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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.)
Since these beginnings in 2014, many other changes surrounding the use and possession of medical marijuana have been put into place in Missouri so the state can provide legal medical marijuana to patients suffering from a variety of approved conditions. In 2018, Amendment 2 was passed, making medical marijuana in the state completely legal.
In FY2023, 28 new dispensaries that were not connected to existing dispensaries opened for business in Illinois. In nearly four years, IDFPR has issued 48 social total equity dispensary licenses and conducted the SECL for 55 more conditional licenses that included almost 2,700 entrants. For Illinois News Joint reviews, visit here.
The BioTrack software, commonly referred to as seed-to-sale tracking, will track cannabis from when it is first planted as a seed to the point of sale to the consumer. Connecticut has shown their desire to be at the forefront of cannabis by looking for best-in-class software solutions. About Forian. Forian Inc.
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.
Colombia’s position in the industry generated enormous hype, thanks to the influx of business. Marijuana may be a lucrative opportunity on the surface, but there are several conditions that could put the industry out of reach for some time. Colombia is about to get hit with some rules. This is hardly surprising. Strict Regulations. .
The Cannabis Control Board (the “Board”) held a public meeting earlier today during which it advanced several key components of the innovative Seeding Opportunity Initiative , which positions individuals with prior cannabis-related criminal offenses to make the first adult-use cannabis sales with products grown by New York farmers.
Regulators in Iowa added two new medical cannabis qualifying conditions to the current list, ulcerative colitis (effective immediately), and severe pediatric autism with self-injurious or aggressive behaviors (effective 4/2/19). Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Your Highness, Carly. Actions to Take.
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.
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?
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.
Such products will generate sales of £690 million ($856 million, 811 million euros) in 2021, according to the Association for the Cannabinoid Industry (ACI). Faced with booming sales, professor Sagnik Bhattacharyya, who researches psychotic and substance abuse disorders at King’s College London, says clinical trials are needed.
The acquisition combines proven high quality dried flower sales and industry-leading yields with immediate facility expansion, increased capacity, enhanced product development, key sales licences, existing provincial supply deals, and direct distribution to medical patients focused on Veterans. MONTRÉAL, Aug.
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.
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.
We hit the ground running in Q1 2021, unveiling our plan to create a first-of-its-kind craft cannabis hub designed to help micro-cultivators establish their business and enter the legal retail market. This successful raise kicked off a busy Q2 2021 at True Leaf. . – June 8, 2021) – To True Leaf Brands Inc.
Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Job title: Business Contract Attorney. Medicine Man Technologies, Inc.
–(BUSINESS WIRE)– Grown Rogue International Inc. (“ Grown Rogue ” or the “ Company ”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, today announced record revenues for its Michigan operations, through its partner Golden Harvests, LLC (“ Golden Harvests ”), of over US$0.7M
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.
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. However, access to medical cannabis is not the same across states. average price was $319.04.
million for the business, and $4.5 The deal, which will assist Schwazze in expanding its business footprint across the State of Colorado, was confirmed following the signing of definitive documents outlining the planned transaction. Medicine Man Technologies Inc., The money will be used to purchase the cultivator’s assets.
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 ).
Commissioning Lowell Farms Services, a new business unit serving California cultivators with midstream processing services. Facility capable of processi ng 250,000 lbs. of w holesale cannabis flower annually. Brings additional diversity and volume capacity to our consumer brands. Link to Lowell Farms Services Video: [link]. SALINAS, Calif.,
–(BUSINESS WIRE)–Fortium Holdings Corp. Additionally, we believe the company’s store design and business model are scalable across multiple locations in multiple states, reflecting significant strategic value as we embark on our mission of establishing and expanding Elysian’s footprint.”. “At FAYETTEVILLE, Ark.–(BUSINESS
–(BUSINESS WIRE)–International cannabis brand Cookies announced today licensing agreements with TerrAscend NJ LLC, a subsidiary of TerrAscend Corp. Licensing Agreement with TerrAscend will provide New Jersey with access to Cookies branded products. BOONTON, N.J.–(BUSINESS About Cookies.
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. The plants harvested to make the tokens of appreciation come from seeds provided by the brand owners that are cultivated off-site by a licensed-caregiver.
& VANCOUVER, British Columbia–(BUSINESS WIRE)–Grown Rogue International Inc. MEDFORD, Ore. & We are excited to expand our product offering in Michigan to include new products that doubles our addressable market in a top 5 cannabis state,” said Obie Strickler, CEO of Grown Rogue. “We
Heritage to lead medical sales and commercialization across non-competing medical channels in Canada under the Opticann brand. TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. We are excited to add Avicanna’s innovative topical products to our portfolio of highly effective medical CBD products.
