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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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Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry

Cannabis Law Report

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.

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San Diego: Supervisors OK Cannabis Review Policy, Changes For Existing Facilities

Cannabis Law Report

The two-year PEIR process would cover all potential uses including retail, distribution, testing, manufacturing, indoor and outdoor cultivation, and microbusinesses. ” As the county moves closer to voting on a revamped marijuana policy, Board Chairman Nathan Fletcher described Wednesday’s action as a challenge.

Policy 105
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Kind Idaho Ramps Up Efforts to Place Medical Cannabis Legalization Initiative on State’s 2022 Ballot

SpeedWeed

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary.

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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

MAY 16, 2022 BY DEANNA J. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. Currently, the cultivation tax rates are $10.08 On Friday, May 13, California Gov. per ounce of flower, $3.00

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California Cannabis Tax Revenue Nears $4 Billion, But Growth Has Stalled, State Analysts Say

Cannabis Law Report

For the first quarter of 2022, the state saw about $294 million in cannabis revenue generated from the excise, cultivation and sales tax on marijuana. Marijuana tax policy in the Golden State has been a focal point of attention for stakeholders, regulators and even the governor in recent months. For example, Gov.

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Gov Newsom Says He Is “Open To Rethinking” Cannabis Taxes

Cannabis Law Report

The governor included in a budget proposal he released this week that he “supports cannabis tax reform and plans to work with the Legislature to make modifications to California’s cannabis tax policy to help stabilize the market.” It is my goal to look at tax policy to stabilize the market.”