California Legislation Aims to Revolutionize Marijuana Plant Tracking for Environmental Sustainability

California Legislation Aims to Revolutionize Marijuana Plant Tracking for Environmental Sustainability

In a significant move towards enhancing environmental sustainability and reducing plastic waste, the California legislature has passed a bill that will revolutionize the way marijuana plants are tracked within the state. Proposed by Senator Ben Allen, this legislation has garnered unanimous support in both chambers, with the Senate recently endorsing it in a final concurrence vote.

While the bill’s text does not explicitly address the current use of single-use plastic tags in California’s cannabis tracking system, industry insiders and cannabis businesses contend that this transition away from plastic tags will not only prevent waste but also save the state millions of dollars.

The existing law mandates the issuance of a unique identifier for each cannabis plant, to be attached at the base of the plant or as otherwise required by regulations. The new bill, if signed into law by Governor Gavin Newsom, would shift the responsibility of determining the unique identifier’s recording method to the Department of Cannabis Control (DCC), giving regulators the flexibility to implement more ecologically sound tracking methods, potentially including digital tags.

Tiffany Devitt, head of regulatory affairs at CannaCraft, a vertically integrated cannabis company, emphasized the urgency of this change, stating, “We eagerly anticipate Governor Newsom’s signature on SB 622, drawing attention to the impact of the past five years: the state has used between 200 and 250 million plant tags, resulting in over 1 million pounds of plastic waste. Astonishingly, this waste carries a price tag of approximately $15 million annually, as the state of California purchases these tags and distributes them to cannabis farms. The most unfortunate aspect of this situation is that these tags failed to fulfill their intended purpose of preventing diversion.”

This shift in policy represents a step forward in addressing not only environmental concerns but also the financial implications of a wasteful system. Policymakers at both the state and federal levels have expressed concerns about the environmental damage caused by illegal marijuana cultivation, including the use of banned pesticides that can harm wildlife. A bipartisan bill in Congress has even aimed to combat illicit cultivation sites in California. However, Senator Allen’s bill targets a different environmental aspect, highlighting how even regulated markets can inadvertently contribute to waste.

Supporters of the legislation include prominent entities like the California Cannabis Industry Association (CCIA), California NORML, Cresco, Humboldt County Growers Alliance, Kiva Confections, Pax, and Project CBD.

In 2021, the California Department of Fish and Wildlife introduced the Cannabis Restoration Grant Program, allocating $6 million in funds from marijuana tax revenue to assist small cultivators in environmental cleanup and remediation efforts.

Meanwhile, as New York prepares to launch its adult-use marijuana program, regulators have proactively endorsed rules to limit plastic usage and promote sustainability in cannabis packaging, aligning with the broader trend towards environmentally responsible practices.

In the California legislature, another cannabis-related bill is now on the cusp of becoming law following a final Assembly vote. This measure would legalize marijuana cafes, allowing dispensaries to serve non-cannabis food and drinks on-site, provided they obtain local approval.

Additionally, the Assembly Appropriations Committee recently approved a Senate-passed bill designed to enhance protections for workers who use cannabis during their off-duty hours. Although the committee incorporated technical amendments to Senator Steven Bradford’s original proposal, the bill is poised to return to the Senate for concurrence if approved by the full Assembly.

In another significant development, the legislature recently forwarded a bill to the governor’s desk that would legalize the possession and cultivation of small amounts of certain psychedelics for adults. This bill also seeks to establish a work group to explore potential regulatory models for therapeutic and facilitated use of these substances, underscoring California’s continued role as a progressive leader in drug policy reform.

In summary, California’s groundbreaking legislation to reform marijuana plant tracking demonstrates the state’s commitment to environmental sustainability and reducing plastic waste. This move not only benefits the environment but also saves the state millions of dollars annually. As the cannabis industry continues to evolve, California’s proactive approach to addressing its environmental footprint sets a precedent for responsible regulation and sustainable practices.

Source: Marijuana Moment

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Major Corporations Investing in Cannabis

As cannabis legalization continues to spread across the country, major corporations are increasingly taking notice and investing in the industry. In April of 2023, a major beverage company announced a $100 million investment in a cannabis-infused drink startup, signaling the growing trend of large corporations entering the cannabis space.

Navigating the Path to Stability: Receivership as an Alternative to Bankruptcy for Struggling Cannabis Businesses

As the cannabis industry continues to experience rapid growth and profit potential, businesses operating within this space face unique challenges and complexities. Financial distress may strike even the most promising cannabis enterprises, leaving them searching for viable solutions beyond traditional bankruptcy protection. In such cases, receivership emerges as an equitable remedy—a legal process that empowers a court-appointed receiver to take control of a distressed business. In this article, we will delve into what receivership entails and explore its significance as an alternative to bankruptcy for struggling cannabis companies.

