Illinois News Joint

DECEMBER 17, 2024

INCREASING DIVERSITY Illinois cannabis program is unique in that it centers diversity and equity. In the absence of federal banking standards for the cannabis industry, the Illinois Department of Commerce and Economic Opportunity (DCEO) has grant and loan programs to support small businesses, but its not sufficient to support needed growth.

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Veriheal

NOVEMBER 6, 2023

Despite this massive shift in cannabis policy, however, a few states are still dragging their feet on cannabis legalization. Further, after several failed attempts to legalize medical cannabis, there’s is finally enough steam to put an initiative on the state’s 2024 ballot. Possession of up to 1.5 year prison sentence.

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NORML

MARCH 14, 2020

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. Legislation is pending, HB 2097 / SB 2024, which would authorize licensed medical cannabis facilities to sell edible products.

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Veriheal

JUNE 12, 2023

Thanks to a change in policy, should these NBA players decide to partake in a toke of one of these strains in the future, it may not come with the risk of losing their contracts, careers, or any other penalty for that matter. With a second violation, players face a $25,000 fine and in-patient or aftercare treatment in the Marijuana Program.

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Illinois News Joint

OCTOBER 9, 2024

Last week, Illinois officials released the Annual Cannabis Report for Fiscal Year 2024. This development harkens back to the ‘compassion’ in the original Compassionate Use of Medical Cannabis Program Act and underscores the importance of never losing sight of the patients who were the foundation of this industry.”

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Illinois News Joint

JULY 10, 2024

The press release stated, “This milestone was achieved nearly two weeks faster in 2024 compared to 2023, when the $1 billion sales mark was not reached until July 10. Additionally, Fiscal Year 2024 saw total cannabis sales exceed $2 billion, which represents an increase from Fiscal Year 2023 ($1.9 billion) and Fiscal Year 2022 ($1.8

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The Blunt Truth

JANUARY 5, 2022

Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. At that time, many employers will be prohibited from taking certain actions in the absence of clear policies addressing marijuana use or evidence of impairment. Now is no different.

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Veriheal

NOVEMBER 28, 2022

These new measures will take time, and it is estimated that recreational products will not be sold until 2024 or even 2025. Missouri will create a lottery system to provide licenses and certificates and impose a 6% tax on cannabis to benefit certain programs. North Dakota passed a medical marijuana program in 2016.

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Veriheal

SEPTEMBER 9, 2021

” This fee — which is designed to support social equity programs — is required to convert up to three medical cannabis dispensaries into dual medical-recreational facilities. However, it’s important to note that — according to the Marijuana Policy Project — each applicant would be required to pay a fee of $3 million.

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Illinois News Joint

APRIL 27, 2024

Bell teaches Cannabis Law & Entrepreneurship in SLU’s Cannabis Science and Operations program. Bell’s academic work focuses on cannabis business law, policy, and the expansion of cannabis legal education. 3:30 p.m. – Marialle A. is a business attorney and an Adjunct Instructor at Saint Louis University.

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SpeedWeed

SEPTEMBER 8, 2021

million in total program tax revenue, according to the California Department of Tax and Fee Administration (CDTFA). Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 million in total program tax revenue during the second quarter represents a 9.3%

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Veriheal

APRIL 3, 2024

The program is set to launch in the fall of 2024, and it intends to offer students a humanities and social science-based approach to all things psychedelics. The minor is a bachelor of arts program encompassing 12 total credits. It’s tailored for students interested in exploring past and contemporary uses of psychedelics.

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Cannabis Law Report

FEBRUARY 19, 2022

These states haven’t made major headlines for their progressive cannabis policies, but together they constitute a major market that has, nevertheless, dipped its toe in the water. Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law.

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Cannabis Law Report

AUGUST 18, 2021

The Hall Act establishes the Alabama Medical Cannabis Commission, which will, among other things, implement a medical marijuana program in the state and provide an annual report to the state legislature about the implementation of the law. New Mexico. Since June 29, 2021, adult recreational use of marijuana has been legal in New Mexico.

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Cannabis Law Report

JANUARY 9, 2022

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Colorado has a robust medical program, with about 1.6% Legalizing cannabis for adults has been a wise investment. of the population enrolled.

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Cannabis Law Report

MAY 13, 2022

We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition.

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Cannabis Law Report

MAY 16, 2022

Despite the tax cut, a recent analysis found that removing the cultivation tax would actually increase overall tax revenue from cannabis sales by 123 percent by 2024 due to an expected increase in sales.

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Cannabis Law Report

JULY 29, 2022

Of note: The move comes as Denver leaders are rolling out a 10-week social equity and technical assistance training program for aspiring entrepreneurs in the cannabis industry. Yes, but: Industry insiders overwhelmingly agree that the proposed policy is “creative,” and significantly better than the status quo.

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Veriheal

MARCH 1, 2024

Ohio’s medical cannabis program officially launched in 2018. Effective March 4, 2024, all medical-card-related fees in Ohio will be drastically reduced to just one penny. Since then, any state residents wishing to obtain or renew a medical marijuana card were subject to a $50 fee paid annually.

