This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What’s more, synthesized Delta-9 THC is present in many of these products, despite being prohibited in both California’s cannabis and hemp programs. ” Tiffany Devitt’s response: As Cheech & Chong are well aware, businesses are subject to federal and state laws. Hemp not really hemp Speaking in a Feb.
–(BUSINESS WIRE)– #Hemp — Lazarus Naturals knows that a healthy sleep cycle directly impacts its customers productivity levels and overall health. The company recently announced its Sleep Collection , introducing the addition of CBN—known to improve sleep and reduce pain. “It PORTLAND, Ore.–(BUSINESS
Already, many people have set up CBD businesses and are generating handsome profits, but some are experiencing difficulties. In this post, we show you various tips that can help you increase the revenue of your CBD business. Sign Up for Affiliate Marketing Programs. Collect them at every turn. Focus on One Thing.
Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., to reach 3.2 billion euros ($3.75 billion) by 2025.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. Currently, ten states and the District of Columbia have legalized the adult use of marijuana and thirty-three states and DC have medical marijuana programs.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020.
The move has put many CBD and hemp-related companies across the state in a precarious position at a time when small businesses are barely hanging on as it is. Currently, state regulators want industrial hemp businesses to get their products licensed by the FDA as a drug in order to continue being sold in the state of Minnesota.
Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. If the group collects at least 132,887 valid signatures, the proposal will head to the Ohio General Assembly for consideration by the legislature.
With many legislatures commencing their 2020 sessions in a matter of weeks, NORML is busy looking ahead and setting our legislative and advocacy priorities. The information collected in this survey is kept confidential and will only be used for NORML’s internal organizational purposes to better improve our programming.
During the election season, petitioners rely on interaction with the public to inform voters on ballot initiatives and to collect signatures. Earlier this month, a judge in Ohio’s Franklin County said he lacked the ability to make alterations to the state’s constitution that would allow fewer signatures to be collected during the pandemic.
The guidance states, “Cannabis Loan Funds shall be used for ordinary and necessary expenses to start and operate a cannabis business.” All uses of the proceeds must be necessary for the Illinois business, supported by adequate proof of obligation and expenditure, and comply with all requirements of the loan program.
The presentation included one significant cannabis tax item, the business expense deduction for licensed Illinois cannabis businesses. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.
A license from the Minnesota Department of Agriculture (MDA) is required for individuals and businesses. There are several changes to the 2022 program. Previously, growers were not invoiced for the cost of the first sample; however, fees now will be charged for each sample collected. industrialhemp.
The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. To verify combined state and local retailers’ occupation tax rates (i.e.,
Most recently, Finkle led Arcview Ventures as CEO and co-founded The Arcview Collective Fund in 2018. Widely respected by the Arcview team and among members of the investment community, Finkle brings extensive experience in business operations, investment management, and fundraising from seed to growth capital. ”
What constraints does the MRTA place on the location of these businesses? MRTA also includes a process through which social and economic equity applicants can receive additional support to establish licensed cannabis operations, including through loans, grants, and incubator programs. Types of Licenses.
As a measure to protect cannabis consumers from untested and unregulated product at unlicensed businesses, two Los Angeles City Council members introduced a motion today aimed at implementing a county program that issues emblem placards to licensed cannabis businesses. ” Source: [link]. . ” Source: [link].
The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. Cash registers and computer programs must be adjusted so that beginning on Jan.
Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. According to a report shared with the Oakland Cannabis Commission on Oct.
Collectively, the four aforementioned newly legal states are projected to earn $4.5 Let’s take a look at some key business details and projections for those newly legal states: 1. Legal Cannabis Business Framework . Legal Cannabis Business Framework . billion in annual sales by the fourth year of operation. Connecticut.
New businesses, tourism, and jobs all contribute to the increase. Legalizing marijuana can impact each of these criteria in ways that are both predictable and surprising — particularly by creating fresh demand for housing, new businesses, and tourism,” says the report. . Education programs. Public health and safety programs.
The NM Political Report | Medical Cannabis Program
MAY 5, 2022
New Mexico cannabis businesses are expected to pay cannabis excise and gross receipts taxes by the end of this month. million the state is expected to collect from non-medical cannabis sales. Continue reading NM expected to pay an estimated $15 million in tax refunds to medical cannabis companies at The NM Political Report.
