Cannabis Law Report

AUGUST 15, 2022

Q2 2022 Systemwide Pro Forma Revenue of $34.5 million, an increase of 6% from Q1 2022 Q2 2022 Adjusted EBITDA of $9.2 million, an increase of 2% from Q1 2022. Conference call to be held today, August 15, 2022 at 5:00 p.m. August 15, 2022 – 4Front Ventures Corp. Q2 2022 Highlights. PHOENIX, Ariz.,

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Illinois News Joint

DECEMBER 1, 2023

The new law allows for the uncoupling for “state tax deductions” for any cannabis establishment operating in this State and licensed under the Cannabis Regulation and Tax Act or any cannabis cultivation center or medical cannabis dispensing organization operating in this State and licensed under the Compassionate Use of Medical Cannabis Program Act.

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Cannabis Law Report

JANUARY 9, 2022

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 From February 2017 through August 2021, the local taxes collected totaled $86.1 The city of Denver, for example, applies an additional 5.5%

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SpeedWeed

AUGUST 26, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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Cannabis Law Report

SEPTEMBER 16, 2022

15 September 2022. University to study cannabis use and cultivation in the ACT. The researchers will also test for harmful contaminants that can be introduced during the cultivation process, including fungi-produced toxins, heavy metals, and pesticides. Free cannabis testing for ACT home-growers.

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Cannabis Law Report

MAY 16, 2022

MAY 16, 2022 BY DEANNA J. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. Currently, the cultivation tax rates are $10.08 On Friday, May 13, California Gov. per ounce of flower, $3.00

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Cannabis Law Report

JANUARY 14, 2022

With a new year, comes a new legislative session, which started on January 10, 2022 here in Washington state. In Washington, we have short sessions (60 days) in even-numbered years and longer sessions (105 days) in odd-numbered years, so in 2022 there will be a short session. HB 1667 -?

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Cannabis Law Report

DECEMBER 6, 2021

NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products, announced today 2022 revenue guidance of $35-45 Million. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. All those interested in attending are encouraged to register using the following link.

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Cannabis Law Report

APRIL 28, 2022

DEMECAN’s first cannabis shipment to the BfArM is ready for collection and includes more than 100 kg of cannabis flowers. With this, DEMECAN ensures a constant supply of high-quality medical cannabis from German cultivation and increases the independence from imports in the supply of medicinal products. DEMECAN is be able to do that.”.

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Cannabis Law Report

JULY 12, 2021

Meanwhile, a separate campaign to legalize medical cannabis in the state is also underway, with advocates actively collecting signatures to qualify that measure for the 2022 ballot. Home cultivation would be prohibited, however, and there would be no legal and licensed system of cannabis retailers.

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Cannabis Law Report

MAY 28, 2022

For the first quarter of 2022, the state saw about $294 million in cannabis revenue generated from the excise, cultivation and sales tax on marijuana. — California Economy & Taxes (@LAOEconTax) May 26, 2022. But figures over the past year and a half are “flat,” legislative analysts reported. Read the full story at. .

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Cannabis Law Report

MAY 18, 2022

On top of these excise taxes, which combined can approach 40%, there is a state cultivation tax currently imposed on cannabis flowers at a rate of $161.28/dry-weight dry-weight pound (and some local jurisdictions impose additional cultivation taxes).

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Cannabis Law Report

FEBRUARY 19, 2022

The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses. The AMCC anticipates that applicants may submit licenses to grow and/or manufacture medical cannabis on September 1, 2022.

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Cannabis Law Report

MARCH 24, 2022

23 March 2022. Authority over hemp processors and handlers, under the Industrial Hemp Research and Development Act, will shift to the new CRA as well, but MDARD will continue to oversee hemp cultivation. The practice of forcing workers to urinate in a collection jar is also viewed as a potentially invasive procedure.

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Cannabis Law Report

APRIL 14, 2022

Cannabis cultivation and processing are rapidly-growing industries, as hemp and both recreational and medical marijuana products are being legalized across the country. Where cannabis cultivation and processing operations may operate is also subject to local (i.e., Danielle M. Hazeltine , Patrick J. Larkin , Sheryl Sweeney.

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Cannabis Law Report

JULY 29, 2021

For consumers, the proposed law: Legalizes and regulates the cultivation, manufacture, testing and sale of marijuana and marijuana products to adults aged 21 and up. Our proposal fixes a broken system while ensuring local control, keeping marijuana out of the hands of children, and benefiting everyone,” said spokesman Tom Haren.

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Cannabis Law Report

JULY 29, 2022

million , to be made through $50,000 per-month payments over an expected period of 116 months, beginning in August 2022. million , to be made through $50,000 per-month payments over an expected period of 116 months, beginning in August 2022. million as at March 31, 2022 (the “Provision”). million –.

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Cannabis Law Report

MAY 11, 2022

Two workers at California cannabis cultivators filed a complaint alleging they were wrongly dismissed after they protested a ban on women working in grow rooms and employees not being permitted to get pregnant, among other issues, per Law360. It’s worth noting this from March 2022 via High Times. Cannabis Daily Report.

