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On the federal level, the Veterans Equal Access Act made a reappearance. And finally, a new collective bargaining agreement would allow NBA players to use, promote and invest in cannabis. VETERANS EQUAL ACCESS BILL Rep. This week, Kentucky legalized medical cannabis. Today, I signed these two bills into law. Congrats, Kentucky.
2023 World UN World Drug Report The 2023 World Drug Report urges the development of effective drug policies. The 2023 World Drug Report shows unreasonable use of criminal penalties for the “war on drugs” movement as it discourages people who use drugs for treatment, and this encourages social stigma.
If you work in the Illinois cannabis industry, then you probably received a request from the Cannabis Regulation Oversight Officer (CROO) to complete the 2023 industry employee survey. This survey supports CROO efforts to reduce or eliminate barriers to entry, including access to capital. Previous survey results can be found here.
SAFE BANKING The Senate Banking Committee held a hearing late this week on the difficulties the cannabis industry faces due to a lack of access to the federal banking system. Could this be the first step on the journey to enact the SAFE Banking Act? If you’re looking for both pot and fast food, this is just for you.
We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. And not to ruin the ending, but no retail market will open in 2023. Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. million in revenue in one weekend is a tidy sum.
The Aurora Cannabis Club, small collective of cannabis growers/companies and enthusiasts, started April 20, 2021. The Aurora Cannabis Club agenda is focused on homegrow and medical patient access, which they believe to be absolutely important to Illinois. “As We’ve hosted a couple roll offs and seed swap there, as well.”.
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%
Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain. Allow eligible equity retailers to keep a percentage of the excise tax they collect. Strengthen labor peace requirements.
According to the latest estimates by the Bureau of Labor Statistics , in 2023, around 14.4 A key turning point came in 1935 with the National Labor Relations Act (NLRA), which gave private-sector workers the legal right to unionize, strike, and collectively bargain for fair working conditions. Labor unions in the U.S. million U.S.
Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.
Rather, the avid cannabis supporter stated that a January 2023 deadline would be more feasible to ensure that Wyoming’s legalization initiatives face a fair vote at the 2024 ballot. Rules pertaining to licensing would be hashed out by July 1, 2023. Despite these concerns, he wasn’t too perturbed at the thought of missing the threshold.
Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition.
Any cultivation tax collected on cannabis that enters the commercial market on or after July 1, 2022, must be returned to the cultivator that initially paid the cultivation tax or, if unable to be returned to the cultivator, must be paid to CDTFA as excess tax. Cannabis Retail Access Grant Program. Read the CDTFA announcement.
We also commented on the potential casual use of cannabis in the workplace, with some co-working environments expanding access to alcohol and more. The efficient and effective collection of federal excise tax. The federal approval and regulation of “cannabis products and product labels.”
from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Objectives for FY 2023 also remain unchanged and do not include any COVID-19 impact either.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The law includes provisions to ensure that registered patients continue to have access to their necessary medication, such as patient-only operating hours and product availability.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The law includes provisions to ensure that registered patients continue to have access to their necessary medication, such as patient-only operating hours and product availability.
By 2023, Brightfield Group estimates that the total U.S. While the FDA held a meeting on May 31st, 2019, aimed at helping the agency collect more information from the public to inform its policymaking, there are still numerous steps that need be taken in order for businesses to have clear, legal pathways for market entry.
And while business applications for mushroom health practitioners won’t be accepted until early 2023, one drug education collective is getting a head start on providing fellow Oregonians with the information they need to enter into this brave new era informed.
Data from this report will help OPS better prepare for license and compliance work in January 2023 when it starts accepting license applications for the program. Who is interested in accessing psilocybin services and why? The survey’s results show strong interest in the psilocybin program, particularly in accessing services.
One might think of Oregon as a sanctuary for individuals interested in microdosing, as Ballot Measure 109 legalized psilocybin services with service centers coming online in 2023. Currently available data is not fully reliable as there are shortfalls in research methodology and data collection. Textualist Reading of Measure 109.
