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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

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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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado voters approved an initiative to regulate cannabis for adults in November 2012, and on January 1, 2014, the state became the first with legal adult-use sales. Colorado (pop. 46,104,922. 104,759,961.

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

Cannabis Law Report

While it is still a relatively new market (Colorado was the first state to legalize cannabis in 2012), excise tax revenue figures to date can help lawmakers get a sense of the revenue potential at different rates and contribute to the development of sound marijuana tax policy. In total, states with licensed markets collected $1.7

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Colorado may see its biggest overhaul of marijuana laws since recreational legalization – Cannabis Business Executive

SpeedWeed

As recently as 2014, the vast majority of medical and recreational cannabis sold in Colorado was flower and only 11% was the high-potency concentrates consumed through dab rigs or vape pens. By 2019, concentrates took up a third of the market and flower was below 50%. Read more at The Denver Post ].

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Report: Gen Z Would Rather Smoke Cannabis Than Consume Alcohol

Veriheal

In this piece, we aim to delve into the use of cannabis among Generation Z (those born between 1997 and 2012) for purposes of happiness, healing, and relief. They like inhalable products with fast effects, such as vaporizers and concentrates, and are less likely to gravitate toward slower-onset products such as topicals or tinctures.

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Featured Cannabis Brand: AZ Nectar Farms

Kind Meds (Cannabis Education Blog)

Just as every cannabis user is different, the unique characteristics of the company producing your flower or concentrates can drastically affect the quality of the cannabis and the experience you’ll have with the product. Concentrates, we’d like to showcase one of our favorites for this month’s brand feature: AZ Nectar Farms.

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CO To Tighten Med Cannabis Rules Starting 1.1.22 – New rules for buyers and sellers were announced this week

Cannabis Law Report

That task force was formed by the new law passed this year, HB21-1317 , that represented the state’s most significant overhaul of marijuana regulations since recreational legalization in 2012. The state will limit the daily purchase to two ounces of flower and eight grams of concentrate such as wax and shatter for medical marijuana patients.