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U.S. Cannabis Legalization Update: Who’s Still Waiting and Who May Legalize

Veriheal

states and the District of Columbia currently have legal cannabis, medical or recreational. Despite this massive shift in cannabis policy, however, a few states are still dragging their feet on cannabis legalization. To its credit, the state does seem to be making minor strides toward cannabis legalization lately.

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California’s Cannabis Industry Conundrum and the Road Ahead

Canna Law Blog

California has even seen a pattern of dispensaries and cultivation facilities across California being burglarized and robbed. Even among fully legal and compliant operators in California, delayed and delinquent tax payments are a growing issue , with hundreds of different tax liabilities being owed by various cannabis businesses.

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Virginia moves cannabis legalization to July 1, 2021

SpeedWeed

Ralph Northam’s proposed changes to a marijuana legalization bill that will allow limited possession and cultivation of the plant starting in July of this year. It will be legal to possess one ounce, and grow four plants, on July 1. But retail stores will not open until 2024. Want it before 2024? And why is that?

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NC Senate Committee Votes to Advance Medical Cannabis Legalization Bill

Veriheal

A legislative committee voted vigorously in opposition to medical cannabis legalization in North Carolina six years ago, but things have changed a lot since then. In a groundbreaking moment on Tuesday, August 24, North Carolina Senate committee voted in approval of a revised bill to legalize medical cannabis statewide.

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

Cannabis Law Report

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 per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis.

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These 4 Newly Legal States Are Projected Earn an Annual $5 Billion

Veriheal

Rather than a ballot initiative , Connecticut, New Mexico, New York, and Virginia legalized the plant for adult-use purposes via a legislative process. They follow in the footsteps of Vermont, which became the first legislative-driven legal cannabis state back in 2018. Legal Cannabis Business Framework .

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Recreational Cannabis Legalization in Germany? Medical Cannabis Businesses and Investors Hope So

Veriheal

The German federal government may only have legalized cannabis for medical purposes back in 2017, but the market has already earned enough appeal for big-name players to get involved. Now, as the country contemplates adult-use cannabis legalization , all eyes are on Deutschland. billion (USD$8.4 billion) by 2028. Numerous U.S.