Illinois News Joint

MARCH 21, 2023

Ford , “Provides that premises may be shared between up to 3 craft growers, an infuser organization, a cultivation center, a dispensing organization, or any combination thereof, provided that specified requirements are met.” House Bill 0025 , also sponsored by Ford, “Raises specified square footage requirements for craft growers.

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Cannabis Law Report

JULY 11, 2022

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.

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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. They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. billion, which includes $1.4 Bringing in $40.4

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Veriheal

MAY 4, 2023

These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. at the end of 2020. billion) by 2027.

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Cannabis Law Report

JANUARY 9, 2022

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 From February 2017 through August 2021, the local taxes collected totaled $86.1 The city of Denver, for example, applies an additional 5.5%

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Veriheal

SEPTEMBER 9, 2021

Collectively, the four aforementioned newly legal states are projected to earn $4.5 Medical cannabis cultivators who currently operate in the State of Connecticut could apply for a recreational license as early as this summer. Municipalities that permit recreational cannabis sales would also collect a 3% sales tax.

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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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Veriheal

JUNE 12, 2023

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.

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Veriheal

SEPTEMBER 21, 2021

include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection. has 126 dispensaries and 22 cultivation facilities across 11 states. Apparently, the cannabis market is projected to reach over $63 billion by 2024. . The cannabis brands from Green Thumb Industries Inc. Canopy Growth Corporation.

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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. 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.

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Cannabis Law Report

MAY 13, 2022

Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022. 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. In addition, the Governor’s budget proposal includes a one-time allocation of $20.5

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Supply Chain Collective Retail Programs 52

The Blunt Truth

APRIL 20, 2021

Beginning on July 1, 2021, the Virginia Cannabis Control Act (CCA) will allow those 21 years of age or older to possess up to one ounce of cannabis and to cultivate up to four cannabis plants per household for personal use. Retail sales will not begin until January 1, 2024. Next Steps for Employers.

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Cannabis Law Report

AUGUST 18, 2021

With regard to represented workers, the CRA does not “invalidate, diminish or otherwise interfere with any collective bargaining agreement” or the bargaining powers of any party to a collective bargaining agreement. The retail sale of marijuana in Virginia, however, will not begin until January 1, 2024. Philadelphia, PA.

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SpeedWeed

SEPTEMBER 14, 2021

The new law legalizes cannabis possession up to one ounce, as well as cultivation of up to four personal plants per household, but requires that the grower tags their plants with their driver’s license/ID and a note saying that they are being grown for personal use. In July and August of 2020 , there were 257 arrests.

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Legalization Data Law Cannabis 66

Veriheal

JANUARY 21, 2025

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. This push led to significant changes, including the introduction of labor laws designed to safeguard worker rights.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Denver’s moratorium on licensing new medical marijuana stores and medical marijuana cultivation facilities will continue in effect upon signing of the omnibus bill. Prior to July 1, 2024, however, only medical or retail transporters who qualify as social equity applicants may perform the act of delivery to consumers and patients.

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Marijuana Consumption Retail Business 76

Cannabis Law Report

FEBRUARY 8, 2020

The need for renewability, recyclability, and regulation is desperately required in all aspects of the cannabis production and process, from cultivation to end user. Dayna Stein closes with a powerful statement: “ Our business is truly about community building and taking collective action.”. billion cannabis industry.

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Cannabis Law Report

AUGUST 17, 2021

Simon, Tilray’s Chairman and CEO, said, “Backed by accelerating trends towards legalization globally, we are focused on building the world’s leading cannabis-focused consumer branded company with a goal of $4 billion of revenue by the end of our fiscal 2024. cannabis legalization (or Tilray’s waiver of such condition).In federal laws.

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Cannabis Law Report

AUGUST 18, 2021

Simon, Tilray’s Chairman and CEO, said, “Backed by accelerating trends towards legalization globally, we are focused on building the world’s leading cannabis-focused consumer branded company with a goal of $4 billion of revenue by the end of our fiscal 2024. cannabis legalization (or Tilray’s waiver of such condition).In federal laws.

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Peninsula Alternative Health

JUNE 12, 2023

The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024. What are the rules for purchase, possession, and home cultivation? Home cultivation products. Can I apply for a cannabis license? Usable cannabis products (e.g.,

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Peninsula Alternative Health

JUNE 12, 2023

The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024. What are the rules for purchase, possession, and home cultivation? ounces of cannabis flower, up to 15 grams of concentrate, and up to six cannabis plants per household for personal cultivation.

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Cannabis Law Report

SEPTEMBER 27, 2021

Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, is pleased to announce that it has closed the first tranche of its non-brokered private placement (the “Private Placement”), raising aggregate gross proceeds of US$5M. About Flower One Holdings Inc.

