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Recently, nuEra Cannabis announced its agreement to acquire Ieso , a licensed medical and adult-use cultivation facility located in Murphysboro, Illinois. The facility also boasts a fully operational extraction lab and an infusion operation, producing a full range of products, including vaporizers, concentrates, edibles, and more.
Alaska cannabis businesses owe nearly $1.8 By the end of June, Alaska cannabis businesses owed $1,785,751 in back taxes, and the state Marijuana Control Board has started shutting down the businesses for non-payment, the Anchorage Daily News reports. Ganjapreneur reports. Read more at [link].
NV Green”), producers of best-in-class concentrates. Tahoe Hydro operates ~33,000 square feet of total cultivation and manufacturing space in its facilities in Carson City, Nevada, and Sparks, Nevada. We seek to be the largest scale cultivator of high-quality cannabis in every market where we operate. (CSE: AYR.A,
cultivation and production facility (the “Facility”) in the Village of Matteson , Illinois, located outside of Chicago. With this announcement, we mark the beginning of a multi-phase expansion project to create the largest cannabis cultivation and manufacturing Facility in Illinois, one of the country’s fastest growing cannabis markets.
ounces of concentrate; any amount over these limits can be a misdemeanor, arrestable offense. Allows for home cultivation for personal use. NO CRTA = prohibits home cultivation for adult-use and classifies any amount of plants as at least a misdemeanor. Medical patients are restricted to 4 plants total, per household.
Cannabis cultivation has emerged as one of the fastest growing industries in the world. Whether you’re cultivating for personal recreational use, medicinal purposes, or for a business endeavor like a dispensary, growing weed is more popular than ever. Concentrate on the Micro-Environment.
(the “Company” or “Decibel”) (TSX-V: DB) (OTCQB: DBCCF ), a premium cannabis producer, is pleased to announce the launch of its high-end concentrate brand, “ Pressed by Qwest “, and new dried flower, pre-roll, vape, and concentrate products. New Vape and Concentrate Products.
The Company closed the first phase of its multiphase expansion project of an up to 558,000 square foot new cultivation and production facility in Matteson, Illinois. To that end, as CEO, I am more confident than ever in our strategy, fundamentals, asset base, and current growth ramp of our business as we look ahead to 2022.”.
As a law firm that has been helping cannabis businesses succeed since 2010, we couldn’t be more excited. with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 3 percent concentration of delta-9 THC, which everyone agrees is a more forgiving standard. And for good reason: the recreational market is expanding.
Craft grow changes include the repeal of provisions establishing cultivator taxes and craft grower taxes and a shared premises pilot program. The provision for the shared premises pilot program states, “The Department of Agriculture shall create a pilot program that shall allow craft growers to share premises with cultivation center.
The Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. million square feet indoors to the cultivation of hemp.
DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting.
This bill comes after lawmakers passed legislation in 2019 that allows the growing and production of hemp and hemp-derived products, as long as the THC concentration is below 0.3%. Legislation is pending, House Bill 1648, to remove all criminal and civil penalties for the use, possession, and cultivation of marijuana by adults.
Cookies Top-Shelf Genetics Featured in New Lines of Concentrates and Cartridges Now Exclusively Available at Cookies Tacoma, Statewide to Follow. Washington cannabis consumers now have access to a full line of concentrates and cartridges featuring Cookies’ sought-after genetics such as Berry Pie, Pomello and Sweet Tea. TACOMA, Wash.–(BUSINESS
Just as every cannabis user is different, the unique characteristics of the company producing your flower or concentrates can drastically affect the quality of the cannabis and the experience you’ll have with the product. Concentrates, we’d like to showcase one of our favorites for this month’s brand feature: AZ Nectar Farms.
The Rules establish the recreational cannabis industry in New Jersey and allow the CRC to begin licensing businesses as soon as possible. These classes include cultivators, manufacturers, retailers, distributors and delivery services. This number includes expanded ATCs, but not microbusiness cultivators.
The money will be used to purchase the cultivator’s assets. Included in the deal are a hoop house, indoor greenhouse, outdoor cultivation capacity, equipment, and cultivation facilities. million for the business, and $4.5 million for the business, and $4.5 Medicine Man Technologies Inc., The deal’s $11.3
Update : HB 1089 is scheduled for a public hearing in the House Business Affairs & Labor Committee at 1:30 on 2/19/2020 in Room LSB-A. The pending measure permits adults 21 and over to possess up to one ounce of marijuana and/or up to five grams of concentrate, and to grow up to six marijuana plants (up to 3 can be mature).
CSE:IONC)(OTC PINK:IONKF)(FRA:IB3A) (“IONIC BRANDS” or the “Company”) is a regional manufacturer of innovative cannabis consumables and concentrate extract products. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis.
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.
Decibel did not take the path of huge initial investment into production capacity, choosing instead to round out all portions of its vertically integrated business more gradually. Decibel launched its initial vape and concentrate SKUs in late 2020, with about 30 currently in the market and another 20 or so scheduled to launch yet this year.
Lightford , Senate Bill 3926 , which the Cannabis Business Association of Illinois (CannabizIL) presented at a press conference yesterday, sets forth provisions concerning applications, licensure, marketing, sales, labeling, transportation, testing, penalties, and emergency rulemaking by the Department of Agriculture. Kimberly A.
