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Yet, missing from these debates was one critical topic: the future of medical cannabis and protections for patients. As we head toward the 2024 election, it’s clear that cannabis policies will shift in the next Congress, impacting the lives of patients and families across the nation.
Illinois officials recently released the Annual Cannabis Report for Fiscal Year 2024. These rules bring further clarity and transparency to IDFPR operations by laying out policies and procedures in a clear and concise way. Find detailed information about this topic here.)
Currently, the program only allows for tablets, capsules, liquids, topicals, vaporizable products (not raw flower), and suppositories. The board created policy recommendations , including licensing more state dispensaries, exempting medical cannabis products from sales tax, and providing more oversight on telehealth providers.
Colorado recently passed legislation allowing for “healing centers” utilizing shrooms to start opening as soon as 2024, and Oregon is trending in a similar direction. There is hope for the future, but rescheduling MDMA and subjecting it to rigorous testing and policy considerations are still necessary steps.
Topical hemp products can only legally be sold if they feature a label confirming that they are “not intended for human consumption,” with businesses being forced to pay a daily $500 fine for violations. Lawmakers have proposed a 2024 target date for legal sales to finally commence.
In the meantime, employers will be tasked with doing a thorough review of their current drug testing policies. Even so, the NI says the self-study, along with various other reports, is enough to conclude that this topic deserves further research. The bill goes into effect on Jan.
We’re encouraged that SB711 has been advanced by the Judiciary Committee,” said DeVaughn Ward , who serves as senior legislative counsel for the Marijuana Policy Project. The final stage would see the governor put his signature on North Carolina’s medical cannabis bill.
The Hall Act restricts legal usage to that of cannabis products (not hemp) that can be ingested – for example, by tablet or non-sugarcoated gummy – topical products, suppository, transdermal patch, or by nebulizer. The Hall Act expressly does not allow for the use of cannabis products that are smoked or vaped, baked goods, or candies.
The 2019 edition of the Hemp and CBD Industry Factbook released figures that show retail sales of CBD topping $1 billion this year, and predicted that number could hit $10 billion by 2024. Cannabis research was also a big topic. But there are some hiccups on the way to that big number.
State legislators in 2021 enacted over 50 laws liberalizing marijuana policies in more than 25 states, according to a report issued today by the National Organization of the Reform of Marijuana Laws (NORML). These policies are popular among voters, regardless of political party.”. FULL REPORT. DECRIMINALIZATION.
This blog post will discuss the rulemaking timeline and provide updates regarding policy recommendations from the five subcommittees. OHA will conduct rulemaking on those topics in September 2022 and rules will go into effect on December 30, 2022. Rulemaking Timeline. Equity Subcommittee. Training Subcommittee Updates.
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. Law Enforcement Subcommittee.
The first topic we’ll cover is how to start a cannabis business, including tips on location, cost, and long-term success in cannabis. Every city, town, and municipality in the country has its own unique set of policies. economy by 2024. This article is the first in a series called, “So you want to start a canna biz?”
Derivatives being nondried flower product, such as edibles, vapes, infused beverages, topicals, and concentrates. California), and the state projected to lead in per-capita spending by 2024 (Nevada), it’s a good bet to be profitable. The Motley Fool has a disclosure policy. IMAGE SOURCE: GETTY IMAGES. million today.
Although the amendments represent an unprecedented level of support for pro-cannabis policies in the House, a similar level of support in the Republican-controlled Senate is unlikely. The Federal Aviation Administration issued a bulletin clarifying its cannabis and CBD policy for pilots. billion in 2024, nearly triple the US$14.9
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.
US$345 million of senior unsecured convertible debentures due February 2024. Cannabis extracts revenue includes cannabis oils, capsules, softgels, sprays and topical revenue. (2). 162 million of fully drawn senior secured term loans. Q2 2020 Key Financial and Operational Metrics. ($ thousands, except Operational Results).
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. And also this post from February, where I explained why this should be coming in 2024. Speaking of license caps, last month a RAC convened on the topic.
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. And also this post from February, where I explained why this should be coming in 2024. Speaking of license caps, last month a RAC convened on the topic.
The internet is a badlands of misinformation on cannabis law and policy. These tidy summaries cover cannabis law and policytopics, and related effects. Fortunately, a number of think tanks exist with strong output on the topic. In that case, there are a handful of good legal blogs out there on cannabis law and policy.
The comment submission deadline is July 22, 2024. All comments must be submitted electronically or postmarked on or before 11:59 ET on July 22, 2024. All hearing requests must be postmarked on or before July 20, 2024. Marijuana Policy Project, for example, has a template letter you can edit and submit here.
Proposition 64, passed a few years later, lacked any discussion addressing the damage caused by past policies. However, with social equity becoming a prominent topic in the cannabis industry, California officials have started investing significantly in social equity policies.
It’s also not defined in the 2020 National Credit Union Administration Guidance on banking hemp-related business (“HRB”s) (which we helped create) or the 2020 FinCEN Guidance on that related topic. Beneficial ownership reporting is a core banking requirement, with a new rule coming down the pike January 1, 2024, in fact.
Griffen’s article is just one of many parsing the language of the 2018 Farm Bill and a 2023 DEA letter on the topic. Big retailers have always pushed cannabis policy in Oregon, for better or worse ; but this is one where everyone probably agrees. You probably don’t want to read all of that today.
In early 2024, a bill was signed by Kentuckys Governor to expedite the cannabis licensing process ahead by six months so the new medical cannabis market launch could also happen sooner. These applications flooded in during the two-month window for applying that ended in October of 2024. When Will Recreational Cannabis Be Legal in KY?
Not only does he depict a way forward in progressive politics for a traditionally conservative area, but he also shows that such policies can benefit people from a wide variety of backgrounds. As the last denizen of the “outlaw country” era, Nelson is a figure of a piece of American history that is, unfortunately, long gone.
As policies become more data-driven and progressive, cultivation and production technologies have continued to improve drastically over the past several years. Virginia also legalized cannabis in 2021, but residents can expect to wait until 2024 before they can purchase cannabis products. each year since 2019.
In my view, Haley is sitting in a pretty typical Republican spot for 2024, which can be summarized as “states’ rights are best for marijuana” but “it’s not a federal priority.” Her campaign website is also silent on cannabis policy (and every other policy). Most likely, Haley hasn’t thought all that hard about cannabis policy.
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