As evidenced by today’s announcement, we continue to demonstrate our ability to access the needed expansion and working capital, in the least dilutive possible manner to our shareholders, to execute on our strategy. per RWB Share until May 12, 2023. of new cash and the retirement of US$7.7M
In 2023, CannMed transformed into an Innovation and Investment Summit held at the J.W. In addition, attendees will be able to collect stamps from each exhibitor’s tiki stand to earn entry into a drawing for exclusive prizes. Marriott Marco Island Beach Resort, Marco Island, FL.
together with its subsidiaries and affiliated companies (collectively, “NuLeaf”), a Nevada-based vertically integrated operator, for total consideration of up to US$62.5 In addition, the location is expected to install a drive-thru that will provide convenient access for customers, while increasing throughput at the dispensary.
billion in 2023. Tests include on-site rapid antigen (results in under 20 minutes) and on-site RT-PCR sample collection (results in 24 hours). Yet, more than half of the people in the least developed countries lack access to electricity. Digital Accessibility Compliance – More than 1 billion people live with a disability.
I don’t really know, as Hezekiah was alluding to on the collective question, people have to have their come-to-Jesus moment. Your collective defense, if you’re staying medical, your collective defense can help keep you out of jail for 2018. As a collective, you still have to pay your taxes. The fines are significant.
Under state law, CDTFA collected both a cultivation tax and an excise tax. 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. In 2022, that all changed when the state adopted tax reforms.
The LCB is also tasked with administering and collecting excise taxes concerning the retail sale of cannabis concentrates, useable cannabis, and cannabis-infused products within the state. Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.
However, when the majority of cities and counties end up banning cannabis businesses, the illegal market rages on and legal access becomes a problem. County plans to allow the following businesses in in its borders in 2023: 25 retail. Back in August, I wrote about the cannabis tax measure in L.A. 25 delivery. 10 distribution.
It emerges from the 2018-2023 coalition agreement that legislation on recreational cannabis will be drafted ( 2018-2023 Coalition Agreement ) . As in other matters providing for taxed warnings, the collection of fines is carried out by the Registration Administration. Source: [link].
These new proposals are designed to expand access to medical cannabis for NJ MMJ patients. The public comment period is open from October 16 to December 15, 2023. Further, the Commission is authorized to collect application and renewal fees from clinical registrants.”
Legislators seem both wary and weary of cannabis: the 2023 industry scandals implicating public officials are still fairly recent; and, after ten dynamic years and hundreds of adult use cannabis proposals, bills and laws, the program needs to breathe. Most likely, you wont see it mentioned at all.
He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. billion through 2023, according to the Brightfield Group. Presents ” is accessible 24 hours a day, 7 days a week, by visiting www.hempinc.com. While Hemp, Inc. HEMP BENCHMARKS.
million of interest savings in 2022, and these new term loans will effectively extend the amortization period of the Crown Capital facility, which has a “bullet” maturity in May 2023. DCM will be using Microsoft Teams to broadcast the call, which will be accessible via the options below: Join on your computer or mobile app.
Jones also completed an offering of US$3,000,000 in aggregate principal amount of 3.00% unsecured convertible debentures due February 9, 2023 (the “ Contingent Convertible Debentures ”). Contingent Convertible Debenture Offering. The Contingent Convertible Debentures are convertible into units of Jones at a conversion price of US$0.50
Laurentian is also expected to benefit from access to additional high-quality indoor flower supply and input material for hash from Organigram’s Moncton facility, which is expected to produce 70,000 kg of annualized production capacity by the end of fiscal 2022. MONCTON, New Brunswick–(BUSINESS WIRE)–Organigram Holdings Inc.
Daryoush Austin Zamhariri, the chief editor of the online marijuana news site Texas Cannabis Collective, said that opening up eligibility to all nonresidents will make cannabis accessible to millions of patients in Texas , which currently has no medical marijuana program.
2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. Former Gov.
2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. Former Gov.
2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. Former Gov.
2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. Former Gov.
2, 2023—should Newsom be recalled. Brown was also in office during the implementation period of California’s Control, Regulate and Tax Adult Use of Marijuana Act, which initiated the state’s collection of a 15% excise tax, a sales tax and a cultivation tax when adult-use sales launched in January 2018. Former Gov.
This hearing, which may continue over several sessions and could potentially extend over months or years, will collect factual evidence and expert testimony on the proposed reclassification. In August 2023, the HHS also crucially recommended to the DEA that cannabis be relisted from Schedule I to Schedule III.
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