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New Jersey Cultivation License

The post New Jersey Cultivation License appeared first on Cannabis Industry Lawyer – Tom Howard.

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New Jersey Cultivation License

After years of failed attempts, last month three bills were signed into law, permitting and regulating the use of recreational marijuana in New Jersey, becoming one of the 14 states to legalize the recreational use of cannabis for adults 21 and older.

Right now it’s not possible to buy recreational cannabis anywhere in New Jersey, however, experts say it will be at least six months before the first legal cannabis sale will take place in New Jersey.

So, now it’s the perfect time to start preparing for the endeavor. Take into consideration that the licensing application can be tricky and confusing, that’s why you should always contact a professional to help you with your application.

What is a New Jersey Cultivation License

A Class 1 Cultivator License is a legal document that allows its owner to grow, cultivate, or produce cannabis in the state of New Jersey, as well as sell and transport this cannabis to other cannabis cultivators, or usable cannabis to cannabis manufacturers, cannabis wholesalers or cannabis retailers but not to consumers.

A cannabis Cultivation License shall be issued by the Cannabis Regulatory Commission (CRC) for the premises at which the cannabis is grown or cultivated.

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How to apply for New Jersey Cultivation License

In order to apply for a Class 1 Cultivation License, the applicant must:

  • Apply for a license in the manner described in the latest legislation and the CRC;
  • Have at least one significantly involved person who has resided in this State for at least two years as of the date of the application, and provide proof that this person and any other person with financial interest who also has decision making authority for the cannabis cultivator listed on an application submitted under the legislation is 21 years of age or older;
  • Meet the requirements of any rule or regulation adopted by the CRC;
  • Provide for each of the following persons to undergo a criminal history record background check: any owner, other than an owner who holds less than a five percent investment interest in the cannabis cultivator or who is a member of a group that holds less than a 20 percent investment interest in the cannabis cultivator and no member of that group holds more than a five percent interest in the total group investment, and who lacks the authority to make controlling decisions regarding the cannabis cultivator’s operations; any director; any officer; and any employee.

If you need more information about the licensing process, it is recommended that you contact an expert on the field so that you can get the necessary guidance in your endeavor.

About the Grow Canopies for the New Jersey Cultivation Licensees

Pursuant to the latest legislation on the matter, the commission shall adopt rules or regulations restricting the size of mature cannabis plant grow canopies at premises for which a license has been issued to a cannabis licensee. In this sense, when adopting rules and regulations the CRC has to consider whether:

  • Limit the size of mature cannabis plant grow canopies for premises where cannabis is grown outdoors and for premises where cannabis is grown indoors in a manner calculated to result in premises that produce the same amount of harvested cannabis leaves and harvested cannabis flowers, regardless of whether the cannabis is grown outdoors or indoors; or
  • Adopt a tiered system under which the permitted size of a cannabis cultivators’ mature cannabis plant grow canopy may increase or decrease at the time of licensure renewal in accordance with that tiered system, except that the permitted size of a cannabis cultivator’s mature cannabis plant grow canopy may not increase following any year during which the commission disciplined the cannabis cultivator for violating a provision, rule or regulation provided by the legislature; or
  • Take into consideration the market demand for cannabis items in this State, the number of persons applying for a license and to whom a license has been issued pursuant to those sections, and whether the availability of cannabis items in this State is commensurate with the market demand.

New Jersey Cultivation License Restrictions

At this time, the total number of licenses that will be available in New Jersey has not been determined. However, the current legislation limits New Jersey cultivation licenses to 37 over the first 24 months, which includes any alternative treatment centers deemed to be eligible for a New Jersey Cultivation license. However, this limitation does not apply to cannabis cultivator licenses issued to microbusinesses

Further, for a period of 24 months after the effective date of the legislation it is unlawful for any owner, part owner, stockholder, officer, or director of any corporation, or any other person engaged in any retailing of any cannabis items to engage in the growing of, testing of manufacturing of, wholesaling of, or transporting in bulk any cannabis items, or to own either whole or in part, or to be a shareholder, officer or director of a corporation or association, directly or indirectly, interested in any cannabis cultivator.

This basically means that, if you own a cannabis dispensary in New Jersey, you won’t be able to have a controlling interest in any cannabis cultivation operation.

Finally, at least 10 percent of the total number of licenses and conditional licenses shall be designated for and only issued to microbusinesses. After the initial period during which the number of licenses is capped, the commission shall review the current number of licenses issued and, provided there exist qualified applicants, the commission shall issue a sufficient number of licenses to meet the market demands of the State of New Jersey.

