This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Activists in Nebraska, along with two pro-legalization Senators, qualified a 2020 medical cannabis ballot initiative petition to begin collecting signatures from registered voters in the state. Your Highness, Carly. Actions to Take.
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.
SALES TAX PERMIT / CONSUMER USE TAX PERMIT : Virtually all businesses in Nevada need to record and report their sales and use taxes in the period when the sales transaction takes place. This is not an exhaustive list of what actions to take, but rather a broad overview of general issues that need to be addressed.
The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. Author – aBIZinaBOX Inc: Jordan S.
While the board specified that hemp seed oil (with no CBD or THC) and hemp flower (with 0.3% According to projections from Statista, legal CBD sales in the US will achieve the $1.8 According to projections from Statista, legal CBD sales in the US will achieve the $1.8 What does this mean for the Minnesota cannabis industry?
The FDA has provided clarity that hulled hemp seed, hemp protein powder, and hemp seed oil can be legally used in foods. In March of 2019, the FDA established a Working Group to determine the possible legislative pathways to regulate CBD. Specifically, the group aims to “make recommendations” on CBD legislation to Congress.
In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. If you wish to re-publish this story please do so with following accreditation.
The Ministry of Agriculture will regulate seeds, hemp and growth planning.”. Additionally, the new regulations state that the National Seed Agency will regulate all seeds, which will be allowed for personal grows, collective grows, retail, research , and a separate category for hemp. The Fine Details.
CanMart”) from Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN). Akanda launches with two key assets, CanMart and Bophelo, bringing pharmaceutical grade cannabis from Africa to supply UK, European and other international markets. Bophelo”) and CanMart Ltd. As a result, Halo owns approximately 68.3%
The Minnesota Hemp Association chose to rebrand to the Minnesota Cannabis Association to support legislation of all cannabinoids,” said board member Steven Brown. SAINT PAUL, MN— On May 3, the four board members of the Minnesota Hemp Association unanimously voted to change the name of their organization.
The bill prohibits the manufacture, distribution, or sale of any final hemp product that is intended for food, seed, seed meal, or seed oil and contains any THC. Collectively, the bills will strengthen Michigan’s hemp laws and create a more favorable legal landscape for hemp and hemp products.
The government has established a regulated market for the production, sale, and consumption of cannabis. The specific list of qualifying medical conditions for medical cannabis is not explicitly defined in the legislation. The plant has been used for traditional and medicinal purposes for centuries. Is weed legal in Uruguay?
It emerges from the 2018-2023 coalition agreement that legislation on recreational cannabis will be drafted ( 2018-2023 Coalition Agreement ) . On the one hand, it is proposed that adults should be able to legally cultivate for personal consumption up to four cannabis plants per household from seeds. Project modalities.
While keeping a focus on patient safety, OSDH and OMMA diligently follow legislative rules and intent.”. Durin is also behind a different lawsuit against the OMMA in regards to a 2019 law that established a seed-to-sale tracking system with Metrc. Approximately 100 people attended the rally, according to Fox 25. “We
Licensing Agreement with TerrAscend will provide New Jersey with access to Cookies branded products. Additionally, TerrAscend will debut “Cookies Corners” in all three Apothecarium dispensaries in New Jersey. BOONTON, N.J.–(BUSINESS TerrAscend operates a 140,000 square foot cultivation and processing facility in The Garden State. “We
But now that 10 states and the District of Columbia have legalized recreational marijuana, officials are grappling with projecting collections from a new sin tax. But now that 10 states and the District of Columbia have legalized recreational marijuana, officials are grappling with projecting collections from a new sin tax.
On the other hand, CBD is not available for sale to the public in Australia, Canada, and Chile, but its therapeutic use is permitted. We must also add the differentiation between hemp seed oil and CBD oil. Hemp seed oil does not contain cannabinoids, has been available on the market for years, and falls into the food category.
Among the adjustments, the demand of the hemp industry is also collected, by specifying that this industrial cannabis is not a psychoactive agent, so that only five types of licenses will be released, in which the scientific ones contained in the previous one are eliminated project, and that will include auxiliary transport and storage activities.
As a Holi staple, thandai is made by boiling a mixture of milk, sugar, cannabis, poppy seeds, pepper, ginger, cloves, cardamom, almonds, pistachios, nutmeg, and rosebuds. Bias in legislation on cannabis? The discussion is beginning to start in India. So, the big question is: Why don’t we legalise and tax it like alcohol and tobacco?
Many states levy a marijuana excise tax in addition to the regular state sales tax. Adult-use retail sales: Purchases are not subject to any statewide cannabis tax, although some municipalities do charge a cannabis excise tax. There is no statewide retail sales tax in Alaska. Local municipalities may impose a local sales tax.
The crops grown from seed by Greenheart CBD which is an Irish company owned by Paul Walsh and Mark Canavan. The crops grown from seed by Greenheart CBD which is an Irish company owned by Paul Walsh and Mark Canavan. Presenting Greenheart CBD – a company about to embark on a journey in an industry that is exploding. Paul Walsh.