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The Joint Blog

JULY 20, 2020

This appears to be the first time a hemp market advisor has been appointed to formally guide federal policy since the crop was legalized under the 2018 Farm Bill.” “Latner and other members newly appointed to this and other panels focused on additional categories of goods will serve until 2024, USDA and USTR said in notices.”

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SpeedWeed

AUGUST 29, 2021

Initiative 25 is also referred to as the “Learning Enrichment and Academic Progress Program,” or LEAP , and is proposing a three percent increase in recreational cannabis taxes starting in 2022. If approved, it would further increase the tax to five percent by 2024. percent, it would be green-lit for ballot certification.

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Veriheal

AUGUST 10, 2023

The Maryland Hemp Coalition, hemp farmers, and other hemp-related businesses have filed a suit, challenging Maryland’s new recreational cannabis licensing policy, which they say favors only a special handful of businesses. 1, 2024, or later. The plaintiffs in the lawsuit are Gov.

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Cannabis Law Report

NOVEMBER 4, 2021

This blog post will discuss the rulemaking timeline and provide updates regarding policy recommendations from the five subcommittees. These liaisons present equity subcommittee recommendations and participate in discussion to ensure that all subcommittees actively consider equity in their policy recommendations. Rulemaking Timeline.

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SpeedWeed

APRIL 30, 2021

“With about 30 days left in the legislative session, we are so pleased to see the Texas House advancing meaningful changes to our state’s marijuana laws,” said Heather Fazio, director of Texans for Responsible Marijuana Policy, to Marijuana Moment. Now the focus shifts to the Senate, which has historically been a steep uphill battle.”.

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LifeCannMD

JULY 8, 2021

economy by 2024. Though the league is not changing its marijuana policy, as part of a collective bargaining agreement, the NFL’s drug testing policy has also finally changed. Under the new policy, players will not face the possibility of being suspended from games over positive marijuana tests.

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Cannabis Law Report

OCTOBER 10, 2021

The fund’s mission is to deploy its total capital by 2024. However, many programs have failed due to the lack of access to capital, business spaces and technical support provided to this demographic. The fund will draw attention to the lack of social equity, capital and investment opportunities within the field.

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Cannabis Law Report

JANUARY 3, 2022

Seyfarth Synopsis : Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. At that time, many employers will be prohibited from taking certain actions in the absence of clear policies addressing marijuana use or evidence of impairment.

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SpeedWeed

JULY 20, 2021

Maryland state lawmakers announced last week that the legislature will turn to the voters on the issue of cannabis policy reform by placing a marijuana legalization measure on the statewide ballot next year. Maryland House of Delegates Speaker Adrienne A.

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Veriheal

JANUARY 11, 2021

States that have had long-standing medical cannabis programs have allowed their local businesses to build better infrastructure, to try and test operation plans and to make mistakes before these newer application processes. . This issue isn’t new. billion in labor income.

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Peninsula Alternative Health

JUNE 12, 2023

This agency will build upon the existing medical cannabis program regulations and ensure health, safety, and security within the industry. What impact does adult-use legalization have on the medical cannabis program? The new adult-use legislation does not directly affect the medical cannabis program in Maryland.

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Peninsula Alternative Health

JUNE 12, 2023

This agency will build upon the existing medical cannabis program regulations and ensure health, safety, and security within the industry. What impact does adult-use legalization have on the medical cannabis program? The new adult-use legislation does not directly affect the medical cannabis program in Maryland.

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Cannabis Law Report

JUNE 18, 2021

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. The law also creates $50 million in bonding for the cannabis business accelerator program, workforce training developed by the Social Equity Council, and start-up capital for equity applicants.

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SpeedWeed

MARCH 15, 2021

For more information, check out this bulletin on marijuana tax policy in Connecticut. Learn more on the state’s Medical Marijuana Program website. Adult use retail: Montana’s adult use program, which is projected to launch in 2022, will include a 20% marijuana excise tax. Marijuana tax rates in Connecticut.

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Cannabis Law Report

AUGUST 11, 2022

An Oregon legislative task force established pursuant to HB 3000 (2021) and SB 1564 (2022) is developing policy proposals for 2023 relating to intoxicating cannabinoid products, illegal cannabis production, and water rights issues. THC concentration threshold, but still contain enough THC per milligram to make the product intoxicating.

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Cannabis Law Report

SEPTEMBER 10, 2022

If adopted, these proposals would dramatically reshape Oregon’s hemp industry and implicate the entire national market, and create new classes of crimes and increased penal sanctions for illegal marijuana production in Oregon that may mark a larger national reversion to war-on-drugs policies and mentalities.

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Cannabis Law Report

AUGUST 4, 2021

from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Second investment grade credit rating from Fitch Ratings after the one secured with Moody’s last year.

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Canna Law Blog

SEPTEMBER 12, 2024

OLCC’s 2024-2028 Strategic Plan A draft of the 2024-2028 Strategic Plan was first circulated at a Commission meeting in June, and finalized and published sometime last month. License reassignment program Finally. And also this post from February, where I explained why this should be coming in 2024. See you soon.

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