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Ayr President George DeNardo said Thursday during the companys fourth-quarter and full-year 2024 earnings call that Ayr will prioritize other markets to make sure it can deliver for its other business and stated that the company doesnt have the necessary scale in Illinois to compete over the long term, Green Market Report reported.
Tissue culture cultivation could shape the future for growing cannabis. Before we delve into tissue culture cultivation, it would be useful to understand how weed is currently grown. The post Tissue Culture Cultivation: The Future for Growing Cannabis appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.
What types of cannabis businesses are out there? Learn about weed business models from the experts on cannabis funding. The post Cannabis business models 101 appeared first on Leafly.
Recently, nuEra Cannabis announced its agreement to acquire Ieso , a licensed medical and adult-use cultivation facility located in Murphysboro, Illinois. Our team has already collaborated with Ieso staff to enhance their processes, introduce new strains and cultivation techniques and make improvements to packaging and branding.
On Thursday, April 14, the state’s Cannabis Control Board (CCB) voted to award conditional cannabis cultivation licenses to 52 existing hemp farms within New York. The licenses will enable these local businesses to take advantage of the 2022 growing season, and […].
As the legal cannabis industry suffers through a period of distress brought on by global economic woes, along with punitive taxation structures and an oversaturation of products, and plummeting prices, there has naturally been an uptick in internal cannabis business disputes. Cultivation. Cannabis Business Agreements and Structures.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with the new online portal for cannabis businesses. The first announcement stated that Illinois is set to streamline cannabis business operations with the launch of the new online licensing portal (see following article about paperless system ).
Many cannabis cultivators and retailers are experiencing the painful realization that they’re selling a product with profit margins that are eroding as widespread legalization takes hold, and the signs of industry change are already becoming apparent. What’s the Best Move for a Cannabis Business License Holder?
Good Tree Capital answers this and more in this article about the right place to open a cannabis business. The post How to choose the right community for your cannabis business appeared first on Leafly. Where can you open a dispensary?
CCB Issues Summary Suspension of Cultivation License. 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.
The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. To move items into Metrc, plants and packages will need Metrc RFID Tags.
Cannabis Conference and Cannabis Business Times announced the winners of the 2021 Cannabis Leadership Awards , which recognizes industry professionals who exemplify the leadership qualities needed to inspire and empower those around them and who work to better the industry and their communities. EDITOR: Heather Allman.
Who would have thought that cannabis cultivation could be Alaska’s biggest earner? Over the course of the next eight years, marijuana cultivation is set to soar to new heights. Based on the latest employment trend report issued by Alaska’s labor department, marijuana cultivation will experience the most tremendous growth.
Patients and their caregivers could also apply for a permit to cultivate and process their own cannabis for their own personal medicinal use, with undetermined restrictions to be left to regulations put forth by the OCM. The explicit language barring patients from “smoking” would be removed.
To grow the new business even further, he built two greenhouses and a watering and lighting system. These can range all the way from six months in jail to the death penalty for large-scale cultivation and distribution. Phung is definitely not the first Vietnamese farmer to turn to illegal cannabis cultivation out of desperation.
Tahoe Hydro operates ~33,000 square feet of total cultivation and manufacturing space in its facilities in Carson City, Nevada, and Sparks, Nevada. The acquisition will add significant cultivation talent to Ayr’s already robust cultivation team, including 75 employees, which the Company plans to deploy both within Nevada and nationally.
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].
In a first-of-its-kind decision, the Cass County Circuit Court has ruled in favor of HRP Cassopolis, LLC, a Michigan-based cannabis business, in their dispute with the LaGrange Township assessor. Dykema’s Property Tax Appeals group can navigate the challenges in this dynamic space to help cannabis businesses achieve their goals.
There is a great amount of detail that goes into cultivating a successful crop of cannabis consistently. Cannabis-related businesses now employ more people than there are dental hygienists and bakers in the United States and will soon surpass the number of telemarketers and pharmacists.”
Operating cannabis-based businesses in The Golden State is no easy feat for retailers. Based on federal law, anyone who cultivates, sells, consumes, possesses, distributes, or transports the plant will face criminal prosecution in federal court. Due to the plant’s illegal status, banking cannabis business revenue can be tricky.
–(BUSINESS WIRE)–Hamilton Farms announced today that it has completed construction of its state-of-the-art craft cannabis cultivation facility and received regulatory approval from the New. MILLVILLE, N.J.–(BUSINESS Read More
The bills would also allow for the expungement of certain prior convictions, delivery of medical marijuana to qualified patients, and restructures the medical marijuana licensure process to eliminate the requirement that business be vertically integrated. Send a message to your lawmakers in support of home cultivation rights.
In response to the recent legalization of medical cannabis in the state of Mississippi, the TVA released a public statement pertaining to its federal obligations, suggesting that it would be withholding services from any cannabis-related business. Currently, adults in Virginia over the age of 21 are able to cultivate cannabis at home.
Some South Dakota lawmakers plan to visit marijuana businesses in other states and on tribal lands to get a firsthand look at how the drug is grown and sold before it becomes legal for medical use in the state.
