Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. Currently, the cultivation tax rates are $10.08 per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis.

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Veriheal

JANUARY 24, 2024

However, new polls have suggested that recreational cannabis might face a lot of opposition on the 2024 ballot. If Smart & Safe Florida’s request eventually qualifies to be on 2024’s ballot, it has to receive a minimum of 60% votes. If it is passed, Florida will become the 24th state to legalize the recreational use of cannabis.

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Recreational History Cannabis Legalization 62

Cannabis Law Report

AUGUST 9, 2022

Medical cannabis company Trulieve is contributing $5 million toward the effort to put the measure on 2024 ballots. Trulieve CEO Kim Rivers told the News Service of Florida that the amendment is “all about improving access.” . “We Applies to Florida law; does not change, or immunize violations of, federal law.

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Cannabis Law Report

JANUARY 23, 2020

“After taking the first steps towards the liberalization of hemp cultivation over the course of the last few years, at the end of 2018 Thailand’s government decided to legalize medical cannabis as the first Southeast Asian country. Healthcare expenditure estimated by 2024. Estimated Prevalence of cannabis users by 2024.

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Research and Development Oil Cultivation DEA 59

Veriheal

AUGUST 11, 2023

Highlights of the Psychedelics Bill In late 2022, Colorado voters passed Proposition 122 , decriminalizing and regulating access to certain psychedelic plants. At the time of writing, l icensed facilities are not expected to open until late 2024.

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NORML

MARCH 14, 2020

Veteran Access : HR 1647, the Veterans Equal Access Act, would allow V.A. Legislation is pending, Senate Bill 165, to establish a medical marijuana access program for qualified patients with a physician’s recommendation to access medical marijuana from licensed retail outlets. Your Highness, Carly. Actions to Take.

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Legislation Access Patients THC 193

Illinois News Joint

OCTOBER 9, 2023

Provide that no person shall cultivate or grow hemp for commercial purposes unless licensed by the Department of Agriculture and subject to the rules of the Department. Provide that the Department of Agriculture may not limit the number of hemp farm licenses. Provide that hemp farms may not create hemp extractions without a processor license.

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Hemp Cannabinoids Safety Retail 105

MMJ Recs

JUNE 1, 2024

It’s a development that promises to streamline operations for cannabis delivery companies and enhance accessibility for patients. Notably, SB 1186 , known as the Medicinal Cannabis Patients’ Right of Access Act, expands access to medical cannabis delivery services in communities that would otherwise prohibit them.

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Veriheal

MARCH 10, 2021

Furthermore, legal access to retail cannabis dispensaries is not expected until 2024 or later. Medical patients have access or, should I say, very limited access to low potency cannabis in the state. Retail consumers have absolutely no access at this time. Retail consumers have absolutely no access at this time.

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Cannabis Law Report

MAY 13, 2022

Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022. Up to $150 million one-time General Fund is available as needed through 2025-26 to backfill Allocation 3 funding, along with the authority to increase the excise tax rate through 2024-25 if tax revenues fall below the baseline for Allocation 3.

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Cannabis Law Report

FEBRUARY 19, 2022

The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses. The law provides for at least 20 to 40 dispensary licenses (there are currently 33) and four to eight cultivation facility licenses.

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Cannabis Law Report

JANUARY 4, 2022

Over $140 Million in Revenue Expected Over the First Three Years of Cultivation and Over $400 Million in Total Revenue Projected for the 10-Year Term of the Agreement. Gold Leaf is one of only 22 licensed centers and one of only 16 active operators in Florida, and the organization is planning to open 20 dispensaries in the state by 2024.

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Veriheal

OCTOBER 27, 2023

As a result, Thai residents have gained access to many new jobs in cannabis hospitality, retail, and cultivation. Outside of these legislative chambers, advocates are pushing to expand psychedelic access in the state through two ballot initiatives. The two initiatives are being proposed for the November 2024 ballot.

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Decriminalization Treatment Therapy Legislation 62

Veriheal

OCTOBER 9, 2020

Despite cannabis remaining against the law on a federal level, many states have been allowing the sale, cultivation, and consumption of cannabis, with more states joining all the time. Mississippi is on the verge of seeing legal access to medical cannabis. Arizona Has its Sights on Recreational Cannabis.

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Cannabis Law Report

AUGUST 12, 2022

Germany currently represents the largest medical cannabis market in Europe , with a total addressable market of over €200M in 2022 and expected to grow to nearly €1bn by the end of 2024 via adult-use legalization, which is slated to begin in late 2023 or early 2024.

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Patients Business Cultivation Cannabis 52

Peninsula Alternative Health

JUNE 12, 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. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024.

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Peninsula Alternative Health

JUNE 12, 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. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024.

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Cannabis Law Report

AUGUST 24, 2021

NASDAQ: FLGC) (“Flora” or the “Company”), an all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced it has closed the previously announced € 2M (two-million Euros) investment in Hoshi International Inc. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. of the market. billion by 2028.

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Veriheal

MARCH 31, 2022

Kathy Hochul signed legislation establishing a conditional cultivation and processing recreational licensing structure. Murphy is also “open-minded” to permitting a home cultivation option for consumers in the foreseeable future. Licensed cultivators will be limited to growing 43,560 square feet of flowering canopy outside.

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Veriheal

DECEMBER 7, 2022

Based on federal law, anyone who cultivates, sells, consumes, possesses, distributes, or transports the plant will face criminal prosecution in federal court. By 2024, analysts predict the figure will rise to $7.2 But how do California’s cannabis businesses conduct day-to-day operations in a world of contradictory laws?

