Marijuana New York

New York Still Reviewing Adult-use Cannabis Permit Applications From 2023

The present state of adult-use cannabis licenses in New York is frequently altering and creating. The State Office of Marijuana Administration (OCM) has actually gotten almost 7,000 applications, with around 600 still under testimonial. This procedure is crucial for developing a managed market that makes sure safety, quality, and compliance within the marijuana sector. The…

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Cannabis Reschedule

Cannabis Rescheduling: Record 43,000 Public Comments Sent To The DEA

Introduction The current public comment period for marijuana rescheduling marked a historical minute, with a document 43,000 entries to the Medication Enforcement Management (DEA). This extraordinary degree of public engagement emphasizes the crucial relevance of reevaluating cannabiss classification under the Controlled Substances Act (CSA). The Controlled Substances Act, passed in 1970, categorizes medications into timetables…

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Cannabis News

Illinois Pot Services Could Gain Tax Benefits, Easier Loan Access Under DEA Reclassification

Cannabis legalization in the United States has actually been a dynamic and developing landscape, significantly impacting companies in states like Illinois. The federal prohibition of marijuana, identified as a Schedule I drug, offers many challenges for marijuana business owners. Nonetheless, the proposed reclassification by the Medicine Enforcement Administration (DEA) might herald transformative benefits for Illinois…

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Cannabis Growth

Worldwide Cannabis Growth and M&A

Introduction The international cannabis industry has actually experienced considerable development in the previous years, driven by transforming popular opinions and initiatives to legislate cannabis. This expansion is evident in the numbers, with legal marijuana sales in the USA alone reaching $17.5 billion in 2020, noting a 46% rise from the previous year. Worldwide, sales completed…

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Marijuana Legalization

America’s Decade-long Experience With Marijuana Legalization Shows It to Be a Success

Introduction Marijuana legalization has undergone significant changes in the United States over the past decade. Initially prohibited under federal law, marijuana faced stringent regulations and severe penalties. With shifts in societal attitudes and the recognition of potential medical benefits, several states began to challenge federal prohibitions. The journey towards broader acceptance presents an opportunity to…

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Cannabis Growers

New York Cannabis Growers Must Submit Sustainability Plan Within One Year

Introduction New York’s cannabis cultivation landscape is undergoing significant transformation following the legalization of recreational cannabis through the Marijuana Regulation and Taxation Act (MRTA) in 2021. This legislative shift has opened new avenues for cannabis growers, who now have the opportunity to engage in legal cultivation and distribution under regulated conditions. Sustainability within the cannabis…

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