State-Level Tax Relief Provides Welcome Respite for U.S. Cannabis Industry

The U.S. cannabis industry is finally experiencing some much-needed tax relief as an increasing number of states pass laws to exempt businesses from Section 280E of the federal tax code. With 20 states having implemented these exemptions, cannabis operators are beginning to see a glimmer of hope amidst the burdensome tax landscape.

Historic Milestone: Georgia Becomes First State to Allow Medical Cannabis Sales in Hundreds of Pharmacies

In a groundbreaking development, the Georgia Board of Pharmacy has opened its doors to applications from nearly 120 pharmacies looking to provide medical marijuana products. This historic move makes Georgia the first state in the nation to permit the sale of low-dose cannabis within independent drug stores.

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Spotify Breaks Ground with First-Ever Cannabis Ads in Partnership with Cresco Labs

Spotify Breaks Ground with First-Ever Cannabis Ads in Partnership with Cresco Labs

Spotify, the world’s leading music streaming service, has always been known for its bold and innovative approach. In a groundbreaking move, Spotify has become the first streaming platform to embrace cannabis advertising through its new collaboration with Cresco Labs (CRLBF).

The campaign marks a significant convergence of two influential industries: cannabis and music streaming. Spotify boasts an impressive user base of over 220 million subscribers as of the first quarter of 2023, according to Statista, making it a prime target for advertisers seeking broad reach.

Cresco Labs, headquartered in Chicago, Illinois, is the owner of the renowned Sunnyside cannabis dispensary brand. The company believes that advertising on Spotify, one of the most frequented music streaming platforms, will effectively connect with cannabis enthusiasts—an unsurprising association given the historical link between music and marijuana.

Cory Rothschild, National Retail President of Cresco Labs, expressed the company’s enthusiasm for this groundbreaking partnership: “Audio streaming services represent a major opportunity for brands to reach large audiences in a targeted manner, and we’re excited to collaborate with Spotify to launch the first-ever cannabis ads from our Sunnyside national retail brand. Our Sunnyside advertising strategy is built on a data ecosystem enabling best-in-class targeting and measurement. Spotify’s platform will enable our marketing team to target our ads compliantly and profitably to our core shoppers in Illinois where we have a leading share in retail.”

Rothschild also highlighted the broader significance of this partnership, stating, “This important partnership is not only a step in normalizing cannabis, but it also showcases the sophistication and quality of marketing that we have unlocked at Cresco Labs.”

The Cresco ad campaign is expected to center on the Sunnyside “shopping experience.” It will feature 30-second audio advertisements and in-app digital banners, primarily focusing on the company’s proprietary e-commerce platform.

Spotify has earned a reputation for being an affordable platform for advertisers, with per-ad prices starting at just $250.

In this innovative partnership, Spotify and Cresco Labs are not only pushing boundaries but also contributing to the evolving landscape of cannabis advertising, marking a significant step toward its normalization.

 

Source: The Street

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Major Corporations Investing in Cannabis

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Cannabis Milestone: Vermont’s Thriving Marketplace Surpasses $100 Million in Sales

Vermont’s cannabis marketplace is celebrating its first year of operation, and the results are nothing short of impressive. With projections indicating retail sales for the current fiscal year reaching over $100 million, the state has reaped more than $20 million in additional revenue. This milestone underscores the success of Vermont’s foray into regulated cannabis sales.

BDSA Adjusts Global Cannabis Sales Forecast Downward by $5 Billion

In a recent update to its global cannabis market forecast, BDSA, headquartered in Colorado, has revised its sales projections. The new estimate anticipates that the industry will reach $55 billion in sales by 2027, representing substantial growth from the $32 billion recorded in 2022.

Proposed Legislation Aims to Address Cannabis Taxation Issues in California

Under the Adult Use of Marijuana Act, the cannabis excise tax in California is currently set at 15% of gross receipts from licensed retail cannabis sales. In addition to this state-level tax, many local governments impose their own additional taxes on cannabis, with some jurisdictions, including Los Angeles, charging as high as 10%.

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Cannabis Milestone: Vermont’s Thriving Marketplace Surpasses $100 Million in Sales

Cannabis Milestone: Vermont’s Thriving Marketplace Surpasses $100 Million in Sales

Vermont’s cannabis marketplace is celebrating its first year of operation, and the results are nothing short of impressive. With projections indicating retail sales for the current fiscal year reaching over $100 million, the state has reaped more than $20 million in additional revenue. This milestone underscores the success of Vermont’s foray into regulated cannabis sales.

