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Your Cannabis Business: Consistent Filings Are Critical

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Your Cannabis Business: Consistent Filings Are Critical

I helped people buy, sell and invest in hundreds of cannabis businesses. I have represented many more hundreds. The only thing that makes my work more difficult is work with cannabis companies that carry public records and reporting.

There are three pillars of public reporting or disclosure that business with cannabis should strive to support with maximum sequence: 1) ownership records submitted to the Secretary of State; 2) the ownership records submitted to the state and local cannabis regulators; and 3) ownership records submitted to the tax authorities. Internal records such as the companyAgreement on LaborOr the entry of the stock must also correspond to the information disclosed by the state body.

Unfortunately, for various reasons, many cannabis companies have put uneven information into the world. When it comes time to sell these enterprises or their assets or take on investment, or do standard things such as buying a bank account, controversial information can be a huge problem.

Records of ownership of the Secretary of State

Enterprises are created at the state level, usually by submitting articles (for corporation) or organization (for LLC). Some states require a greater disclosure of the ownership and management of companies than others.

Generally speaking, when I oversee, we reveal as little information as possible. However, people often take the opposite approach. There is nothing wrong with that; But you need to be accurate. You also need to make updates when changes occur, not just with the submission of business submission.

TPP RESPONSED WITH THE PURCHERS

We see problems here regularly. Perhaps the owners do not want to reveal someone with a problematic entry or control over the cannabis business; Or maybe the owner does not want to contact the business publicly; Or maybe someone left, and no one claimed responsibility for updating the regulators.

From our experience, regulators, like bankers, will usually cross applications against other public statements. In particular, they will check against the Secretary of State, mentioned above. Explanation of inconsistencies is never fun, and in some cases it may even be impossible. It is usually best to apply for a license as soon as everything is sorted. After receiving the license, the necessary disclosure of information is needed in a timely manner.

Ownership records with tax authorities

This type of submission does not fall into the same class as the two mentioned above. Generally and withSome exceptionsThe IRS may not disclose the company’s tax information to third parties unless the permit is given. However, the LLC, which is taxed as a partnership either S-corporation, will prepare the K-1 or 1120-S for each member. The corporation will list officers and directors directly in the form of 1120.

For example, if a member receives a K-1 but this member is not revealed by the Konabis State Regulator, as the rule requires, it can cause problems in the sale or other transaction context. The best practice is to make the tax submission meet other regulatory materials, as well as with the internal agreements of the company.

Wrap

Hope your business with cannabis hasEverything is okayWhen it comes to public reporting as well as internal documentation. If not, it is best to resolve the situation before the main event and the introduction of additional applications. Inaccurate feeds can sometimes move on, but usually add complications down.

If you have concern about how your business is engaged in submission or other documentation pleaseContact us. The best time is to solve this type of release now.

Source: Blog Law Canna

Message Your Business with Cannabis: Consistent filing is critical appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

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What Cultivators Are Talking About In New Jersey

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What Cultivators Are Talking About In New Jersey

New Jersey is a highly desirable cannabis market for new operators due to its rapid multi-billion dollar growth, strong consumer demand and status as one of the most profitable yet underserved markets on the East Coast.

Cultivators gathered at the recent IgniteIt event to share their perspective on the market. Genetic conservation, cost reduction, the future of breeding and what makes a great breeder were some of the key topics.

What makes a good cultivator?

In addition to operational cuts, the cultivator must be able to “read the room” in his cultivation room. Panelist Chad Salyut, Head of Cultivation at iAnthus, which has been growing since the 90s, says, “It’s not just the environment, the lighting or the watering strategy.” He added that great growers are the ones who can come in, read the plants and push them as hard as possible to get the most expression.

Salute explained that the best producers rely on constant observation and hands-on adjustments. They monitor subtle signs such as plant color, canopy structure and changes, and then fine-tune conditions daily. He compared the process to the training of athletes, noting that strong vegetative growth lays the foundation for peak performance later in the cycle. Ultimately, he said, the difference comes down to experience and instinct. The best growers can scan thousands of plants, detect small microecological problems, and make targeted changes that produce the highest quality results.

