Growing

Depending on the market's development, the climate, and the price that consumers are willing to pay for the products, businesses that grow cannabis in many states must employ various techniques. Comparatively speaking, the California market is one of the most developed in the country, with a fiercely competitive flower market where farmers are only permitted to sell cannabis of the highest caliber.Because of the long periods of daylight and little rain in California, farmers can cultivate very huge plants and concentrate …

Along with a host of new suggested industry regulations, the New York Cannabis Control Board approved 16 more conditional adult-use marijuana cultivation licenses. The (Syracuse) Post-Standard reports that after the issuance of 58 new farming licenses in May, the 16 new grow permits increase the total number of licensed cultivators to 162.Although they were unanimously endorsed by the board, the draft regulations could make it more difficult for recreational marijuana businesses to conduct business. Changes suggested include: new specifications for product packaging, such …

Innovative Industrial Properties (IIP), a marijuana real estate firm, modified a lease on a cannabis growing and processing facility in Danville, Pennsylvania, run by Green Thumb Industries, resulting in a $55 million payment for GTI's construction of a new structure. IIP, a San Diego-based company, purchased the land from Green Thumb for $20.3 million in 2019, leased it back to the multistate operator with headquarters in Chicago, and paid for upgrades like more growing, production, and processing space as well as …

A draft law to control some medical cannabis sales in Spain was approved by a subcommittee of the Congress of Deputies, and this week, the Health Commission will vote again on the idea. Although the proposed law calls for extremely strict distribution regulations, it is being lauded as a first step that may eventually result in greater access. The Spanish Medicines Agency will have six months to implement the new proposals into regulations following the Health Commission's anticipated approval. The proposed legislation states …

The Narcotics Act of Switzerland has been amended by the country's seven-member Federal Council to eliminate the prohibition on medical cannabis, thereby expanding the market that can be served. Additionally, patients will be able to obtain a regular prescription from their doctor and no longer need a special permit from the Federal Office of Public Health. The demand for these permissions, according to the administration, has been rising, adding to the unneeded administrative work for the government and eventually delaying medical care. Adaptations …

Starting at the end of the month, every cannabis grown by authorized farmers in Rhode Island must undergo a pesticide test. Cannabis farmers and testing facilities have been informed that mandatory testing will start on June 30 according to Providence Business First. When Rhode Island's Democratic Governor Dan McKee signed a bill voted by lawmakers into law in May, Rhode Island became the 19th state to legalize marijuana for adult use. The law establishes 33 marijuana retail locations throughout the state, including nine …

A Boston-area lawyer has been charged with attempted bribery of a municipal police chief in a "pay-to-play scheme" that had the potential to secure a client's marijuana business license locally. After allegedly attempting to bribe the police chief of Medford, another Boston suburb, according to a news release from the U.S. attorney's office in Massachusetts, lawyer Sean O'Donovan is now facing two charges of honest services fraud and one allegation of bribery. According to FBI agents, O'Donovan allegedly offered $25,000 in payment …

Twelve applications for a lucrative, vertically integrated medical cannabis license targeted for a Black farmer were received by Florida regulators, and there was some uncertainty. According to records recently published on the website of the Florida health department, applicants included Black farmers supported by investors with substantial financial means. Although the email was largely redacted, the documents showed that some candidates were uncertain about the application process, particularly the requirement to have been doing business in the state for at least five …

It looks that the cannabis industry may have won a huge victory thanks to language that was approved in a California state budget trailer bill that was unveiled this week. Cannabis tax concerns have been the subject of intense debate for months. According to a study of the legislation by Los Angeles-based principal at Ananda Strategy Hirsh Jain, the trailer bill would keep the existing 15% excise tax in place for three years while eliminating the state's tax on marijuana cultivation. Contrary …

Advocates for marijuana legalization have had varying degrees of success this year in state legislatures across the US. In Rhode Island, Mississippi, and Maryland, they have succeeded in securing favorable legislation, paving the way for the combined sales of recreational and medical cannabis businesses in those states to reach hundreds of millions of dollars. However, at the same time, proponents of the sector have lost in a number of states, including Kansas, North Carolina, and South Carolina. These defeats highlight the difficulties faced …

Rémy Cointreau, a French orange liqueur maker, claimed that Canopy Growth's line of "Quatreau" beverages violated the Cointreau trademark. The two parties reached a settlement of their trademark dispute. The 2021 lawsuit was brought up by the similarity between the brand names of Cointreau (pronounced "KWAN-tro") and Canopy's CBD beverage (pronounced "KWA-tro"). The settlement's specifics were kept confidential. CBD-infused In the US and Canada, Quatreau drinks contain CBD made from hemp, while THC is used instead. As water and sodas are "a logical extension …

According to a new bill proposed by the U.S. House Appropriations Committee, marijuana businesses may soon be able to air television commercials without worrying about federal interference. The 2023 Financial Services and General Government Appropriations Bill recently received a preliminary approval from a House committee, according to MediaPost. This massive spending bill includes provisions that would shield broadcasters from the Federal Communications Commission (FCC) in states that have legalized marijuana. Because marijuana is still a Schedule 1 restricted substance, the FCC has …