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April 20 2022: Attaining Compliance in the Cannabis Universe

Cannabis Law Report

Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, and retail sales – and insurance professionals are a big part of addressing all of that (or they should be). Big trends and developments in compliance. Compliance standards, and the toughest states.

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Illinois to switch seed-to-sale tracking vendor

Illinois News Joint

This information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Illinois patients and consumers.” With the new contract, Metrc is poised to take over Illinois’ seed-to-sale tracking for licensed operators.

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New You, Inc. Subsidiary ST Brands Enters European Luxury Skin Care Market with Activation of Primus CBD Skincare

Cannabis Law Report

Highest quality products with already established EU compliance. The Company seeks to capitalize on the scaling challenges facing individual CBD consumer products with solutions to issues including global branding obstacles, supply chain fragmentation, traceability, and compliance. Woman operated and owned.

CBD 105
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Press Release: ACS Laboratory Launches Comprehensive Hemp Compliance Testing Panel

Cannabis Law Report

Hemp supply chain companies need qualified third-party laboratories that meticulously follow nuanced laws to ensure their products are permissible across the country. The diverse regulations mean multi-state hemp operators need reliable support to remain compliant.

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Cost of Compliance Tips to Get a Cannabis Business off the Ground – Cannabis Business Executive

SpeedWeed

Without compliance boxes checked, the operation will not be able to launch. Missouri legalized cannabis for medicinal use in 2018 and the state collected more than $13 million in application fees alone, stemming from 2,100 total applications. Compliance. The final step in the supply chain is the sale.

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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. The Distributor is the “choke” point in the supply chain.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market. Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022.