The new law makes it legal for people over the age of 21 to publicly possess, display, purchase, or transport up to 3 ounces of cannabis and 24 grams of cannabis concentrate. New Yorkers can cultivate up to 6 plants. Public possession of up to 3 ounces is legal. Public consumption is allowed — with some restrictions. The good news?
Start-up seedbanks, locally manufactured extraction companies, both CBD and THC oil companies, headshops, coffeeshops and even a cannabis dispensary retail store are now doing business in all major cities across the country. All of these cups had top-quality entries from local cultivators and processors. Cannabis Cups.
Home cannabis cultivation, on the other hand, would be forbidden. In the event that North Carolina’s medical cannabis bill becomes effective in the near future, the number of medical cannabis suppliers who are allowed to manage the plant’s sale and cultivation would be capped at 10.
I will summarize these agency statements below, and give some context for what hemp and CBD businesses can expect in the near term. The 2018 Farm Bill directs the USDA to create regulations and guidance to implement a program for hemp cultivation in the US. This is where things get interesting.
Market demand across the cannabis industry has generally followed a straightforward path: After legalization, consumers look for flower, then edibles and vape products, followed by more focused interest in concentrates. Within the concentrates category, solventless concentrates are growing rapidly. That was up from $12.5
is a business attorney and an Adjunct Instructor at Saint Louis University. Bell’s academic work focuses on cannabis business law, policy, and the expansion of cannabis legal education. Sharma’s studies aims to offer strategic insights to inform cultivation practices and optimize cannabinoid production. 3:30 p.m. –
It also amends the definition of Industrial Hemp to include cannabis plants and ANY part of that plant with THC concentration of no more than 0.3%. March 31, 2022 : deadline for the submission of applications to be considered for provisional licenses, with the exception of certain cultivation license applicants and local equity applicants.
New Mexico will also issue microbusiness licenses to smaller cultivators and vertically integrated operations. 1, and the first set of rules promulgated by the Cannabis Control Division focuses on licensing these cultivators. And the outdoor cultivation season is quickly coming to an end. That number just keeps growing.
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. NH resident? NH resident?
We made the decision to focus on the retail side of things and stay focused on that and not get stretched too thin,” Brodsky says, adding that the company concentrated its operations around Springfield, one of the largest cities in the state. Although, as in other new markets, supply issues have plagued Missouri’s businesses, he says.
Acquisition Substantially Increases Cultivation Capabilities; Provides Major Boost to Wholesale Supply of Distillate to Colorado CPG Manufacturers. The acquisition includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and hoop house cultivation facilities and equipment.
Several business units of Avicanna’s vertically integrated infrastructure are positioned to benefit from the new regulatory framework set out in Decree 811 of 2021. Expected benefits to Avicanna’s business units and infrastructure in Colombia. Initial shipment of THC extracts into the European Union.
On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. Background. state and federal regulation of marijuana. percent on a dry weight basis.”
SAN FRANCISCO–( BUSINESS WIRE )– Eaze , the nation’s largest cannabis delivery marketplace, and multi-state retail leader Green Dragon are pleased to announce they have reached an agreement to provide service to customers and patients in California, Colorado, Michigan, and Florida. About Eaze. Eaze delivers good with the goods.
Marijuana items” means “marijuana, cannabinoid products, cannabinoid concentrates and cannabinoid extracts”, and includes “industrial hemp products and commodities that contain more than 0.3 First, requiring the total THC concentration not to exceed 0.3 percent tetrahydrocannabinol ” (emphasis added).
Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Bob Hertzberg [D], SB 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. Click here to email your lawmakers in support of home cultivation rights.
The measure aims to legalize the possession, purchase and use of cannabis products and accessories for adults 21 and older, including up to 1 ounce of dried flower or 5 grams of concentrate.
Many cannabis business owners and landlords in Las Vegas’ art district were hoping that the seven-member city council would not approve the rule requiring cannabis lounges to be at least 1,000 feet apart from one another. grams) of cannabis concentrates.” The region’s seven-member city council made this decision on March 1.
According to the legal language contained in Arkansans for Marijuana Reform’s proposed constitutional amendment, the measure seeks to legalize the consumption of 2 ounces of cannabis concentrates and 4 ounces of cannabis flower as well as the cultivation of six mature plants and six seedlings for personal use.
DUBLIN–(BUSINESS WIRE)–The “CBD Regulatory Report: Denmark” report has been added to ResearchAndMarkets.com’s offering. THC are exempt from the definition of narcotics in the Order on Narcotics, which defines them as “solutions, dilutions, extracts, concentrates, tinctures.
CCB Issues Summary Suspension of Cultivation License. The Harvest Foundation is required to submit a plan of correction to the CCB for approval within 10 business days in order to lift the order and shall not resume operations until the CCB has confirmed deficiencies identified in the order have been corrected.
. (“Vext” or the “Company”) (CSE: VEXT) (OTCQX: VEXTF) a cannabinoid brand leader based in Arizona , leveraging its core expertise in extraction, manufacturing, cultivation and marketing to build a profitable multi-state footprint, today announced that it has signed a Memorandum of Understanding (“MOU”) with S?RSE
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