Marijuana Business Daily

Canadian cannabis company Adastra gets permission to sell cocaine

Published

2 years ago

March 3, 2023

admin

British Columbia-based cannabis company Adastra Labs has been approved by Health Canada to possess, produce, sell and distribute cocaine, psilocybin and psilocin.

The company received its Controlled Drug and Substances dealer’s license for the psychedelics in August, according to a news release.

The license was amended in February to include cocaine.

The dealer’s license allows the company to:

Possess, produce, sell and distribute – for legal purposes only and not to consumers – up to 250 grams (8.8 ounces) of cocaine and to import and manufacture coca leaves to create synthetics. Possess, produce, sell and distribute up to 1,000 grams of psilocybin and psilocin.

A dealer’s license allows sales for clinical and scientific research or for medical purposes that have been legalized.

British Columbia decriminalized drug possession, effective Jan. 31, to allow adults 18 and older to possess up to 2.5 grams of opioids,

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Rejected applicants sue Minnesota over marijuana social equity licensing process

Published

2 days 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

4 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

6 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