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CCB/DoT Release Annual Cannabis Taxable Sales Data. Together with the Nevada Cannabis Compliance Board (CCB), the Nevada Department of Taxation (DoT) released figures showing more than $1 billion in taxable sales reported by Nevada’s legal cannabis industry over a 12-month period.
Winter Edition 2019 – Cannabis. 2019 Legislative Session – Agency Proposed Legislation. Leaf Data Systems Update. On January 9, 2019 the Board approved a motion to make the effective date for all marijuana product, packaging and labeling requirements Jan 1, 2020. Here’s the Table of Contents.
Date discovered : December 24, 2019. Date owners contacted : December 26, 2019. Report: Cannabis Users’ Sensitive Data Exposed in Data Breach. Led by internet privacy researchers Noam Rotem and Ran Locar, vpnMentor’s research team discovered a data breach in THSuite, a point-of-sale system in the cannabis industry.
In this article, Dr. Snyder distills her analysis of hemp testing during the 2018 and 2019 growing seasons. Based on her data, Dr. Snyder finds that requiring “Total THC” concentrations not to exceed 0.3%, rather than just limiting ?9-THC, This data shows that 97.4% (370 out of 380) samples fell at or below the 0.3% limit for ?9-THC
That’s what the data shows from around the country.’. Building on a prior study that analyzed YRBS data from 1993-2017, this updated effort offers an expanded view on the subject by adding in results from 2018 and 2019 as well. A slide from the Washington State Liquor and Cannabis Board’s compliance program. WSLCB, 2021).
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.
The state licensing authority shall maintain a free searchable database on its website related to compliance check records and minor in possession of marijuana records and an online method for submitting an anonymous tip related to licensing violations. But it’s not the pass-fail rate that concerns state Senator Chris Hansen.
January 31, 2019. Portland, OR — Today the Oregon Liquor Control Commission provided the Oregon Legislative Assembly with the 2019 Recreational Marijuana Supply and Demand Legislative Report required by ORS 475B.548. 2019 Recreational Marijuana Supply and Demand Legislative Report. Here’s the statement in full.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. million for the full calendar year of 2019.
One of the things she does is collect and analyze data about cannabis products and how patients with different medical conditions respond to them. All of that data is packaged into software doctors can use to manage their patients’ medical marijuana treatment. “I I know how to collect data. I know how to analyze data.
On September 10, 2019, the Federal Trade Commission (FTC) sent warning letters to three companies that sold cannabidiol (CBD) products marketed with misleading claims that they could treat serious diseases. In 2019, the FDA issued four warning letters, and publicly disclosed the names of the companies in question.
As such, compliance with the TCPA was already difficult for even the most established industries and companies. In April 2019, Eaze initially agreed to a $1.75 In June 2019, a group of plaintiffs filed a class action suit against Baker Technologies and its parent company Tilt Holdings Inc., But Eaze is by no means alone.
The latter requires extensive vetting , including analyses of the underlying target condition and other related available treatments, conducting a cost benefit analysis from clinical data, as well as strategizing on how drug risks may be identified and mitigated. Other CBD companies, like CV Sciences Inc.
A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.
Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. It’s no secret that multiple state-by-state operators are building their cannabis empires through aggressive mergers and acquisitions (“M&A”).
The FDA is however finally allowing the public to weigh in, with the announcement of a Public Hearing to take place on May 31, 2019. What’s more, is that the Agency is allowing submission of public comment until July 2, 2019 and seems to earnestly want feedback from the hemp industry. April 20, 2019.
The entrants of these “whales” and “sharks” does not necessarily bring with it total despair and gloom, in fact, there are some considerable upsides to their entry including, increased financial liquidity in the market, augmented compliance standards and harmonized data and protocols. To register, please email info@cmtrex.com.
4, 2019 /PRNewswire/ — Fyllo , the world’s first MarTech platform for the cannabis industry, today announced it has raised $16 million in startup financing from a list of premier institutional and venture capital investors. CHICAGO , Sept. Conrad Lisco (chief marketing officer), former SVP Marketing, Amobee.
“OMMA(Oklahoma Medical Marijuana Authority) has reinstituted a project management structure to ensure compliance and timely implementation of the changes,” said Tom Bates, Interim Commissioner of Health. OMMA is currently evaluating implementation timelines for this data infrastructure. Legislative Changes Currently Effective.
Despite surging sales and patient numbers, Oklahoma ended 2020 with 181 fewer retail licenses than it did in 2019 – even after issuing 565 new permits throughout 2020, according to Cannabiz Media, a Connecticut-based cannabis license database and marketing platform. The entire U.S. The market can only sustain so many businesses.”.
During the first seven weeks of the law’s enactment (with data collected from July 1 to August 20), reports show that there were 20 arrests in Chesterfield, two in Henrico, zero in Hanover and three in Richmond for a total of 25 arrests. “We According to New Frontier Data , cannabis-related arrests have been decreasing steadily since 2017.
By David Stauss on March 7, 2019. David focuses on complex business and commercial litigation in state and federal courts involving data security and privacy, product liability and business disputes. For cannabis businesses, however, compliance efforts must be considered in light of other applicable privacy laws.
Treez’s consecutive GAAP revenue growth in fiscal 2018, 2019 and 2020 led to recognition in the Fast 100, the latest accolade recognizing Treez’s explosive growth in the cannabis retail commerce market. Last quarter, Treez ranked #812 in the 2021 Inc. 5000 list of Fastest-Growing Private Companies in America.
