Canna Law Blog

SEPTEMBER 21, 2022

The struggles of failing marijuana businesses to wind down and pay creditors in an orderly fashion serve no one. Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. This post discusses a Michigan-based medical marijuana company that filed for Chapter 7 bankruptcy and the federal court case affirming the dismissal of the marijuana company’s bankruptcy petition.

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Project CBD

SEPTEMBER 21, 2022

Get to Know a Neurotransmitter: Dopamine is the mother of learning – and the thrill of learning.

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CannaMD

SEPTEMBER 21, 2022

Florida is a premier destination for retirees, outdoor enthusiasts, and Disney aficionados. Along with its many allures come tourists, snowbirds, and travelers alike. Though the state can certainly be welcoming to non-residents, exactly how friendly is Florida when it comes to visiting a medical marijuana dispensary? Can anyone enter a Florida dispensary, even without a […].

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Cannabis Life Network

SEPTEMBER 21, 2022

What role will cannabis play in the USA 2022 midterm elections? America’s burgeoning yet constricted cannabis industry hopes to see some change in Washington before the midterms reshape the political landscape. America’s cannabis industry hopes to see the SAFE Banking Act passed. This legislation would provide cannabis companies access to financial services. “Really what it comes down to is how important is cannabis for the Democrats to pass,” says Nawan Butt, Portfolio M

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Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it.

Cannabis

Leafly

SEPTEMBER 21, 2022

This November, Colorado will vote on a contentious measure to decriminalize psychedelics and legalize medical psilocybin and other entheogens. The post Does Colorado’s psychedelics legalization measure deserve the criticism it’s drawing? appeared first on Leafly.

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Leafly

SEPTEMBER 21, 2022

Patients and caregivers have been ready for the green light to grow since October 2021. The wait is almost over! It only took nine months, but medical cannabis patients in New York state can soon grow their own weed, the NY Office of Cannabis Management announced on Tuesday, Sept. 20. The state’s Cannabis Control Board […]. The post NY Finally Approves Medical Homegrow appeared first on Leafly.

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The Cannigma

SEPTEMBER 21, 2022

Trap gummies is a generic term for any edibles (not just gummies) made outside of legal cannabis manufacturing processes. Typically, trap gummies come from unknown origins, and verifying their ingredients or true potency is next to impossible. What’s the issue with trap gummies? While cannabis is safe to consume , issues can come into play when you’re unable to verify how strong your cannabis is.

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Veriheal

SEPTEMBER 21, 2022

Gilbert Anthony Milam Jr., American rap artist and founder/CEO of the cannabis brands Cookies and VIBES Papers , is celebrating the launch of his new Cookies store in Thailand. Gilbert, whose stage name is Berner, described the Southeast Asian nation’s first cannabis store opening as “a huge step into the global market.”. Berner, who has released more than 40 albums and has made his mark on Billboard’s “Top R&B/Hip-Hop Albums” chart, took to his Instagram account to express

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Cannabis Law Report

SEPTEMBER 21, 2022

On June 26, 2018, the Oklahoma government opened the doors for medical marijuana. Now people of Oklahoma can treat their medical conditions with the help of marijuana. This decision will help medically challenged people and benefit the state economically. Due to economic impact, the current market is flooded with marijuana stores in Oklahoma. . As Oklahoma is a little bit behind in the legalization of medical marijuana compared to the other states of the U.S., California allowed medical marijuan

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Veriheal

SEPTEMBER 21, 2022

It’s been two months since synthetic cannabinoids were outlawed in Oregon , where legal cannabis sales totaled almost $1.2 billion in 2021. The rule change took place on July 1, making Oregon the first-ever U.S. state to outlaw sales of synthetic cannabis products. Included in the list of forbidden products are lab-grown cannabinoids. It’s bad news for producers and retailers who jumped on the delta-8 THC bandwagon since this psychoactive substance is included in the list of banned s

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Cannabis Law Report

SEPTEMBER 21, 2022

Matt Burns. Tue, 20 September 2022 at 4:00 pm · 2-min read. Selling weed is easy. Selling legal weed is not easy. Dispensaries have to comply with an ever-changing list of regulations and consumer expectations. For example, online menus must match local inventory, and dispensaries must find a system that allows cashless transactions for those customers with credit cards.

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Cannabis Law Report

SEPTEMBER 21, 2022

According to Euromonitor International, legal cannabis generated USD38 billion globally in 2021 and is anticipated to reach USD90 billion by 2026. The US dominates the global cannabis market, generating 81% total value share in 2021. At the same time, European countries account for 8% share of worldwide value following Canada with 9%. Poland is responsible for 8% value share of European countries, which is less than 1% globally.

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Cannabis Law Report

SEPTEMBER 21, 2022

Remains #1 Canadian LP in High Margin Global Medical Cannabis Revenues; International Medical Cannabis Net Revenue Increased 35.4% from Q4 2021 and 70.3% from Fiscal 2021. Reiterates Adjusted EBITDA Profitability Run Rate by December 31, 2022. Reaffirms $150 to $170 Million in Annualized Cost Savings by December 31, 2022. Strengthens Balance Sheet Through Accretive Debt Reduction Totaling $155.3 Million in Q4 2022.

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Cannabis Law Report

SEPTEMBER 21, 2022

One of those word of warning reports for licesnse applicants from NJ. The Hudson Reporter writes. Story Dispensary’s cannabis application has become a never-ending story. The controversial Hoboken cannabis applicant faced the same outcome again before the Planning Board. After a marathon six hour meeting on Story Dispensary’s seemingly never ending quest to get the Hoboken Planning Board’s approval, the session ended the same way it has over the past three months: getting carried due to

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Cannabis Law Report

SEPTEMBER 21, 2022

The Hemp Gazette reports. Idaho State Department of Agriculture’s plan to ban animal health supplements containing hemp and CBD have some pet owners and businesses claiming it’s a very ruff deal. While widely available in the state for some years, the Department intends to stop the sale of such products beginning November 1, 2022. Apparently, the ISDA believes the products are considered adulterated at state and federal levels.

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Cannabis Law Report

SEPTEMBER 21, 2022

The ABC Austtralia reports. The Mayor of the Barkly region has been arrested over drug charges. Northern Territory Police say they stopped a car in Tennant Creek just after 10am yesterday and a 42-year-old driver allegedly returned a positive roadside test result for cannabis. Police then searched a nearby home and allegedly seized “a number of cannabis plants and material” Jeffrey McLaughlin has been charged with drug driving, cultivating, possession and supply offences.

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Cannabis Law Report

SEPTEMBER 21, 2022

How Novus Integrated Cannabis In Employer-Sponsored Health Plans. Benefiting From Legislation, Technology, High Taxation Which Drives Consumer Demand. MIAMI, FL – Lexis – September 20, 2022, – Novus Acquisition and Development, Corp. (OTC Markets: ( NDEV ), through its wholly-owned subsidiary WCIG Insurance Services, Inc. Operates as a hybrid health insurance carrier and, the nation’s first health carrier offering cannabis that is included in health plans for recreational and medicinal users.

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Cannabis Law Report

SEPTEMBER 21, 2022

Not really a legal issue but interesting all the same as you’d have thought that. A) NORCAL towns would be faily laissez faire about cannabis names by now. and. B) didn’t anybody raise this in the licensing process and those town planners obviously need a consultant to help them understand their own licensing process! We’d also like to add that here at CLR , from the outside, it always appeard that Berner does his best to be a fairly good corporate citizen compared to many othe

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