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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. 2022 Regular Session. Westword reports. BILL SUMMARY. Improve Marijuana Industry Regulation.
LAS VEGAS, NV – Pursuant to Nevada Cannabis Compliance Regulations (NCCR) 4.105, today the Nevada Cannabis Compliance Board (CCB) called an emergency telephonic board meeting to consider the summary suspension of the medical and adult-use cultivation and production licenses held by NLVG, LLC (C155/RC155-P082/RP082).
In the last year alone, there has been a significant increase in the number of business licenses, increasing from just under 10,000 licenses in January of 2021 to 12,197 active business licenses as of January 6th, 2022. State and local sales tax has increased from just over $30 million dollars in 2019 to bringing in $83,265,745 last year.
The bill goes into effect on Jan 1, 2022, and there will be a lot of companion rulemaking that will come out of the OLCC (so don’t start doing these things just yet). Supporting plant diversity by allowing producers to receive cannabis seeds from any source within Oregon, up to 200 per month. – Kim.
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.,
The Oneida Indian Nation will oversee the entire business vertical from “seed to sale.”. Oneida Indian Nation Homelands (September 19, 2022) – The Oneida Indian Nation will start construction next month on a full-scale, 50,000-square-foot cannabis cultivation and production facility. Press Release.
March 11th, 2022 by Cecilia Oyediran. Applications for these priority licenses will open in the Summer of 2022. The first licenses are expected to be distributed by late summer or early fall 2022. Conditional Adult-Use Retail Dispensary Regulations. The proposal remains under discussion with the Legislature.
An additional 25,000 sq ft is expected to be operational by June of 2022 increasing annual yields to over 8,000lbs. Grown Rogue’s products are currently only available in approximately 10% of dispensaries in Michigan and the Company is actively expanding the sales team as production capacity increases to establish more market share.
Last year Oregon cannabis retail sales hit a record-breaking $1.1 Last year Oregon cannabis retail sales hit a record-breaking $1.1 Just in From The Oregon Retailers Of Cannabis Association. SALEM, OR – On June 29, 2021, Governor Brown signed into law SB408, which Oregon lawmakers passed earlier this month.
Happy 2022! In The Weeds welcomes the new year, as well as a number of new cannabis laws and policies taking effect around the country in 2022. 1, Montana permits retail marijuana sales for adults 21 and older. McGuireWoods LLP. Newsworthy Highlights. Below is a list of state law updates to look forward to this year.
Date8/2022. Practice area Compliance Medical Field/Healthcare Thailand. This was done by way of a Notification Re: Prescribing the List of Narcotics Under Category 5, released on 8 February 2022 (“Notification”). b) Extracted substance of cannabis or hemp seeds grown in Thailand.
As this blog post will explain, the new administrative rules will allow for some artificially derived cannabinoids in limited circumstances to be produced and transferred by OLCC licensees and sold at OLCC dispensaries. Delta-8 THC and other Artificially Derived Cannabinoids.
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].
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. The South is well positioned to be a leader in the cannabis industry, and in some ways, it should be expected. Existing Cannabis Regimes.
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. ?
Our 24% revenue growth vs market headwinds on the west coast (Oregon sales down 7%) validates the strength in our products and our team” said Obie Strickler, CEO of Grown Rogue. We are excited to enter 2022 where we expect to continue building our low-cost, high-quality flower business and launch some new products into our markets.”.
Q3 2021 Sales Revenue of $3.03M versus $1.37M in Q2 2021, an increase of 121%. We believe our costs per pound will continue to move lower with additional economies of scale and expect to continue the trend of cost improvements in fiscal Q4 and in fiscal 2022.”. Positive Net Income of $0.24M for the first time in company history.
Draft Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Concerning the Regulation of the Circulation of Cannabis Plants for Medical, Industrial Purposes, Scientific and Scientific-Technical Activities” February 17, 2022. At first glance this may look like an odd priority in the middle of a war. Forbes write.
We also speak with Colton Griffin, CEO of Flourish Software , a seed-to-sale software solution for the cannabis and hemp industries. Press the Play button below to listen to the podcast. ? Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast. Cannacurio Podcast Episode 28 Transcript. Welcome to the show.
Cannabis Legalisation Bill 2022 , introduced in South Australia’s legislative council on May 18, calls for the strict legalisation and regulation of cannabis. A member of Australia’s Green Party has re-submitted a bill that proposes to legalize and regulate cannabis in South Australia. . The agency would also inspect licence holders.
Cannabis lawyers are heading to Brussels next week to challenge a recent decision by the European Union to reclassify food products containing cannabidiol (CBD) and prohibit their sale. This applies to both the extracts themselves and any products to which they are added as an ingredient (such as hemp seed oil).”. AUTHOR: Mark Taylor.
Meanwhile, Ganjapreneur’s TG Branfalt highlighted the following on October 16, 2019: Two of Florida’s high-priced medical cannabis licenses are up for sale for a proposed $95 million — $40 million for one, $55 million for the other (which includes a greenhouse and a higher allowance for retail locations). SPLIT DOWN THE MIDDLE.
Xebra’s claim was filed in January 2019 , and the injunction filed includes the right for the importation of seeds, cultivation anywhere in Mexico without limitation on size, harvesting, processing, the creation of cannabis products with less than 1% THC, and the right to sell those products domestically or by export. federally legalizes).
This limitation was created to ensure that any hemp-based products could not be used for the intoxicating properties found in these plants, regardless of whether that crop will be used for phytocannabinoid extraction, industrial materials, food like oil or seeds, or any other use. 1: Crops must remain compliant with THC guidelines.
IRC 280E was passed by Congress in 1982 in response to a case where the Tax Court ruled that a taxpayer could deduct expenses relating to his sales of cocaine, amphetamine, and cannabis. After many attempts to get the SAFE Banking Ac t through Congress, I can say that the industry feels a little defeated on the federal front. Even if Rep.
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