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Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Tuesday, April 12, 2022. Whitney Hodges.
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.
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. Read the CDTFA announcement. Delivery Data Required to be Reported in Metrc.
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.
The 2023 Budget. Last week, the New York Legislature passed the State’s 2022-2023 Budget. The stated purpose for the revision was to simplify tax return preparation, improve compliance and enforcement, and aid in the interpretation of tax law provisions. It is also $4 billion more than what the Governor had initially proposed.
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.
WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Licenses are to report both the calculated tax amount and the amount of additional collected tax. You can review this recent rule change on the agency website.
Retail locations, which will be announced at a later date and located exclusively on Nation lands, are projected to open in late 2023. 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.
Although the LCB would have liked the transition to occur sooner than currently afforded, we do not want transition time delayed into 2023, as it further deteriorates the importance of consumer safety. A randomized list produced each month by LCB staff: Compliance consultants submit 75 samples per month for testing.
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.
Employers will have to continue to review, update, and carefully navigate workplace drug policies to ensure legal compliance based on the employee’s locations and whether the employee’s use is medical or recreational. 1, 2022, it seems unlikely that cannabis would be ready for distribution before 2023. Ashley Bobo. Puerto Rico.
Starting August 1, 2023, Minnesota will provide protections to individuals who use cannabis for recreational purposes, after Minnesota Governor Tim Walz signed a state law allowing adults 21 and older to use recreational cannabis.
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.
together with its subsidiaries and affiliated companies (collectively, “NuLeaf”), a Nevada-based vertically integrated operator, for total consideration of up to US$62.5 4 The Nevada Cannabis Compliance Board (CCB) and the Nevada Department of Taxation (DoT). million (the “Acquisition”). processing facility in Reno, NV.
PORTLAND, Oregon—March 1, 2023—Regulatory compliance firms Allay Consulting and The GMP Collective are joining forces amid the rapid national growth of the cannabis, hemp and emerging psychedelics sectors, with a focus on current Goods Manufacturing Practices (cGMP) compliance.
billion in 2023. Facilitating workforce proof of health compliance data, Dalrada Health’s CLIA-certified laboratory provides on-site concierge services and holds national capability. Tests include on-site rapid antigen (results in under 20 minutes) and on-site RT-PCR sample collection (results in 24 hours).
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.
As reported by Sophie Peel of the Willamette Week, on May 16, Governor Kotek issued a directive to the OLCC to make state tax compliance a requirement for the agency to issue or renew cannabis retail licenses. As early as June 15, 2023 – for a temporary rule and a permanent rule by this fall. What is the new tax compliance policy?
The OLCC announced several changes to the tax compliance rule this weekend at the Cannabis & Psychedelic Section of the Oregon Bar Association’s annual conference (where I was pleased to moderate a panel on the failures of legalization). We’ve written about the tax compliance rule on several occasions: e.g. here , here and here.
The OLCC announced several changes to the tax compliance rule this weekend at the Cannabis & Psychedelic Section of the Oregon Bar Association’s annual conference (where I was pleased to moderate a panel on the failures of legalization). We’ve written about the tax compliance rule on several occasions: e.g. here , here and here.
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. Project modalities. Source: [link]. community gardens).
It’s hard to read the tea leaves in a lot of cases – inspections can be a prelude to enforcement, but they can also be a way for the agencies to spur compliance without clogging up the court system. Under state law, CDTFA collected both a cultivation tax and an excise tax. inhalable v. dermally applied and so on).
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.
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. This would be very useful and cut down on lots of pointless compliance and labor and waste.
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 ”). Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom.
Uber Canada announced its partnership with Tokyo Smoke, a cannabis retailer, to offer ordering in the cannabis category from Tokyo Smoke’s flower collection on the Uber Eats app. 1, 2023, under the new law. Nevada Cannabis Compliance Board Takes Action for Tax Payment Failures. Loan applications will be available Feb.
It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. And like with privacy policies, it’s better to invest in privacy law compliance early on, instead of defense counsel down the road. I’ve been writing and talking about this issue for years.
It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. And like with privacy policies, it’s better to invest in privacy law compliance early on, instead of defense counsel down the road. I’ve been writing and talking about this issue for years.
The provision now states, “All licensees and registrants shall be subject to inspections at the discretion of the Department to ensure compliance with the Act. For example, academic research institutions “shall notify the Department at least seven business days prior to collection of samples.”
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