article thumbnail

The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.

article thumbnail

While Legislative Hurdles Remain, We Take a Look at North Carolina’s Medical Marijuana Bill

Cannabis Law Report

SB 711 recognizes that “modern medical research has found that cannabis and cannabinoid compounds are effective at alleviating pain, nausea, and other symptoms associated with several debilitating medical conditions.”. SB 711 would make medical marijuana available to “qualified patients” with a physician’s written certification.

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

The Status of Cannabis Legalization in the South

Cannabis Law Report

Although there is no excise tax on medical cannabis, there is a medical cannabis special privilege tax of 4% of the gross receipts or gross proceeds derived from the sale of usable cannabis to be collected by cultivation facilities, dispensaries, or other cannabis businesses and remitted to the Department of Finance and Administration.

article thumbnail

Cannabis laws in Uruguay

The Cannigma

The government has established a regulated market for the production, sale, and consumption of cannabis. The specific list of qualifying medical conditions for medical cannabis is not explicitly defined in the legislation. The plant has been used for traditional and medicinal purposes for centuries. Is weed legal in Uruguay?

Law 52
article thumbnail

Cannabis Co. Juva Life Secures $11.8M in Financing For Operations Expansion, Clinical Research

Cannabis Law Report

Additionally, Juva plans to use the funds to further its clinical research development programs on novel compounds Juva-019 and Juva-041, targeting the treatment of inflammation. “I I am extremely pleased to close this round of debt financing, especially given the recent distressed capital markets and economic conditions.

article thumbnail

Qualifying for a medical cannabis card in Illinois

Canna Care Docs

To qualify for a Medical Cannabis Registry Card , you must be a resident of Illinois diagnosed with one or more of the state’s qualifying conditions (listed below). What are the qualifying conditions for medical cannabis in Illinois? Illinois residents have enjoyed access to recreational marijuana for several years now. Minor patients.

article thumbnail

Is weed legal in Turkey?

The Cannigma

They can only use the fibers, seeds, and stems. Selim Aytaç, the director of Ondokuz Mayis University’s leading cannabis research center, says that researchers on his team have been improving and breeding seeds since 2013 to cultivate a product with fine fibers for industrial use and decrease the amount of drug material, with great success.