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California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations.
California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations. On June 30, Governor Gavin Newsom signed legislation implementing the 2022-23 state budget, including a trailer bill focused on cannabis policy. The legislation, which took effect immediately, brought sweeping changes to California’s marijuana regulations. It will significantly change how cannabis is regulated […]
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DEA States Marijuana Seeds Are Legal As Long As THC Limit Does Not Exceed
Although marijuana is federally prohibited, the Drug Enforcement Administration (DEA) has accepted that the plant’s seeds are typically unregulated and lawful, regardless of how much THC is generated in buds if the seeds get planted. In response to a request from attorney Shane Pennington about the legality of cannabis seeds, tissue culture, and “other genetic […]
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FDA Strikes Back against CBD Sellers
Certain violations include unapproved marketing drugs, misbranding food products, and adding Delta-8 THC (a synthetic form of tetrahydrocannabinol) to food items. Five firms were issued warning letters by the U.S. Food and Drug Administration for selling items described as having delta-8 tetrahydrocannabinol (delta-8 THC) in methods that violated the Federal Food, Drug, and Cosmetic Act […]
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ADULT USE CANNABIS IS NOW LEGAL IN NEW JERSEY
Effective April 21, 2022 (why wasn’t it 4/20?), individuals over 21 years of age may purchase recreational cannabis. Currently, there are twelve dispensaries statewide. These dispensaries commenced originally under New Jersey’s Medicinal Cannabis Program. The regulating body in New Jersey is the Cannabis Regulatory Commission—CRC. The New Jersey Cannabis Regulatory Commission establishes and enforces the […]
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Oklahoma Seed-To-Sale Deadline For Metrc Is April 26, 2022!
Effective May 26, 2022, the Oklahoma Medical Marijuana Authority (OMMA) is requiring every commercially licensed cannabis business in Oklahoma to be fully Metrc-compliant. This requires that all plants, seeds, and cannabis products be tagged and tracked by this date. However, this does not apply to transporters, waste facilities, or dispensaries that are either disposing of […]
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Section 280E: Why It’s Important to Cannabis Investors
If you’re a cannabis investor or cannabis CEO, you need to be aware of Internal Revenue Code Section 280E. Section 280E disallows any business that “traffics in controlled substances” from taking regular tax deductions or credits. The legislation makes it more difficult for drug “traffickers” to operate profitably. While it may have been effective in […]
