Remove 2016 Remove Collective Remove Cultivation
article thumbnail

California Shattered Marijuana Tax Revenue Record In Latest Fiscal Year, State Reports

Cannabis Law Report

California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Marijuana Moment reports. Fourth Quarter of 2020-21: $213 Million.

article thumbnail

CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

Insiders

Sign Up for our Newsletter

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

article thumbnail

CannMed Events Unveils New Genomics Workshop for CannMed 25

Medicinal Genomics

This new workshop features the greatest collection of cannabis genomics experts and innovative cultivators ever assembled! If you are even remotely curious about how genomics can be applied to cannabis breeding and cultivation, this is the workshop you cant miss!

article thumbnail

Halo Collective Announces Reorganization of International Assets to Create Akanda, a Leading African Medical Cannabis Company

Cannabis Law Report

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

article thumbnail

Alabama Medical Cannabis Commission Hires Director, Unveils Plans to Begin Cultivation Next Year

SpeedWeed

California’s adult-use cannabis ballot measure that was approved by voters in the November 2016 election, Proposition 64 was enacted under former Gov. The post Alabama Medical Cannabis Commission Hires Director, Unveils Plans to Begin Cultivation Next Year appeared first on SpeedWeed. As of Sept. wanted him gone.

article thumbnail

MPP Report: Marijuana Tax Revenue in States that Regulate Marijuana for Adult Use

Cannabis Law Report

Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $210.6 Oregon voters approved an initiative regulating marijuana for adult use in November 2014, and the state’s first adult-use stores opened in October 2016.

article thumbnail

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. local sales tax on adult-use cannabis and has collected $237.5 This document reviews each state’s adult-use cannabis tax structure, population, and revenue from legalization. million as of November 2021.