True Party of Interest includes, but is not limited to the following: a: applicant or licensee’s sole proprietor, partner (whether limited or general), member, manager, president, vice president, secretary, treasurer, officer, board member, trustee, director, or a person with equivalent title to each of the foregoing; b: Stockholder of applicant or licensee; c: each person that makes up the ownership …
The Biden Administration’s recent announcement on cannabis reform featured pardons for simple marijuana possession which may impact over 6,500 Americans. Additionally, the announcement included a statement that the President is initiating the administrative process to review how cannabis is scheduled under federal law. While most agree that the current placement of cannabis in Schedule I of the Controlled Substances Act …
On October 6th, 2022, President Joe Biden’s announcement on cannabis reform stated that he would be granting pardons for citizens with federal cannabis possession charges and urged states to follow suit. This could be life changing for a projected 6,500 Americans with cannabis possession charges on their record, who may currently face limited access to opportunities for employment, education, and …
Like most states, cannabis in Montana was outlawed during the 1920s prohibition era. Fast forward a few decades, and Montana experienced its own fame in the illegal cannabis market. In 1985, a failing Montana beef ranch turned to cannabis to bring in some profit and to pay off outstanding debt. The Kurth family owners of the ranch were successful in …
In order to apply for a Montana medical dispensary license, you must first apply for a Canopy License to become a Provider and/or MIPP. Applications for Canopy and Dispensaries can be processed concurrently. From January 1, 2022, until July 1, 2023, only Montana medical marijuana licensees who were licensed on November 3, 2020 (or had an application pending with DPHHS …
Answers for all your questions about the New Jersey cannabis market and licensing process. What cannabis business licenses are currently available in New Jersey? There are currently eight (8) cannabis business license types available in New Jersey: Cultivator Processing Wholesaler Distributor Retailer Delivery Microbusiness What are the licensing restrictions for cannabis cultivator licenses in New Jersey? The number of licenses …
New York is taking an unprecedented approach to supplying the incoming recreational market. The first wave of legal cannabis crops will come from cannabinoid hemp farmers in upstate New York. The outdoor, “sun-grown” crops are expected to supply the first wave of dispensaries scheduled to open at the end of 2022. It presents a unique and positive opportunity for those …
Answers for all your questions about the New York cannabis market and licensing process. Who qualifies for social equity, adult-use cannabis retail dispensary licenses in New York? The Marijuana Regulation Taxation Act (MRTA) sets the following qualifications for social equity applicants: Individuals from communities disproportionately impacted by cannabis prohibition Minority-Owned Businesses Women-Owned Businesses Veteran-Owned Businesses Distressed Farmers What are the …
Tim Berggren is an experienced strategic finance professional in the regulated medical and recreational cannabis industry. His prior work experience reflects a history of passion for the cannabis and technology fields. With skillful attention to detail, he has created comprehensive financial models, operational strategies, and business initiatives spanning more than 100 cannabis companies across the supply chain nationwide. In addition, …
An increasing number of states have been opening application programs for cannabis business licenses, though this process differs between states. In Illinois and Missouri, license programs are run statewide, but in states like California, New Jersey, and New York, licensing periods are determined by municipalities. Oftentimes, applications are only accepted during a short window of time and are graded on …