Josh Crane, Fractional Head of Innovation at Justice Cannabis, adds, “If someone doesn’t have those ‘goggles’, the best SOPs, the best building, and the best nutrients won’t get you to the best expression of that plant.” He added: “For each variety, I need a few rotations with the plant to really understand how it has responded to the changes we’ve made and if we’re getting the best out of that plant and if it’s going to stay in our cultivation for a long time.”

To read the rest of this Cannabis Industry Journal article, Click here

Post What New Jersey Growers Are Talking About first appeared on Marijuana Retail Report – News and information for cannabis retailers.

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Marijuana Retail Report

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Oregon’s 2026 legislative session began last week on February 2nd

Oregon’s 2026 legislative session began last week on February 2nd. The biennial “short session” will last just 35 days and will focus on budget deficits, transportation and housing — meaning cannabis is not a priority. However, of the approximately 300 bills introduced, there are four items related to cannabis. That’s where I come in.

A link to each bill with an explanation and redaction is below.

This is the annual cannabis bill. My source tells me it fell apart a few weeks ago when marijuana and hemp people couldn’t agree on key points around hemp-based alcohol products or how to implement new federal hemp laws and regulations. This is unfortunate because timing is of the essence in any short session.

For now, HB 4139 has been sent to an ad hoc task force led by the governor’s office and the Cannabis Industry Association of Oregon (CIAO). They met yesterday, apparently, at 1 p.m.

Here’s what the bill would do as introduced, with a few of my comments:

  • Defines “container” and “industrial hemp-derived cannabinoid product.” With some, it feels like a moving target federal definitions also in the near future.
  • The definition of “adult-use cannabis” is changing. (But only in connection with the above.)
  • Imposes a 17% retail tax on industrial hemp-derived cannabinoids. This is the same percentage charged on the sale of marijuana products in the Oregon Liquor and Cannabis Commission (OLCC) system. There is no provision in the bill for the 3% surcharge that normally applies to OLCC sales.
  • Orders the OLCC to immediately suspend the marijuana grower’s license for the reasons specified. The language includes a “probable cause” standard that appears potentially problematic from a due process perspective. This section also provides that an OLCC manufacturer’s license suspended under this subsection “shall not be transferable pending final resolution of the commission’s action relating to the suspension,” and it prohibits the OLCC from issuing a new license on the premises for 10 years.
  • Orders the OLCC to conduct an unannounced inspection of the commission-licensed premises for the reasons specified and request that law enforcement escort the OLCC to the premises. It is also tied to the probable cause standard. It feels less risky if we’re just talking about validation. (“Inspect” is defined, euphemistically, as “to examine or inspect formally.”)
  • The Oregon Department of Agriculture (ODA) is required to complete a criminal record check on the applicant for an industrial hemp license. Excellent. As with OLCC licensees.
  • An applicant for a license to grow industrial hemp is required to submit to the department a statement of land use compatibility and information related to the ownership of the land. Excellent. As with OLCC licensees.
  • Directs the ODA to conduct unannounced inspections of licensed premises for specified reasons and request a law enforcement escort to the premises. See comment above re: OLCC Licensee Inspections.

This is a medical marijuana bill aimed at patients and caregivers. I was told that it has traction and a working meeting tomorrow. Here are the main provisions:

  • Expands the definition of “debilitating medical condition” for the medical use of marijuana to include “the need for hospice, palliative care, comfort care, or other symptomatic treatment, including pain relief.” It feels like an uncontroversial cleanup job.
  • Requires an organization or residential facility designated as an additional guardian for a medical marijuana cardholder to establish and maintain a written policy and provide educational training for certain personnel regarding the medical use of marijuana. Excellent.
  • Exempts hospitals and hospital-affiliated clinics from the requirements. I’m pretty sure it has to do with federal law and insurance issues.
  • Protects an organization or residential facility, its employees and contractors from certain criminal liability related to the medical use of marijuana. Long overdue.
  • Prohibits the Oregon Board of Nursing from disciplining a nurse for discussing the medical use of marijuana with a patient. Long overdue.

