NEWS & INSIGHTS
Welcome to the Yes Cannabis blog, your source for the latest news, updates, and insights into the rapidly evolving world of cannabis. As the legalization of cannabis continues to expand across the United States and around the world, our blog aims to provide you with accurate and up-to-date information on the many facets of this industry. Sign up for our newsletter and enjoy exciting content on everything from industry trends and new products to legal developments and social issues related to cannabis.
RECENT POSTS
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%.
Unleashing the Magic: The Rise of Cannabis Edibles
Ladies and gentlemen, gather around and prepare to have your taste buds delighted and your senses stimulated. The days of risky and uncertain cannabis-infused edibles are a thing of the past, replaced by a new era of standardized and properly labeled treats. Join me on this exhilarating journey as we explore the fascinating ascent of edibles in the continuously evolving landscape of cannabis.
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.
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.
Maryland Cannabis Legalization Takes Effect This Weekend, With Sales Set To Launch As Governor Reaffirms Equity Goals
Maryland is gearing up for the official implementation of its marijuana legalization law, set to take effect this weekend. The new law will legalize the possession and cultivation of cannabis for personal use, marking a significant milestone for the state. As the majority of existing medical cannabis dispensaries prepare to open their doors to adult consumers, Governor Wes Moore is reaffirming his commitment to fostering an equitable and inclusive cannabis industry.
California Department of Cannabis Control Invests in Expanding Licensed Cannabis Retail
The Department of Cannabis Control (DCC) has recently announced an exciting development in California, focused on expanding access to licensed cannabis retail. A total of 18 local jurisdictions have been selected to receive funding through a pioneering program that aims to facilitate the establishment of cannabis retail licensing pathways. This funding will not only enhance consumer access to cannabis products but also provide crucial support to equity operators, promoting a more equitable and inclusive legal cannabis market.
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.
Despite recent challenges, the California Cannabis GDP could still support a small island nation.
California’s marijuana industry continues to dominate as the world’s largest cannabis market, despite facing financial and tax challenges. According to the recently published MJBiz Factbook, the state is estimated to generate nearly $5.9 billion in legal recreational and medical marijuana sales in 2023. To put this into perspective, the revenue from marijuana sales in California could support the economy of a small island nation.
Georgia Approves Independent Pharmacies to Sell Cannabis Oil, Expanding Access to Medical Treatment
Georgia’s regulatory authorities have taken a significant step towards improving access to medical cannabis treatment for patients in the state. The state Board of Pharmacy has recently introduced a set of regulations that will allow independent pharmacies in Georgia to dispense cannabis oil to eligible patients enrolled in the state Department of Public Health’s registry, as reported by Northwest Georgia News.
New York Regulators Grant First Adult-Use Cannabis Retail Licenses in Finger Lakes Region
In a historic move, regulators in New York have granted approval for the issuance of adult-use marijuana retail licenses, signaling a major breakthrough for the cannabis industry in the Finger Lakes region. This decision comes after years of advocacy and debate surrounding the legalization of marijuana. The state’s Cannabis Control Board recently announced the allocation of 36 new licenses throughout New York, including seven in the Finger Lakes area. However, the exact timeline for these license holders to commence operations remains uncertain, creating some uncertainty within the industry.
Navigating the Evolving Regulatory Landscape: Key Considerations for Multi-State Expansion
As the cannabis industry continues to flourish and expand across multiple states, it is crucial for cannabis business owners and aspiring entrepreneurs to navigate the ever-changing regulatory landscape. In this blog post, we will explore the key considerations for successfully expanding a cannabis business across different states, ensuring compliance, and capitalizing on growth opportunities.
Glossary of Terms
If you’re new to the world of cannabis products, you may find that the industry has a wide range of terminologies that can be overwhelming. To help you make sense of it all, we’ve put together a comprehensive glossary of terms below.
Alcohol Extraction: A method of extracting cannabinoids from the hemp plant using alcohol as a solvent. This artisanal process can produce high-terpene CBD oil by using whole-plant material in smaller batches.