In exchange for these payoffs, the former Massachusetts mayor would provide a non-opposition letter, which is a requirement to have a cannabis business in a municipality in Massachusetts. The newly emerging legal cannabis industry has cultivated more than just cannabis and jobs. Massachusetts, U.S. Attorney Nathaniel R.
Even after this bill passes there will still be work to do to give adults in Illinois access to cannabis without having to purchase it from a limited amount of stores and cultivators,” said Dan Linn, Executive Director of Illinois NORML. Follow Illinois NORML on Facebook and Twitter and support their work at their website.
26, 2021 (GLOBE NEWSWIRE) — Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance software platform serving the cannabis industry, announced it launched a suite of compliance solutions for cannabis businesses in Utah. DENVER, Aug.
The new law also seeks facilitate standards for banks who wish to partner with medical cannabis businesses, and prohibits local governments enacting “guidelines which restrict or interfere with the rights of a licensed patient or caregiver to possess, purchase, cultivate or transport medical marijuana.”
It is a scenario that frustrates legal cannabis businesses and law enforcement alike. State restrictions on who can obtain a cannabis business license or work as an employee for a cannabis company has kept some from entering the legal marketplace. Owners, managers, and employees of marijuana businesses all need to be licensed.
We landed on three, so I think that fee is a pretty good number to kind of keep those serious business owners and just so we wanted to be sure that we only had very serious people.”. To receive a city cannabis establishment license, however, applicants must meet a number of requirements.
If authorized, medical patients can cultivate up to two flowering and two non-flowering cannabis plants. Patients cannot cultivate without explicit authorization. The measure included cultivation and possession of cannabis without any regulation on taxation or sales. Fortunately, they can deduct cost-of-business expenses.
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. Thanks to the 2018 Farm Bill, industrial hemp cultivation and processing is federally legal, though a few states have chosen to ban or not regulate the crop and its derivatives.
AOC and others have called on President Biden to make good on his promise of cannabis reform, New Mexico has gotten its recreational market up and running with a batch of new licenses, and California cannabis businesses wrote to Gov. The state is planning to license more cannabis businesses in the coming weeks.
Meanwhile, those who hold the lucrative cultivation, processing, and dispensary licenses are finding new ways to profit, primarily by selling to out of state investors. Now, we believe that the needs of our patients are being overlooked in favor of business enterprises. Patients have faced lost jobs and needless DUI charges.
Cultivators, manufacturers and testers face the same distance requirement for day care facilities and churches, but they must be at least 750 feet from schools.” ” Patient Seminars II – Home Cultivation and Compliance. Are you planning to cultivate your own medical cannabis or interested in being a caregiver?
The Hemp Regulation RE: Application of the License and Issuing of Licenses to Manufacture, Disposal or Possession of Hemp came into effect, allowing cultivation and processing of hemp only for industrial such as textiles, paper industries, etc. The Narcotics Act (No. 1) took effect, declaring cannabis and hemp category 5 narcotics.
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. NO CRTA = prohibits home cultivation for adult-use and classifies any amount of plants as at least a misdemeanor. Adequate improvements to the medical program.
Unlicensed cultivators and dispensaries are running rampant, and many are complaining that the process for licensing is taking too long. The exemption applies to fees for dispensaries shifting to non-conditional license categories, such as cultivationbusinesses and micro businesses.
The measure would impose a civil penalty of $200 for the possession of up to one ounce of marijuana, as well as for the cultivation of up to two marijuana plants. Legislation is pending, Senate Bill 2134, to permit qualifying patients to cultivate personal use quantities of cannabis for therapeutic purposes. ND resident? ND resident?
The result: Cascading business failures across the industry. One in five cultivators have voluntarily surrendered their licenses this year. One in five cannabis cultivators in California have voluntarily surrendered their licenses this year. The state excise tax on an eighth ounce of cannabis is $4.90 or over 100 times greater.
Many state capitols around the country have suspended legislative sessions, continued to vote on key bills remotely, or have at the very least closed to the public and nonessential business. Legislation is pending, Senate Bill 420, permit qualifying patients to cultivate personal use quantities of cannabis for therapeutic purposes.
On January 16 , Florida NORML chapters will head to Tallahassee (Florida Capitol, Third Floor Rotunda) to lobby for marijuana legalization to include home cultivation, cafes, cultivation centers, and fair and equitable business entrance fees. NORML Women of WA 4th Annual Lobby Day.
Since the passage of Proposition 1 , officially known as the Michigan Regulation and Taxation of Marihuana Act , which legalized the sale, possession, consumption and cultivation of marijuana for adults 21 and up last November, members of Michigan NORML have encountered a new challenge: municipal opt-out.
The NM Political Report | Medical Cannabis Program
NOVEMBER 8, 2021
Medical cannabis dispensaries, many of which have been in operation for years, may end up feeling the brunt of an expected run on cannabis products next year, but legacy cannabis cultivators could have an advantage over those who are still in the queue, waiting for their applications to be approved.
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