In October of the previous year, the Vermont Cannabis Control Board took the pivotal step of granting licenses to a select few retail stores. Since then, the Control Board has been tirelessly working to expand its reach, and the fruits of their labor are evident with the issuance of nearly 70 retail licenses, with more in the pipeline.

James Pepper, the Chairman of the Control Board, is enthusiastic about the positive response from Vermont consumers to the state-controlled cannabis marketplace. He notes that consumers have demonstrated a strong preference for regulated products. They seek out the educational resources provided, desire transparency through labeling, and appreciate the consistency and variety offered within the state’s regulated cannabis market.

Pepper is optimistic about the financial windfall that these cannabis sales will bring to the state. The substantial new revenue is slated to make a significant impact on vital programs. The chairman highlights that the funds will primarily bolster “after school” programs, providing opportunities for Vermont’s youth to engage in constructive activities during their free time. Additionally, the revenue will be channeled into drug education and prevention programs, serving as a proactive measure to address substance abuse and related issues.

As Vermont’s cannabis marketplace gains momentum, it not only offers an opportunity for responsible adult use but also contributes to the betterment of the state’s communities. The success of this venture demonstrates the effectiveness of regulated cannabis sales in meeting consumer demand while simultaneously benefiting important social initiatives. Vermont’s journey into the world of legalized cannabis continues to set an example for responsible and profitable cannabis regulation across the nation.

For More Information, Visit https://www.vermontpublic.org/local-news/2023-09-18/vermonts-cannabis-marketplace-has-been-open-for-a-year-and-is-generating-millions

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Major Corporations Investing in Cannabis

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Cannabis in the Wild: Exploring Natural Growth and its Impact on Markets in the United States

Cannabis, a versatile plant with a long history of human cultivation, has been making headlines in recent years. While it’s commonly associated with recreational use and medicinal properties, one intriguing aspect is its natural growth in certain regions of the United States. This article delves into the science behind the cannabis plant and why specific regions are more hospitable to its growth. It also explores the implications of natural cannabis growth on the current markets, encompassing economic opportunities, genetic diversity, regulatory challenges, and environmental impact.

10 Gift Ideas for Cannabis Enthusiasts

Slowly but surely, state by state, the U.S. is continuing to embrace cannabis. With the increasing number of states legalizing or decriminalizing weed, the market for innovative cannabis products is growing rapidly. Need a great gift idea? Why not upgrade the experience for your cannabis-friendly friends with some high-tech gifts designed specifically for cannabis users? From consumption devices to storage containers, here are nine cutting-edge gift ideas from startups and established companies that are making a mark in this booming industry.

Los Angeles Launches Job Board for Local Cannabis Licenses, Boosting Social Equity Benefits

The city of Los Angeles has taken a significant step towards fostering a healthier and more equitable licensed cannabis market with the launch of a dedicated job board. This innovative initiative aims to connect individuals seeking employment opportunities in the cannabis industry with licensed businesses in the local Los Angeles area.

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New Jersey Cannabis Regulators Propose New Permits to Facilitate Research Partnerships with Dispensaries

New Jersey Cannabis Regulators Propose New Permits to Facilitate Research Partnerships with Dispensaries

New Jersey’s cannabis regulatory authorities are currently open to public feedback regarding an innovative proposal aimed at introducing a novel permit. This permit would enable “clinically focused” dispensaries to collaborate with research institutions, facilitating comprehensive studies on cannabis using the products they cultivate and sell to patients.

The New Jersey Cannabis Regulatory Commission (CRC) is actively seeking to amend the state’s existing marijuana legislation to establish what they are terming “clinical registrant permits.” These permits are designed to encourage more targeted research into the medical benefits of cannabis, particularly in therapeutic or palliative contexts. Importantly, this research would not rely on externally sourced cannabis products.

Under the proposed system, clinical registrants would possess the same privileges as traditional dispensary license holders. However, they would also have the unique capability to form “written contractual relationships with academic medical centers in their respective regions.” These partnerships would empower them to engage in clinical research centered around the use of medical cannabis.

In essence, this groundbreaking initiative would permit researchers to conduct clinical trials involving patients within the state, utilizing the very cannabis products that patients purchase from dispensaries.

The proposed rules state, “A clinical registrant may dispense usable medical cannabis and medical cannabis products, in any form authorized by an institutional review board (IRB), directly to an academic medical center as part of a research study.” Additionally, academic medical centers engaging in such research would be required to handle cannabis items with the same high standards applied to other patient medications.

