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May 2023, the Department of Financial & Professional Regulation (IDFPR) announced that Illinois was switching its cannabis seed-to-sale tracking system from BioTrack to Metrc and listed this transition as an Essential Projects in the FY2023 Annual Cannabis Report and again in the FY2024 report.
On May 30, 2023, Governor Tim Walz signed legislation to legalize recreational use of marijuana for persons 21 years of age and older. The bill legalizes the production and sale of marijuana flower concentrates, topical and edible products, immature cannabis plants and seeds, and hemp-derived THC products.
On November 8th, 2022, Maryland passed a new law legalizing recreational cannabis use for adults 21 and older, opening up a whole new industry for the state. Effective July of 2023, the new legislation aims to regulate medical and recreational cannabis as similarly as possible, holding them to the same standards.
The state allows the sale and use of CBD products with 0% THC. Since 2018, CBD and hemp have been legalized to some degree, but Kansas is still a full cannabis prohibition state. Growers must apply for a license through the state and can only use state-approved seeds. Kansas cannabis laws. Cannabis in Kansas. THC or less.
However, the relationship between these two agricultural enterprises has leaned more toward its complicated than one would expect, as legal and cultural clashes progressively seed deep conflicts between producers of the profitable commodities.
Some farmers are growing hemp for biomass, others for seed, and still others for its CBD content. Some farmers are growing hemp for biomass, others for seed, and still others for its CBD content. fiber and seed) are less concerned about whether their plants are male or female. Farmers growing hemp for biomass (e.g.
On November 8th, 2022, Maryland passed a new law legalizing recreational cannabis use for adults 21 and older, opening up a whole new industry for the state. Effective July of 2023, the new legislation aims to regulate medical and recreational cannabis as similarly as possible, holding them to the same standards.
law—specifically, the Legalization of Marijuana for Medical Treatment Initiative of 1999—for a total of 225 days. On July 6, 2022, Washington, D.C. implemented a revolutionary emergency amendment to its medical cannabis program. The Medical Marijuana Self-Certification Temporary Amendment Act of 2022 currently permits D.C. Pushing D.C.’s
This bill enables New York cannabis farmers to put seeds in the ground, so that the economic benefits of legalizing marijuana are not delayed for another growing season,” Cooney said in a press release. Seeds need to be planted by June 2022, and sources of these seeds need to located even earlier than that.
According to the OCM, this positions equity-entrepreneur-owned dispensaries to make the first adult-use cannabis sales in New York State by the end of 2022 while speeding the delivery of investments into communities across the state that were most impacted by the disproportionate enforcement of cannabis prohibition.
Cannabis Jobs in 2022- From Seed to Sale. Arizona – Adult-use sales began at the start of 2021. California – This year, licensed operators will keep chipping away at the state’s largely illicit market, creating more legal cannabis jobs. Here is our cannabis employment report 2022. cannabis industry. Florida – 25,895.
Similarly, the MRTA requires the CCB “[t]o fix by rule and regulation the standards and requirements of cultivation, processing, packaging, marketing, and sale of. ” The CCB intends to address the sale of such products in the adult-use regulations. no later than six months after the effective date of the MRTA.”
The Oregon legislative Task Force on Cannabis-Derived Intoxicants and Illegal Cannabis Production is exploring potential reforms to the state’s regulation of cannabinoid products and legislation for 2023 to combat what law enforcement believes is an increase in illicit marijuana production. concentration threshold.
Kathy Hochul announced June 22 the selection of Social Equity Impact Ventures LLC, a minority-led investment team, to sponsor and manage New York’s $200-million Social Equity Cannabis Investment Program that was included in the state’s fiscal 2023 enacted state budget. Cannabis Business Times.
This article reviews cannabis laws in effect in Southern states, cannabis laws that will go into effect in the future, and examines states that haven’t passed legislation legalizing cannabis. Hunter Robinson. Whitt Steineker. Slates Veazey. Existing Cannabis Regimes. Cannabis is not new to the South. It is unique in many respects.
The legal cannabis industry has taken root in our economy and throughout our daily lives. Two out of three Americans are now in favor of legalization. Two out of three Americans are now in favor of legalization. This article is the sixth in a series called, “So you want to start a canna biz?” Buy organic.
