Illinois News Joint

MARCH 14, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for February 2024. After a dip in out-of-state resident cannabis sales in January, out-of-state resident cannabis sales in February outpaced the previous month to push February’s overall total sales pass January.

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NORML

APRIL 23, 2020

Activists have been working for months registering new voters, collecting signatures, and educating the public, in hopes of giving voters in their state the opportunity to make their voices heard and cast their vote for marijuana. Cannabis products would be subject to the State sales tax. Status : Minimum # of signatures collected.

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Illinois News Joint

DECEMBER 4, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for November, which set a new record for in-state resident sales at $105,457,293.74, breaking September 2023’s previous record of $105,071,931.58. The November sales total of $139,100,376.09 February: $120,488,569.91

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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”). Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.

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Illinois News Joint

OCTOBER 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for September. For the second-straight month, in-state resident sales and items sold totaled new records, and September’s sales total of $139,529,179.26 was the third highest since recreational sales began.

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Illinois News Joint

MARCH 4, 2023

The Illinois Department of Public Health (IDPH) updated its January 2023 and February 2023 medical cannabis sales totals yesterday for the first time this year. Medical cannabis sales for 2023 started well below the 2022 and 2021 monthly totals. In January 2023, Illinois collected $27,621,022.42 and $28,187,064.97, respectively.

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Canna Law Blog

MAY 18, 2023

How does the marijuana sales tax work? Oregon is somewhat unique in that it only taxes marijuana at the point of sale to a retail customer. So producers, wholesalers, and processors don’t collect or pay sales tax. The sales tax is typically, if not always, included in the advertised price and not added on at the register.

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Cannabis Law Report

MARCH 26, 2022

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Illinois News Joint

NOVEMBER 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for October. The October sales total of $138,751,456.09 kept Illinois’ monthly sales totals on track in 2023 to eclipse the 2022 yearly totals of $1,552,324,820.37. These figures do not include taxes collected.

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Illinois News Joint

JULY 11, 2023

The Illinois Department of Financial and Professional Regulation today announced recreational cannabis sales totals for June 2023. June sales totals were the third-most monthly sales since recreational-use legalization began. in total June sales, only behind December 2022’s $143,899,826.30 February: $120,488,569.91

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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. July out-of-state resident sales totaled $35,792,604.01.

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Cannabis Law Report

APRIL 7, 2022

States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. States Collected More Than $3.7 FULL REPORT : [link]. Read full report.

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Illinois News Joint

JUNE 3, 2023

The Illinois Department of Financial and Professional Regulation announced recreational cannabis sales totals for May 2023. After recording strong monthly sales totals for March and April, Illinois recorded its third-most monthly sales total since legalization. 2023 total monthly sales include: January: $127,938,019.85

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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. Coming off Illinois’ third-largest monthly sales total of $134,790,381.77 in March, Illinois recorded its fourth-most monthly sales total in April at $131,990,502.83. in out-of-state resident sales.

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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 out-of-state resident sales totaled $34,283,995.41.

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Illinois News Joint

MARCH 2, 2023

Illinois Department of Financial and Professional Regulation today announced Illinois’ February 2023 recreational sales totals. The most significant totals come from out-of-state resident sales. Illinois out-of-state resident sales totals for the last year have hovered between $35-$43 million per month. February: $120,488,569.91

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Illinois News Joint

APRIL 5, 2023

Illinois Department of Financial and Professional Regulation announced Illinois’ March 2023 recreational cannabis sales totals. The March sales total of $134,790,381.77 March in-state sales totals finished at $101,080,949.24. Out-of-state resident sales also bounced back from February 2023 low totals of $30,764,036.89

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Cannabis Law Report

AUGUST 4, 2021

Most of those states also apply their general sales tax to cannabis sales, and some allow localities to levy additional taxes. In total, states with licensed markets collected $1.7 Note that these numbers do not include sales tax or local tax revenue from marijuana transactions. Ad valorem. 133,150,349. 175,106,330.

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Cannabis Law Report

DECEMBER 2, 2021

million in back taxes due to a flat-tax structure paid by growers instead of at the point-of-sale. In the fiscal year 2021, Alaska regulators collected just under $29 million, so the $1.8 Alaska cannabis businesses owe nearly $1.8 million in unpaid taxes is a small portion of the total taxes that cultivators pay the state.

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The NM Political Report | Medical Cannabis Program

MAY 5, 2022

million the state is expected to collect from non-medical cannabis sales. State Taxation and Revenue Secretary Stephanie Schardin Clarke told NM Political Report that while the estimated refund amount may sound like a lot of money, it is a fraction of the estimated $31.5

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Cannabis Law Report

DECEMBER 2, 2021

Legal marijuana sales are pushing local government budgets to new highs. Taxes from legal sales are a welcome boost to government bottom lines. The Arizona Department of Revenue says the first year of recreational marijuana sales has raised more than $106 million. Now we have a better idea of how much money.

