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In February 2023, Project CBD published a story about Curaleaf , the scandal-ridden, multistate and multinational company, which has achieved a leading position in the U.S. Recommended Readings The post Downstream Effects: April 2023 appeared first on Project CBD. Sponsored by CannaCraft, Inc., Sponsored by CannaCraft, Inc.,
The Illinois Department of Public Health (IDPH) recently released its December 2023 medical cannabis sales totals. for the third-highest monthly total in 2023, behind March’s $29,018,805.60 Total 2023 medical cannabis sales reached $324,792,664.73, which was the lowest yearly total since adult-use legalization. May: $27,461,289.64
The rulemaking provisions are meant to better define “academic research institutions that are eligible to participate in the industrial hemp program as institutions that offer agricultural programs or degrees; offer in-person programs at a physical location in Illinois; are Illinois non-profit entities; and conduct research on hemp.
The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.
The Illinois Department of Public Health (IDPH) today released its October 2023 medical cannabis sales totals of $26,244,555.82, the first uptick since March 2023. Total 2023 retail sales by licensed medical cannabis dispensaries have totaled $271,357,790.69. Monthly Totals for 2023: January: $27,621,022.42
While Illinois’ adult-use cannabis market continues to set records, the monthly cannabis sales totals for Illinois’ Medical Cannabis Patient Program continues to decline. Total 2023 retail sales by licensed medical cannabis dispensaries totaled $245,113,258.87. Monthly Totals for 2023: January: $27,621,022.42 March: $29,018,805.60
Ieso holds one of only 20 full-scale cultivation licenses in the state. As part of the acquisition process, nuEra has been working with the Ieso team to revamp cultivar selection, cultivation practices, and sales and marketing strategies at the facility since early 2023.
The Illinois Department of Public Health (IDPH) recently released its November 2023 medical cannabis sales totals of $25,582,066.92. By comparison, in October 2023, licensed medical cannabis dispensaries served 62,618 unique patients, who purchased 1,271,270 grams of dry cannabis. Monthly Totals for 2023: January: $27,621,022.42
The Illinois Department of Public Health (IDPH) today released its April 2023 medical cannabis sales totals. The current total number of active patients in the MCPP program as of April 30, 2023, is 137,498. Total 2023 retail sales by licensed medical cannabis dispensaries totaled $111,325,231.45. February: $26,652,042.97
All eyes are on Georgia’s medical cannabis program as it continues to grow. The History of the Georgia Medical Cannabis Program Georgia’s medical cannabis program started sales this past spring. In April 2019, House Bill 324 was approved, enabling in-state cultivation and the sale of low-THC oil.
December 2022, I published a 6-part series titled, “What Illinois cannabis patients really want” to start a dialogue about the large gap between patients’ needs, wishes, concerns, and recommendation for improving the Medical Cannabis Patient Program (MCPP) and the actual amendments to the law legislators have introduced. In January 2023, Rep.
Four Illinois House bills involving cannabis oversight and regulations were assigned to the Executive Committee February 28, 2023. Effective July 1, 2023.” was filed on January 25, 2023, assigned to the Rules Committee January 25, 2023, and then assigned to the Executive Committee February 28, 2023. Evans, Jr. ,
Total 2024 wholesale sales by cultivation centers reached $129,966,963.40, and total wholesale sales since November 2015 by cultivation centers totaled $3,507,427,930.76. Monthly Totals for 2023: January: $27,621,022.42 2023 Totals: $324,792,664.73 Monthly Totals for 2023: January: $27,621,022.42 May: $27,461,289.64
Provides a conditional adult-use cultivator license to process and distribute cannabis flower products without holding an adult-use processor or distributor license; provides a conditional adult-use processor license to process and distribute cannabis products; provides for the repeal of certain provisions upon the expiration thereof.
7, 2023, and serves recreational consumers. Along with offering a rewards program (using points to take money off purchases), Cookies Bloomington partners with the Last Prisoner’s Project, sponsors local events, and donates to local food drives. Cookies Bloomington is located at 1006 JC Parkway, Suite 108, in Bloomington, Illinois.
9, 2023, and serves recreational consumers. Along with offering a rewards program (using points to take money off purchases), Cookies Peoria Heights sponsors local events and is part of the Peoria Heights Chamber of Commerce. Cookies Peoria Heights is located at 1209 East War Memorial Drive in Peoria Heights, Illinois.
According to statistics from the Cannabis Regulation Oversight Office (CROO), starting with the cost of dry flower per gram from the beginning of the Compassionate Use of Medical Cannabis Pilot Program Act , medical patients in Illinois paid $10.38 in July 2023. in July 2023. On June 25, 2019, Gov. On June 25, 2019, Gov.
As entrepreneurs and consumers eagerly await the implementation of New York’s adult-use program, lawmakers are taking steps to allow New York to effectuate its adult use cannabis program faster. Conditional Adult-Use Cultivator License. Such authority to minimally process and distribute cannabis products expires on June 1, 2023.
The Webber Wellness Conservatory will include marijuana operations and training facilities, along with a cultivation facility, dispensary, and consumption lounge. Green Thumb Industries’ Cannabis Campus To Open by 2023. “We understand what happened with the war on drugs.
Pritzker signed into law the Cannabis Regulation and Tax Act on June 25, 2019, and cultivators ramped up production for adult-use sales. Since its peak of $89.04, the price per gram of extracts has slowly decreased and as of July 2023 was $63.89. to the current price of $71.25 (July 2023), nearly a 43% decrease. April 2018.
