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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.
After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. The debtor-landlord proposed a plan of reorganization that would pay off its debts, which included some of the rent received from the cannabis business. Trustee objected to plan confirmation, arguing that under 11 U.S.C.A.
Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities.
(CSE: MXT) (OTCQB: MXTTF) aims to address these problems by pairing biometric interviews with brainwave data to create a proprietary mental health reference database. By combining mHealth data from wearables with its reference database, the company hopes to provide actionable health insights to consumers. billion in 2020 to $7.6
” Technical Assistance Programs are designed to allow state agencies to collaborate with individuals and businesses subject to that agency’s regulations without issuing civil penalties. ” In addition, the LCB must “expand existing programs for compliance education for licensed marijuana businesses and their employees.”
To that end, as CEO, I am more confident than ever in our strategy, fundamentals, asset base, and current growth ramp of our business as we look ahead to 2022.”. Business Updates and Developments. ET to review its operational and financial results and provide an update on current business trends. million in Q1 2021. 587,218,794.
There are currently five “pharmaceutical processor” permit holders in Virginia, and they’re about to open for business. The 2017 expansion of Virginia’s medical marijuana law got rid of qualifying conditions. So, we set about these two objectives, one being to add additional conditions.
All currency references used in this press release are in U.S. References in this news release to the Company and its operations and assets are inclusive of the operations and assets of certain licensed cannabis operators that operate under the Ionic Brands brand pursuant to contractual arrangements with the Company.
The TGA on a number of occasions raised concerns with the individual that they could not make reference to the substance Cannabidiol (CBD) in the advertising of CBD Oil or other medicinal cannabis products. Any claims or references to treating a serious form of a disease, condition, ailment or defect are restricted representations.
The condition, known as “long COVID” — with patients often referred to as “COVID long haulers” — is typified by a series of symptoms that linger long after someone has recovered from COVID-19, even months after they no longer test positive for the novel coronavirus. What are the symptoms of long COVID?
This rapid price compression puts tremendous pressure on many marijuana businesses as they face greater competition with ever-slimming margins. However, the doors to the bankruptcy courts are currently closed to marijuana businesses because marijuana is still illegal at the federal level. In contrast, the average price fell to $109.22
The Contractor must be authorized to do business in Illinois as an Illinois bank or a national bank with a presence in Illinois. Proposals that contain false or misleading statements or that provide references that do not support an attribute or condition claimed by the Respondent may also be rejected. June 4, 2025.
HB2430 was referred to the Rules Committee February 15, 2023, and assigned to the Executive Committee February 28, 2023. Provides that cannabis delivery organizations may obtain cannabis products from any cannabis business organization licensed in the State. HB2522 , sponsored by Rep. Contains other provisions.”
According to the North Bay Business Journal (NBBJ) , a recent survey revealed that 37% of American cannabis operators are not profitable—a finding that contradicts the widespread belief that the industry is a jackpot for business owners. But many are quickly realizing that this blossoming sector still has some major issues to address.
What Qualifying Conditions Actually Mean Florida’s qualifying conditions list is more flexible than many patients realize. That’s exactly why you need a cannabis doctor in Miami who makes it his business to stay on top of all this legal stuff – so you don’t have to.
Australia’s drugs regulator issues 73 infringement notices over claims prescriptions could treat conditions such as cancer and epilepsy. It is also alleged that the unlawful advertising included unapproved references to the treatment of serious diseases or conditions, including in some cases cancer and epilepsy.
In the midst of this uncertainty, we have been stressing to our clients the importance of insurance coverage for your business (see Anatomy of a Cannabis Insurance Policy Part 1: The Basics )– especially insurance that covers your liability for your marijuana- and hemp-derived products. Marketing defects.
–(BUSINESS WIRE)– Lattice Biologics Ltd. ( 2021 Business Update: “Businessconditions have been exceptionally trying this year, and Lattice Biologics is no exception. . 2021 Business Update: “Businessconditions have been exceptionally trying this year, and Lattice Biologics is no exception.
The Marijuana Hospitality Business License Application is available on the Division’s website and can be found on the Division’s Applications and Forms page. Beginning on January 1, 2020, any hospitality business that has not applied for a state license shall cease operation until it obtains a state license and any required local license.
Our big news this week is that the American Bar Association asked the Small Business Administration to make marijuana-related companies eligible for relief funds. It also broadens the number of conditions eligible for medical cannabis prescriptions. There’s plenty of state news also. aba/sba correspondence. new jersey.
For larger deals with a pronounced diligence process, the process is usually spelled out in a letter of intent (you can read about those here ) or in the main purchase agreement as a condition to closing. For this post, I’m looking at diligence in the context of a business purchase, for ease of reference.)