It’s important to note that clinical registrants would be prohibited from simultaneously holding non-clinical medical cannabis cultivation, manufacturing, or dispensary permits, or a personal-use cannabis business license. Furthermore, academic research institutions partnering with clinical registrants would be restricted from accepting “anything of value” from these clinically focused dispensaries, except for reasonable compensation stipulated in the research contract.

The public is invited to provide comments on this proposal until October 6, with the CRC emphasizing that these new rules could substantially benefit society by achieving the statutory objective of ensuring safe access to medical cannabis for patients in need through the introduction of this additional permit type.

This novel permit type could play a pivotal role in addressing research gaps caused by federal cannabis prohibition. Researchers have been burdened by stringent registration procedures with the Drug Enforcement Administration (DEA) to access cannabis for studies. Additionally, they have had to rely on government-grown cannabis products that are often of inferior quality and potency compared to those available in state-legal cannabis markets.

This issue was a point of discussion during a recent meeting among representatives from several federal agencies. Nora Volkow, the Director of the National Institute on Drug Abuse (NIDA), has herself expressed support for allowing researchers to study cannabis from state-licensed retailers.

While a bill signed by President Joe Biden last year aimed to streamline the cannabis research process, it lacked provisions found in a House version that would have granted scientists access to cannabis from licensed dispensaries.

Many of the research roadblocks surrounding cannabis could potentially be resolved if the U.S. Department of Health and Human Services (HHS) recommendation to reclassify the substance from Schedule I to Schedule III under the Controlled Substances Act (CSA) is accepted. However, it remains uncertain whether the Drug Enforcement Administration (DEA) will endorse this recommendation.

Source: Marijuana Moment

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Major Corporations Investing in Cannabis

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Historic Milestone: Georgia Becomes First State to Allow Medical Cannabis Sales in Hundreds of Pharmacies

In a groundbreaking development, the Georgia Board of Pharmacy has opened its doors to applications from nearly 120 pharmacies looking to provide medical marijuana products. This historic move makes Georgia the first state in the nation to permit the sale of low-dose cannabis within independent drug stores.

Unlocking Entrepreneurial Success in the Booming Cannabis Industry

In recent years, the cannabis industry has undergone a remarkable transformation, transitioning from an underground market to a legitimate and rapidly expanding sector. With the legalization and decriminalization of cannabis in various regions, entrepreneurial opportunities within the cannabis space have flourished. This comprehensive article explores the vast potential for entrepreneurship in the cannabis industry, covering crucial aspects such as starting a cannabis-related business, navigating complex regulations, crafting effective marketing strategies, exploring investment prospects, and drawing inspiration from successful stories.

New York Expands Legal Cannabis Industry and Cracks Down on Illegal Market

New York has initiated a major expansion of its legal cannabis industry by opening applications for hundreds of new marijuana business licenses. This move follows a slow start, with only about two dozen retailers operating since adult-use sales began last December. The application period will run until December 4, and licenses are expected to be awarded early next year.

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Where Energy Utilities Can Boost Your Bottom Line

Where Energy Utilities Can Boost Your Bottom Line

For indoor cultivators, energy costs often rank among the top expenses in their budget. While some growers accept this as a necessary business cost, savvy operators can gain a competitive edge by reducing energy expenses. What’s more, tapping into available incentives to enhance energy efficiency and adopt clean energy technologies can lead to even greater advantages, including substantial rebates.

Capturing Energy Efficiency Rebates

To seize energy efficiency rebates, follow these steps:

  1. Local Research: Explore available programs on the utility provider’s website or contact their customer service to inquire about incentives for businesses, especially those related to cannabis cultivation.
  2. Eligibility Check: Ensure your cannabis business meets all necessary requirements, including equipment eligibility, licensure, account type, location restrictions, and compliance with relevant laws. Watch for incentive caps.
  3. Documentation: Gather required documentation, such as energy savings analysis, cost data, equipment specs, and more. Submit your application accurately and be prepared to respond to utility inquiries. Outsourcing this step to a third party can streamline the process.
  4. Government Programs: Research additional grants, rebates, or programs from state governments supporting energy efficiency and sustainable agriculture initiatives.
  5. Post-Installation: After approval and equipment installation, inform your energy efficiency program for a post-installation inspection. Once approved, you’ll receive your incentive payment.

Unlocking the Potential

Surprisingly, many electric utilities across the country encourage growers to consume less power due to the high cost of energy production, especially during peak demand periods. These local utilities, particularly large investor-owned ones, offer incentives to cannabis cultivators for purchasing and installing equipment like LED horticultural lights, custom HVAC systems, environmental controls, and industrial technologies such as combined heat and power (CHP) or gas-driven chiller systems. Additionally, rebates are available for non-growing equipment like office lighting, retail spaces, and kitchen equipment, among others.

