Ensuring Entrepreneurs and Businesses Stay Informed of Developments in the Burgeoning Cannabis Industry
It now appears that Floridians will not have the opportunity to legalize marijuana by ballot initiative in the upcoming 2020 election. Make it Legal Florida, the organization attempting to get the issue on the 2020 ballot, announced on Monday that they will not be able to secure enough petition signatures to qualify the issue for the election.
Read MoreIn late May 2019, the Food and Drug Administration held a landmark hearing regarding a regulatory framework for CBD products. By July, Congress was already becoming impatient with the lack of progress. It is now January 2020, and the FDA does not appear to be much closer to releasing its long-anticipated regulations. Congress’s impatience has now turned into action.
Read MoreTo kick off 2020, we thought it would make sense to provide an update on what’s been going on in Illinois over the last few weeks (there’s been a lot) and is continuing to keep us extremely busy.
Read MoreIt’s official—the sale of recreational marijuana in Chicago will begin, as planned, on January 1st, 2020. Today, Governor J.B. Pritzker and Mayor Lori Lightfoot shot down an attempt by the City Council’s Black Caucus to delay sales of recreational marijuana in Chicago for six months. After a heated debate, the City Council ultimately voted 29-19 to defeat the proposal.
Read MoreAfter passing the House in September with bipartisan support, the SAFE Banking Act seemed to have momentum. Senate Banking Chair Mike Crapo even stated he wanted his committee to mark up the bill before the end of this calendar year. But after committee members raised a few small issues, negotiations slowed significantly, eviscerating the bill’s previous momentum.
Read MoreCalifornia cannabis businesses and consumers have faced a rash of challenges as state agencies hike taxes and suspend business licenses. There is no sign of let up. On November 21, the California Department of Tax and Fee Administration (CDTFA) announced hikes on next year’s cannabis mark up and cultivation tax rates. Effective January 1, 2020, the newest mark up rate will increase from 60% to 80%.
Read MoreDue to the holiday, we won’t have a new episode this week of the Joint Status Report podcast. But we did want to take a minute to express how thankful we are for our listeners and everyone that visits this blog.
Read MoreOn this episode of The Joint Status Report, Doug Sargent and David Standa discuss the results of the lottery for the early-use secondary sites to be placed in the City of Chicago (1:01), the passage of the MORE Act out of the House Judiciary Committee (5:39), the recent ADA/medical marijuana lawsuit filed against Amazon (11:19), and the concerning trend of ADA website-based lawsuits being filed against CBD companies (16:12).
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