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316 SW Washington Street, Suite 1A
Peoria, Illinois 61602

Phone: (309) 740-4033 || Email:  tom@collateralbase.com

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Call Us (309) 306-1095 || e-Mail Us tom@collateralbase.com

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Massachusetts Marijuana Retailer License Application

The post Massachusetts Marijuana Retailer License Application appeared first on Cannabis Industry Lawyer – Tom Howard.

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Massachusetts Marijuana Retailer License

Massachusetts Marijuana Retailer License Application

Applying for a Massachusetts Marijuana Retailer License is the first step any cannabis entrepreneur that resides in the bay state should take care of if they want to open a dispensary.

The Cannabis Control Commission (CCC) is responsible for promulgating regulations relating to marijuana, processing business applications and issuing licenses, and creating policies and procedures which “promote and encourage full participation in the regulated marijuana industry by people from communities that have previously been disproportionately harmed by marijuana prohibition and enforcement and to positively impact those communities.

According to the latest legislation, a Massachusetts Marijuana Retailer License is a legal document which authorizes entities to purchase and deliver marijuana and marijuana products from Marijuana Establishments and to sell or otherwise transfer marijuana and marijuana products to Marijuana Establishments and to consumers.

According to the CCC, similar to marijuana for medical use, edible marijuana products for adult use shall not be considered food and therefore Marijuana Retailers would not be subject to inspection by local Boards of Health under 105 CMR 590 unless local regulations requiring such inspections are promulgated.

A Marijuana Retailer provides a retail location which may be accessed by consumers 21 years of age or older or, if the retailer is co-located with a RMD by individuals who are registered qualifying patients with the Medical Use of Marijuana Program with a registration card.

How to apply for a Massachusetts Marijuana Retailer License

The first step to applying for a Massachusetts Marijuana Retailer License is to submit the license application fee and all three (3) sections of the application:

  • Application of Intent,
  • Background Check, and
  • Management and Operations Profile.

Each section requires applicants to provide accurate information about the business, individuals and entities associated with the business and to demonstrate understanding of, and plans to comply with, the Commission’s regulations that are specific to the applicant’s license type, location, and scale. The adult- and medical-use license applications have essentially the same requirements with differences highlighted in the following sections.

In order to submit these sections, you’d need to create an account in MassCIPortal’s webpage and log into the portal, navigate through the page and start the application virtually.

Application of Intent

The Application of Intent (AOI) requires the applicant to disclose Persons or Entities Having Direct or Indirect Control in their application for licensure. Persons or Entities Having Indirect Control means any person or entity having indirect control over operations of a ME or MTC. It specifically includes any person with a controlling interest in an indirect holding or parent company of the applicant, and the chief executive officer and executive director of those companies, or any person or entity in a position indirectly to control the decision-making of a Marijuana Establishment (ME) or a Marijuana Treatment Center (MTC).

Applicants are encouraged to include individuals that exert control through the contribution of services. For example, an individual may exert control by making decisions about the establishment management or operations. Applicants do not need to disclose individuals who provide services and do not exert control. For example, applicants do not need to disclose consultants who consult but do not make decisions for the establishment.

In this phase, all applicants would have to disclose and submit the following:

  • In-State Interests
  • Out-of-State Interests
  • Capital Resources
  • Bond or Escrow
  • Property Identification and Interest Documentation
  • Host Community Agreement Certification
  • Community Outreach Meeting Attestation and Documentation
  • Plan to Remain Compliant with Local Ordinance
  • Plan to Positively Impact Disproportionately Harmed People
  • Application Fee

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Background Check

In this phase of the Massachusetts Cannabis License Application, all applicants must list all relevant individuals and entities along with all background disclosures and authorization forms. Each individual or entity listed in the Applicant of Intent section shall also be listed in the Background Check section. Individuals and entities will undergo an in-depth background check and individuals will submit to fingerprinting checks. 

The Commission is required to make a determination of suitability for licensure for each individual and entity listed on an application, which is based, in part on the background checks. Background checks will include, but not be limited to, a review of the following:

  • Massachusetts’ and national criminal database records; 
  • Massachusetts’ and national civil database records, including professional and occupational records; 
  • The individual and entity’s involvement in other marijuana-related businesses; and
  • Any actions taken against any license or registration held by the individual or entity. 
  • Further, all applicants will be required to disclose the following information:
  • A description of any criminal action, whether felony or misdemeanor, that resulted in a conviction, guilty plea, plea of nolo contendere, or admission to sufficient facts; 
  • A description of any civil action, including actions related to a professional, occupational, or fraudulent practice; 
  • A description of any administrative action, including actions related to a medical- or adult-use marijuana operation; 
  • A description of any disciplinary action taken in any jurisdiction against a license, registration, or certification held by the individual or entity, such as a suspension or revocation, including, but not limited to, a license to prescribe or distribute controlled substances; and 
  • A description of any license denial.