FoodBev reports October 24, 2019 that Kraft Heinz has made its first move into the cannabis sector, as its Evolv Ventures venture capital arm has co-led a $23 million funding round in cannabis technology startup Flowhub.
The shares of common stock and warrants of Akerna will begin trading on The Nasdaq Stock Market tomorrow, June 18, 2019, under the symbols “KERN” and “KERNW,” respectively. . Combination Creates Leading Nasdaq-Listed Compliance Technology Company in the Cannabis Space. Full press release below.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations and contribute every day to communities across the Commonwealth,” Collins said in a statement from the agency. . Sales for all of the 2019 calendar year amounted to $444.9
We thus provide comparison with the pre-pandemic period of H1 2019 as an additional data point. Core Business organic growth was 16% in H1 2021 vs. H1 2019, and close to 13% vs. H1 2019 corrected for the EUR 62m estimated missing revenues from the cyber-attack of 2 June 2019. for the three historic TIC leaders.
September 17, 2019. On September 10, 2019, the Federal Trade Commission (FTC) sent warning letters to three companies that sold cannabidiol (CBD) products marketed with misleading claims that they could treat serious diseases. In 2019, the FDA issued four warning letters, and publicly disclosed the names of the companies in question.
By August of 2019, this practically doubled, hitting 83,000. According to Marijuana Business Daily : “Through the first eight months of 2019, sales of [medicinal marijuana] in the state totaled nearly $150 million – already topping sales recorded for the entirety of 2018 – and are on pace to break $240 million by the end of the year.”.
In early February of 2019, we covered Bonify’s predicament on two separate occasions. He reassures the public that Bonify is currently in full compliance and continues to make product as they wait for their suspension to be lifted, which they hope will happen following an appeal. WeedAdvisor’s Focus on Compliance. .
The lowest rate (44%) was in a community where law enforcement had recently enforced underage alcohol laws using compliance checks (i.e., Limited, initial research suggests high rates of compliance with MLMU-21 laws. All data collection was completed prior to the COVID-19 pandemic. The success rate ranged from 44% to 97%.
The Beyond Compliant name comes from the language of Prop 64, which requires cannabis farmers to be “on the pathway to compliance” in abiding by the state’s new environmental regulations governing marijuana cultivation.” SUSTAINABILITY SITUATION IN 2019. Yet in 2019, Cannabis Companies Struggle To Become More Sustainable.
Federal Trade Secret Laws : If a cannabis company improperly acquires information, data, methods, or any other kind of secret from any other company, the cannabis company could be sued under the federal Defend Trade Secrets Act. Supreme Court), we can now add compliance with the Fair Labor Standards Act (“FLSA”) to this list.
Beyond Pesticides , October 8, 2019) As medicinal and recreational marijuana continue to be legalized in a growing number of states, concerns about the safety of the burgeoning industry—how the substance is grown, harvested, processed, distributed, sold, and used—have emerged. Here’s their blog post of 8 October. Letter to Congress.
Health Europa reports 6th November 2019 Following an extensive six-month consultation with key stakeholders since the release of a landmark report ‘ CBD in the UK ‘, the new trade association, ACI , aimed at leading CBD industry regulation, is being launched at a ground-breaking CBD Summit on Friday, 8 November.
Permission for Cann Global to use SUN’s licences has already been granted with the duo expected to commence cannabis production sometime in November 2019. The minimum licence period is 10 years with Cann Global responsible for cultivation and processing while SUN tasked with exporting finished produce on Cann Global’s behalf.
July 22, 2019. Examples of claims observed on your website and social media accounts in April 2019 that establish the intended use of your products as drugs include, but may not be limited to, the following: On your product webpage for CBD Disposable Vape Pen (Relieve): • “[F]or chronic pain.”. RETURN RECEIPT REQUESTED. Curaleaf, Inc.
All three industries are target markets from Dalrada’s original expansion plan that started in 2019. Healthcare – Biotechnology, data management, and personalized health are primary growth factors of the healthcare industry, Fundera’s research reveals. Workforce – Analyst data reveals that the employment rate at 4.6% (Oct.
ii Non-clinical studiesAlthough the use of animals in research is separately regulated by each state and territory, all require compliance with the Australian Code for the Care and Use of Animals for Scientific Purposes (Animal Code). The TGA does not evaluate any data relating to the trial.
We’re going to skip the data highlights today and dive right into our very special interview. And so Metrc was formed in 2018 into 2019, after they raised some capital through some capital partners, Tiger Global and Casa Verde. You gave a couple of examples of helping with recalls, compliance. Amanda Guerrero: Hey, Ed.
Seq (1970) and Drug Enforcement Administration’s (“DEA”) clutches, 2019 hemp production and sales exploded. Steve represents entities, governments and individuals in choosing a structure, preparing and submitting license application, regulation, compliance and litigation, and drafting legislation. Budgeted at $6.1
The Garden State’s Governor, Phil Murphy, signed the Jake Honig Compassionate Use Medical Marijuana Act (CUMMA) on July 2, 2019. History of compliance with regulations and policies governing government regulated marijuana programs. Ability to provide appropriate research data. Criterion 2. Criterion 5. Criterion 6. 20 pts .
So far, the city has awarded 172 business licenses to qualified applicants, according to data from Oakland’s Cannabis Regulatory Commission. Oakland’s City Council approved the program in 2016, and it got fully underway in 2018. company that has partnered with 21 of the 200 applicants in line for retail licenses.
January 11, 2019. An operator also must have a person who has not been exposed to the smell periodically monitor the air at the property line to determine compliance with the “no detectible odor at or beyond the property line” standard. Authored By: Michael A. Nesteroff .
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