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Illicit marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.” The post Colorado: Compliance Check Data Confirms That Retailers Aren’t Selling Marijuana to Minors appeared first on NORML. “Regulation works.
Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.
Fyllo are getting busy. The post US Compliance Company Fyllo Acquires Marketing & Loyalty Tools Outfit Data Owl first appeared on Cannabis Law Report. It’s looking as though they are ramping up for changes in US Federal legislation throughout 2021-2022… Read More.
The Illinois Department of Agriculture (IDOA) and Division of Cannabis Regulation today issued a compliance alert for cannabis transporters in Illinois. The GPS tracking system shall also be able to store historic data (for no less than 12months) and shall permit the Department to search all real-time and archived data upon request.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with new online portals for cannabis businesses. The second announcement (see previous article for first announcement ) focused on the implementation of a paperless registration system for cannabis businesses. See Extension Announcement.
Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. Company’s Proven Compliance Solution Helps Cannabis Operators Stay Compliant as State Readies Adult-Use Market. They outline best practices and processes for the clients’ entire organization.
consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets. Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. As perhaps one of the most talked-about topics for U.S.
billion in the United States in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm. To succeed, you need more than a solid business plan and ace team (though those are crucial, too). Legal weed generated $10.4
Code 280E, will impose burdensome compliance requirements for cannabis businesses while significantly increasing retail costs for consumers via the 25% federal tax rate. Federal Taxation: The proposed federal tax schedule, while eliminating the high tax burden ofS.
Prohibition Holdings Ltd (parent company of Prohibition Partners) today announces its 100% acquisition of Business of Cannabis to form the industry’s new leader in media and data as well as the largest B2B audience in cannabis. About Business of Cannabis.
While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. Despite this economic boon, marijuana businesses are still unable to utilize financial services and face issues regarding taxation that no other legal business faces.
Building the bridge between brands and the marketplace through testing and the importance of good data. If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand.
There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team. Real Estate.
The Cannabis Regulatory Agency (CRA) began publishing monthly disciplinary action reports related to fines and suspensions issued against Michigan’s marijuana businesses for violating agency rules. Marijuana businesses are required to submit annual financial reports, similar to audits, conducted by outside accounting companies.
Friends and family investors are (depending on the amount) generally fine trusting you with their money, because they know you and trust you and your business acumen. Many will want to visit your business site, especially if you have any type of physical operations (growing, manufacturing, and retail).
Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. Why Does Shield Compliance Subscribe to the Cannabiz Media License Database? It’s an important part of our license verification process and our licensed data set.”. What’s Next for Shield Compliance?
.–(BUSINESS WIRE)–Wolters Kluwer Health today announced it has signed and completed the acquisition of Invistics Corporation (Invistics), a U.S.-based based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance.
These new team members will be instrumental as we scale our business to tackle the compliance and marketing needs of companies in both the cannabis sector and other highly regulated industries.”. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.
The data tool can be found on the DCC website here: [link]. The interactive map shows 44 percent of cities and counties allow the licensing of at least one cannabis business type, while 56 percent of cities and counties prohibit the licensing of all cannabis business types. SACRAMENTO, Calif.–( Tweet this.
In addition to the array of legal and regulatory concerns about the sale of Hemp CBD products in the EU noted in our above-linked post, the EU’s General Data Protection Regulation (“GDPR”) is something that almost any U.S.-based based company doing business in the EU will need to become familiar with. based operator to GDPR compliance.
SOL Global Leads $30M Series B Round for Enterprise Technology Platform TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the… Read More.
According to data from the Missouri Department of Health and Senior Services, there are 192 licensed dispensaries in the state. According to data released by the Department of Health and Social Services, the steady increase in dispensary sales began accelerating in February of this year and has not slowed since.
Our California cannabis attorneys frequently assist clients with track-and-trace compliance and preparation. This effectively means that businesses have to stop doing business until access is restored—no matter what—and every day waiting could cost thousands of dollars in lost revenues.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform ® ), announced a new offering, Akerna Connect. The tools that Akerna Connect provides our dispensary are game changing.
Supreme Court has decided not to help resolve an ongoing legal battle between the Internal Revenue Service (IRS) and various cannabis businesses in Colorado. Understanding the Impact of Section 280E on Cannabis Businesses. Many business owners even choose to operate illegally as a way of saving money. cannabis sector.
The guidelines below detail some prime facets to consider in order to maintain high quality control standards in the cannabis research space: o Compliance with the Cannabis Act and the MRIA Code of Conduct including referencing the guidelines listed in the Pharmaceutical Research section.
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Today, databases, predictive analytics, artificial intelligence , and machine learning are having widespread effects on cannabis businesses, investors, regulators, and consumers. Met consumer demands.
He/ She is the point of contact for regulatory submission/ registration business partners. clinical data, and preparation of CTD/DMF/QOS/SmPC where required. clinical data, and preparation of CTD/DMF/QOS/SmPC where required. Perform internal departmental regulatory compliance audits to facilitate sustained conformance.
Report: Cannabis Users’ Sensitive Data Exposed in Data Breach. Led by internet privacy researchers Noam Rotem and Ran Locar, vpnMentor’s research team discovered a data breach in THSuite, a point-of-sale system in the cannabis industry. THSuite Company Profile. Timeline of Discovery and Owner Reaction. But rare are these times.
After months in damage control mode, the company is making huge steps – and sacrifices – to one day again be open for business. WeedAdvisor’s Compliance Solutions. . Out of all the errors producers, distributors or retailers can make, non-compliance is arguable one of the most egregious. Remediation Plan”. .
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.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review. Full cannabis supply chain data. About MJ Freeway.
Based on government agency data, when viewed collectively, Ionic Brands manufacturing partners’ amount to the fifth-largest wholesale operator in Washington by revenue for the period of 2020. This press release includes market and industry data that has been obtained from third party sources, including industry publications.
Alliance offers cannabis-related businesses and financial institutions a safer way to process transactions while creating new revenue opportunities. POSaBIT puts compliance at the center of everything it does. POSaBIT puts compliance at the center of everything it does. About POSaBIT.
Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. Closing Can Be Chaos.
Based on her data, Dr. Snyder finds that requiring “Total THC” concentrations not to exceed 0.3%, rather than just limiting ?9-THC, The USDA’s October 29, 2019 issuance of the Final Interim Rule (Rule) regarding hemp requires pre-harvest testing to take into account total tetrahydrocannabinol (THC) (Total THC) to determine compliance.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
–(BUSINESS WIRE)–Waitr Holdings Inc. dba Cova (“Cova”), a leading point of sale (“POS”), inventory and compliance software business serving cannabis dispensary retailers in North America. Cova is an award-winning dispensary POS, inventory management and compliance platform designed to streamline cannabis retail.
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. Licensing, Agents, and Equity.
Offer cannabis operators a seamless solution from startup to multi-state operator while maintaining regulatory compliance every step of the way through Akerna’s compliance gateway. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and was the first cannabis software company listed on Nasdaq.
Evergreen was caught off-guard during a surprise inspection, which led to a label of non-compliance in August. Based on the government’s findings as outlined by Marijuana Business Daily , Evergreen has a lot to fix. In an e-mail, Health Canada told Marijuana Business Daily : “Health Canada suspended Evergreen Medicinal Supply Inc.’s
–(BUSINESS WIRE)– PSI Labs , an Ann Arbor, Michigan-based ISO 17025 accredited Safety Compliance Facility that provides essential cannabis testing services, today announced its expansion into Southern California with the acquisition of pH Solutions, LLC. MONROVIA, Calif.–(BUSINESS CSO and Co-Founder of PSI Labs.
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