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Truss CBD USA Is Hexo’s Official Entry Point Into The U.S. Market

One of the biggest stories in the cannabis sector in 2020 was related to the relationship between HEXO Corporation (HEXO.TO) (HEXO) and Molson Coors Beverage Company (TAP.CN) (TAP). The companies formed a joint venture partnership (majority owned by Molson Coors) and launched Truss Beverages, a line of cannabidiol (CBD) and tetrahydrocannabinol (THC) infused beverages. Currently, […]

The post Truss CBD USA Is Hexo’s Official Entry Point Into The U.S. Market appeared first on Technical420.

Republished by Plato

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One of the biggest stories in the cannabis sector in 2020 was related to the relationship between HEXO Corporation (HEXO.TO) (HEXO) and Molson Coors Beverage Company (TAP.CN) (TAP). The companies formed a joint venture partnership (majority owned by Molson Coors) and launched Truss Beverages, a line of cannabidiol (CBD) and tetrahydrocannabinol (THC) infused beverages.

Currently, Truss Beverages is selling THC infused beverages in Canada and CBD infused beverages in the US. Under a Biden administration and democratic controlled congress and senate, we expect the legislation to legalize or decriminalize cannabis to pass and this would prove to be a substantial catalyst for growth for companies like Truss Beverages.

Earlier this week, Truss CBD USA announced a major milestone and launched Veryvell™, a line of non-alcoholic, sparkling CBD beverages that are exclusively available in Colorado. The product line will initially come in three flavors and be available to Colorado-based consumers both online and at select retailers.

Truss CBD USA is a completely different business than Truss Beverages, which is Molson Coors and HEXO’s joint venture in Canada that focuses on the sale of non-alcoholic, cannabis-infused beverages. We are favorable on the diversity of the joint venture and the growth prospects that are associated with both product categories.

Truss’ entry into Colorado’s CBD market shows the continued execution by the management teams and are favorable on this. We believe that HEXO has played a key role with Molson Coors’ expansion into new beverage categories and will monitor how the product line gains traction in Colorado.

Each beverage in the product line offers a unique blend of CBD and adaptogens and we are favorable on how Truss has been able to differentiate itself from other cannabis beverage companies. We are favorable on the expertise that both Molson Coors and HEXO bring to the joint venture and will monitor how the vertical supports growth for both operators.

If you are interested in learning more about Molson and HEXO’s Veryvell™ brand, please send an email to support@technical420.com with the subject “Truss CBD USA” to be added to our distribution list.

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Authored By

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.

Source: https://technical420.com/cannabis-article/truss-cbd-usa-is-hexos-official-entry-point-into-the-u-s-market/

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New Jersey Cannabis Manufacturer License

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

Republished by Plato

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New Jersey Cannabis Manufacturer License

Last month New Jersey made history by signing three bills into law, finally regulating the use of recreational marijuana in the State, and 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 Cannabis Manufacturer License

A Class 2 Cannabis Manufacturer License is a legal document that allows its owner to process cannabis items in the State of New Jersey by purchasing or otherwise obtaining usable cannabis, manufacturing, preparing, and packaging cannabis items, and selling, and optionally transporting, these items to other cannabis manufacturers, cannabis wholesalers, or cannabis retailers, but not to consumers.

A New Jersey Cannabis Manufacturer License shall be issued by the Cannabis Regulatory Commission (CRC) for the premises at which the cannabis are going to be manufactured.

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How to apply for New Jersey Cannabis Manufacturer License

In order to apply for a Class 2 Cannabis Manufacturer 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 manufacturer 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 manufacturer or who is a member of a group that holds less than a 20 percent investment interest in the cannabis manufacturer 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 manufacturer’s operations; any director; any officer; and any employee.

According to the legislation, the CRC has to adopt rules and regulations that:

  • Provide for the annual renewal of the Class 2 Cannabis Manufacturer license;
  • Establish application, licensure, and renewal of licensure fees for cannabis manufacturers;
  • Require cannabis items manufactured by cannabis manufactures to be tested;
  • Require a cannabis manufacturer to meet any public health and safety standards, industry best practices, and all applicable regulations established by the commission related to the manufacturing of cannabis items;

In relation to the fees, the legislation requires that they comply with the following:

  • They shall be in the form of a schedule that imposes a greater fee for premises with more square footage; and
  • Shall be deposited in the “Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Fund”

A person who has been issued a license or conditional license shall display the license or conditional license at the premises at all times when cannabis items are being manufactured.

New Jersey Cannabis Manufacturer License Restrictions

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 manufacturing of 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 manufacturer.

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 manufacturing operation.

During the first 24 months the holder of a Class 2 Cannabis Manufacturer License may hold one other license to operate another cannabis establishment, but it can’t be a Class 3 Cannabis Wholesaler License or a Class 5 Cannabis Retailer License.