Senator Jeremy Cooney of New York introduced a bill on July 20 that would build upon the state’s recreational cannabis law with a focus on getting cultivation up and running. A provisional license would offer a cultivator the same benefits as a cultivator’s license for the time being. View original article.
Alabama law does not allow the consumption, possession, or cultivation of marijuana for recreational purposes, but has approved the establishment of a medical marijuana program in February 2021. Alabama medical cannabis program. The medical marijuana program in Alabama is limited, and not open.
California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.
France has officially permitted medical cannabis production and cultivation. Prior to the decree’s publication, France had already been busy importing cannabis products for its medical cannabis pilot program. The ANSM Has Been Fronting a Medical Cannabis Pilot Program . According to Statista, 1.5
The head of New York’s Cannabis Control Board said last week she does not anticipate the state will begin issuing industry licenses until the spring of 2023 at the earliest. Tremaine Wright’s comments came during a cannabis conference at Comedy at the Carlson in Rochester. That bill remains in the Senate Rules Committee.
Starting July 1, 2023, the ballot initiative will legalize personal possession of up to 1.5 This legislation also allows adults to cultivate two cannabis plants for personal use. 1, 2023, possession of marijuana will become a civil offense. North Dakota passed a medical marijuana program in 2016. ounces but less than 2.5
Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. Late last week, the North Dakota State Senate overwhelmingly passed a measure to expand the state’s medical marijuana program. California.
Georgia has a limited medical program but doesn’t consider itself a “medical marijuana” state as growing, possessing, or smoking any form of the plant is still illegal. The program was legalized in 2015 and patients with qualifying conditions can get a prescription for up to 20oz of low THC oil, capsules, patches, or lotion.
In preparation, the CCA established a framework for cannabis business licensing, cultivation, manufacturing, distribution, testing, and adult-use retail sales that would be regulated by a newly formed Cannabis Control Authority. Agencies tasked with moving the program forward are currently putting their efforts on hold until after 2023.”
For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. The Alabama Department of Agriculture and Industries, tasked with issuing rules for cultivation activities, issued its proposed rule , “Medical Cannabis Cultivation,” on May 17, 2022. It was a year ago when this all started.
The added language states, “In addition to any other transfers that may be provided for by law, on July 1, 2023, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $40,000,000 from the Compassionate Use of Medical Cannabis Fund to the Cannabis Business Development Fund.”
During August alone, Illinois has passed new legislation expanding and cementing its medical marijuana program, and shown necessary flexibility as it attempts to get its recreational market off the ground by January 1, 2020. The law also now allows nurse practitioners and physician assistants to certify applicants for the program.
Jason MacLean isn’t new to cannabis cultivation and genetic breading. He has been immersed within the cannabis community in Denver for over 15 years, working as a horticulturist and cultivator. And he also led the efforts that granted Cherry the Best Wholesale Cultivation award in the 2021 Best of Denver awards.
Cannabinoid Hemp Program Regulations (Finally) Finalized. While much attention is focused on New York’s adult-use cannabis market, the CCB and Office of Cannabis Management (OCM) are also responsible for overseeing both the Medical Marijuana and Cannabinoid Hemp Programs. cannabinoid hemp and hemp extract.” CBD products).
Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of compassionate care programs. Update : SB 2023 was approved by the Senate on 4/4/19, and will now be transmitted to the House. California. CA resident?
Thanks to the New York Office of Cannabis Management, the idea of a legal cannabis showcase program is now a reality. On the 19th of July, 2023, the Office of Cannabis Management in New York approved plans to permit cannabis ‘showcases’ and sales at public events. billion and is projected to be valued at $7.07
In addition, the California Energy Commission’s (CEC) proposal for new efficiency standards for indoor and greenhouse cannabis facilities will require all indoor cultivation operators, to transition away from common grow lights to LEDs by January 2023.
The state’s goal is for the dispensaries operated by “justice-involved” individuals to open by the end of 2022, with other dispensaries to follow in early 2023. THC for the upcoming adult-use market. THC for the upcoming adult-use market.
While Missouri is a limited-license state, with 60 cultivation, 86 manufacturing and 192 retail licenses available, the state is less restrictive than other markets with license caps, Brodsky says. We offer incentives in two-month blocks that if they finish all the coursework in that program, we give them a little cash bonus.
The legislation would not set up a retail market, but would decriminalize cannabis, allow home cultivation and possession, and allow for the establishment of “cultivation clubs,” which would start in July. As we reported last month, the program is facing a lawsuit, alleging that it illegally favors New York residents.
Bell teaches Cannabis Law & Entrepreneurship in SLU’s Cannabis Science and Operations program. Sharma’s studies aims to offer strategic insights to inform cultivation practices and optimize cannabinoid production. 3:30 p.m. – is a business attorney and an Adjunct Instructor at Saint Louis University. 2:00 p.m. – 4:00 p.m. –
Wyoming does not have a legal medical or adult-use cannabis program. In the 2022 legislative session, there were two cannabis bills introduced: one would decriminalize possession of up to three ounces of cannabis and the other would create a medical cannabis program, however, these are not expected to see movement until 2023 at the earliest.
Senate Bill 34 would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. CA resident? IL resident? ” IL resident?
Cultivation of more than four plants is also an automatic felony, facing at least 46 months of jail time and fines of $300,000 – $500,000. If you possess paraphernalia to “cultivate five plants or more” you’ll face a felony charge with jail time and a $100,000 fine. Kansas medical marijuana program. Cannabis in Kansas.
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