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Cannabis Law Report

DECEMBER 9, 2021

Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. The issuance of the Common Shares in lieu of cash is subject to the terms and conditions of the indentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the CSE.

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Cannabis Law Report

AUGUST 15, 2022

As the construction of Phase 1 of our Illinois cultivation and production facility nears completion, we are looking to expand our retail footprint in the state over the coming months in preparation for that facility to commence operations in 2023.”. million of related-party long-term debt not due until May 2024.

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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. In addition, attendees will be able to collect stamps from each exhibitor’s tiki stand to earn entry into a drawing for exclusive prizes.

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Cannabis Law Report

NOVEMBER 7, 2019

Beyond the attractive collection of strategic assets and intellectual property that Dr. Kingsley has assembled, I have taken this role because I share the Company’s ambitious vision for the future of cannabis. The second tranche of 2.5 million Incentive Warrants has an exercise price of US$3.81. The third tranche of 2.5

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SpeedWeed

MARCH 15, 2021

Additionally, dispensaries pay a 4% privilege tax when they purchase products from cultivators. . Wholesale: The excise tax on cultivators is $335 per pound of flowers, $94 per pound for trim, $1.50 Medical marijuana sales: Purchases are subject to the 6.5% Marijuana tax rates in California. except for edibles, which are taxed at 8%.

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Seed-To-Sale Marijuana Retail Programs 52

Canna Law Blog

AUGUST 13, 2022

In 2024, we may finally see adult use marijuana in Florida. After 25% of required signatures have been collected and sponsors submit a ballot title and summary to the Secretary of State, the Secretary of State then submits the proposal to Florida Attorney General. The initiative process. We will keep you posted.

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Canna Law Blog

NOVEMBER 16, 2022

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 The County notes that, regarding the max increases, the tax rates for cultivation will be adjusted annually to reflect inflation in 2027. 25 delivery.

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Canna Law Blog

JUNE 23, 2023

New York State’s recently passed 2024 budget includes many cannabis-related provisions, addressing enforcement, licensure, and penalties, with the goal of curbing the state’s illicit marijuana market. Several of the new enforcement tools at OCM’s enforcement disposal include: Issuing civil fines for unlicensed sellers.

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Concentrates Edibles Legislation Cannabis 98

Cannabis Law Report

MAY 28, 2022

Amid plummeting prices for cannabis “flower” in the Golden State, Santa Barbara County is likely to collect only $10.8 The tax structure approved by county voters in 2018 sets a four percent tax on gross sales revenues from cannabis cultivation, as reported every quarter to the county Treasurer-Tax Collector by the growers themselves.

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SpeedWeed

JULY 19, 2021

The new law legalizes simple possession and home cultivation for adults 21 and over, seals some marijuana-related records, and creates a new independent state entity, the Cannabis Control Authority (CCA), to regulate the cannabis market. Creighton of Richmond, Co-Founder, The Jackson Ward Collective Rasheeda N. Rasheeda N.

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Cannabis Law Report

AUGUST 30, 2019

Dubbed the the “Smart & Safe Arizona Initiative,” supporters of the effort must collect more than 237,645 valid signatures from voters by July 2, 2020, for the measure to be on the 2020 ballot. Advocates have until April 30, 2020, to collect more than 55,000 signatures. billion by 2024. International.

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SpeedWeed

JULY 19, 2021

The new law legalizes simple possession and home cultivation for adults 21 and over, seals some marijuana-related records, and creates a new independent state entity, the Cannabis Control Authority (CCA), to regulate the cannabis market. Creighton of Richmond, Co-Founder, The Jackson Ward Collective Rasheeda N. Rasheeda N.

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Research and Development Safety Legislation Cannabis 40

Kind Meds (Cannabis Education Blog)

FEBRUARY 7, 2022

Historical evidence suggests that humans worldwide have been cultivating and consuming cannabis for tens of thousands of years, but cannabis use has skyrocketed in recent years, especially in the US. Virginia also legalized cannabis in 2021, but residents can expect to wait until 2024 before they can purchase cannabis products.

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Canna Law Blog

AUGUST 30, 2023

High taxes , a staggering credit crunch and collections problems , receiverships , rampant local prohibition, overregulation by the state, and the raging illegal market are just a few. Further, a business could not have multiple cultivation permits on a single parcel. Here’s a copy of the initiative.

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Cannabis Law Report

JUNE 30, 2019

The Utah Department of Agriculture and Food (UDAF) is urging all companies that plan to apply for one of the limited number of licenses to cultivate medical cannabis in the state to start the process of obtaining the required background checks now. billion in 2024, nearly triple the US$14.9 billion estimated for this year.

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