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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. The in-state January resident sales totals finished at $91,820,903.30. The January out-of-state resident sales totaled reached $36,117,116.55 The 2022 sales totals of $1,552,324,820.37

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Medical Marijuana Program Connection

FEBRUARY 8, 2023

Oklahoma collected some $5.9 million from state and local sales taxes on marijuana sold in January, reported MSN citing Oklahoma. Read More

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Illinois News Joint

DECEMBER 1, 2023

Taxes are collected from the cultivator tax, dispensary tax (% THC), state sales tax, local sales tax, municipal cannabis tax, and county cannabis tax. IDOR listed the cannabis tax totals from the beginning of legalization in Illinois to October 2023 at $1,426,879,997. In 2022, Illinois took in $450,463,952.

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Cannabis Law Report

AUGUST 10, 2021

The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital. To that end, The Hawthorne Collective will provide a $150 million convertible loan to Toronto-based RIV Capital (TSX: RIV) (OTC: CNPOF), a cannabis investment and acquisition firm currently listed on the Toronto Stock Exchange. MARYSVILLE, Ohio, Aug.

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Canna Law Blog

OCTOBER 4, 2023

Under California law , operators of commercial websites that collect “personally identifiable information through the Internet about individual consumers residing in California who use or visit its commercial Web site” need a privacy policy. To be fair, this won’t be the case for your run of the mill cannabis company.

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Canna Law Blog

OCTOBER 3, 2023

The decision to only require retailers to submit tax compliance certificates makes sense because the problem giving rise to the rule was the non-remittance of sales tax collected at points of sale. In Oregon, such tax is only collected at the retail level.

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Cannabis Law Report

JULY 22, 2021

Not only that sales may even outpace Colorado by year’s end. Arizona is on track to outpace Colorado in marijuana sales just months after it became legal for recreational use in the Copper State, with total annual sales expected to surpass $1 billion by the end of this year, according to state data. The Hill reports.

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Medical Marijuana Program Connection

JULY 17, 2023

var mantis = mantis || []; mantis.push(['display', 'load', { property: '5bbb53a2bcafb20075d8dc64' }]); Colorado dispensaries will collect less money in 2023 than they did last year, according to sales projections based…

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Cannabis Law Report

AUGUST 3, 2021

Kiva Sales & Service , one of the leading cannabis distributors in California , has formally announced the appointment of Brooks Jorgensen as President. In welcoming Jorgensen to the KSS team, Kiva Confections Co-founder and CEO Scott Palmer stated, “Kiva Sales & Service has supported and grown brands since its inception.

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SpeedWeed

SEPTEMBER 8, 2021

billion in taxable cannabis sales and $333.2 Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 million in cultivation tax and $1 billion in state sales tax during the course of the past 3 1/2 years. billion in taxable sales.

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Cannabis Law Report

JULY 29, 2021

For consumers, the proposed law: Legalizes and regulates the cultivation, manufacture, testing and sale of marijuana and marijuana products to adults aged 21 and up. Legalizes home grow for adults aged 21 or older with a limit of 6 plants per person and 12 plants per person.

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Cannabis Law Report

JANUARY 30, 2023

Here’s their latest missive to members and anybody else that will listen Hey Folks, Legislative Emergency – We have just 24 hours to collect petition signatures and submit written testimony against House Bill 2505 which will INCREASE cannabis sales taxes by 7% to a total rate of 27%.

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Cannabis Law Report

JUNE 2, 2021

1, 2019, the day legal sales began, and Sept. 30, the end of the 2020 fiscal year, the industry tallied more than $330 million in sales, according to the state Treasury. Government revenue collected in recreational marijuana excise taxes totaled $31 million in fiscal year 2020. Department of Veteran Affairs’ most recent data.

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Cannabis Law Report

JUNE 9, 2022

Since the Legislature last year gave local jurisdictions the option to add the local 3% tax on recreational cannabis sales, every county to vote on the measure has approved the tax. The Montana Department of Revenue last week reported the latest monthly cannabis sales figures. million in sales. The medical market saw $8.2

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Cannabis Law Report

APRIL 13, 2022

(The Center Square) – Marijuana sales in Colorado continued a downward trend in February totaling $145 million, according to the state’s latest market data. February marked the third consecutive month of declining marijuana sales following a record-breaking year in 2021, the Colorado Department of Revenue’s (CDOR) figures show.

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Illinois News Joint

MAY 16, 2023

Illinois is set to switch its cannabis seed-to-sale tracking system after delivering a Notice of Intent to award a contract to a new vendor. With the new contract, Metrc is poised to take over Illinois’ seed-to-sale tracking for licensed operators. Illinois uses BioTrack as its current track-and-trace vendor.

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