Hong Kong bans increasingly popular CBD products

Published

2 years ago

February 6, 2023

admin

A new law in Hong Kong bans the sale and production of CBD, imposing severe penalties and pulling the rug out of an increasingly popular market.

The Hong Kong government last week announced that CBD was included in the Dangerous Drugs Ordinance, putting the cannabinoid alongside the likes of cocaine and methamphetamine.

“The substance will be under the same strict control as other dangerous drugs,” according to the government’s announcement.

CBD had been legal and sold in the city’s retail stores and cafes.

The move brings Hong Kong’s rules on CBD more in line with the mainland, which imposed a strict ban on the cannabinoid in 2022.

Hong Kong’s first CBD cafe, called Found, opened in 2020, selling CBD-infused massage oils, cookies and coffee, The Washington Post reported.

Altum International, which owns Found, told the newspaper it will turn its focus to other markets, namely Australia

Read full article on Marijuana Business Daily

Source link

Rejected applicants sue Minnesota over marijuana social equity licensing process

Published

22 hours ago

November 22, 2024

admin

Two women are suing Minnesota’s cannabis regulator after being denied an opportunity to participate in the upcoming lottery for adult-use marijuana social equity business licenses.

Cristina Aranguiz and Jodi Connolly allege in a lawsuit they filed Thursday allege that Minnesota’s Office of Cannabis Management (OCM) made an “arbitrary and capricious decision” in denying their applications to participate in the lottery and offered no explanation, the Minnesota Reformer reported.

Earlier this week, the OCM announced that roughly two-thirds of the 1,817 social equity license applicants had been disqualified because they failed to complete the application process, turned in multiple applications or disguised the true investors in their companies.

The plaintiffs’ complaint – which also names the OCM’s interim director, Charlene Briner – alleges

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

California’s capital city OKs marijuana consumption lounge licenses

Published

3 days ago

November 20, 2024

admin

The Sacramento City Council approved a measure that paves a path for California’s capital to issue consumption lounge licenses sometime in 2025.

The ordinance was approved 5-4 on Tuesday, despite opposition from certain Council members, the American Heart Association and American Cancer Society, according to The Sacramento Bee.

The organizations highlighted the effects of secondhand smoke on employees, customers and neighbors.

Similar concerns about smoke ventilation has led to lengthy delays in other markets, including Nevada, where regulators ultimately eased ventilation standards so operators could comply with the new rules without installing costly system overhauls.

Sacramento officials expect to issue permits in the first half of next year after the Council considers cannabis land-use and zoning amendments, the Bee reported.

When those

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Missouri’s double-tax practice on marijuana is unconstitutional, court rules

Published

5 days ago

November 18, 2024

admin

Local governments in Missouri can add a 3% local tax on marijuana products to state sales tariffs, but the law forbids cities and counties to “stack” local levies on top of one another.

That’s the “unambiguous” language in the state constitution, according to a Missouri Court of Appeals decision that’s set to cut retail taxes on marijuana products in St. Louis County.

Ninety of the state’s 114 counties imposed a 3% local cannabis tax on top of the state’s 14.98% sales tax, the Missouri Independent reported.

But 74 of those counties also include a city or town that’s imposed its own 3% on top of the county lax.

That’s the practice that the appeals court says is unconstitutional.

The challenge was centered

Read full article on Marijuana Business Daily

Source link