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IDFPR cites the explosive growth by stating that 82 new dispensaries open for business in the last year, the single-largest expansion of cannabis dispensaries since the program first started with the Compassionate Use of Medical Cannabis Program Act (CRTA) in 2014. Find detailed information about this topic here.)
Fortune Sing Up Akerna CEO On Same Day It’s Revealed How Much Washington Taxpayers Have Spent On Leaky Seed To Sale Tech. Washington state is scrapping its contract with a third-party, marijuana seed-to-sale traceability provider in favor of a more simplified system developed in-house, a first for any state cannabis program.
This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. Your Highness, Carly. AL resident?
It has been a few years since the wheels began turning on the legalization and sale of medical marijuana in the state of Missouri. Even though laws were put into place that legalized MMJ and made it possible for qualifying patients to access the medication, dispensaries and sales had not yet come into play.
Cannabis businesses in the state of Oklahoma have 90 days to become compliant with the state’s seed-to-sale (S2S) tracking system. Since the filing of this lawsuit last year, businesses have not been required to comply with any type of seed to sale tracking. Cannabis and Oklahoma: A Brief History.
Welcome to the latest edition of NORML’s Weekly Legislative Roundup! As the first full week of the 116th Congress comes to a close, we have another new federal bill introduced by Rep. Earl Blumenauer (D-OR). Also, the rollout of the new leadership team of the Congressional Cannabis Caucus was announced. Your Highness, Carly. Priority Alerts.
Amendment 2, which became effective on December 6, 2018, legalizes marijuana for medical purposes, allows home growing, and imposes a 4% marijuana sales tax. First, Missouri implemented a seed-to-sale system which added many unnecessary layers between growing the plant and selling product to patients. million votes.
New Jersey lawmakers have come to an agreement with Governor Murphy regarding retail marijuana tax rates, settling on charging sales tax by weight as opposed to a specific percentage. Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Your Highness, Carly. Actions to Take. AZ resident?
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review. You can access the report here. About Akerna.
Welcome to the latest edition of NORML’s Weekly Legislative Roundup! At the state level, North Dakota state Rep. Roers Jones, who sponsored the recently defeated decriminalization bill, is trying to get her language inserted as a part of separate legislation. Your Highness, Carly. Actions to Take.
Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. The aspect of track-and-trace with the biggest potential for disaster isn’t the fact that it’s so complex, but rather the fact that loss of access to the system could be devastating for licensees.
Tracebility was and is the tracking of Cannabis and Cannabis-infused items and products from “see d to sale”, as directed to Washington and Colorado per the Cole Memo issued in August 2013. We would find that occasionally, a “lot” would disappear from the ready for sale portion of our cash register computers.
There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team.
While it is enticing to start a hemp or CBD business in Nevada, there are several steps that must be followed in order to start your business legally. While there are some exceptions, the overwhelming majority of businesses will need to follow this step. Generally, most businesses will need and EIN.
A group of Colorado lawmakers wants to increase oversight of the state’s marijuana businesses, but the cannabis industry is ready to fight the proposal. The bill requires future contracts for the seed-to-sale tracking system to be awarded pursuant to a transparent, online, and dynamically competitive process. BILL SUMMARY.
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Understanding these trends is vital for businesses to effectively meet consumer needs and stay competitive in the market.
He is energized by the prospect of legalizing interstate cannabis sales as a way to benefit farmers in his state. He is energized by the prospect of legalizing interstate cannabis sales as a way to benefit farmers in his state. ” The Benefits of Legalizing Interstate Cannabis Sales.
Under the supervision of the Executive Director of the Georgia Access to Medical Cannabis Commission. The Regulatory Compliance Manager shall ensure active managerial control of quality control risk factors, mandatory reporting protocols are being followed, and the tracking of product is maintained from seed to sale or proper destruction.
Washington processors are allowed to add Hemp-CBD to marijuana products so consumers, over the age of twenty-one, can still access Hemp-CBD by going to marijuana retailers. According to the WSDA, Hemp-CBD is not approved as a food ingredient. Note that the WSDA’s memo does not apply to Washington’s regulated marijuana market.
Twitter is still an important channel for cannabis businesses and cannabis-related businesses to indirectly market their products and services. adults who use Twitter access it at least once per day, making it an active platform to showcase your brand. It’s highly effective to boost brand awareness, loyalty, and even sales.
It’s no secret that California’s illicit cannabis market is alive and well; a recent audit showed that there are nearly 3,000 unlawful cannabis businesses in the Golden State. Just consider how many days it takes to get from seed to harvest, and this fine could get into the millions very quickly.
A cannabis consultant is someone who plays an especially important role for those looking to open a cannabis business but lack experience in certain areas. Today a cannabis consultant does more than just help set up, operate, and/or maintain the cultivation side of a cannabis business.
–(BUSINESS WIRE)–International cannabis brand Cookies today announced the debut of new top-shelf concentrate and flower product lines at the Cookies Tacoma retail location, with statewide availability coming soon through an exclusive partnership with expert extraction company Edgemont Group , maker of Full Spec and Leafwerx products. .–(BUSINESS
The ELEVATE Platform System is a robust yet lightweight and portable deck that allows cultivators to access PIPP’s Multi-Tier Mobile Grow Racks quickly, efficiently, and most importantly – safely. “As The post Pipp Horticulture Introduces New ELEVATE™ Platform System – Cannabis Business Executive appeared first on SpeedWeed.