Applicants are not required to provide information about any conviction that has been sealed or expunged by court order.

Management and Operations Profile 

The information required as part of this section is an indicator that the applicant understands the legal requirements to operate an ME, including the Commission’s regulations, has plans that are specific to the applicant’s license type, location and scale. and will be able to operate in a lawful manner.

In order to comply with this phase of the Massachusetts Cannabis License application, all applicants would need to provide the following:

  • Business Information, Articles of Organization, and Bylaws
  • Certificates of Good Standing
  • Business Plan, Liability Insurance Plan, & Proposed Timeline
  • Summary of Operating Plans, Policies, and Procedures
  • Diversity Plan

Taxes on retail sales

An excise tax is hereby imposed upon the sale of marijuana or marijuana products by a marijuana retailer to anyone other than a marijuana establishment at a rate of 3.75 per cent of the total sales price received by the marijuana retailer as a consideration for the sale of marijuana or marijuana products. The excise tax shall be levied in addition to state tax imposed upon the sale of property or services as provided in section 2 of chapter 64H of the General Laws and shall be paid by a marijuana retailer to the commissioner at the time provided for filing the return required by section 16 of chapter 62C of the General Laws

Any city or town may impose a local sales tax upon the sale or transfer of marijuana or marijuana products by a marijuana retailer operating within the city or town to anyone other than a marijuana establishment at a rate not greater than 2 per cent of the total sales price received by the marijuana retailer as a consideration for the sale of marijuana or marijuana products. A marijuana retailer shall pay a local sales tax imposed under this section to the commissioner at the same time and in the same manner as the sales tax due to the commonwealth.

All sums received by the commissioner under this section shall not be considered received on account of the commonwealth and shall at least quarterly be distributed, credited and paid by the state treasurer upon certification of the commissioner to each city or town that has adopted this section in proportion to the amount of such sums received from the sale or transfer of marijuana and marijuana products in the city or town.

What are the costs for a Massachusetts Cannabis License?

In order to obtain a Massachusetts Cannabis Retail License, there’s no minimum amount of capital resources that must be demonstrated. In this sense. In this sense we’d recommend any ME applicant to aim for $250,000 – $1,000,000 depending on the size and scope of their operation.

Further, applicants are required to set aside, either through a bond or an escrow account, an amount of money sufficient to cover the dismantling and winding down of the Marijuana Establishment. The amount set aside must be enough to cover the cost of satisfying any outstanding state or municipal sales tax obligations, costs incurred securing the licensee’s facility, and cost incurred for destroying the marijuana and marijuana products in its inventory. 

If the applicant acquires a bond, the applicant is required to set aside the total amount of their licensing fees as set forth in 935 CMR 500.005 or 501.005, even if the fees have been waived. If the applicant establishes an escrow account, the applicant must set aside at least $5,000 and is encouraged to set aside the total amount of their licensing fees, even if the fees have been waived. 

If the applicant acquires a bond, the bond should reflect the following:

  • The applicant is the Principal;
  • The Commonwealth of Massachusetts Cannabis Control Commission, 2 Washington Square, Worcester, MA, 01604, is the obligee; 
  • The purpose of the bond is to cover any costs incurred by the Commission to satisfy any outstanding state and local sales tax obligations, costs incurred to secure any licensed marijuana facility, costs incurred to destroy the marijuana and marijuana products in its inventory, and to cover other costs incurred by the Commission or its designee in dismantling or winding down of the licensee’s facility in accordance with its policies and governing laws. 

If the applicant establishes an escrow account, the account should reflect the following:

  • The Commonwealth of Massachusetts Cannabis Control Commission, 2 Washington Square, Worcester, MA, 01604, is the sole beneficiary; and 
  • The purpose of the bond is to cover any costs incurred by the Commission to satisfy any outstanding state and local sales tax obligations, costs incurred to secure any licensed marijuana facility, costs incurred to destroy the marijuana and marijuana products in its inventory, and to cover other costs incurred by the Commission or its designee in dismantling or winding down of the licensee’s facility in accordance with its policies and governing laws

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Pure Extracts Commences Initial Production Run of 50,000 Gummie Packs for Provincial Distribution

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has commenced production on approximately 50,000 Pure Chews edible gummie packs. Demand for these types of products is […]

The post Pure Extracts Commences Initial Production Run of 50,000 Gummie Packs for Provincial Distribution appeared first on Technical420.

Republished by Plato

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Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has commenced production on approximately 50,000 Pure Chews edible gummie packs.

