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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Here’s what they say.

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The Week in Weed: January 5, 2024

The Blunt Truth

COLORADO January 1, 2014 marked the opening of Colorado’s retail market for adult-use cannabis. Since that time, the industry has taken in $15 billion in revenue, with the state collecting $2.6 The DEA is conducting a review of cannabis scheduling. And finally, we have an update on the Weed Nuns. million in taxes and fees.

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Alaska’s Gov. Mike Dunleavy Issues Executive Order Establishing the Governor’s Advisory Task Force on Recreational Marijuana

Cannabis Law Report

Alaskans approved recreational marijuana in 2014. That is three times the amount the state collected in 2018. “In In the 2014 General Election, a majority of Alaskans voted “yes” on an initiative to tax and regulate the production, sale, and use of marijuana. The tax brought in $30 million in fiscal year 2021, Dunleavy said.

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Hemp-CBD Across State Lines: California

Canna Law Blog

The Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. Hemp Cultivation. 64”) was passed. But even that didn’t really happen.

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Cannabis laws in South Carolina

The Cannigma

Back when the US was still a collection of colonies under British rule, South Carolina had a booming industrial hemp industry. The bill did not include smokable cannabis or home cultivation and kept cannabis possession a misdemeanor. Growers licensed through the state can cultivate industrial hemp plants, but there is no home growing.

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Featured Cannabis Brand: AZ Nectar Farms

Kind Meds (Cannabis Education Blog)

The Phoenix-based cannabis brand has been building its cannabis selection since 2012 when it began researching and cultivating various strains for medical use. Since its beginning as a small medical cannabis supplier, AZ Nectar Farms has established its commitment to high-quality, carefully cultivated cannabis. AZ Nectar Farms Flower.

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These Top Valuable Cannabis Companies are Worth a TON

Veriheal

billion in 2014 to $20.6 include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection. has 126 dispensaries and 22 cultivation facilities across 11 states. That being said, let’s have a look at the most valuable cannabis companies. . The Top Valuable Cannabis Companies. billion in 2020.”