Connect with us

Marijuana Business Daily

Cannabis licensing delays in Connecticut affecting total sales

Published

on


Nearly a year after Connecticut launched adult-use cannabis sales with only a handful of licensed operators, new entrants are struggling to crack into the market on the Eastern Seaboard.

Dozens of companies are still awaiting final approvals from state regulators as they navigate a lengthy and costly approval process, according to the Hartford Business Journal.

ADVERTISEMENT

According to the most recent state data:

36 applicants have received provisional licenses, or temporary approvals, as they work to get fully licensed. Some businesses have up to two years before their licensing window closes. 15 applications are pending.

Access to capital, securing real estate and municipal opt-outs are the primary hurdles facing startups and smaller, independent companies from entering Connecticut’s recreational marijuana market, the Hartford Business Journal reported.

The state’s adult-use market, which is dominated by multistate operators, opened in January with only 13 licensed cannabis companies

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

California’s capital city OKs marijuana consumption lounge licenses

Published

on

By


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.

ADVERTISEMENT

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

Continue Reading

Marijuana Business Daily

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

Published

on

By


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.

ADVERTISEMENT

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

Continue Reading

Marijuana Business Daily

Feds again delay requirement for hemp to be tested at DEA-licensed labs

Published

on

By


The U.S. Department of Agriculture has again extended a deadline for federally approved hemp to be tested at Drug Enforcement Administration-licensed labs.

Now, hemp produced under the USDA’s Domestic Hemp Production Program can have products tested at labs that aren’t certified by the DEA through the end of 2025, according to a Thursday news release.

ADVERTISEMENT

The USDA delayed the requirement last year, pushing a planned Dec. 31, 2023, deadline to the end of 2024.

Testing laboratories apparently are having difficulty meeting DEA requirements or receiving certification from the agency, according to feedback the USDA has received from state and tribal governments as well as labs themselves.

The USDA noted in its release there have been “setbacks” and “delays” for labs attempting to

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media