Fast-Growing Startup Secures Strategic Multi-Million Pre-Seed Investments from Executives at Blue Apron, Kellogg’s, USDA and others. The company also announced $1.75mm of strategic pre-seed funding from current and former leaders at several top companies and government agencies including Blue Apron, The Kellogg Company, USDA and more.
Mr. Richards focuses his practice on representing individuals and businesses in tax audits & trials, M&A, in managing tax debt, and he advises cannabis companies, owners and investors regarding tax and regulatory compliance matters. and her ability to help cannabis, hemp and CBD related businesses navigate the legal landscape.
HB2430 provides “that the Department of Agriculture shall adopt rules to establish cannabis nursery licenses that allow for the sale of cannabis seeds, seedlings, and cuttings to registered qualifying patients under the Compassionate Use of Medical Cannabis Act for the purposes of home cultivation, subject to specified provisions.
Although there is no excise tax on medical cannabis, there is a medical cannabis special privilege tax of 4% of the gross receipts or gross proceeds derived from the sale of usable cannabis to be collected by cultivation facilities, dispensaries, or other cannabis businesses and remitted to the Department of Finance and Administration.
–(BUSINESS WIRE)–International cannabis brand Cookies today announced its long-awaited expansion to the East Coast in partnership with New Día , LLC in Worcester, Massachusetts. The Partnership with One of the State’s First Economic Empowerment Applicants Represents Cookies’ Commitment to Promoting DEI in Cannabis. About Cookies.
In 2016, Florida voters overwhelmingly voted in favor of a ballot initiative intended to expand medical marijuana accessibility to patients diagnosed with a “debilitating condition,” which is now embedded in Article X, Section 29 of the Florida Constitution (the “Medical Marijuana Amendment”). Florida Department of Health, et al. 1D18-4471 ).
In rain, sleet, or snow, on probation and/or with a suspended license, dealers were there for you when you were just starting out, when you didn’t know where to score weed, and when cannabis was far from being legalized. Cannabis customers deserve better. There’s a 15% excise tax on cannabis products plus 8.5%
However, access to medical cannabis is not the same across states. Medical cannabis helps millions of patients across the U.S. According to the Marijuana Policy Project , more than 4.3 million Americans have medical cards. That’s almost 2% of eligible persons in states where medical cannabis is legal, as of December.
Under the supervision of the Executive Director of the Georgia Access to Medical Cannabis Commission. The Regulatory Compliance Manager shall ensure active managerial control of quality control risk factors, mandatory reporting protocols are being followed, and the tracking of product is maintained from seed to sale or proper destruction.
The first topic we’ll cover is how to start a cannabis business, including tips on location, cost, and long-term success in cannabis. While it may seem like state legalization is a green light for cannabis businesses to open up on every corner, it’s not quite that simple. Which cannabis business model is right for me? .
The Minority Cannabis Business Association (MCBA) recently released the first National Cannabis Equity Report , a 39-page document that explores the social equity programs within the 36 states that have legalized medicinal or recreational cannabis. It’s not a new problem, nor a problem limited to cannabis. The four pillars of equity.
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. Academic Researcher Access Academic researchers will be allowed to register with the state in order to make purchases from dispensaries for research purposes.
Give 365 Cannabis’ 85+ customers, including Pharmacann, Nectar, Revolution, Sundial, and Kiaro, access to Akerna’s compliance gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect. “The We’re thrilled for this acquisition to be finalized and to officially be a part of the Akerna family of brands.
The top-scoring 60 cultivation facilities, 192 dispensary facilities and 86 medical marijuana-infused manufacturing facilities will be initially licensed for business in Missouri. Moving forward, we will continually reassess to ensure access for patients is adequate.” Until then, draft rules are subject to change.
Cannabiz Media’s new research report – Cannabis Software Stack – has been published and provides critical insights about seed-to-sale and point-of-sale software license opportunities (i.e., Contact the Cannabiz Media team at sales@cannabiz.media to get a copy of the full report. Your submission has been received!
Colombian President Ivan Duque Marquez has signed a new law that would allow a much larger amount of dry flower to be exported from the country, after a high-profile meeting of Colombian cannabis business leaders with US-listed public companies. ” Columbia Decree. ” Columbia Decree. The advertising prohibition has been lifted.
Commissioning Lowell Farms Services, a new business unit serving California cultivators with midstream processing services. EST. Registration can be accessed at [link]. Facility capable of processi ng 250,000 lbs. of w holesale cannabis flower annually. Brings additional diversity and volume capacity to our consumer brands.
As a result, several creative businesses have popped up, operating in the grey area of the law, to meet the distribution needs for District residents. Once the account is created, customers have access to the art gallery offerings and corresponding gifts. In this case, though, the creativity comes from a cute canine named Sudo.
WORCESTER—Today the Cannabis Control Commission (Commission) announced adult-use Marijuana Establishments in Massachusetts surpassed $3 billion in gross sales , according to the information that licensees report in the state’s mandatory seed-to-sale tracking system and is publicly available through the Commission’s Open Data Platform.
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