Remove Collective Remove Compliance Remove Retail Remove Safety
article thumbnail

Cannabis Compliance Companies Join Forces To Further Safe Practices Within Industry

Cannabis Law Report

.–(BUSINESS WIRE)–Cannabis compliance consulting firms Allay Consulting , iComply Cannabis , GMP Collective and TraceTrust today announced the formation of the Cannabis Compliance Alliance , a collaborative group created to put the cannabis industry on the same footing as mainstream business sectors. About iComply.

article thumbnail

California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

HempFusion CBD, In exclusive partnership with Verdant Nature LLC Achieves Major Regulatory Milestone, Ready to Drive Significant Revenue Growth at Retail

Cannabis Law Report

The Company expects this to drive significant incremental revenue growth at retail. Today, HempFusion and its family of brands are one of the select few CBD companies that stand fully prepared to meet or exceed US & global compliance standards. HempFusion’s co-founder and Chief Executive Officer.

Retail 52
article thumbnail

CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

article thumbnail

Alert: Concerns Re Pesticide Testing Requirements & Legacy Stock

Cannabis Law Report

Concerns that some products sold to retailers violate our longstanding pesticide limits. The intent was to have this safety improvement implemented without delay. In considering a reasonable timeline for transition, while maintaining the importance of consumer safety improvement, the LCB provided six months for the transition.

Safety 52
article thumbnail

Update: Massachusetts Marijuana Establishments Surpass $2 Billion in Gross Sales

Cannabis Law Report

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

Marijuana 100
article thumbnail

Oneida Indian Nation to Launch Cannabis Operation

Cannabis Law Report

Retail locations, which will be announced at a later date and located exclusively on Nation lands, are projected to open in late 2023. These include comparable age restrictions and limitations on purchase amounts, employee licensure requirements, and assurances of product safety and quality.