Several “cannabis craft grow” bills that would amend the Cannabis Regulation and Tax Act were re-referred to the Illinois House and Senate Rules Committees March 10. Removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower. The other bill is HB0030, also sponsored by Ford.
TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“ SOL Global ” or the “ Company “) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to provide its investors with unaudited financials for the second quarter ended May 31, 2021, and other highlights for the interim period.
Medical Marijuana Laws USA: A Nationwide Overview Medical marijuana, often referred to as MMJ, is legal in a growing number of states across the United States. Understanding MMJ regulations on a state-by-state basis is essential for both patients seeking access to MMJ and the businesses and professionals operating within this industry.
While entrepreneurs and investors rush to set up cannabis businesses throughout the Garden State, how will New Jersey regulate the environmental impacts of the industry? In order to operate a cannabis business in New Jersey, businesses need to obtain one of the coveted licenses through the competitive licensing process.
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.
Please refer to Sugarbud’s most recent annual information form and management’s discussion and analysis for additional risk factors relating to Sugarbud, which can be accessed under Sugarbud’s profile on www.sedar.com.
Operated by the University of Mississippi, the farm is part of what researchers refer to as the “Mississippi Monopoly.”. A study by the American Medical Association found that 13% of workers experience a loss in productive time due to common pain conditions over a 2-week period. For more details, see: U.S. More Cannabis.
Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. The compliance solution suite available to cannabis businesses in New Mexico includes: Simplifya Standard Operating Procedures (SOPs). Here’s their press release on their NM launch.
Although the data is believed to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.
In recent years, products containing cannabidiol otherwise referred to as CBD, have become increasingly popular as a natural remedy for a variety of common ailments. . One of the most popular uses for CBD products is to relieve aches and pains caused by aging, injuries, or medical conditions. Pain Relief. Promoting a Healthy Heart.
Subsequently, he borrowed money from third parties on the condition that he allowed his rented property to be used as a cannabis grow house. The court stated that the judge’s remark that the appellant was “simply in the business of dealing drugs for profit” would have been phrased in a different way.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters referred to above and elsewhere in High Tide’s public filings and material change reports, which are and will be available on SEDAR.
High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses including e-commerce platforms Grasscity.com, Smokecartel.com, CBDcity.com, FABCBD.com and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz.
Continued execution of M7’s integrated B2B and B2C business model drives ongoing enhancement of California’s cannabis supply chain. The Company expects gross profit as a percentage of revenue to fluctuate going forward as the Company continues to implement its business model and further refine its product mix.
a Toronto Stock Exchange listed consumer finance company, where he co-led the transformation of the business from a hard goods retailer to a leading non-bank financial services organization. On June 27, 2019, Acreage implemented an arrangement under section 288 of the Business Corporations ?Act Pursuant to the Amended Arrangement, ?
In 2020, the state again expanded the MMJ program by allowing doctors to recommend cannabis for any condition they deemed fit rather than just for the 14 conditions that were previously allowed. 2020 also saw state legislation that prevented financial institutions from being penalized for housing the funds of cannabis businesses.
The Company’s business involves the manufacturing of major and minor cannabinoid derivatives and producing cannabis extracts for use in finished products, including topical creams, vape pens and other infused consumables. Outstanding partners like Hempsana ensure our mission is successful.”
” Profits refers to what an infringer makes. Damages refers to what a patent owner lost by the infringement. The licensor’s established policy and marketing program to maintain his patent monopoly by not licensing others to use the invention or by granting licenses under special conditions designed to preserve that monopoly.
Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. RYAH Medtech Inc. Contacts: Sofiya Kleshchuk. Client Relations. +1 1 917 210 0543.
TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“ SOL Global ” or the “ Company ”) (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) is pleased to announce that it will continue purchasing shares under its previously announced normal course issuer bid (“ NCIB ”), which commenced on March 31, 2021. Corporate Update on Core Holdings.
Businesses looking to enter Australia’s medicinal cannabis market must understand how these jurisdictions overlap. Australian state and territory laws determine whether personal use, possession, and local business activities are permitted. These laws differ across Australia, leading to variations in enforcement and penalties.
NEW YORK–(BUSINESS WIRE)– Columbia Care Inc. Statements concerning Columbia Care’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of Columbia Care are forward-looking statements.
The “sacred” plant, as many of our ancestors referred to it, has traditionally been used as a first line of therapy in various parts of the world. The brain produces endogenous cannabinoids, referred to as endocannabinoids. For most cultures, the use of cannabis as a medicine can be traced back to thousands of years ago. THC and CBD.
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