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Cannabis Meets Lollapalooza, First Festival Since Illinois’ Legalization

Cannabis Law Report

In 2019, 400,000 people attended Lollapalooza, along with a few medical transports and arrests. Unfortunately, one person also died, which drew negative criticism towards the event’s safety protocols as another festival goer also died the year prior. Opt for vaping or eating edibles. Don’t let this give you any ideas.

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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.

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New York Medical Marijuana Guide

Cannabis Law Report

The researchers found overwhelming benefits for the economy, public health and safety, and thusly recommended the development of a comprehensive regulatory framework for marijuana use in the city. . Researchers predict that the market will be valued at $7 billion by the year 2025. Current situation and fight for recreational use.

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Three Ways to Enter the Cannabis Market Quickly 

The Joint Blog

Legal sales hit $66 billion in 2019 , and the number of new businesses entering the market is skyrocketing. Experts estimate revenues from legal purchases to surpass 34% by 2025. For example, Vegas just opened the first cannabis lounges that would be similar to bars, but with smoking, vaping, drinks, and edibles. .

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Oregon Cannabis Proposals Could Dramatically Reshape Industry

Cannabis Law Report

Many state policymakers fail to understand this dynamic, which recently resulted in the Minnesota Legislature accidentally legalizing edibles containing up to 50 milligrams of delta-9 THC per package, as some state legislators failed to understand that legalizing hemp-derived cannabinoids included delta-9 THC that falls at or below the 0.3%

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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.

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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.).

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