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Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry

Cannabis Law Report

Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain. Allow eligible equity retailers to keep a percentage of the excise tax they collect. Thank you, Nicole Elliott.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market. Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022.

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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

million in total program tax revenue, according to the California Department of Tax and Fee Administration (CDTFA). Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 The largest legal cannabis market in the world just had the best quarter on record.

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Takeaways From The 2022 Industrial Hemp Summit

Cannabis Law Report

Domestic Hemp Production Program at the U.S. North Carolina is one of the few states and Indian tribes to transition into a USDA-controlled hemp production program , with that transition taking effect on January 1, 2022. USDA’s Commitment to Hemp. William “Bill” Richmond, Chief of the U.S. hemp production market.

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Flora Growth Engages Brigitte Baptiste As Strategic Advisor And Enters Into Cooperative Agreement With EAN University

Cannabis Law Report

Brigitte, along with academics and researchers from EAN University, will assist in the Company’s research and development of sustainable and bioprospection initiatives across Flora’s global premium brand portfolio and will oversee and develop the new cannabis and hemp research programs at EAN University. About Flora Growth Corp.

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Kelley Drye & Warren: CBD and Hemp Legal and Regulatory Roundup – August 2021

Cannabis Law Report

This randomized controlled trial will collect data on 13 U.S. FCA, however, says the informational memo, from FCA Director of Regulatory Policy Kevin Kramp, is merely meant to provide guidance to institutions thinking about lending to hemp operations. Agri Pulse.

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Flora Growth Engages Brigitte Baptiste As Strategic Advisor And Enters Into Cooperative Agreement With EAN University

Cannabis Law Report

Brigitte, along with academics and researchers from EAN University, will assist in the Company’s research and development of sustainable and bioprospection initiatives across Flora’s global premium brand portfolio and will oversee and develop the new cannabis and hemp research programs at EAN University. About Flora Growth Corp.