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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. In 2021 alone, four states (Connecticut, New Mexico, New York, and Virginia) have passed bills to legalize. Tax Design.

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Richmond Compassionate Care Collective v. Koziol, et al., Case No. MSC16-01426

Cannabis Law Report

Budding Antitrust Activity in the Cannabis Industry: Lessons from Richmond Compassionate Care Collective v. Posted November 2, 2021. A California state court jury’s recent verdict awarding treble damages of $15 million to a medical marijuana collective could be an early harbinger of future activity in the cannabis space.

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In legal weed states, employees are failing drug tests at record pace

The Cannigma

The number of employees testing positive for cannabis has soared over the past decade, especially in states with legal recreational marijuana, a recent report found. The 2021 Drug Testing Index carried out by Quest Diagnostics found that in states with legalized recreational marijuana , positivity rates for marijuana testing rose 118.2%

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Is 2021 The Year Of Meaningful Cannabis Banking Reform?

Cannabis Law Report

26 July 2021. As a refresher, in March 2019, the Secure and Fair Enforcement (SAFE) Banking Act, or H.R. As of July 1, 2021 , recreational cannabis is now legal in 18 states and medical cannabis is legal in nearly 40 states and the District of Columbia. by Jack Jacobson (Washington, DC). Thompson Coburn LLP.

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With $20M to spend on marijuana research for veteran care, Michigan seeks proposals

Cannabis Law Report

The Marijuana Regulatory Agency issued a request for proposals for the 2021 Veteran Marijuana Research Grant Program on Tuesday, June 1. When Michigan voters legalized recreational marijuana in 2018, they mandated that “until 2022 or for at least two years” $20 million in marijuana tax revenue should go to research. Between Dec.

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Illinois 2022 adult-use cannabis sales surpass 1.55B

Illinois News Joint

are the most since legalization in Illinois and a 12% increase from 2021 totals of $1,379,088,278.61 and 20% from 2021 totals of $669,084,410.12. For 2022, Illinois sold a total of 36,435,129 cannabis items, an increase of 20% from 2021. Recreational cannabis sales for 2022 totals included: January: $117,251,759.72.

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Why Is Recreational Marijuana Not Legal In Florida?

LifeCannMD

that have legalized recreational marijuana. According to Bloomberg , Florida’s Medical Marijuana industry saw sales growth of 93% in 2019. . Recreational Cannabis sales are big business in the U.S. Both blue and red states have voted to legalize recreational marijuana. Florida, however, is not one of them.