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California marijuana regulators extend license fee deferrals due to the coronavirus

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The trio of regulatory agencies that oversee California’s marijuana industry announced Monday that they’re again offering license fee payment deferrals for up to 60 days – this time for business permits that are expiring in July and August.

The announcement was made by the California Bureau of Cannabis Control, which oversees most MJ companies, in tandem with the state Department of Public Health and the Department of Food and Agriculture.



The three agencies in May announced that any marijuana company whose permit expired between May 14 and June 30 would be allowed to take up to 60 extra days to pay their renewal fees, given that the coronavirus outbreak has increased pressure on businesses and their employees. The same reasoning was applied for the deferral extension through Aug. 31.

Once a company obtains a deferral, the license payment will be due 60 days from when the license expires.

“We hope that today’s announcement will provide assistance to the industry as we continue to work together to address the challenges created by the pandemic,” BCC Chief Lori Ajax said in the news release.

Additional deferrals for licenses that expired prior to July 1 are not available.

Source: https://mjbizdaily.com/california-marijuana-regulators-extend-license-fee-deferrals-due-to-the-coronavirus/

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5 Questions With Flower By Edie Parker: ‘Cannabis For The Cool Kids’

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Flower by Edie Parker Continues Reign as ‘Cannabis for the Cool Kids’ Brand with Launch of Vape Pens at MedMe

On Friday, July 10th luxury cannabis brand, Flower by Edie Parker will complete their bestselling collection of cannabis products with BRAND-NEW THC and CBD nectar disposable vaporizer pens and cartridges exclusively at MedMen locations through the Los Angeles area.  

Building off the brand’s longstanding commitment to creating high-quality products with a touch of irreverence, Flower by Edie Parker has created their private-label vape collection using organic sun grown flower, sustainably cultivated in small batches and third-party lab tested for efficacy. The newest vaporizer nectar pens and cartridges are available in three scintillating strains:  

Early Bird – A light and creative flavor, 3:1 CBD to THC ratio, pairs well with morning hike or mid-afternoon coffee.

Happiest Hour – Party perfect, this 2:1 THC-dominant blend is for a good time hanging with friends or a night out dancing. 

Nightcap – Our heaviest hitter 10:1 THC-prominent flavor is best to use before your bubble bath, bedtime, or any relaxation ritual.     

Also, with every purchase of the new THC and…

Original Author Link click here to read complete story..

Source: https://mmpconnect.com/5-questions-with-flower-by-edie-parker-cannabis-for-the-cool-kids/

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CCC: Marijuana tax structure not worth disrupting

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BOSTON — Changing the way Massachusetts taxes legal marijuana could produce more revenue for the state, but it could also disrupt the fledgling cannabis industry here and undo some of the work to convert consumers from an illicit market to the state’s regulated and taxed market, a report found.

In a report to be considered Thursday by the Cannabis Control Commission, regulators and state revenue experts weighed the idea of taxing marijuana based on its weight or potency, rather than the current price-based tax structure. Although almost every single alternate tax structure studied in an analysis conducted by KPMG is likely to generate more tax revenue, the CCC determined the relatively small increases would not be worth the hassle.

“The Massachusetts adult-use cannabis industry is in a nascent stage. A large-scale change in taxation scheme would cause disruptions that are not worth the potential short-term revenue gain, especially in a market with currently stable prices and inelasticity,” the agency wrote in a report that commissioners are expected Thursday to vote to submit to the Legislature. “Indeed, each scheme presents challenges for implementation and regulation, both in industry and government, that may not be worth the marginal gain. The Commission…

Original Author Link click here to read complete story..

Source: https://mmpconnect.com/ccc-marijuana-tax-structure-not-worth-disrupting/

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Hexo Completes First Shipment Of Medical Cannabis Products To Israel

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Canada-based cannabis company Hexo Corp. said it has completed the first shipment of its medical cannabis products to Israel. This also marks the first time Hexo’s medical cannabis products will be available outside of Canada.

Hexo said it completed the first shipment of 493 kilograms of medical cannabis products to Israel amidst tightening international borders, a sharp reduction in air cargo availability, and increased safety measures within its facilities due to the global COVID-19 pandemic.

Hexo is launching the medical cannabis products in Israel through a 24-month agreement with Israeli medical cannabis company, Breath of Life International Ltd. or BOL.

Hexo is a consumer packaged goods cannabis company. The company serves the Canadian adult-use markets under its Hexo Cannabis as well as Up Cannabis brands, and the medical marijuana market under Hexo medical cannabis.

BOL is a GMP certified company, with an established distribution network through pharmacies including Super-Pharm, Israel’s largest pharmacy retailer with 258 locations.

Hexo and BOL concluded their deal after collaborating to adapt Hexo’s products to meet the specific requirements of Israel’s medical cannabis patients, while adhering to regulatory requirements under Israel’s Medical Cannabis regulatory…

Source: https://mmpconnect.com/hexo-completes-first-shipment-of-medical-cannabis-products-to-israel/

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