Remove 2019 Remove 2025 Remove Concentrates Remove Edibles
article thumbnail

Legalizing Marijuana- What Economic Benefits Does the Act Bring Along?

Cannabis Law Report

Several cannabis products like concentrates, flowers, edibles like XO Nic Salt , chocolates, and cookies saw a remarkable increase. Studies show that in 2019, Colorado collected more than $302 million as fees and taxes on recreational and medical marijuana. million as aggregate federal tax revenue by 2025.

article thumbnail

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

Cannabis Law Report

In the 2019 and 2020 fiscal years, state officials reported that revenue from the 37% cannabis retail tax outpaced alcohol tax revenue, despite the fact that many more adults consume alcohol than cannabis. The city of Denver, for example, applies an additional 5.5% local sales tax on adult-use cannabis and has collected $237.5 46,104,922.

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

Oregon Cannabis Proposals Could Dramatically Reshape Industry

Cannabis Law Report

Before diving into the task force’s regulatory proposals regarding cannabinoids, it is important to frame the discussion by explaining that the key distinction between marijuana and hemp is simply that the latter is defined as cannabis plants and products with a delta-9 THC concentration of less than 0.3%. concentration threshold.

article thumbnail

New York Medical Marijuana Guide

Cannabis Law Report

Researchers predict that the market will be valued at $7 billion by the year 2025. And according to a Nielsen analytical report , the US market of legal marijuana will reach $41 billion in revenue by 2025, meaning that New York will make up close to 17% of the market share. In 2018, the New York legal cannabis market reached $1.8

article thumbnail

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

Cannabis Law Report

In the 2019 and 2020 fiscal years, state officials reported that revenue from the 37% cannabis retail tax outpaced alcohol tax revenue, despite the fact that many more adults consume alcohol than cannabis. The city of Denver, for example, applies an additional 5.5% local sales tax on adult-use cannabis and has collected $210.6 46,104,922.

article thumbnail

World Cannabis Market Investments at a Glance

Cannabis Law Report

Thanks to the work of enthusiasts and professionals, today CBD extraction is carried out with maximum efficiency, while the extraction methods are safe for the environment, and the finished product contains the most purified cannabidiol concentrate. By 2025, the capitalization of the industry is expected to grow to $ 200 billion.

article thumbnail

Meritas Law Firms Worldwide Article: Global Cannabis Industry: The Essential Primer

Cannabis Law Report

Retailers such as Walgreens, CVS, Rite Aid, Kroger, Safeway, Nordstrom, and DSW are selling or plan to sell CBD-infused topical lotions, cosmetics, and even edibles where they are legally able to do so. billion in 2025, according to Grandview Research. the form the finished product can take (edibles, topicals, etc.).

Law 40