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MJ Biz report… A cannabis cultivation company in Nevada was fined $565,000 for allegedly failing to tag its plants for the state-mandated seed-to-sale tracking system and operating with expired licenses, among other violations. The compliance board said in the recent complaint, filed Oct. Source: [link].
In Congress this week Senator Cory Booker (D-NJ), along with Representatives Barbara Lee (D-CA) and Ro Khanna (D-CA), introduced The Marijuana Justice Act of 2019, to remove marijuana from the Controlled Substances Act and incentivize states to end the racially disparate criminalization of marijuana consumers. Your Highness, Carly.
New Jersey lawmakers have come to an agreement with Governor Murphy regarding retail marijuana tax rates, settling on charging sales tax by weight as opposed to a specific percentage. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.
Regulate Like Alcohol : The Regulate Marijuana Like Alcohol Act of 2019 — (HR 420) seeks to deschedule cannabis from the Controlled Substances Act, thus permitting state governments to regulate these activities as they see fit. Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Earl Blumenauer (D-OR).
Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Activists in Nebraska, along with two pro-legalization Senators, qualified a 2020 medical cannabis ballot initiative petition to begin collecting signatures from registered voters in the state. Your Highness, Carly. Actions to Take. AL resident?
Senate Bill 149 , a nonpartisan bill introduced on March 7, proposes new reporting requirements for such marijuana business violations as sales to underage minors, contaminated product recalls and black market activity. Westword reports. BILL SUMMARY. Improve Marijuana Industry Regulation. 2022 Regular Session.
1 deadline to train managers and employees under a new compliance and safety program that is the first of its kind in the nation. The state’s Responsible Vendor Training Program is designed to support licensee compliance and enhance the safety of customers and employees. Seed-to-sale tracking compliance.
in particular, regulators are beginning to crack down on what has been the wild west of marijuana sales for the past two decades since the legalization of medical cannabis in California back in 1996. Since the start of 2019, hundreds of businesses across the country have been fined by newly created state regulators. In the U.S
However, Washington does not allow for the sale of ingestible hemp products (other than hemp seed ingredients) and SB 5372 does not change that. The FDA has long maintained that hemp extract (setting aside hemp seed products) is not an approved food ingredient. What is a hemp processor?
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
A smaller but growing number of states also regulate the sale of products derived from hemp. The hemp program began in May 2018 when Senate Bill 108 was signed into law, which opened up hemp processing in the summer of 2019. Like in any other state with regulated hemp, there are fees, compliance rules, and penalties for non-compliance.
“Our focus on quality and traceability are the hallmarks of Panacea’s seed to sale strategy. “Our focus on quality and traceability are the hallmarks of Panacea’s seed to sale strategy. (OTCQB:EXDI) acquired Panacea Life Sciences, Inc. , but the amount of the transaction was not disclosed.
March 13, 2019 5 min read. Following the rules requires navigating a complex and ever-changing labyrinth of cannabis regulations, a daunting task even for the most seasoned compliance officers. For example, one of the easiest compliance mistakes a dispensary employee can make is improperly storing cannabis. Improper training.
“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. This change aligns with language in HB 2612. Legislative Changes Effective After August 29. for 100% disabled veterans.
If you recall, on March 1, the agency filed temporary hemp rules , which brought the ODA’s testing rules for hemp and hemp products intended for human consumption in compliance with those used in the testing of marijuana. Hemp production is incredibly hot right now in Oregon. Clarify and update recordkeeping and reporting.
Often these questions concern regulatory and compliance questions, as (most) companies are keen to mitigate risk and avoid running afoul of state and federal regulators. The passage of the 2018 Farm Bill has seen hemp production increase from roughly 25,000 acres in 2017 to 80,000 acres in 2018 to hundreds of thousands of acres in 2019.
Here’s what you need to know about medical marijuana in Oklahoma for the rest of 2019 and beyond. Here’s what you need to know about medical marijuana in Oklahoma for the rest of 2019 and beyond. The Changes to Medical Marijuana in Oklahoma in 2019 and 2020. This is down from the standard $100 fee.
A smaller but growing number of states also regulate the sale of products derived from hemp. SB 6 was passed before the 2018 Farm Bill, in compliance with the 2014 Farm Bill. On May 31, 2019, DNR issued proposed industrial hemp rules. Each Sunday we will summarize a new state in alphabetical order. Last week was Alabama.
A smaller but growing number of states also regulate the sale of products derived from hemp. On May 13, 2019, Iowa Governor Kim Reynolds signed into law Senate File 599 , aka the Iowa Hemp Act (the “Act”). 2) Hemp seed that is capable of germination.” 2) Hemp seed that is capable of germination.”
