Remove 2019 Remove 2025 Remove Cannabis Remove Policy
article thumbnail

Report: Federal Marijuana Legalization Would Create $86 Billion in New Tax Revenue by 2025

The Joint Blog

New Frontier Data , which claims to be “the authority in data analytics and business intelligence on the global cannabis industry”,?today today announced new economic data detailing the potential impact of federal cannabis legalization in the United States. tax revenue between 2019 and 2025 and a $56 billion annual U.S.

Data 48
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

New York Lays Out the Laws on Cannabis Marketing

Veriheal

New York’s Cannabis Control Board has decided on some things regarding the legal cannabis industry in the state. Now that both medical and recreational cannabis is legal in New York, there are some things that residents and visitors should know. Legal Cannabis Will Bring in Billions of dollars and Thousands of Jobs.

Law 87
article thumbnail

Americans on pace to spend twice as much on weed as on milk

SpeedWeed

Americans spent more than $12 billion on legal cannabis products in the first six months of 2021, according to data analyzed by Leafly and Whitney Economics. Cannabis sales topped $18 billion in 2020. That growth would continue the cannabis industry’s position as the nation’s fastest-growing industry. billion on milk last year.

Data 52
article thumbnail

NY: CPA & Business Advisory Service Launches Cannabis & Hemp Advisory Practice

Cannabis Law Report

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71
article thumbnail

Hemp Crop Destruction and Legalization Analyzed in Recent Report

SpeedWeed

2019: 511,442 acres of hemp licensed, 242,565 acres planted, 134,059 acres harvested. With what the data does offer, more than 4,000 acres of crops were destroyed in 2019 (out of the 242,565 acres that were planted) because they were considered to be hot crops. If a hemp crop was tested to have more than 1.0 THC threshold.”.

Hemp 52
article thumbnail

California: Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses

Cannabis Law Report

Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Tuesday, April 12, 2022.