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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.
Mertz , is being accused of civil theft and conspiracy for keeping hundreds of thousands of dollars from the sale of unhealthy hemp clones to a Colorado farm and then using that money to improve his hemp farm infrastructure so the two year old farm could be flipped and sold. In September, MTN Botanicals , based in Fort Collins Co.,
The CEO of Folium Biosciences, Kashif Shan, is accused of violating a cease and desist order issued by the Colorado Spring fire department who had attempted to shut down the company’s CBD extraction plant because a host of regulations and safety codes were being ignored by the company and its senior management team. Full Spectrum CBD.
Cannabis lawyers are heading to Brussels next week to challenge a recent decision by the European Union to reclassify food products containing cannabidiol (CBD) and prohibit their sale. In the case of CBD, this includes extracts, oils and other derived products that are intended for ingestion by humans. AUTHOR: Mark Taylor.
Seminars at the Chicago event will feature speakers from a variety of organizations, including Seed to Sale Funding, Allay Consulting, Grove Bags, GreenBroz, Agrify, Agro Lighting, Kush Masters, Specialty Testing Solutions, and more. . The educational sessions will cover everything from seed to sale. Extraction.
cannabis company Australis called off its reverse merger with Colorado-based CBD wholesale company, Folium Biosciences, this month stating their due diligence found new information that made them want to back-out of the deal. The SEC usually builds their case based on whistleblower witnesses and then formally subpoenas the company.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
With respect to CBD, Patagonia said it would be signing a contract with award-winning Colombian growers dubbed the “Buddah Twinz” after its directors led by in-country manager Miguel Serrano personally inspected a unique genetic seedbank, comprising of over 150 strains earlier this month. Bountiful hemp industry progress.
The Indian Landrace Exchange describes itself as a “collective of Indigenous frontline farmers, seed collectors, and preservationists” with the goal of supporting these communities economically while helping spread and preserve their landrace strains. Landrace seeds are harvested by hand in the local villages where the plants grow.
The cannabis-focused merchant bank has a blueprint to build a portfolio of 20 companies with $75 million that it has injected via loans. The merchant bank is also working to help Seattle-based Winterlife Inc go public in 2019. Quick facts: Redfund Capital Corp. Price: 0.085 CAD. Market: CSE. Market Cap: $4.27
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. They were actually on their third point of sale at that point in time. Kevin Hart: Thanks, Ed.
federal law protects the retail sale of hemp-derived CBD. . Furthermore, by redefining hemp to include its “extracts, cannabinoids and derivatives,” Congress explicitly removed popular hemp products – such as hemp-derived CBD — from the purview of the CSA. Jonathan Miller , General Counsel to the U.S.
26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In
What was the last cannabis strain you smoked or vaped? From “White Widow” to “Cereal Milk,” some interesting and comical names are attributed to different types of cannabis. It might surprise you to learn that breeders don’t pick these names out of thin air. ” A landrace strain is native to a specific area.
We specialize in retail (brick and mortar) sales solutions for quality CBD brands and provide a platform to expand your business solutions in today’s emerging hemp marketplace. ”. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Glenn Johnson. PUBLISHER: CANNABIS LAW REPORT. .
We also speak with Colton Griffin, CEO of Flourish Software , a seed-to-sale software solution for the cannabis and hemp industries. Press the Play button below to listen to the podcast. ? Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast. Cannacurio Podcast Episode 28 Transcript. Welcome to the show.
It was one of the first strains to be extracted by the major California brand AbsoluteXtracts, said James Rowan, director of major brands. Marine fog casts a gray haze and fills the air with palpable moisture on the coastal bluff overlooking the vast blue expanse of the Pacific Ocean. A stone-cold fan favorite. They’ll always sell it. “It
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony. Ed Keating: Yeah.
and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta-9 total tetrahydrocannabinol concentration (including tetrahydrocannabinolic acid) of not more than 0.3 Hint: use the seed program.)
Nonvolatile solvent has been further defined to mean any solvent used in the extraction process that is not a volatile solvent, which includes carbon dioxide (CO2) used for extraction and ethanol used for extraction or post-extraction processing. No temporary license will become effective until January 1, 2018.
While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state.
of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.
Senate Banking Committee Chairman Mike Crapo (R-ID) said that an impeachment trial could delay consideration of cannabis financial services legislation, but no moreso than anything else that requires floor time. In this week’s edition: Federal e-cigarette ban on flavored products may be in the offing.
Back to the main story, it was pretty clear after the FAQs were issued that the CDPH wouldn’t continue to tolerate sales of foods or beverages with Hemp CBD for long. Before getting into California Hemp CBD laws, it’s important to discuss what the new Farm Bill even changes. The current Farm Bill also gives the U.S. Now, on to California.
The House Appropriations Committee approved the 2020 Financial Services and General Government bill, which includes a cannabis banking provision that would prohibit financial regulators from spending money to go after financial institutions that do business with lawful cannabis companies. Alabama Governor Kay Ivey (R) signed S.B.
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