Northeast Opportunities

The Northeast boasts some of the most attractive utility incentive programs. Connecticut, for instance, offers incentives of up to 40 cents per kilowatt-hour saved during the first year or up to 95% of the incremental cost. Maine also provides enticing programs with rebates of 28 cents per kWh saved or up to 75% of the incremental cost. Other states with valuable incentive programs include New Jersey, New York, and Massachusetts.

Mid-Atlantic Advantages

Cannabis operators in the Mid-Atlantic states benefit from established and lucrative energy efficiency programs. New Jersey offers flat incentives for DLC-listed LEDs, while Maryland companies can receive up to 20 cents per kWh saved and up to 50% off energy-efficient technology. Solar and other clean-tech incentives may also be accessible in these states.

Midwest Offerings

The Midwest generally offers decent utility incentive programs. Michigan, for example, provides incentives at around 8-10 cents per kWh saved or up to 75% of the incremental cost, with retroactive rebates available for projects installed up to nine months prior. Oklahoma’s largest utilities offer incentives covering up to 75% of project costs.

West Coast Experience

West Coast utilities have extensive experience with regulated cannabis businesses. Notable programs include those offered by the Energy Trust of Oregon. In California, opportunities for incentive dollars primarily focus on retrofit and new HVAC projects.

Rocky Mountain Rewards

States in the Rocky Mountain region, such as Arizona, Montana, New Mexico, and Utah, offer appealing incentives. Xcel provides rebates for LED installations, while other utilities distribute incentives evenly between lighting and HVAC projects.

Southeast Challenges

Many Southeastern states lack high-paying incentive programs or even any incentive programs at all. States like Alabama, Florida, Georgia, and Mississippi have weak energy efficiency programs.

But What About Solar?

The cannabis industry, known for its energy-intensive indoor growing practices, is increasingly turning to solar power to address its environmental impact. As the sector expands with legalization, solar solutions are emerging as a transformative force in reducing energy consumption and carbon emissions. Solar-powered grow rooms not only cut production costs but also allow for precise control of growing conditions, optimizing cannabis quality while minimizing environmental harm. For a deeper dive into how solar energy is revolutionizing the cannabis industry, check out our comprehensive article here.

Tailoring Your Approach

Utility energy efficiency programs typically come in two forms: custom and prescriptive. While custom programs are suitable for larger, complex projects requiring site-specific analysis, prescriptive programs offer fixed-price incentives for readily available measures. Depending on your project, you may choose the most suitable program to maximize your incentives.

In conclusion, proactive engagement with utility incentive programs can significantly reduce energy costs, enhance your bottom line, and position your cannabis business for success in a competitive market.

Source: Marijuana Venture

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Major Corporations Investing in Cannabis

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The Changing Landscape of Cannabis Product and Sourcing Choices

According to the latest data from New Frontier, consumer behavior regarding the purchase of cannabis products is experiencing a notable shift. The data reveals that more consumers are opting to order their cannabis products from brick and mortar dispensaries, indicating a growing preference for in-person shopping experiences. In 2022, 34% of consumers chose physical dispensaries, and this figure has risen to 43% in 2023. Additionally, there has been a slight reduction in cannabis delivery, with 18% of consumers utilizing this option in 2022, which has decreased to 15% in 2023. This trend can be attributed to a post-COVID era where individuals feel more comfortable leaving their homes and seeking out physical retail experiences. In this article, we will explore the normalization of cannabis product and sourcing choices, and how these changes are shaping the industry.

A Green Opportunity: Advertising in the Cannabis Industry

The cannabis industry has undergone a remarkable transformation in recent years, evolving from a taboo, underground market to a legitimate, booming industry. As legalization continues to spread across the United States and other parts of the world, businesses within the cannabis sector are faced with a unique challenge: how to effectively advertise their products and services in a heavily regulated and stigmatized environment.

Elevating Cannabis Brands: The Path to Luxury Through Sensory Science and Consumer-Accessible Branding

Cannabis brands are currently at a crossroads, faced with a critical decision: whether to steer their product towards becoming a luxury consumable or an affordable agricultural commodity. While the trajectory of the cannabis market seems destined to evolve into a luxury goods industry, akin to wine and spirits, the foundations of such luxury brands in other markets were built over years of engagement between consumers, connoisseurs, and producers. To successfully market cannabis products as luxury items, a concerted effort towards well-defined, consumer-accessible branding is required.

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