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Holland & Hart: Cannabis Taxation: Where Does the Money Go?

Cannabis Law Report

In the decade since adult-use markets first launched, local, and state governments have allocated billions of dollars in collected cannabis taxes to fund educational infrastructure, substance abuse prevention and treatment programs, public safety and many other initiatives designed to improve the lives of those living in […]

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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. of the population enrolled.

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The Monumental Potential of New York’s New Legal Cannabis Program

SpeedWeed

Advocates are calling New York’s legal marijuana program the best in the nation. How Great is New York’s New Legal Cannabis Program? . Home cultivation, the bane of our collective existence, is permitted once regulations are adopted. New York has enacted one of the most ambitious marijuana legalization programs in the country.

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

Cannabis Law Report

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. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of flower, $3.00

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Does Legal Cannabis Increase Your Home’s Value? This Data Says So

Cannabis Law Report

who haven’t yet sold a year’s worth of legal cannabis are predicted to collect $601 million in new annual tax revenue. Different states allocate their tax revenue towards different things, but according to a report by Urban Institute, education programs (including community colleges and pre-K schools) are the most likely to benefit. .

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These Patient Advocacy Groups Are Working Together to Expand the Scope of Cannabis Research

Veriheal

In turn, cannabis advocates have struggled to properly educate the public with the limited amount of scientific evidence available. states pass relevant legislation and educating doctors about the power of cannabis medicine. But one area of cannabis medicine is still lagging behind—research. Bringing Cannabis Into Mainstream Medicine.

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How Illinois’ cannabis taxes are spent

Illinois News Joint

Taxes from adult use cannabis sales, including wholesale taxes and retail taxes at dispensaries, get collected into the Cannabis Regulation Fund, which are then distributed by statute and spent by the fiscal year budget. First, the money flows to administrative expenses by the State agencies implementing cannabis.