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Cultivation of cannabis is the production of cannabis infructescences ("buds" or "leaves"). Cultivation techniques for other purposes (such as hemp production) differ.. In the United States, all cannabis products in a regulated market must be grown in the state where they are sold because federal law continues to ban interstate cannabis sales.
In regards to cultivating cannabis commercially, only Illinois' existing licensed medical marijuana facilities were able to grow the crop initially. However, in 2020 "craft growers" will be able to apply for licenses to cultivate cannabis for commercial use for no larger than 5,000 square feet (460 m 2) of crop. [36]
Acreage had its initial public offering in November 2018, beginning trading on the Canadian Securities Exchange. [8] By the following April, it was one of the largest US-based cannabis companies, with licenses or agreements for cultivation, processing and dispensing in nineteen states, as well as its own chain of retail stores, The Botanist.
Federal policies, tightened by the Controlled Substances Act of 1970, virtually banned the production of industrial hemp during the war on drugs.According to an industry group, "the 1970 Act abolished the taxation approach [of the 1937 Marijuana Tax Act] and effectively made all cannabis cultivation illegal". [2]
The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the ...
[29] As cannabis prohibition continued into the 21st Century, the U.S. Marijuana Party was formed in 2002 as a single-issue party to end the war on drugs and to legalize cannabis. [30] States have also begun to engage in the process of nullification to override federal laws pertaining to cannabis.
The Cannabis Regulation and Tax Act (Illinois House Bill 1438) is an act legalizing and regulating the production, consumption, and sale of cannabis in Illinois. It was approved by both houses by May 31, 2019 and came into effect January 1, 2020.
Cresco Labs, Inc. is a publicly traded, vertically integrated cannabis and medical marijuana company [1] based in Chicago, Illinois, with current retail operations in nine states where marijuana has been legalized for medical use. [2]