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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.
The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year. IDFPR is also committed to working with those who received Conditional Adult Use Dispensing Organization licenses in 2023’s Social Equity Criteria Lottery to open their doors as new dispensaries and begin serving customers.
Friday, the Illinois Department of Financial & Professional Regulation (IDFPR) released its Annual Cannabis Report for fiscal year 2023. The 20-page report included a summary, 2023 accomplishments, goals for fiscal year 2024, and several charts and statistics. This goal was again listed as one of the Essential Projects for FY2024.
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. ,
High-Minded Events is set to host the 2023 Higher Love to kick off Pride Month Thursday, June 1. There will be no sales or re-selling of cannabis at this event. Higher Love is scheduled for 6-10 p.m. at the PalmHouse in Evanston. The PalmHouse is located at 619 Howard Street. Tickets can be found here. “We
High-Minded Events recently opened its official headquarters at a unique storefront space in Rogers Park, and owner and founder, Phil Cooper, has been utilizing that space for all business needs, including preparing for the next big cannabis event: 2023 Higher Love – Pride Month Kick Off. Higher Love is scheduled for 6-10 p.m.
High-Minded Events has finalized it talent lineup for the 2023 “ Higher Love – Pride Month Kick Off” next month. There will be no sales or re-selling of cannabis at this event. Higher Love is scheduled for 6-10 p.m. at the PalmHouse in Evanston, Thursday, June 1. The PalmHouse is located at 619 Howard Street.
Seattle, Washington, April 11, 2023 – For the first time since launch, Cultivera’s B2B marketplace, Cultivera Market, will soon be available for licenses not using Cultivera Pro seed-to-sale software.
On February 27, 2023, Dykema’s Cannabis Industry Group was contacted by the Michigan Cannabis Regulatory Agency (“CRA”) about possible immediate suspensions of METRC user accounts. METRC operates a seed-to-sale tracking software and accurate compliance and reporting in the software is mandatory by all licensees.
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.
Effective July of 2023, the new legislation aims to regulate medical and recreational cannabis as similarly as possible, holding them to the same standards. Additionally, everything will be tracked from seed to sale as it is now, ensuring that consumers can have confidence in the quality and safety of the product they are buying.
The state allows the sale and use of CBD products with 0% THC. Growers must apply for a license through the state and can only use state-approved seeds. At the end of the 2022 legislative session, lawmakers voted to form a committee dedicated to exploring the creation of a program for the 2023 legislative session. THC or less.
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.
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.
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.
The Oneida Indian Nation will oversee the entire business vertical from “seed to sale.”. Retail locations, which will be announced at a later date and located exclusively on Nation lands, are projected to open in late 2023. The entire cannabis operation, from seed to sale, will be operated by the Oneida Indian Nation.
Allowed formats include flowers, concentrates, edibles, transdermal products, seeds, and seedlings.” 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. These changes to D.C.’s
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. Here is our cannabis employment report 2022. State of Cannabis Employment – 2022 Update. Cannabis markets are active in 11 adult-use states and 27 medical-only states. cannabis industry. Florida – 25,895. Arizona – 23,333.
Effective July of 2023, the new legislation aims to regulate medical and recreational cannabis as similarly as possible, holding them to the same standards. Additionally, everything will be tracked from seed to sale as it is now, ensuring that consumers can have confidence in the quality and safety of the product they are buying.
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.
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.
Reported cannabis sales increased 46% in 2020 alone , and as legalization continues nationwide more and more opportunities to invest are sprouting up. From the seed to the sale, all good investors should roll up their sleeves and dig into the fundamentals of the businesses they invest in. Buy organic. Break down the research.
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. 21 CFR 170.230, 170.235, and 170.255.
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.
As the Californian cannabis industry gains momentum, an increasingly number of people are expressing interest to participate in the cannabis movement. This is especially true in the new normal, where cannabis businesses were deemed “essential” in era of Covid-19. are at least somewhat aware of the regulatory framework. How do I get a license?
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. Project modalities.
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).
Griffen’s article is just one of many parsing the language of the 2018 Farm Bill and a 2023 DEA letter on the topic. It’s on sale all over! Friend of the firm Andrew DeWeese published a recent LinkedIn post on Oregon’s outlying stance on THCA the other day, and the priorities of local industry advocates.
In my June 2023 post, I concluded that even if there are good arguments for THCA’s legality, practically speaking law enforcement was likely to consider THCA in calculating total THC, given the fact that THCA converts to THC upon application of heat. Let’s take a look.
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. For further information on the novel food application process see our latest post on European CBD Sales: Securing a Novel Food Authorization.
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.
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. But first Ill add my usual caveat: a large majority of these introduced bills will not pass.
million of the Company’s existing 13% senior secured notes due 2023, pursuant to private agreements in accordance with the trust indenture, for an equivalent amount of 2026 Notes plus accrued but unpaid interest and any negotiated premium thereon. persons (as defined in Regulation S under the U.S. About Columbia Care.
The Transaction is expected to achieve cost synergies through combining activities in supply chain and distribution, research, and product development, as well as cost reductions in sales, general and administrative activities, and general overhead. The Green Organic Dutchman Holdings Ltd. Galaxie’s 26,000 sq. production capabilities.
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. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.
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 Notes were offered for sale on a private placement basis in certain provinces of Canada pursuant to applicable exemptions from the prospectus requirements of Canadian securities laws. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NEW YORK–(BUSINESS WIRE)–Columbia Care Inc.
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.
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