A smaller but growing number of states also regulate the sale of products derived from hemp. Maine began authorizing the commercial sale of industrial hemp and Hemp-CBD products in 2015. The 2018 Farm Bill gives the US Department of Agriculture (“USDA”) regulatory authority over hemp cultivation at the federal level. 459 and S.P.
Since the market became operational in 2019, the Oklahoma medical cannabis industry has seen substantial growt h on all fronts. The amount of money raised from the SQ 788 excise tax, as well as the amount of revenue generated through state and local sales tax on cannabis purchases, have also seen substantial growth.
In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. If you wish to re-publish this story please do so with following accreditation.
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. Keating believes the contraction will continue as the state begins to roll out a seed-to-salecompliance program in April. The entire U.S.
Just before midnight on October 17, 2019, the Senate’s Justice Committee issued what would purportedly be the draft of the new Law for Cannabis Regulation ( Ley de Regulacion del Cannabis ) to be submitted to general vote this week before the October 23 deadline. MEXICO CANNABIS UPDATE. General Purpose. Legalized Uses and Available Licenses.
Colorado’s MED has just banned the sale of Delta 8 in rec retail. First up we posed a number of questions on Delta 8 to. Dr Stuart Titus the CEO at Medical Marijuana Inc. Dr. Stuart Titus, Ph.D. Dr. Stuart Titus, Ph.D. , by becoming its seventh investor. Titus’ is also a Wall Street veteran, where he was a bond trader for 11 years.
That brings us to a story that almost perfectly encapsulates the turmoil of 2019, as well as the high price people will pay for the perception of authenticity. Says it all really. Beard Brothers write… Also here’s the original herpes post. Next came an out-of-the-blue announcement at the beginning of December that Lowell Herb Co.
But more than three years since the first legal sale here, just 6 percent of the licenses issued for the cannabis industry have gone to social equity (SE) program participants or economic empowerment (EE) priority applicants, the committee said. Sonia Chang-Diaz, co-chair of the Joint Committee on Cannabis Policy, said.
On Friday March 22, 2019, I attended the State of the Cannabis Industry event along with other members of the Green Light team. OLCC will be enforcing non-compliance with changes in ownership structure that are not pre-approved. Here’s Brads’ report which can be found at source at. The wait time on renewals is shortening.
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.
For those of you in the dark about Florida’s Medical Marijuana Program, I will be lighting up the dim corners of Florida: The Nation’s Fastest-Growing Medical Marijuana Market , according to The Miami New Times on May 2, 2019. Lighting Up Florida’s Medical Marijuana PEOPLE: The Front Lines.
Because hemp-derived CBD is only legal for sale as a topical in the state, it’d bring about a lifeline for Massachusetts’ struggling hemp industry. That number more than tripled in 2019, when nearly 70 people received cultivation licenses, telegram.com reports. That amendment passed in December and was expected to take effect March 11.
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.” If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman.
If you wish to re-publish this story please do so with following accreditation. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S. PUBLISHER: CANNABIS LAW REPORT. The recent Tax Court decision in Northern California Small Business Assistants Inc. 280E to cannabis dispensaries. 280E to cannabis dispensaries. 263A and approved the use of IRC Sec.
Among other requirements, to be eligible for the pilot program, a hemp producer must have at least one year of history producing the crop and have a contract for the sale of the insured hemp. Producers may apply now, and the deadline to sign up for both programs is March 16, 2020. “We We are pleased to offer these coverages to hemp producers.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss speak with Lews Koski, Chief Operating Officer of Metrc , a leading seed-to-sale track-and-trace technology company for the cannabis and hemp industries. Press the Play button below to watch and listen to the podcast. ?
Across the country, retail stores and medical dispensaries are seeing large revenues, despite the even larger burden of regulations and the persistent federal prohibition of the practice. One of the first states to legalize recreational marijuana was Colorado, followed by Washington and Oregon. 1] [link] ; [link]. [2] How do I start a dispensary?
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].
Arkansas dispensaries began serving qualified patients in 2019. The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry. Hunter Robinson. Whitt Steineker. Slates Veazey. Existing Cannabis Regimes. Cannabis is not new to the South.
The Commission continues to actively monitor the licensee’s compliance with the conditions of the Order including the licensee’s Standard Operating Procedures relative to product recalls and notification to the public. Mycotoxins are contaminants that licensees are required to screen for to uphold public health, safety, and welfare.
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. Is This Similar to the Vitamin E Acetate Crisis in 2019?
It’s about sticking the seed to the soil in an enclosed space; providing the proper lighting system, watering, ventilation, and nutrients; monitoring growth; and harvesting. In legal states, fans of marijuana have turned to cultivate their own green plant for their personal use. Know the State’s Licensing Structure.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
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