A spokesperson from Curaleaf said the vote at the company’s Hanover dispensary was a “secret ballot election” but recognized that the final count was in fact in favor of union representation by the Local 328 for purposes of collective bargaining. A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass.,
A spokesperson from Curaleaf said the vote at the company’s Hanover dispensary was a “secret ballot election” but recognized that the final count was in fact in favor of union representation by the Local 328 for purposes of collective bargaining. A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass.,
A spokesperson from Curaleaf said the vote at the company’s Hanover dispensary was a “secret ballot election” but recognized that the final count was in fact in favor of union representation by the Local 328 for purposes of collective bargaining. A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass.,
What is the relevant legislation? The main relevant UK legislation is the Misuse of Drugs Act 1971 (the Act) and the Misuse of Drugs Regulations 2001 (as amended by the Misuse of Drugs (Amendments) (Cannabis and Licence Fees) (England, Wales and Scotland) Regulations 2018) (the Regulations). 19 August 2019. Authors – Carolyn E.
We were prompted to write this Post by the publication of an article explaining some of the reasons California’s cannabis tax collections fell so far behind projections. The article suggests other states should study California’s experience in planning legislation and regulation. AUTHOR: By Jordan S. Zoot, CPA, aBIZinaBOX Inc.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss speak with Lews Koski, Chief Operating Officer of Metrc , a leading seed-to-sale track-and-trace technology company for the cannabis and hemp industries. Press the Play button below to watch and listen to the podcast. ?
It is true that the Convention exempted the cultivation of the cannabis plant for industrial purposes (fibre and seed) or horticultural purposes. In Italy the cultivation and the industrial use of hemp has a long tradition and recent changes in law have led to a revival. Cannabis may be used also as medicinal product.
The company offers a collection of over 70 proprietary cannabis strains and more than 2,000 products. Cookies Partners With Leading Global Cannabis Company InterCure to Open Retail Locations in Austria and the U.K. in Early 2022. Cookies values the power of the plant and focuses on creating game-changing genetics. Learn more at cookies.co.
26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In
A spokesperson from Curaleaf said the vote at the company’s Hanover dispensary was a “secret ballot election” but recognized that the final count was in fact in favor of union representation by the Local 328 for purposes of collective bargaining. A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass.,
Because of the interest in the North American market, we can expect continued interest in the United States which should lead to further inbound investment. Additionally, the growing experience of U.S. cannabis entrepreneurs along with the desire for investment on the part of U.S. This article will discuss the U.S. Income” tax.[5]
Ringo said he would sell his seeds for as little as $5.). They sat in a circle at a house in the hills a few hours north of San Francisco — where wine country becomes weed country — to discuss the therapeutic potential of CBD, and how to get people to take it seriously. And with this group, finally, it seemed to be coming together.
The Oregon legislative session formally kicked off this week, on Tuesday, January 21st. If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority.
This federal and state interplay has resulted in many legislative and regulatory changes at the state level. A smaller but growing number of states also regulate the sale of products derived from hemp. The 2018 Farm Bill gives the US Department of Agriculture (“USDA”) regulatory authority over hemp cultivation at the federal level.
xii] They are “statutory”; in other words: Whether and to what extent deductions shall be allowed depends upon legislative grace; and only as there is clear provision therefor can any particular deduction be allowed. [xii] Deductions. But what is the distinction between a business expense deduction and an adjustment for COGS?
Legislative initiatives (introduction and support of changes of laws). They write… As the global COVID-19 pandemic drags on around the world, the damaging effects to mental health are becoming more and more apparent. there has never been a better time for new treatment options. Source: [link].
of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.
Senate Banking Committee Chairman Mike Crapo (R-ID) said that an impeachment trial could delay consideration of cannabis financial services legislation, but no moreso than anything else that requires floor time. Calm N Collective co-owner Ronald Bass claims that the tip is baseless and originated from a disgruntled former employee.
The exploding legal cannabis market operates under regulations that protect them from law enforcement, but also complicate farmers’ traditional methods of doing things: more waste is produced in complying with seed-to-sale tracking, which includes tagging every single plant with a plastic card detailing its crop and batch information.
The Democratically-controlled Senate just passed a bill that would begin sales in September. Now, however, the legislation heads to the Republican-controlled House, where things get a lot more complicated. Now, however, the legislation heads to the Republican-controlled House, where things get a lot more complicated.
Several Republican members of Congress introduced a bill on Monday to federally legalize and tax marijuana as an alternative to pending far-reaching Democratic-led reform proposals and scaled-down GOP cannabis descheduling legislation. Marijuana Moment report. Read the full report and details at. Geoffrey Lawrence. Senior Policy Fellow.
In this week’s edition: Oregon Legislative Assembly passes bill allowing interstate transfers of cannabis, subject to certain limitations, in the event of a federal policy change. The new commission will help draft proposed legislation for 2020. Alabama Governor Kay Ivey (R) signed S.B. Arizona enacted S.B.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content