Illinois News Joint

AUGUST 3, 2023

The Illinois Department of Financial and Professional Regulation today announced recreational cannabis sales totals for July. For the second-straight month, Illinois set a new monthly sales record for 2023. July recreational sales totals reached $140,048,722.23. 2023 total monthly sales include: January: $127,938,019.85

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Canna Law Blog

MARCH 11, 2024

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Taxing medical cannabis patients the same as recreational consumers is a form of discrimination that harms their health and well-being.

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Illinois News Joint

MAY 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for April 2023. In 2023, monthly out-of-state resident totals dropped to the mid-to-low $30 million. 2023 total monthly sales include: January: $127,938,019.85 These figures do not include taxes collected.

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Illinois News Joint

SEPTEMBER 5, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for August. August continued Illinois’ strong monthly sales, recording the third-highest monthly sales totals since legalization at $139,224,010.03. August followed only July 2023 total of $140,048,722.23

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Illinois News Joint

FEBRUARY 2, 2023

Illinois Department of Financial and Professional Regulation announced Illinois’ January 2023 recreational sales totals today. monthly figure topped each previous January totals since legalization. In the first year of legalization for Illinois, January totals finished at $39,247,840.83. February: $113,993,046.06

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Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Veriheal

MAY 4, 2023

These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. at the end of 2020. billion) by 2027. million patients by 2027.

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Illinois News Joint

JANUARY 5, 2023

Illinois also sold the most cannabis items in one month since legalization at 3,446,978. are the most since legalization in Illinois and a 12% increase from 2021 totals of $1,379,088,278.61 Recreational cannabis sales for 2022 totals included: January: $117,251,759.72. These figures do not include taxes collected.

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Veriheal

FEBRUARY 6, 2024

After nearly two years of success with recreational cannabis, New Jersey lawmakers are hoping to make some positive changes to cannabis laws in the state. The public comment period is open from October 16 to December 15, 2023. Further, the Commission is authorized to collect application and renewal fees from clinical registrants.”

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Cannabis Law Report

JANUARY 20, 2022

New York is set to reach new highs starting in 2023 — thanks to legalized pot. billion in new revenue from legal marijuana sales during the next six years, according to the fiscal 2023 spending plan unveiled Tuesday by Gov. NY Post writes. The state plans to reap more than $1.25 Kathy Hochul. billion budget.

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The Blunt Truth

JULY 5, 2023

Starting August 1, 2023, Minnesota will provide protections to individuals who use cannabis for recreational purposes, after Minnesota Governor Tim Walz signed a state law allowing adults 21 and older to use recreational cannabis. The new law amends the state’s Consumable Products Act to protect off-duty cannabis use.

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Veriheal

DECEMBER 14, 2021

The fight to legalize cannabis in Arkansas has gained more gusto than ever before with a new group of activists lobbying to get a reform initiative featured on the state’s 2022 ballot. 4 with the secretary of state’s office, the latest legalization effort comes courtesy of Arkansans for Marijuana Reform. Filed on Thursday, Nov.

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Cannabis Law Report

SEPTEMBER 16, 2022

Minnesota is missing out on up to $46 million in revenue by not having a special tax on legal THC products, according to a University of Minnesota Duluth study. “The bill that legalized edibles in Minnesota does not have much in place for the state to reap these benefits,” the study said. delta-9 THC. Read more at .

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Veriheal

APRIL 23, 2024

The American marijuana industry was worth about $57 billion in 2023 and is projected to reach $444 billion by 2030, a staggering growth that reflects it as the fastest-growing industry anywhere in the world. These surveys explore the motivations and methods behind cannabis usage for both medical purposes and recreational enjoyment.

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Cannabis Law Report

DECEMBER 8, 2021

It emerges from the 2018-2023 coalition agreement that legislation on recreational cannabis will be drafted ( 2018-2023 Coalition Agreement ) . The recreational cannabis project is part of a wider catalog of inter-ministerial measures, in order to tackle the fight against drug-related crime horizontally.

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The Blunt Truth

APRIL 22, 2021

Adult-use cannabis legalization was passed in New York State when Governor Andrew Cuomo signed the Marijuana Regulation & Taxation Act (the “MRTA”) into law on March 31, 2021, after the Governor had previously attempted to include the legalization of adult-use cannabis in his last three budget proposals.

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Cannabis Law Report

APRIL 13, 2022

The 2023 Budget. Last week, the New York Legislature passed the State’s 2022-2023 Budget. Its recreational use was legalized only recently, in March of 2021. Thus, notwithstanding what appears to be growing public support for legalization, cannabis remains illegal under Federal law as a controlled substance. [x].

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Veriheal

JUNE 6, 2023

The sample was collected on Feb. 17 at the 2023 USA Track and Field (USATF) indoor championships in Albuquerque, New Mexico, after she had won the long jump title with a record of 6.99 Given no proof that THC enhances performance and that it is legal in most U.S. Tara Davis-Woodhall, a 23-year-old U.S.

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Illinois News Joint

JANUARY 10, 2023

The Aurora Cannabis Club, small collective of cannabis growers/companies and enthusiasts, started April 20, 2021. The Aurora Cannabis Club also cares deeply about the importance of Illinois’ home grow laws, specifically extending the plant count for medical patients and allowing recreational users to partake in home grow as well.

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Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.

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Peninsula Alternative Health

JUNE 12, 2023

With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.

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Cannabis Law Report

JUNE 20, 2019

It brings Maine one major step closer to its first legal recreational sales, which regulators estimate could occur in March 2020 – after the state’s tracking and licensing systems are ready, marijuana businesses get state and local licenses and growers have product ready to hit the shelves. In fiscal year 2023, Maine is banking on $33.2

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SpeedWeed

JULY 29, 2021

The SB 21-111 states that a report must be submitted to the Governor between July 1, 2022 and July 1, 2023 with details about how the CBO spends its funds. In total cannabis sales since recreational cannabis launched in 2014, the state has collected $10,940,865,212. View original article.

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Cannabis Law Report

JANUARY 12, 2022

Employers will have to continue to review, update, and carefully navigate workplace drug policies to ensure legal compliance based on the employee’s locations and whether the employee’s use is medical or recreational. 1, 2022, it seems unlikely that cannabis would be ready for distribution before 2023. Recreational Marijuana.

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Cannabis Law Report

APRIL 17, 2019

Republican who’s cashing in on recreational marijuana just months after he opposed the November ballot initiative that legalized it. “Yes, I’m a Republican, but this is what people wanted,” Callton says, referring to the referendums that legalized medicinal marijuana in 2008 and recreational marijuana in 2018.

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Cannabis Law Report

DECEMBER 16, 2021

Because recreational use of marijuana is increasing, especially as more states legalize it, the CDC believes it’s important for all workplaces to implement and address marijuana policies in their motor vehicle safety programs. Customers will get a warning that they must be of legal age to enter the virtual storefront through the app.

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Cannabis Law Report

NOVEMBER 15, 2021

For example, if in fiscal year 2023 cannabis flower’s removal price is $50 per pound (454 grams), cannabis businesses would pay $1.50 In addition to impacting prices, interstate commerce will make tax collection more complicated for all states, but several states could be uniquely exposed to the effects of federal reform.

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Cannabis Law Report

DECEMBER 21, 2021

The Second Earnout Consideration is defined as 19% multiplied by 7.25x Laurentian’s 2023 calendar year EBITDA, subject to adjustment, which shall be payable in Common Shares of Organigram. million expected to be included as an adjustment in 2023) and an expected working capital adjustment of $2.0 million in 2022. Hyperion Capital Inc.

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