Demand for these types of products is strong in the 4 provinces (British Columbia, Alberta, Saskatchewan and Ontario) that the Company is targeting for its retail launch and revenue estimates associated with this batch are approximately $200,000. All the Pure Chews SKUs including the 10 mg THC packs of Fire Burst, Strawberry and Mango utilize a proprietary manufacturing system licensed from US based Taste-T, LLC (“Taste-T”), the manufacturer of Margarita Chill and Fireball Cinnamon products, to produce and package branded cannabis gummies that come in unique blister packaging.

Additionally, in the launch the Company plans to include 3 SKUs with varying levels of ultra-high potency CBD Pure Chews non-THC gummies.

Pure Extracts CEO, Ben Nikolaevsky, remarked, “May is going to be a very exciting month for us as we commence retail sales of gummies through our distribution partner. We plan to replicate the success that our licensing partner, Taste-T, is experiencing in US states including Nevada, Massachusetts, Michigan and Oklahoma. Our exceptionally pure products are in high demand and we have a range in potencies and flavours that consumers will certainly enjoy.”

About Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)
Pure Extracts features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On September 25, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act and the Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020. Find out more at https://pureextractscorp.com/.

For further information please contact Empire Communications Group at (604) 343-2724 and ir@empiregroupir.com.

ON BEHALF OF THE BOARD
Ben Nikolaevsky
Ben Nikolaevsky
CEO and Director

The CSE has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements relating to the future operations of Pure Extracts, and the other statements are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of Pure Extracts, are forward-looking statements and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of Pure Extracts include risks detailed from time to time in the filings made by Pure Extracts under securities regulations.

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

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A Newbie’s Guide to Buying Online CBD Products for the First Time

hemp

Editors Note: This is a guest post.  It is the 21st Century- a  world where we can get almost anything the heart desires simply by ordering it online and having it delivered straight to the doorstep. And, the cannabis industry is no different today.  The slow but steady movement of marijuana’s use shows heavy documentation […]

The post A Newbie’s Guide to Buying Online CBD Products for the First Time appeared first on Green Market Report.

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Editors Note: This is a guest post. 

It is the 21st Century- a  world where we can get almost anything the heart desires simply by ordering it online and having it delivered straight to the doorstep. And, the cannabis industry is no different today. 

The slow but steady movement of marijuana’s use shows heavy documentation and has gained support from the consumers, especially the medical cannabis users. However, there remains a lot of mystery around the cannabis purchase process. Yes, people engage in regular workarounds for purchasing cannabis. 

But, no longer!

Yes, buying weed is pretty simple, provided you engage in a convenient and straightforward process, as described. Cannabis enthusiasts, can’t wait to know how? Well, let’s get going:

  • Embark on the research process:

When ordering marijuana products, it becomes vital to account for where you reside. After that, get informed and be sure that you aren’t falling under any scams or scrolling through any sketchy website. Ensure that the website you’re ordering CBD Products from looks legitimate and has reviews and publications from different customers. Dwell well on the reviewers and make sure they use different sets of words to express themselves differently. 

After all, you never wish to engage in illicit and fraudulent seller activities.

  • Know that you’re not scammed:

Let’s face it; a gazillion scammers are waiting to entrap you, especially when you buy weed. Thus, here are a few things that you must look for while purchasing weed:

  1. Open all eyes if the service asks you to pay through credit card or in advance.
  2. An online store that’s willing you to ship weed across state lines.
  3. An unlicensed dispensary.
  4. Anyone who offers you to mail weed. 
  5. The social media business is offering you to sell weed. 

Know that the online cannabis marketplace is a budding business model. Thus, with the flexibility of government regulations, the options have been changing and becoming standardized. 

  • Check online for reviews:

It is pretty unlikely for a reputable weed supplier not to have much knowledge of drugs and supplements. Please take note of the product reviews and ensure that they are complete and pretty exhaustive. Attain a clear picture of the correct dosage, symptoms, effects, and anything else that you as a buyer must know. 

The website and product description page will shed sufficient light on the seller’s credibility and trustworthiness. Thus, a single look will be enough to invite you as a customer. Care and efforts will be enough to spot. Also, the bottom line revolves around following your gut feeling. 

Another good sign that comes as a thumbs up for the product quality is the cost. Thus, closely check the price tag. These should never be too high or too low. 

If you’re ordering in bulk, ensure availing coupons and other vouchers. Thus, it seems like a great incentive for going in for an online dispensary. The best deal for buying top-notch products at pocket-friendly prices involves having attractive options for bulk purchasing. 

Key Takeaways

Ordering weed can be pretty simple as ordering pizzas or groceries. Just make sure you have your ID and cash. Apart from these, take a look at the customer support services that your choicest dispensary offers, in addition to the payment option, and then you’re good to go with weed!


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