Broad Spectrum: CBD products that contain a wide range of cannabinoids and other beneficial compounds from the hemp plant, excluding THC. They offer the potential benefits of multiple cannabinoids without the psychoactive effects of THC.
Cannabinoids: Chemical compounds found in the hemp plant, including CBD, THC, CBC, CBG, and CBN, which interact with the body’s endocannabinoid system to support normal immune and nervous system functioning.
Capsules: CBD products in the form of easy-to-swallow pills, providing a convenient and consistent dose of CBD for on-the-go use.
CBC (Cannabichromene): A phytocannabinoid found in the hemp plant that may help improve recovery from exercise-induced inflammation and support overall well-being.
CBD (Cannabidiol): A non-psychoactive compound found in the hemp plant, known for its potential health benefits, including promoting a sense of calm, supporting recovery from exercise-induced inflammation, and aiding healthy sleep cycles.
CBG (Cannabigerol): A phytocannabinoid produced by the hemp plant that may help ease everyday stress and support a balanced mood.
CBN (Cannabinol): Another beneficial phytocannabinoid produced by the hemp plant, which, together with CBD, may help improve sleep quality and promote relaxation.
Certificate of Analysis: A document providing laboratory analysis results for cannabinoid-related products, including information on the product’s cannabinoid profile, potency, and purity.
Certified B Corporation: A certification for companies that meet strict regulations and demonstrate a commitment to balancing profits with social and environmental impact. Charlotte’s Web achieved Certified B Corporation status in 2020, reflecting their dedication to making a positive difference.
CO2 Extraction: The most commonly used method to extract cannabinoids from the hemp plant using supercritical carbon dioxide. This targeted extraction process efficiently preserves the beneficial compounds while minimizing the presence of impurities.
Endocannabinoid System: A bodily system responsible for regulating various processes, such as sleep, mood, appetite, and immune response. It interacts with cannabinoids, including CBD, to help maintain homeostasis (balance) in the body.
Entourage Effect: The synergistic effect produced by the combination of various compounds in the hemp plant, enhancing the overall effectiveness of full-spectrum CBD products compared to isolated CBD.
Flavonoid: Plant compounds found in full-spectrum CBD products that have beneficial antioxidant effects, potentially supporting overall well-being.
Full-Spectrum: CBD products that contain all the beneficial compounds from the hemp plant, including cannabinoids, terpenes, flavonoids, and more. This comprehensive combination of compounds is believed to enhance the therapeutic potential through the entourage effect.
GMO: Genetically Modified Organisms, which are plants altered using genetic engineering. Charlotte’s Web offers only GMO-free hemp oil, ensuring a natural and unmodified product.
Gummies: CBD-infused gummy candies, providing a tasty and convenient way to consume CBD. They come in various flavors and doses, offering a fun alternative for those who prefer not to use CBD oil.
Hemp Extract: Extract derived from the hemp plant containing various beneficial compounds, including CBD, other cannabinoids, terpenes, and flavonoids. It is used to create a wide range of CBD products.
Isolate/Distillate: CBD isolate refers to pure CBD extract with all other compounds removed, while CBD distillate contains a broad range of cannabinoids, terpenes, and flavonoids, excluding THC. Both forms are used in various CBD products.
Liposomes: Lipid-based carriers used to enhance the absorption and bioavailability of CBD. They can improve the body’s ability to absorb CBD and make it more efficient.
Microdosing: Consuming small, controlled doses of CBD throughout the day, typically with the goal of maintaining a consistent level of CBD in the system.
MCT (Medium-Chain Triglyceride) Oil: A type of fatty acid derived from coconut oil and often used as a carrier oil in CBD products. MCT oil helps improve CBD absorption and bioavailability.
Melatonin: A hormone produced by the body that regulates sleep-wake cycles. CBD products infused with melatonin may assist in improving sleep quality and promoting a healthy sleep routine.
Nanoemulsion: A technique that breaks down CBD particles into tiny droplets, increasing their water-solubility and enhancing their absorption and bioavailability.
