Ensuring Entrepreneurs and Businesses Stay Informed of Developments in the Burgeoning Cannabis Industry

Happy Holidays! Cannabis Regulators Announce Higher Taxes and Suspend Cannabis Permits in California

California 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%.

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The Joint Status Report, A Cannabis Industry Podcast Presented by Locke Lord – Ep. 16

On 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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Michigan Recreational Marijuana Sales Will Begin December 1 From Existing Medical Inventory

Last week, the Marijuana Regulatory Agency announced that the sale of recreational marijuana can begin December 1, 2019, which is earlier than most anticipated. In another pleasant surprise, the recreational market will not be required to start from scratch with new grows earmarked specifically for recreational marijuana.

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The Joint Status Report, A Cannabis Industry Podcast Presented by Locke Lord – Ep. 15

On this episode of The Joint Status Report, Doug Sargent and David Standa discuss The Hounds Lab marijuana breathalyzer and how it could be implemented by law enforcement (:45) and the upcoming lottery for the early-use secondary sites to be placed in the City of Chicago (5:08). Additionally, David and friend of the podcast, Irina Dashevsky, interview Mallory Czuchra of National Cannabis Insurance Services (www.ntlcannabis.com) about the need for insurance in the industry and the challenges with pricing the various insurance products (8:01).

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California Authorities Ramp Up Efforts to Reduce Illegal Cannabis Growing Operations

Two recent articles from the Los Angeles Times suggest that authorities in California have increased their efforts (and perhaps their effectiveness) in curbing illegal cannabis grown in the state. According to one article, 345 state law enforcement raids this year resulted in the seizure of almost 1 million marijuana plants from unlicensed growers.

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