Charlotte’s Web Holdings announced this week that they have just been approved for registration on Health Canada’s list of approved cultivars for 2021, allowing the company to bring their proprietary high-CBD strains into the country.
From licensing and bank accounts to installing the right shelves, here are a few things you should know before you open your doors to the public. Obviously, there’s going to be a lot of other hurdles and requirements that come with starting a business – but by remembering these five things, you’ll be off to a much better start than many others.
On July 1, 2021, Virginia will officially legalize adult use cannabis, following the state’s legislature approving the governor’s amendments to their plan. The state of Virginia has now finalized their legalization plans, setting in motion the launch of the very first legal adult use cannabis market in the American South.
Two new lobbying coalitions have emerged recently in the cannabis legalization movement, sparking some support, some backlash and mounting skepticism. One is backed by the Koch family and conservative thinktanks and another by the tobacco and alcohol industries.
Legislators in New Mexico have finalized a bill that establishes a regulatory framework for legalizing adult use cannabis sales. Governor Michelle Lujan Grisham signed the bill into law on April 12, 2021, making New Mexico the fifth state to legalize cannabis via the legislature.
Governor Cuomo signed The Marijuana Revenue and Taxation Act (MRTA) into law, legalizing adult use and possession of cannabis immediately. The bill also establishes the Office of Cannabis Management, which will launch and manage the regulatory system for the commercial cannabis market in New York.
The FDA issued warning letters to two companies this month, alleging FD&C Act violations stemming from marketing new drugs without approval. Companies marketing CBD products should be careful not to market OTC drugs containing CBD.
The rise of the SPAC-era and Canadian entry into the U.S. market will cause asset increases, but it is only the second chapter in the market expansion of cannabis.
States across the US are grappling right now with how to securely implement new cannabis patient registries amidst increasing data breaches and patient privacy concerns. Addressing those privacy concerns and HIPAA compliance is only the beginning.
On March 23, 2021, Cannabis Industry Journal is hosting our annual Cannabis Cultivation Virtual Conference. From Noon EST to 5 pm, you’ll get access to nine veterans of the cultivation market.
