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In January 2014, Colorado implemented a commercial cannabis market for pleasure – the first jurisdiction globally to implement a regulated, adult-use cannabis supply chain from seed-to-sale. It is a substantial contribution to an emerging policy issue with a plethora of new knowledge displayed throughout.
Last Thursday, in one of the few (to our knowledge) contested cases heard by the OLCC concerning cannabis, the OLCC accepted unanimously the findings of a state Administrative Law Judge (ALJ) and denied an application for a recreational marijuana producer license. You can read the press release here. Is that the average time? Much faster?
While Virginia became the first southern state to legalize both medical and recreational use marijuana earlier this year, North Carolina’s bill only focuses on medical marijuana and it is narrowly tailored. As you may imagine, the licensing documentation, processes, and requirements during and after licensing are quite detailed.
The Minority Cannabis Business Association (MCBA) recently released the first National Cannabis Equity Report , a 39-page document that explores the social equity programs within the 36 states that have legalized medicinal or recreational cannabis. It’s not a new problem, nor a problem limited to cannabis. The four pillars of equity.
At the same time, Ontario-based medical and recreational licensed producer, CannTrust, was caught with five grow rooms that had been operating for months before they were licensed in April. As of July 15 th , the company lost its license to produce the drug. How Does This Happen? How Does This Happen? .
That becomes especially true when comparing medical and recreational licensing. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Without compliance boxes checked, the operation will not be able to launch. One commonality among all states is cost.
This “zero recall” standard, the team said, was attributed to the fact that their cannabis product standards with regard to food safety and health was high and involved documentation of over 100 pages. . Authored By: Arundati Dandapani. Moreover, quality remains the top criterion in selecting a cannabis product for purchase.
Grown Rogue’s products are currently only available in approximately 10% of dispensaries in Michigan and the Company is actively expanding the sales team as production capacity increases to establish more market share. Golden Harvests is currently operating eight individual flower rooms with weekly harvests. About Grown Rogue.
1981-623) that had allowed deductions incurred in carrying on the production, distribution, and sale of controlled substances. The production or sale of marijuana is still illegal under U.S. In 1982, Congress enacted Sec. 280E, which reversed a Tax Court decision ( Edmondson , T.C. 173 (2007)). 280E, still apply.
While they are still not offering cannabis prescriptions or recreationalsales, and could not do so legally, this is still one of the most cannabis-friendly moves from a large pharmacy chain. They can also sell dried and fresh cannabis, seeds, plants and oils to medical patients with the proper documentation.
We are excited to be teaming up with Grown Rogue, renowned cultivators who have already sold their cannabis products to over 100 dispensaries throughout Michigan, a state where cannabis sales reached a record $171 million in July of this year, up 56% from a year ago,” said Ben Nikolaevsky, CEO of Pure Extracts.
According to ABS-CBN News , Colombian officials estimate that the country’s medical marijuana sales could be worth $6 billion – emphasis on “could.”. If Colombia is successful in legalizing recreational cannabis, this would only add its potential revenue. A Major Cash Crop. . Countries like Canada and the U.S. Tortuous” Process. .
Many states levy a marijuana excise tax in addition to the regular state sales tax. Adult-use retail sales: Purchases are not subject to any statewide cannabis tax, although some municipalities do charge a cannabis excise tax. There is no statewide retail sales tax in Alaska. Local municipalities may impose a local sales tax.
He oversaw sales growth from $117MM to $132MM and profit expansion from $21MM to $24MM. Tom brings over 40 years of horticultural expertise to Grown Rogue, where he is implementing his processes to create standardization across Grown Rogue’s 200,000 sq. of cultivation infrastructure. Tom Fortner’s experience goes back over 40 years.
In its quest to create an effective framework, Mexico looked at Canada for guidance and pondered key issues like government vs. private control of distribution, production, and sales. Second, recreational use for individuals, shared use and sales – the core of marijuana legalization – will be allowed. Fair Regulation”. .
We have combined an expert management team, award winning grow team, state of the art indoor and outdoor manufacturing facilities, and consumer insight-based product categorization, to create innovative products thoughtfully curated from “seed to experience.” For more information about Grown Rogue please visit www.grownrogue.com.
If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT. Clearing the Air- Florida Condensed Cannabis . CANNABIS PRIMER. Glossary of Marijuana Terminologyvia CannaInsider.com. Americans for Safe Access.org. STATE OF FLORIDA.
California’s recreational marijuana system is in trouble. NBC News explains: “Though some retailers complain about lax enforcement against rogue shops, high retail taxes and the continued ban of marijuana sales in many cities, sellers generally praised the campaign.”. Get#WeedWise Campaign. .