NEW YORK–(BUSINESS WIRE)– Columbia Care Inc. Through its dispensary network, the company offers products spanning flower, edibles, oils, and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, Classix, Plant Sugar, Press, Amber and Platinum Label CBD.
–(BUSINESS WIRE)– Grown Rogue International Inc. Taking the Rossanley Facility to full capacity is an important step as we scale our business”, said Obie Strickler, chief executive officer of Grown Rogue. “We MEDFORD, Ore.–(BUSINESS For more information about Grown Rogue please visit www.grownrogue.com.
–(BUSINESS WIRE)– Grown Rogue International Inc. Together, they built Willow Creek Greenhouses, a horticulture business specializing in bedding plants which served customers in Arizona, New Mexico, Colorado, Nevada, Utah and West Texas. He oversaw sales growth from $117MM to $132MM and profit expansion from $21MM to $24MM.
million for the business and $4.5 The acquisition is expected to close in Q3 2021, subject to closing conditions and covenants customary for this type of transaction, including, without limitation, obtaining MED and local licensing approval. OTCQX: SHWZ. The consideration for the proposed acquisition is $6.8 About Schwazze.
The combined complementary key capabilities of Akerna and 365 Cannabis will: Add the most robust cannabis-compliant Microsoft ERP on the market, establishing Akerna as the broadest portfolio of technology solutions provider for cannabis operators with a majority of the mainstream mid-market to enterprise finance, inventory, and operations solutions.
An insurance policy can consist of a couple hundred pages that include numerous coverage forms; lists of defined terms of great legal significance such as “occurrence,” “property damage,” and “bodily injury;” pages of exclusions; pages of endorsements that modify the coverage forms; and riders that condition or limit the coverage.
Conditional Adult-Use Retail Dispensary Regulations. During the meeting, the CCB directed the OCM to post for public comment the proposed regulations for the conditional adult-use retail dispensary licenses to businesses run by owners disproportionately impacted by the criminalization of cannabis.
Google announced in May, 2019 that they had updated their policy section of the Google to ban apps “that facilitate the sale of marijuana or maijruan products, regardless of legality.” Long before we all got surgically-attached to our smartphones, cannabis was there, lovingly held in the palm of your hand, a constant companion in daily life.
You’re a nurse looking for something different to do with your career, and a cannabis business seems appealing to you, but you are stuck for ideas when it comes to what you could do or where to get started. Over half the states in the U.S. Not all states restrict marijuana to doctors alone, either. In the U.S.,
NEW YORK , July 19, 2022 /PRNewswire/ — Data Bridge Market research has recently released expansive research titled “ Global Cannabis Seeds Market ” guarantees you will remain better informed than your competition. According to Data Bridge Market Research, Global Cannabis Seeds Market was valued at USD 1,445.05
If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT. Clearing the Air- Florida Condensed Cannabis . CANNABIS PRIMER. Glossary of Marijuana Terminologyvia CannaInsider.com. Americans for Safe Access.org. STATE OF FLORIDA.
Native American nations in New York state are eyeing the legal cannabis business, with some reservations already operating dispensaries. The Shinnecock Indian Nation in September voted overwhelmingly to approve two tribal measures that will establish cannabis sales on the reservation. The first licenses are still months away.
Most cannabis businesses report they see the program as an investment in employees that also allows them to avoid large noncompliance fines. Seed-to-sale tracking compliance. Preventing diversion and sales to minors. MJ Biz reports. It was down to the wire for some Massachusetts marijuana companies to meet a Jan.
In some European countries, cannabidiol can be used in medicines, but not for commercial sale, while in other countries, both commercial and medical use is legal, but growing them is considered illegal. The sale of CBD oil-based products is illegal in some countries. Different countries have different laws. What is cannabidiol?
–(BUSINESS WIRE)–Truth Enterprises, the parent corporation behind Sacramento-based lbs. The company operates throughout California and is currently in an aggressive sales push in the Southern California market. Distribution is bright as we focus on business fundamentals and cash flow positivity. SACRAMENTO, Calif.–(BUSINESS
However, the relationship between these two agricultural enterprises has leaned more toward its complicated than one would expect, as legal and cultural clashes progressively seed deep conflicts between producers of the profitable commodities.
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