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. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. of the population enrolled.
Because the City of Tucson is able to collect ordinary sales tax on marijuana sales as well as a share of the special marijuana tax the city is expecting about $9.7 Jeffrey Yates heads Tucson’s Business Services Department. He says, “The public safety component of our budget is our largest expenditure.
This year’s proposed legislation also reflects that New York’s time remaining on the sidelines of adult-use cannabis was well-used to learn from the challenges and shortcomings of other adult-use programs in the country. The Program. Moreover, New York’s cannabis program would consist of three branches: medical, adult-use and hemp.
A month later, it held another work session on changes to the county’s land-use and planning code that would make way for legal cannabis and specify where pot businesses can be located. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana.
SAN FRANCISCO–(BUSINESS WIRE)–Cousins Eric Grayson, Keena Middelton, and Charles Toney II have launched Flight , Park Merced’s only state licensed dispensary, in partnership with Shryne Group. All three men meet the SF Social Equity Program criteria and all have backgrounds in cannabis, including medical business and cultivation.
According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Promote compliance with state and local regulatory requirements regarding business ownership.
Regis Mohawk Tribe has established an entire regulatory structure within its jurisdiction and will award licenses to tribal members and tribal businesses. This is different from the route many other tribes have taken, which often set up tribally owned and operated marijuana businesses. Read the full article at [link].
On February 28, 2022, the Oregon Psilocybin Services (OPS), a new section within the Oregon Health Authority (OHA), released results from a community interest survey concerning Oregon’s still-developing psilocybin program. The survey’s results show strong interest in the psilocybin program, particularly in accessing services.
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. MO resident? New Hampshire.
The lack of funding for marijuana businesses in the stimulus packages, the halt to state legalization efforts, the issues surrounding Massachusetts (yes, those continue), even Mexico’s decision to legalize cannabis – all are caused or colored by the coronavirus. LACK OF) FEDERAL ASSISTANCE. breaking news.
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 The largest legal cannabis market in the world just had the best quarter on record.
This year’s proposed legislation also reflects that New York’s time remaining on the sidelines of adult-use cannabis was well-used to learn from the challenges and shortcomings of other adult-use programs in the country. The Program. Moreover, New York’s cannabis program would consist of three branches: medical, adult-use and hemp.
Instead of refunding the excess money back to registered medical-cannabis patients in Illinois, the sum of $40,000,000 from the Compassionate Use of Medical Cannabis Fund was transferred to the Cannabis Business Development Fund.
And this isn’t for lack of want — in fact in 2017 some forward thinking dispensaries had collection boxes for these products, although without scale they wound up just hoarding them as well. The only way to achieve this scale is to use dispensaries as the collection points, much like some were already doing back in 2017.”
“The inaugural Hemp Grower Conference will be an opportunity for hemp industry stakeholders to come together to learn valuable market insights and discover grower-specific innovations and technology solutions that will bolster their businesses,” said Group Publisher Jim Gilbride. For more information, visit www.GIEMedia.com.
The three cannabis items in Illinois’ budget that should pass just after midnight include: The State Comptroller shall direct the State Treasurer to transfer the sum of $40,000,000 from the Compassionate Use of Medical Cannabis Fund to the Cannabis Business Development Fund.
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. Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. of the population enrolled.
The company anticipates launching both programs this year. “While the original ‘business-to-business’ application anticipates licensing the database to researchers, practitioners, and developers in the psychedelics field, the YMI application targets the far broader consumer mHealth market.”
Problems plaguing the medical cannabis program in Missouri are three-fold. Second, the program has experienced controversy and claims of disparities from its inception. Licensed medical marijuana businesses, e.g., commercial grow operations, manufacturing facilities, and dispensary stores, are required to use seed-to-sale systems.
Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law. Although medical cannabis program was signed into law last year, it has yet to be fully implemented. Since then, the legislature has passed a number of laws that have expanded the state’s medical cannabis program.
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.
The first medical cannabis product manufacturing license was just awarded in Ohio, giving patients in the program a reason to celebrate. While the medical cannabis retail program has been active in Ohio since January of this year, the only product available for purchase so far has been dried cannabis flower. Future Processing Licenses.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content