Natural: CBD products made from naturally grown hemp plants without the use of synthetic chemicals, pesticides, or herbicides.
Organic: CBD products made from hemp plants grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), following organic farming practices.
Pesticide-Free: CBD products that are tested to ensure they do not contain harmful levels of pesticides or other agricultural chemicals.
Phytocannabinoids: Naturally occurring cannabinoids found in plants, including CBD and THC. These compounds interact with the body’s endocannabinoid system to support overall well-being.
Potency: The concentration and strength of cannabinoids, such as CBD, in a CBD product. Potency is typically measured in milligrams (mg) and indicates the amount of CBD per serving or dose.
Premium Hemp Extract: A high-quality CBD extract derived from organic hemp plants, carefully cultivated and processed to maintain the plant’s beneficial compounds.
Proprietary Genetics: Unique hemp plant strains developed through selective breeding to produce specific cannabinoid profiles, flavors, and aromas. Charlotte’s Web has proprietary genetics that have become renowned in the industry.
Psychoactive: Referring to substances or compounds that affect the mind, mood, or behavior. CBD is non-psychoactive, meaning it does not produce the intoxicating effects associated with THC.
Roll-Ons: CBD-infused products that come in a roll-on bottle for convenient application to the skin. They are designed for targeted relief and can be easily applied to specific areas of the body.
Seed-to-Shelf Control: A comprehensive approach that ensures quality control at every stage of the CBD production process, from cultivation to extraction, manufacturing, and distribution.
Sleep: CBD products specifically formulated to promote healthy sleep patterns and support restful sleep by combining CBD with other sleep-enhancing ingredients like melatonin.
Sports Cream: A CBD-infused topical cream designed to provide temporary relief from muscle soreness, joint discomfort, and exercise-related inflammation. It is often used by athletes and fitness enthusiasts.
Strains: Different variations or breeds of the hemp plant, each with its unique combination of cannabinoids, terpenes, and other compounds. Strains can produce varying effects and flavors.
Sublingual: A method of consuming CBD oil by placing it under the tongue, allowing for faster absorption into the bloodstream through the sublingual glands.
Terpenes: Aromatic compounds found in plants, including the hemp plant, that contribute to their distinct flavors and scents. Terpenes may also have their own health benefits and synergize with cannabinoids.
THC (Tetrahydrocannabinol): The primary psychoactive compound found in cannabis. In hemp-derived CBD products, THC levels are typically below 0.3%, resulting in no psychoactive effects.
Third-Party Testing: Independent laboratory testing performed on CBD products to verify their potency, purity, and safety. This ensures that the product meets quality standards and is free from contaminants.
Tinctures: Liquid CBD extracts made by infusing CBD-rich hemp flowers or isolate into alcohol, oil, or glycerin. They are typically consumed sublingually for fast and efficient absorption.
Topicals: CBD-infused products, such as creams, balms, and lotions, designed to be applied directly to the skin for targeted relief of muscle discomfort or skin conditions.
Transparency: A commitment to open and honest communication, providing clear information about a company’s processes, ingredients, and testing practices. It builds trust and ensures consumers can make informed decisions.
Vegan: CBD products that are free from any animal-derived ingredients and have not been tested on animals. They align with a vegan lifestyle and ethical considerations.
Water-Soluble: CBD products that have been processed to dissolve easily in water, improving their bioavailability and making them suitable for formulations such as beverages.
Wellness: A holistic approach to health and well-being that focuses on achieving balance and optimal functioning of the body, mind, and spirit. CBD is often used as a natural supplement to support overall wellness.
Whole Plant: CBD products that utilize the full spectrum of compounds found in the hemp plant, including cannabinoids, terpenes, flavonoids, and more. This maximizes the potential benefits through the entourage effect.
Zero THC: CBD products that have undetectable levels of THC, typically below the 0.001% threshold. They are ideal for those seeking the potential benefits of CBD without any THC exposure.
0.3% THC: Refers to the legal limit of THC content in hemp-derived CBD products. This trace amount of THC is not enough to produce psychoactive effects but may still have potential health benefits.
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