This stupid bill was introduced by the United Food and Commercial Workers Local 555, which is trying to get its own initiative overturned. My guess is that the UFCW is doing this because the US District Court ruled that the initiated law is unconstitutional, as predicted, and they don’t want “more bad law” if the Ninth Circuit upholds that decision.

I’ve written extensively about the waste of taxpayer money that the Ballot Measure 119 saga represents. See here, here, here, here, here, here, here, here and here. In short, BM 119 required most Oregon cannabis businesses to enter into labor peace agreements with “approved unions” in order to renew or obtain a license. May 20thousandDistrict Court of Oregon beat him. The case is pending appeal, but HB 4162 could quietly debate it if passed.

Basically, HB 4162 is the equivalent of the Union saying, “Hey, Legislature, please repeal this law, which you warned would be legally flawed, but which we convinced the voters to approve directly regardless. We’ll stop wasting taxpayer money if you help us repeal ourselves. (At least for now.)”

This is a public health and prevention bill introduced by the chairman of the Senate Conduct Committee. I’m told Monday’s hearing was contentious between that side of the aisle and the industry. Here are the main provisions:

  • It requires individual packaging of cannabinoid food products and allows for up to 10 milligrams of adult cannabinoids per cannabinoid food product. The industry’s argument here is the packaging requirements for cannabis create huge wasteand are an affront to sustainable development. This is a good argument.
  • It requires cannabinoid-containing foods and other cannabinoid-containing products to be packaged in a manner that “reasonably” meets the specific purpose of protecting minors from the adverse health effects of the “illegal use” of cannabinoid-containing foods and other cannabinoid-containing products. See comment above.
  • Allows local governments to create buffer zones more than 1,000 feet wide around adult medical cannabis and marijuana in the interest of public health and safety. The Legislature has been working for years on the buffer zone, on grandfathering concepts and all that. There is no compelling health or safety reason for local authorities to reduce the accommodation radius; it should be left alone.

Let’s wrap it up for now

I’ll be back at the end of the session and let you know what happened, if anything. Aside from the farcical HB 4162, whatever passes will likely look markedly different in its final form than the registered drafts we see today. Stay tuned.

Source: Legal Canna Blog

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Conversations in Cannabis: Martin Anker, CEO & Founder of SANlight

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Conversations in Cannabis: Martin Anker, CEO & Founder of SANlight

Martin Anker is the main executive director A sanitial lightA leading Austrian company specializing in high -performance LED lanterns for gardening and growing indoors. San Svetlo, founded in Sruna, Vorarlberg became a global innovator under the guidance of anchor, known for combining advanced lighting technologies with sustainability and science of plants. With the basis of engineering and admiration for both technologies and gardening, Anker managed the company to develop advanced LED solutions, which maximize the minimization of energy consumption and the trusted partner for both professional cultivators and producers around the world.

In addition to supervision of products, Anker posted Sanlight as a caregiver and lawyer in the agricultural space, which is controlled by the environment. It regularly participates in industry conferences, exhibitions and expert panels, where it emphasizes the importance of efficiency, quality and design, which is managed by research, in the field of cultivation. His vision helped Sanlis earn recognition not only as a leading manufacturer of Red systems, but also as a leader of thought that forms the future of sustainable agriculture and plant lighting technology.

I sat down with Martin to discuss the recent Sanlight extension in the US and A2Z what the Pop plant does. All this and much more in this episode of talking on the cannabis.

We would like to thank Martin for the time he was in today’s episode. You can find out more about Sanlight by visiting them online at www.sanlight.com. This will do this for us today, as always, thank you for listening and make sure you keep track of the next episode here about the conversations in the cannabis.

Message Talks in Cannabis: Martin Anker, CEO and Founder Sanlight appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

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