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

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. 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. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.

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Tax Foundation: Coloradans to Vote on Structurally Unsound Property and Cannabis Tax Changes

Cannabis Law Report

Colorado Proposition 119: Increasing Cannabis Taxes. To partially fund the program, the state’s tax on retail sales of cannabis would increase from 15 percent to 20 percent over three years. Colorado collected $410 million in cannabis excise tax es in FY 2021 from a 15 percent wholesale tax and 15 percent retail tax.

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

SpeedWeed

They don’t make cannabis products like they used to, and there’s an increasing number of Colorado lawmakers who think that’s problematic. 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.

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New Analysis Shows Tax Revenue From Cannabis In The Billions

SpeedWeed

States that have legalized adult-use marijuana sales have seen billions of dollars in fresh tax revenue from cannabis, according to a new study. billion in tax revenue from legal, adult-use marijuana sales,” while “cities and towns have also generated hundreds of thousands of dollars in new revenue from local adult-use cannabis taxes.”.

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California: Department of Cannabis Control Names Leadership Team

Cannabis Law Report

Here’s who’s been appointed and their short bios… The Department of Cannabis Control (DCC) was established Monday, July 12. The creation of this standalone cannabis department is part of a larger effort to improve access to licensure, simplify regulatory oversight and support California businesses.

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Cannabis Freedom Alliance Publish Their Inaugural Monthly Newsletter

Cannabis Law Report

Welcome to the Cannabis Freedom Alliance Monthly Newsletter! The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. Meet the Cannabis Freedom Alliance!

Policy 119
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New State Cannabis Office Debuts in Colorado

SpeedWeed

Colorado Governor Jared Polis announced the official launch of the Cannabis Business Office (CBO), which will manage multiple aspects of business owner support and social equity in the industry. Governor Polis said in a statement on July 28 that the new office will help improve the state’s already thriving cannabis industry.

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