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SpeedWeed

SEPTEMBER 8, 2021

million in cultivation tax and $1 billion in state sales tax during the course of the past 3 1/2 years. When California’s Control, Regulate and Tax Adult Use of Marijuana Act went into effect, the state began collecting a 15% excise tax, a sales tax and a cultivation tax on cannabis. There’s probably a lot of waste in access costs.

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Collective Programs Supply Chain Cultivation 88

Veriheal

FEBRUARY 1, 2022

Under this legislation, adults over the age of 21 are able to possess and cultivate cannabis for their own personal use. However, the legislation did not put forth the requirements to provide commercial access to products until 2024. Virginia is making slow and steady progress in the area of drug policy reform.

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SpeedWeed

JUNE 6, 2021

The bill would also make it legal to cultivate and transport psilocybin mushrooms or spores, but anyone caught manufacturing LSD or other chemically-derived hallucinogens could still be subject to prosecution. This group would be required to submit these recommendations by January 1st, 2024.

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Cannabis Law Report

AUGUST 19, 2021

The Thai government has adopted a protective stance toward Thai stakeholders-especially during the first stage of cannabis legalization, which runs until 2024. The Narcotics Act (No. 1) took effect, declaring cannabis and hemp category 5 narcotics. January 1, 2018. August 7, 2019. December 14, 2020. January 29, 2021.

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Hemp Business Research and Development Sativa 105

Cannabis Law Report

DECEMBER 31, 2021

We consistently strive to deliver the highest quality product at an accessible price and look forward to bringing more of our branded products to the Pennsylvania patients in 2022.”. Pennsylvania is a robust and growing medical market with over 680,000 patients, 140 licensed dispensaries, and 29 licenses cultivators/processors.

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Cannabis Law Report

SEPTEMBER 16, 2022

The program is a “limited license” regime, under which a set number of vertically integrated “Medical Marijuana Treatment Centers” are licensed to cultivate, process, and dispense cannabis to qualified patients. Like Florida, Arkansas is a limited license regime. Arkansas dispensaries began serving qualified patients in 2019.

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Cannabis Law Report

JULY 16, 2019

hemp growers access to premium and exclusive high-CBD, low-THC cultivars. CBD market to exceed $20 billion by 2024. federal law requires that tetrahydrocannabinol (THC) levels in hemp crops be below 0.3%. The Company, along with its genetics partners, intends to offer U.S. It is anticipated that Segra’s U.S. About Segra International.

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Cannabis Law Report

JUNE 18, 2021

Home cultivation will first be allowed for medical cannabis patients, then for adults 21 and older. The number of licensed cannabis retailers is limited to one per 25,000 residents until June 30, 2024, then state regulators will set a new maximum. 1201 will take effect July 1, at which time possession of up to 1.5

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Medicinal Genomics

JANUARY 10, 2024

Since then, CannMed has transformed into an industry event that attracts the brightest minds in cannabis science, medicine, cultivation, and safety testing. We share videos of all the CannMed presentations for free in the CannMed Archives because we believe access to quality information should not be limited.

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Cannabis Law Report

SEPTEMBER 22, 2022

SB 1326 adds Chapter 25 to the Business and Professions Code and allows for interstate cannabis commerce from California to and from other states that recognize the legality of cannabis cultivation, production, distribution and/or possession. SB 1186– Medicinal Cannabis Patients’ Right of Access Act.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Moreover, starting January 1, 2022, retail marijuana hospitality and sales business will be required to install and use a safe in a limited access area to be “incorporated into the building structure or securely attached” for overnight storage. and 7:00 a.m.; (2) Incomplete applications may be rejected and require re-submission.

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Marijuana Consumption Retail Business 76

Cannabis Law Report

JULY 12, 2021

billion in global spending by 2024, which will be a 300% increase from 2019, according to a report from Arcview Market Research & BDS Analytics. Ranging from a minority tenant in a strip mall to a triple net (NNN) lease on an industrial cultivation facility, cannabis is everywhere right now.”.

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SpeedWeed

MARCH 10, 2021

In that case, you can translate that knowledge into a successful delivery service, or if you have experience in agriculture, perhaps your skills are best fit to cultivate the plant as a grower. Cultivation (indoor and outdoor). economy by 2024. For example, suppose you have a strong background in supply chain. Delivery services.

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Canna Law Blog

OCTOBER 28, 2019

However, AB 37 will provide at least some tax relief to California cannabis businesses (from 2020-2024). And at the federal level, cannabis businesses suffer constantly under the heavy weight of I.R.C. ” Vape Cartridges and Pens.

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Research and Development Programs Retail Vaping 56

Cannabis Law Report

JANUARY 9, 2022

The state’s medical cannabis program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. The legislature and governor had legalized personal possession and cultivation only in 2018. Regulated sales are scheduled to begin on May 1, 2022. Arizona (pop.

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Cannabis Law Report

SEPTEMBER 8, 2019

billion in cannabis spending by 2024. projects as the leading marijuana market in the world by sales in 2024. marijuana spending by 2024. Thus, Cresco Labs’ purchase of Origin House will give it access to more than 500 Californian dispensaries, and over 700 nationwide. billion by 2024. billion by 2024.

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Canna Law Blog

NOVEMBER 16, 2022

However, when the majority of cities and counties end up banning cannabis businesses, the illegal market rages on and legal access becomes a problem. 10 cultivation (indoor or mixed light only). Cultivation : $7/sf of canopy (indoor artificial light). $4/sf Cultivation : $10/sf of canopy (indoor artificial light). $7/sf

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