of regulated Oregon cannabis, I explained that in 2019 people started to use ODA licenses as cover for diversion . I dont think Oregon can fix it The OLCC news release offers a sunny subtitle: Agency sets path forward for better compliance.
The latest news on compliance state by state appeared first on MSNL Blog. Fortunately, pro-cannabis advocates will continue to fight the good fight on ending probationary legislation that takes freedom out of legalization. . The post Will THC limits happen?
We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. This means limited access to institutional lending, ongoing compliance reporting and audits, and short leashes overall.
Meanwhile law firm Troutman Pepper have a more regulatory view of things in their latest blog post. POSTED IN ADVERTISING AND MARKETING , CANNABIS , COMPLIANCE , FDA , FEDERAL ENFORCEMENT , OTHER STATE REGULATORS , REGULATORY LITIGATION , STATE ATTORNEYS GENERAL , TOBACCO. By Stephen C.
This means that out-of-state growers, processors, manufactures and distributors wishing to sell their Hemp CBD products in Oregon must also ensure compliance with Oregon’s total THC testing standards before their product cross state lines. For more updates on Oregon’s Hemp CBD laws, stay tuned to the Canna Law Blog. California.
Senate Bill 5318 went into effect last year and requires that the LCB move over from an enforcement-based approach to marijuana regulation to a compliance-based approach. It’s reassuring to see the LCB implementing a policy that favors compliance over enforcement. Stay tuned next week for part two in the series!
If it is as good as their daily articles / blogs this will make a great (most likely) one of a kind read for those of you not only interested in what’s happeniong in Oregon in the psychedelics space, but around the country too.
As you know if you have been following our blog for a while, the Oregon Department of Agriculture (“ODA”) updated its testing rules to align with those adopted by OHA. Second, by prohibiting the exportation and importation of hemp and hemp products containing more than the 0.3
In today’s blog, we are joined by Matthew Anderson, Founder/CEO Vanguard Scientific Systems, a world-leading provider of end-to-end solutions for integrated botanical extraction equipment and services. Compliance, regulation, and consistency will be a hallmark of our Responsibility as productive members of this cannabinoid Society.
Compliance with the Single Convention on Narcotic Drugs Switzerland also remains bound by the Single Convention on Narcotic Drugs (1961) , which strictly regulates cannabis for medical, scientific, and industrial purposes only.
We have been sounding the bell for at least a few years on this blog on that issue in the specific context of CBD. The State Compliance Boondoggle. Still, in state cannabis licensing, compliance is king and there is no good excuse for breaking basic rules. Don’t make these claims.
Since sending out our previous email blast on this issue, it appears that OLCC’s link to the draft tax compliance rule no longer leads to the rule. Last week we published a blog post on OLCC’s anticipated ma […] You can read the draft rule originally obtained from the OLCC link at this new link.
Published at JD Supra Heather Sager, Jason Stavely Perkins Coie This blog series addresses common employment-related issues for cannabis industry professionals. This first post addresses timekeeping considerations for manufacturers and retailers of cannabis products to ensure compliance with applicable state and federal law.
On the legal front, thanks to disparate state laws surrounding cannabis legalization, AI can ensure companies comply with legal limits for THC content and mitigate the risk of costly fines and legal issues for those not in compliance. Cannabis consumers can have different experiences using the same plant material or strain.
We’ve been writing a lot on this blog about the regulation and sale of cannabidiol (“CBD”) products at the state and federal levels. The United States is not the only international actor, however, that is concerned with regulating the sale of CBD products, including CBD-infused foods.
It means that hemp farmers are going to face a bevy of regulations and compliance issues and protocol on the state, tribal, and federal levels in a way they haven’t had to before even under 2014 Farm Bill pilot programs. The effect of the USDA regulations on hemp-CBD and hemp-derived products.
Though the rise in the popularity of cannabis-infused products has bolstered the market, the proliferation of products and concern over the use of certain products has prompted the need to revise industry compliance. Setting the Standard for Compliance. For a complete version of the rules, see here.
The proposed rules require that “all production activities are done on premises that are in compliance with state and local laws, including but not limited to zoning, occupancy, licensing, fire safety, food safety, worker protection and building codes.”
The Cannabis and Hemp Advisory practice will provide counsel and support to existing businesses, start-ups, and ancillary service providers within the cannabis industry, especially in the areas of: tax planning; compliance with section 280E of the U.S. Home » Blogs » Will Banks get a Hit of the Cannabis Industry? CONTINUE READING.
Because it’s been a while since we ran through program basics , we thought it might be helpful to summarize them here on the blog. Those who sell industrial hemp items to consumers will no longer be required to test the item for potency before sale so long as the hemp ingredient used in the product has a compliance test at or below 0.3
reported in our blog here ) that even though New Jersey’s Compassionate Use Medical Marijuana Act (the Act) did not “require … an employer to accommodate the medical use of marijuana in any workplace,” it also did not “immunize an employer’s obligation already imposed elsewhere” — such as in discrimination statutes.
Remember that dispensaries are there to support your health and well-being, and mutual respect and compliance with regulations are key to fostering a safe and supportive MMJ community.
Helene Moore (EAMC board member and Director General of Aurora France), has said the current challenges faced by the medicinal cannabis industry include standard compliance, regulatory fragmentation and lack of sufficient public funded research on medicinal cannabis.
The decriminalisation of cannabis possession offences is needed to mitigate disproportionate drugs policing and the ‘hyper criminalisation’ of ethic minorities, according to leading policy researchers.
It’s essential to be aware of the specific laws in your state to remain in compliance. Legal Requirements for Medical Marijuana: Compliance and Obligations Understanding the legal requirements for medical marijuana is crucial for patients and providers.
The Commission believes this “narrow timeframe” is an “unnecessary obstacle for compliance.” Attorney Rod Kight provides a copy of this recent letter on his blog, Kight on Cannabis. The interim hemp rules require that hemp be tested 15-days prior to harvest.
Steps for hemp farmers to take now to best prepare for compliance with the interim rules once they’re finalized. State and federal licensing. Immediate legal impacts on hemp farmers. Ambiguities in the regulations and areas of concern. The effect of the USDA regulations on hemp-CBD and hemp-derived products.
While we have written on these agency policies individually, we thought it would be helpful to recap these opinions under one blog post. Postal Service (“USPS”), and the Transportation Security Administration (“TSA”). FOOD & DRUG ADMINISTRATION.
As we’ve discussed on the blog previously , the SAFE Banking Act would allow financial institutions to serve state-legal marijuana businesses without fear of federal repercussions. Things are looking better and better for expanded cannabis banking prospects. Here’s hoping Congress heeds the call, and soon.
on a dry weight basis and that is grown or possessed by a licensed grower in compliance with this chapter” and “ includes agricultural commodities and products derived from hemp and topical or ingestible consumer products, including food, food additives and food products derived from hemp.” 459 in March 27, 2019. Arizona.
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