Marijuana Business Magazine May-June 2019
Washington state Recreational cannabis cultivators in the state are using less than half their allotted licensed canopy, according to a report conducted by the Liquor and Cannabis Board (LCB), which could open the door for regulators to step down growers’ licenses to a lower tier. Current rules state that licensees must produce 50% of their licensed canopy or the LCBmay reduce the licensed tier. According to the report, however, “enforcing this …would be difficult due to the prevalence of underutilization of canopy and likely produce unintended effects on the market.”The Year One Canopy Report consisted of 792 surveys—778 staff surveys and 14 drone surveys—that found,“on average, both indoor and outdoor canopy space is underutilized.” West Virginia Gov. Jim Justice signed a medical cannabis banking bill that will allow state finan- cial institutions to bid on providing banking services surrounding West Virginia's MMJ program, clearing one obstacle to a medical marijuana program. House Bill 2538 also allows the state treasurer to collect funds for banking services and for the Medical Cannabis Program Fund to gather MMJ program-related fees. The following day, the governor vetoed a different medical marijuana bill, saying it “favors wholly vertically integrated businesses” by taxing them at a lower rate than stand-alone cultivators, processors and retailers. Note: Entries sourced from Marijuana Business Daily, Hemp Industry Daily and other international, national and local news outlets. These developments occurred before this magazine’s publication deadline, so some situations may have changed. the industry is evolving GROWWITH IT expert coding and marking for cannabis packaging High Resolution Technology Variable Data Printing Substrate Flexibility Industry Experience reajetus.com
RkJQdWJsaXNoZXIy Nzk0OTI=