Cannabis NYC will plant the seeds for the economy of tomorrow by helping New Yorkers apply for licenses and understand how to open and successfully run a business, while simultaneously rolling equity into our economy by giving those who have been justice-involved and those with a cannabis conviction a chance to succeed.
These rules do not apply to industrial hemp licensees who legally operate outside of OLCC’s regulated cannabis market – the below rules apply only to OLCC licensees. Delta-8 THC and other Artificially Derived Cannabinoids. This section lays out three ways a manufacturer can establish that an artificially derived cannabinoid is GRAS.
As with any blog post from Cultiva Law, this is not legal advice and should not substitute for legal advice. However, this is a constantly shifting legal landscape and it is best to talk to an experienced lawyer in your jurisdiction. are at least somewhat aware of the regulatory framework. I Want To Start a Cannabis Business.
It emerges from the 2018-2023 coalition agreement that legislation on recreational cannabis will be drafted ( 2018-2023 Coalition Agreement ) . On the one hand, it is proposed that adults should be able to legally cultivate for personal consumption up to four cannabis plants per household from seeds. Source: [link].
26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In
Most interestingly, the reconstituted SB 353 would allow OLCC licensees to export intoxicating products that fall under the federal definition of hemp, along with marijuana seeds. All very interesting stuff, especially coming from the first state to ban the sale of artificially derived cannabinoids (with limited exceptions).
THCA flower is legal under federal law” Maybe. Griffen’s article is just one of many parsing the language of the 2018 Farm Bill and a 2023 DEA letter on the topic. So here’s the answer I might give my aunt if she asked whether THCA flower is legal. It’s on sale all over! Here it is: Let’s break it down.
So long for THCA products (again) Last June, I published a post entitled “ So Long for THCA Products ” where I analyzed the murky legality of THCA products. So long for THCA products (again) Last June, I published a post entitled “ So Long for THCA Products ” where I analyzed the murky legality of THCA products.
The legal landscape in the Cannabidiol (CBD) sector is changing quickly, especially for CBD-infused food products. In November 2020 the ECJ concluded that CBD extracted from the Cannabis sativa plant in its entirety — and not solely from its fiber and seeds — cannot be regarded as a narcotic drug.
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.
TGOD to acquire Galaxie Brands Corporation. Acquisition significantly expands and diversifies TGOD’s product portfolio through: Galaxie’s exclusive joint venture in Canada , with a major U.S. cannabis edible brand. Strengthen TGOD’s executive capabilities with addition of industry veterans and former Canopy Growth Corp.
Total upfront consideration was approximately $240 million, comprised of $45 million in cash and $195 million in Columbia Care stock, with the potential for additional performance-based milestones in 2022 and 2023. 2021 Adjusted EBITDA. This transaction is immediately accretive to gross margin, Adjusted EBITDA and cash flow from operations.
The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. billion for the economy. at the end of 2020. billion) by 2027.
The annual sales in illicit market cannabis are estimated at around €11 billion 1. As highlighted in The European Cannabis Report: 6 th Edition 1 , it is projected that sales of adult-use cannabis will reach €200 million by 2023, coming close to €800 million in 2025. Adult use market predicted to be worth €3.2
The annual sales in illicit market cannabis are estimated at around €11 billion 1. As highlighted in The European Cannabis Report: 6 th Edition 1 , it is projected that sales of adult-use cannabis will reach €200 million by 2023, coming close to €800 million in 2025. Adult use market predicted to be worth €3.2 billion by 2025 1.
The enactment of the 2018 Farm Bill and the legalization of hemp and hemp derivatives, including cannabidiol (“CBD”), has led to a massive CBD craze in the United States. According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. billion by 2023. Hemp CBD Products.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
There has been much in the press about Virginia legalizing the possession of up to 1 ounce of marijuana or up to four cannabis plants effective July 1, 2021. Most people are surprised to learn that, with a few exceptions, the only component of the 250-page marijuana legalization bill that actually passed was the legalization.
Will we see tax reform in 2023 for cannabis sellers? I’ve been on panels with many experts who rightly take the position that the way to get to federal legalization is through a piecemeal legislative process; chipping away at prohibition one legal reform at a time. Hence, SAFE Banking made a lot of sense. Even if Rep.
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