Remove Collective Remove Cultivation Remove Education Remove Policy
article thumbnail

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.

article thumbnail

Chacruna… Psilocybin Mushroom Policy Review Panel: 2021 Comprehensive Report

Cannabis Law Report

In May 2019, Denver became the first city in the United States to decriminalize personal possession, cultivation and storage of psilocybin mushrooms. The initiative also created the Denver Psilocybin Policy Review Panel (“Panel”), which was required to report back to the City on the public safety and other impacts of decriminalization.

Policy 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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. 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.

article thumbnail

The Untold Story of Black Hemp Farmers in America

PrestoDoctor

These pioneers played a pivotal role in the cultivation and success of the hemp industry. For centuries, Black farmers across America have toiled the land, harnessing their expertise and knowledge to cultivate hemp crops. Enslaved Africans and later free Black farmers were responsible for cultivating vast hemp plantations.

Hemp 98
article thumbnail

How Texas Original Compassionate Cultivation Weathered the State’s Winter Storm

SpeedWeed

And now that he’s spent years here, navigating the cultivation side of the industry and monitoring broader trends in the U.S., In 2008, I was invited by a colleague to sit on the Board of the San Diego Medical Marijuana Collective, and subsequently ended up purchasing the company.

article thumbnail

Back to the BRC: “The ability to tax cannabis is one of the main political reasons given to support recreational legalization. A successful tax system will need to raise money to pay for increased education, public health and enforcement costs associated with marijuana cultivation and use.”

Cannabis Law Report

While we could devote a book length article to a present day critique of that report we are going to limit our thoughts to a review of the Tax Policy component of the report which appears on pages 48 through 56. Yet it still remains that a logical and effective taxation system can help establish effective broader public policy.

article thumbnail

Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market. Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022.