They were also caught attempting to withhold key documentation, which consequently impeded Health Canada’s audit. But the final straw came when, according to a September 6 th article in BNN Bloomberg , senior staff brought in black market cannabis seeds. Health Canada officially suspended CannTrust’s license, according to Bloomberg.
The bill, scheduled to take effect on January 1, 2019, allows California farmers to enter the rapidly-growing hemp industry on a wide scale, raising industrial hemp to produce hemp seed, oil, fiber, and extract for a variety of uses. These are some of the iconic images that immediately come to mind when people think of California.
The Company is rebranding its retail arm to ‘Cannabist’, offering a unique, higher experience for the modern recreational and medicinal cannabis user. I am humbled and honored to accept the American Trade Association for Cannabis and Hemp (ATACH) annual ’Captain of Industry’ award.
Vertical integration allows a company to control all factors of production, from seed to sale in terms of the cannabis trade. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT. Florida’s marijuana future is showing promise.
A lack of federal regulation allowed for largely unregulated sales of intoxicating, artificially derived cannabinoids online and even to minors. In response, Oregon’s marijuana regulatory agency, the OLCC, promulgated administrative rules to ban the sale of most artificially-derived cannabinoids in Oregon. [2].
(“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, reports record pro-forma revenue of $2.75M, helping to drive the sixth consecutive quarter of positive adjusted pro-forma EBITDA 1,3 of $0.5M for the three months ended April 30, 2021.
Ben Natter and Jessica Sblendorio partnered with Mexican colleagues, Mauricio Chozas and Lorena Pinto , from Cuesta Campos to comment on global developments for the registration of cannabis and cannabis-related trademarks in the United States, Canada, Mexico, and the European Union. United States.
Our 24% revenue growth vs market headwinds on the west coast (Oregon sales down 7%) validates the strength in our products and our team” said Obie Strickler, CEO of Grown Rogue. Michigan operations (through Golden Harvests, LLC) report industry leading gross margin of 72% and aEBITDA 1 margin of 52%, before fair value adjustments.
Q3 2021 Sales Revenue of $3.03M versus $1.37M in Q2 2021, an increase of 121%. Product sale gross margins (before fair value adjustments) of 40% vs 36% in Q2 2021. Product sale gross margins (before fair value adjustments) of 40% vs 36% in Q2 2021. Positive Net Income of $0.24M for the first time in company history.
My personal year in cannabis began on New Year’s Day, when I waited in line along with countless other Californians to buy some cannabis on the first day of legal adult-use sales. RELATED STORY. The Top 10 Cannabis Stories of 2018. Or that Big Tobacco just invested $2.4 billion dollars in the weed business ( f**k!). RELATED STORY.
Listen & Subscribe: By now, we’ve all heard of the concept of using cannabis to treat ailments like cancer, ALS, Parkinson’s, seizures, HIV, AIDS, Crohn’s, and terminal illnesses, but fortunately, those aren’t necessarily what physicians are most commonly confronted with. Melanie Bone, a physician in Florida practicing cannabis-based medicine.
Welcome to the first of two blog posts on frequently asked questions on cannabis in Mexico. Because we are one of the American law firms with an office in Mexico that handles Mexico cannabis legal matters, we get a steady stream of questions regarding the current state of Mexico’s cannabis regime, and what to expect in the future.
The companies are advertising it as a legal way to get high, touting medical benefits and generally making big promises about what they can deliver, but an investigation from the US Cannabis Council has found illegal levels of delta-9 THC in products for sale around the country. But it can’t really be as bad as it sounds, can it?
Importantly, the Court left the injunction in place preventing the enforcement of the smokable hemp ban on retail sales! You can find her contact details at the link above. Greetings Friends: Welcome to my first installment industry news, “industry” meaning Cannabis, divided into marijuana and cannabinoids, and Psychedelics. INDUSTRY NEWS.
In this week’s edition: Oregon Legislative Assembly passes bill allowing interstate transfers of cannabis, subject to certain limitations, in the event of a federal policy change. Nevada law and California bill propose regulations relating to industrial hemp products, including CBD. Alabama Governor Kay Ivey (R) signed S.B.
They write… As the global COVID-19 pandemic drags on around the world, the damaging effects to mental health are becoming more and more apparent. With a 25% increase in suicide rates in young adults and over 50% of all adults reporting some type of mental health issue (depression, anxiety, stress, etc.), Source: [link].
Arizona regulators will stop issuing physical medical cannabis patient cards as of December 1 and will instead issue documents via email, that can be presented on a mobile phone or printed out. In this week’s edition: Federal e-cigarette ban on flavored products may be in the offing. States prepare hemp plans for submission to the USDA.
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