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5 Things to Watch in the Cannabis Industry in 2023

MJ Business Attorneys

As 2022 draws to a close, we are looking ahead to try and anticipate what 2023 has in store for the cannabis industry. Voters in five states were asked to consider legalizing adult-use cannabis and two states, Missouri and Maryland, voted to approve implementing adult-use cannabis programs. Growth in Cultivation & Production.

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Illinois 2023 medical cannabis sales reach $3.24M

Illinois News Joint

The Illinois Department of Public Health (IDPH) recently released its December 2023 medical cannabis sales totals. for the third-highest monthly total in 2023, behind March’s $29,018,805.60 Total 2023 medical cannabis sales reached $324,792,664.73, which was the lowest yearly total since adult-use legalization. May: $27,461,289.64

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Downstream Effects: April 2023

Project CBD

In February 2023, Project CBD published a story about Curaleaf , the scandal-ridden, multistate and multinational company, which has achieved a leading position in the U.S. Recommended Readings The post Downstream Effects: April 2023 appeared first on Project CBD. Sponsored by CannaCraft, Inc., Sponsored by CannaCraft, Inc.,

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Another California Cannabis Enforcement Program That Won’t Work

Canna Law Blog

Earlier this week, California’s Attorney General Rob Bonta announced yet another cannabis enforcement program: the Cannabis Administrative Prosecutor Program (CAPP). Will the new enforcement program make a dent in the illegal market? You would think that this would make enforcement easy, but you’d be wrong.

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Will Georgia Legalize Cannabis? GA Medical Cannabis Program Explained

Veriheal

All eyes are on Georgia’s medical cannabis program as it continues to grow. The History of the Georgia Medical Cannabis Program Georgia’s medical cannabis program started sales this past spring. In April 2019, House Bill 324 was approved, enabling in-state cultivation and the sale of low-THC oil.

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.

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The Week in Weed: June 30, 2023

The Blunt Truth

Sales of cannabis for adult use will officially begin in Maryland on July 1, 2023. On the House side, the Armed Services Committee added a provision to the National Defense Authorization Act that would set up a pilot program to study medical marijuana and psychedelics. AND FINALLY The results are in!

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