Following that 24 month period  a cannabis license holder shall be authorized to hold a Class 1 Cannabis Cultivator License, a Class 2 Cannabis Manufacturer license, a Class 5 Cannabis Retailer license, and a Class 6 Cannabis Delivery license concurrently, provided that no license holder shall be authorized to concurrently hold more than one license of each class, except for an alternative treatment center that was deemed, during the 24 month period, to have an additional Class 5 Cannabis Retailer license for each satellite dispensary that was authorized and established by the alternative treatment center pursuant to the latest legislation These additional retailer licenses only permit the retail operation of each satellite dispensary, and shall not be replaced by any other class of cannabis establishment distributor, or delivery service license.

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.

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

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


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

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

cannabis industry lawyer

316 SW Washington St,Peoria,
IL 61602, USA
Call Us (309) 306-1095 || e-Mail Us tom@collateralbase.com

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
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Source: https://www.cannabisindustrylawyer.com/new-jersey-cannabis-manufacturer-license/

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New Jersey Cultivation License

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

Republished by Plato

Published

on

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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Thomas Howard

Thomas Howard

Cannabis Lawyer

Thomas Howard has been in business for years and can help yours navigate towards more profitable waters.

Water Soluble CBD

Water Soluble CBD might be the future of cannabis products.  Cannabis is widely accepted these days. Most states have legalized the medicinal use of cannabis, a lot of states have downright decided to legalize the adult-use of the plant as well. With the industry…

Nanotechnology in cannabis: What’s the benefit?

Nanotechnology in cannabis is one of the new trends in the industry: The last few years have been good for cannabis. With more states legalizing the plant, the public starting to –widely- accept the use of cannabis products, and the profits from the industry reaching…

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How to get a Michigan Dispensary License  A Michigan Dispensary License is a legal document that allows its holder to possess, store, test, sell, transfer purchase or transport marijuana to or from a marijuana establishment, whose primary aim would be to sell…

New York Small Business Cooperative License

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

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


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

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

cannabis industry lawyer

316 SW Washington St,Peoria,
IL 61602, USA
Call Us (309) 306-1095 || e-Mail Us tom@collateralbase.com

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://www.cannabisindustrylawyer.com/new-jersey-cultivation-license/

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Will Canopy Growth Be Able To Capitalize On Mexico Once Cannabis Is Legalized?

According to former Mexican President Vicente Fox, legal recreational cannabis could be legal in Mexico by next week. Mexico has a great climate for cultivating cannabis and it could be one of the world’s largest cannabis markets. During the last year, we have seen an influx in the number of companies that are focused on […]

The post Will Canopy Growth Be Able To Capitalize On Mexico Once Cannabis Is Legalized? appeared first on Technical420.

Republished by Plato

Published

on

According to former Mexican President Vicente Fox, legal recreational cannabis could be legal in Mexico by next week.

Mexico has a great climate for cultivating cannabis and it could be one of the world’s largest cannabis markets. During the last year, we have seen an influx in the number of companies that are focused on the Mexican cannabis market and this is a trend that our readers should be aware of.

Canopy Growth Corporation (WEED.TO) (CGC) is the largest global cannabis company and has the most market share in Canada. The company is backed by Constellation Brands (STZ) which owns the Corona beer brand. Constellation has invested more than $4 billion into Canopy Growth and we are favorable on the infrastructure that Constellation has in Mexico.

Due to the nature of the relationship with Constellation Brands, Canopy Growth would have a significant amount of infrastructure in Mexico as soon as the plant is declared to be legal and we expect it to be a major beneficiary of a change in legislation.

The bill that Fox is referring to is backed by the administration of President Andres Manuel Lopez Obrador. The passing of the legislation would mark a major shift in a country that has been negatively impacted by violence between drug cartels.

Fox has been a long-standing advocate for the decriminalization of cannabis in Mexico and we are favorable on how he has supported the sector. He told Reuters that he is receiving direct information from the lawmakers that is considered to trustworthy and we expect legalization to be a major catalyst for the cannabis industry.

According to a study that was conducted by Grand View Research, the global legal market for cannabis could be worth $73.6 billion by 2027. With markets like Mexico advancing legal cannabis legislation, we believe the size of the cannabis market could be larger than what Grand View predicts and will monitor how the sector evolves from here.

Over the next year, we expect to see large-scale US and Canadian cannabis operators expand into Mexico and this is a trend that our readers need to be aware of. If you want to learn more about the companies like Aurora Cannabis which are trying to capitalize on the Mexican medical cannabis market, please send an email to support@technical420.com with the subject “Mexican Cannabis Companies” to be added to our distribution list.

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Authored By

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.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://technical420.com/cannabis-article/will-canopy-growth-be-able-to-capitalize-on-mexico-once-cannabis-is-legalized/

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