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This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. Federal law still classes marijuana as a Schedule 1 substance whose possession and sale are a felony. The Wild West of Unregulated Cannabis Retailers. We are losing our H Street vibe.”.
28 meeting, Oregon’s Liquor and Cannabis Commission approved new rules that officials say will help streamline oversight of the industry, decrease violations, expand choices for consumers and help prevent children from accessing hemp products containing THC, according to a news release from the agency.
Ontario cannabis lottery winners are desperately working to land partnerships with retailers and licensed producers, according to BNN Bloomberg. Now, the aspiring entrepreneurs are fighting a new battle – figuring out which insanely lucrative offer to take. At some point these price tags just got silly”. Massive Bids.
According to Kelowna Capital News , the average price of illegal cannabis is 17% higher roughly three months after legalization. Kelowna Capital News explains how legalization has affected cannabis pricing: “The average price of a gram of pot has grown 17 per cent since legalization, according to Statistics Canada.
Through this new entity, SOL Global shareholders will benefit from opportunities in new high growth sectors. Managing small cap and cannabis investments from the long side during third quarter was like playing tag in a mine field,” said Andy DeFrancesco, SOL Global’s Chairman and CEO. of the partially diluted shares outstanding.
Audio and a transcript of the first part of this licensing workshop are now posted below, covering the State’s retail licensing requirements. 54.46">David Kaufman [00:00:54] So I’m going to go first, I’m handling retail. And the retail side of that, in order to do sales you have to be a retailer.
State law mandates hemp THC levels be under 0.3%, but the new proposal suggests imprisonment for levels above 1%. Kansas Proposes Harsh Penalties For Hemp THC Levels In Kansas, a proposed amendment could significantly impact hemp farmers by introducing severe penalties for THC content exceeding 1%. Critics argue this. Read More
Florida’s legal cannabis spending is projected to grow at a 12% CAGR from 2023 to 2028, with total sales expected to reach $4.5 With the potential legalization of adult-use marijuana under Amendment 3, Florida’s cannabis market is set for a significant transformation. billion by 2028, positioning Florida as the second-largest.
If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. Repeals the prohibition on a marijuana retailer locating within 1,000 feet of a building where a public prekindergarten or kindergarten program is provided. Most likely, you wont see it mentioned at all.
In a much more highly publicized case, Kushy Punch and some of its owners were tagged with a $128 million fine in late 2022 for alleged illicit market sales. These taxes were not collected from cultivators and retailers as one would expect, but instead from middle-men distributors, making collection and reporting a huge mess.
Weedmaps fought hard to keep the unlicensed retailers on their site for as long as they could, now we know why. Weedmaps, or now known as WM Technology on Wall Street, had a horrendous stretch of bad news and dismal financial reporting over the past few weeks.
The exploding legal cannabis market operates under regulations that protect them from law enforcement, but also complicate farmers’ traditional methods of doing things: more waste is produced in complying with seed-to-sale tracking, which includes tagging every single plant with a plastic card detailing its crop and batch information.
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