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Cannabis Law Report

MAY 13, 2022

Good afternoon, The Governor’s Office today released a revised 2022-23 state budget proposal, building on the state’s ongoing work to make historic investments in California’s future, including efforts to create a safe, sustainable, and equitable legal cannabis market. million to help expand access to legal retail throughout California.

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Cannabis Law Report

MARCH 30, 2022

The Hawthorne Collective to advance an additional US$25 million to RIV Capital concurrently with transaction, deepening relationship and adding to RIV Capital’s balance sheet. TORONTO — March 30, 2022 — RIV Capital, Inc. Mr. Sims said. “By Transaction Terms.

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Cannabis Law Report

JANUARY 13, 2022

” Newsom’s budget projects that the state will collect $787 million in cannabis revenue during the 2022-23 tax year. Cannabis activity, including cultivation, distribution and retail, remains outlawed in much of the state, as cities and counties have been reluctant to authorize such activities.

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Cannabis Law Report

AUGUST 16, 2022

16, 2022 (GLOBE NEWSWIRE) — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S., This marks Metrc’s 23 rd government contract to date and sixth so far in 2022. The State plans to begin accepting licensing applications for businesses on September 1, 2022. “We LAKELAND, Fla.,

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Seed-To-Sale Supply Chain Data Patients 52

SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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Collective Decriminalization Dispensary Patients 75

Illinois News Joint

FEBRUARY 7, 2023

The Disparity and Availability Study’s purpose is to collect and analyze data and will report on whether discrimination exists in the Illinois cannabis industry. On February 14, 2022, the State published a formal request for proposals (RFP) to find a vendor to conduct a Disparity Study of the cannabis licensing system.

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Cannabis Law Report

MARCH 11, 2022

Because of a glut of marijuana on the market, the county’s tax revenue from cannabis cultivation is projected to be only $12.4 During the 2020-21 fiscal year ending last June, the county collected $15.7 million in taxes from cannabis cultivation. This fiscal year runs from July 1, 2021, to June 30, 2022.)

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Cannabis Law Report

JANUARY 8, 2022

PHOENIX (January 6, 2022) – A memo introducing new legislation to establish a recycling program for cannabis containers in New York from assemblywoman Patricia Fahy stated that the legal cannabis industry in the United States produces about 150 million tons of waste each year. and two cultivation facilities.

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Veriheal

SEPTEMBER 9, 2021

Collectively, the four aforementioned newly legal states are projected to earn $4.5 The market’s projected start date is May 2022. Medical cannabis cultivators who currently operate in the State of Connecticut could apply for a recreational license as early as this summer. They are as follows: Cultivation facilities: 450.

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Cannabis Law Report

JULY 20, 2021

and certain of its affiliates (collectively, “Nature’s Remedy”), a vertically integrated single state operator in Massachusetts. cultivation and production facility in Lakeville, MA with approximately 19,500 sq. Nature’s Remedy’s full year 2022 EBITDA.3. billion in annual revenue by 2022. with 7 million residents.

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Cannabis Law Report

JANUARY 11, 2022

Flora’s cultivation and extraction division, Cosechemos, completed construction of a 10,500 ft 2 state-of-the-art post-harvest and extraction facility with annual capacity of 15,000 L of distillate. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. Further, Cosechemos has initiated the process to become EU-GMP certified.

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SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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Cannabis Law Report

JUNE 10, 2021

The two-year PEIR process would cover all potential uses including retail, distribution, testing, manufacturing, indoor and outdoor cultivation, and microbusinesses. As required by the state Environmental Quality Act (CEQA), the board voted to require a program environmental impact report (PEIR). both in San Diego.

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Cannabis Law Report

SEPTEMBER 23, 2022

That is three times the amount the state collected in 2018. “In September 21, 2022. In fiscal year 2021 , the Alaska Department of Revenue collected $30 million in marijuana taxes, three-times the amount collected in 2018. “In The state charges a $50 per ounce excise tax on marijuana sales from warehouses to retailer.

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Veriheal

JANUARY 25, 2022

Thanks to the 2018 Farm Bill, industrial hemp cultivation and processing is federally legal, though a few states have chosen to ban or not regulate the crop and its derivatives. billion mark by 2022, up from an estimated $500 million in 2018. According to U.S. However, two days later, the legislator adjourned its regular session.

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Cannabis Law Report

JULY 22, 2022

July 21, 2022 08:00 ET | Source: Metrc LLC. July 21, 2022 (GLOBE NEWSWIRE) — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S., July 21, 2022 (GLOBE NEWSWIRE) — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S., LAKELAND, Fla.,

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Cannabis Law Report

MARCH 17, 2022

LAKELAND, Fla. , March 17, 2022 /PRNewswire/ — Metrc , the most trusted and experienced provider of cannabis regulatory systems in the U.S., Metrc will implement its robust track-and-trace platform to help facilitate the Minnesota Medical Cannabis Program’s data collection and regulatory oversight.

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Cannabis Law Report

DECEMBER 14, 2021

Flora CEO Luis Merchan to provide an update on Flora’s 2021 operational performance, provide commentary on the 2022 revenue guidance of US$35-45 Million, and hold a brief question-and-answer session. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp.

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