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Are you wondering how a Seed-to-Sale ERP system can benefit your Cannabis business? As a player in the Cannabis industry, you must see the need for streamlined operations and regulatory compliance. You are not alone.
May 2023, the Department of Financial & Professional Regulation (IDFPR) announced that Illinois was switching its cannabis seed-to-sale tracking system from BioTrack to Metrc and listed this transition as an Essential Projects in the FY2023 Annual Cannabis Report and again in the FY2024 report.
MJ Biz report… A cannabis cultivation company in Nevada was fined $565,000 for allegedly failing to tag its plants for the state-mandated seed-to-sale tracking system and operating with expired licenses, among other violations. The compliance board said in the recent complaint, filed Oct. Source: [link].
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.
Are you wondering how a Seed-to-Sale ERP system can benefit your Cannabis business? As a growth-centric player in the Cannabis industry, you must be privy to the need for streamlined operations and continual regulatory compliance. You are not alone.
Consider the following factors when choosing an integrated Seed-to-Sale Cannabis ERP system Are you seeking to streamline accounting functionality, task management, and internal supply chain operations while meeting Cannabis businesscompliance?
Are you wondering how a Seed-to-Sale ERP system can benefit your Cannabis business? As a player in the Cannabis industry, you must see the need for streamlined operations and regulatory compliance. You are not alone.
Are you wondering how a Seed-to-Sale ERP system can benefit your Cannabis business? As a growth-centric player in the Cannabis industry, you must be privy to the need for streamlined operations and continual regulatory compliance. You are not alone.
LAS VEGAS, NV – Pursuant to Nevada Cannabis Compliance Board Regulation (NCCR) 4.105, the Nevada Cannabis Compliance Board (CCB) called an emergency board meeting via Zoom yesterday to consider the summary suspension of the cultivation licenses held by Green Cross of America, Inc. Green Cross of America, Inc. See Media report.
The Seed to Sale software is designed to amplify operations and automate compliance to promote exponential levels of success, profits, and growth. How Seed to Sale Works. Cross Communication: Send the data directly to specific states and regions to match the most up-to-date Metrc compliance standards.
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.
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! 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.
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.
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. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.
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 ® ), announced a new offering, Akerna Connect.
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.
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.
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?
1 deadline to train managers and employees under a new compliance and safety program that is the first of its kind in the nation. The state’s Responsible Vendor Training Program is designed to support licensee compliance and enhance the safety of customers and employees. Seed-to-sale tracking compliance.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
The end to prohibition is in sight, not just in North America, but around the world and businesses are taking note. All that cash is bringing in a lot of new business, but it’s also brought a lot of regulation. All that cash is bringing in a lot of new business, but it’s also brought a lot of regulation. In the U.S
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.
Consider the following factors when choosing an integrated Seed-to-Sale Cannabis ERP system Are you seeking to streamline accounting functionality, task management, and internal supply chain operations while meeting Cannabis businesscompliance?
Consider the following factors when choosing an integrated Seed-to-Sale Cannabis ERP system Are you seeking to streamline accounting functionality, task management, and internal supply chain operations while meeting Cannabis businesscompliance?
However, Washington does not allow for the sale of ingestible hemp products (other than hemp seed ingredients) and SB 5372 does not change that. The FDA has long maintained that hemp extract (setting aside hemp seed products) is not an approved food ingredient. What is a hemp processor?
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.
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.
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.
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.
” AB 2691 recently passed through the Assembly Business and Professions Committee. ” AB 2691 recently passed through the Assembly Business and Professions Committee. For small-scale producers to have direct marketing and sales opportunities with consumers is really critical.”
Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. Our California cannabis attorneys frequently assist clients with track-and-trace compliance and preparation. While loss of access to the entire METRC system could happen, it’s probably not very likely.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
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
–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank. SACRAMENTO, Calif.–(BUSINESS
Alliance offers cannabis-related businesses and financial institutions a safer way to process transactions while creating new revenue opportunities. POSaBIT puts compliance at the center of everything it does. Each month, POSaBIT processes millions of dollars of transactions for merchants across the U.S.
Additionally, the WSDA has stated that some parts of the hemp plant, specifically hulled hemp seeds, hemp seed protein powder and hemp seed oil are allowed for use in food. According to the WSDA, Hemp-CBD is not approved as a food ingredient.
Between the time a state votes to legalize and the time consumers can buy the product off a shelf, a lot has to happen, resulting in a year or more of lag time between “legalization” and “open for business.”. The initial crop of plants or seeds will likely come from outside the state. The Legal Gray Area of the Initial Grow.
–(BUSINESS WIRE)– #cannabisbanking — NatureTrak , the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Northern Redwood Federal Credit Union. SACRAMENTO, Calif.–(BUSINESS About NatureTrak.
is a billion-dollar industry, but high overhead and the complex requirements to stay compliant with state laws and regulations make it hard for small business owners to succeed. Following the rules requires navigating a complex and ever-changing labyrinth of cannabis regulations, a daunting task even for the most seasoned compliance officers.
Updated compliance practices for the OLCC, amending the grounds for revocation, suspension or restriction of license to major violations, moving enforcement to a more compliance-based approach working with business owners for improved public health & safety. – Kim. Eliminating the turn-by-turn manifest.
Good record keeping is essential to ensuring your marijuana business runs smoothly. Not only does it allow you to track your business’ progress and stay organized, it also helps your business remain in compliance, as some records are required to be kept by law and can be subject to inspection by government officials.
“Our focus on quality and traceability are the hallmarks of Panacea’s seed to sale strategy. “Our focus on quality and traceability are the hallmarks of Panacea’s seed to sale strategy. (OTCQB:EXDI) acquired Panacea Life Sciences, Inc. , but the amount of the transaction was not disclosed.
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