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Ohio’s Recreational Cannabis Market Landscape and Projections

Veriheal

As debates heat up over recreational cannabis, all eyes turn to Ohio and its potential legalization. Ohio, often viewed as a bellwether state, now faces a defining question: Will it join the growing roster of states opting to launch legal recreational marijuana markets? in recent years. Passions run deep on both sides.

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Legislation to Expedite Cannabis Cultivation Introduced in New York

SpeedWeed

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re flexible and ready to pivot.”.

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The Tax Foundation: States Projected to Post Higher Marijuana Revenues in 2021

Cannabis Law Report

With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling , it is a good time to examine the tax implications of legalization. 15% retail excise tax; $9.65/oz. leaves cultivation tax; $1.35/oz 10.75% excise tax (retail price). 29,051,904.

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Thursday: New Hampshire legislature passes recreational cannabis bill, sends to Senate

Cannabis Law Report

The bill would appropriate $2 million to a Cannabis Control Commission to launch administration of the law, with “priorities for the allocation of the remaining funds subject to appropriation,” starting with $100,000 annually to the Department of Safety for a drug monitoring initiative and data collection on health impacts.

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New Poll Asserts 55% of European Adults Support Cannabis Legalization

Cannabis Law Report

A recent poll found that 55% of Europeans back the broad legalization of adult-use cannabis, with the majority of supporters also in favor of regulated retail sales and home cultivation. Among those in favor, 81% supported regulated retail, 62% supported home cultivation, and 56% backed social-use clubs.

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Trulieve Cannabis Corp. Acquires Harvest Health And Recreation Inc. In $2 Billion Deal

SpeedWeed

announced on Monday that it has reached an agreement to acquire Harvest Health and Recreation Inc. The combined company will have licensed cannabis operations in 11 states, including 22 cultivation and processing facilities with a total capacity of 3.1 Acquires Harvest Health And Recreation Inc. the parent company of High Times.

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Saving Oregon’s Cannabis Industry

Canna Law Blog

Though the cannabis industry is one of America’s most lucrative new industries — with estimates that it will reach approximately $58 billion in sales by 2028 — the markets in several recreational states are suffering severe financial harm. in February 2024 according to data aggregate site Headset.io.

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