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The Week in Weed: February 21, 2020

The Blunt Truth

District Attorney Jackie Lacey indicated that her office has dismissed felonies for cultivation, transporting, or sales for persons meeting certain requirements. Staying out west, New Mexico will phase out medical cannabis cards for non-residents , starting mid-year 2020.

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And the Winner of the 2020 Election Is…Weed!

The Blunt Truth

1 – a constitutional amendment to legalize the use and possession of marijuana for persons age 21 and older and legalize the cultivation, processing, and sale of retail marijuana. In New Jersey , by a nearly 2-1 margin, voters passed Public Question No.

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California Cannabis: Napa County Headed for a Cultivation Compromise?

Canna Law Blog

Cannabis cultivation and the means for regulating it have been contentious topics in Napa County for some time now. Following collection of those signatures, the County Board of Supervisors took up the issue on July 23 rd. Typically, the Board would have three possible paths forward in such a situation.

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Illinois 2023 medical sales lowest start in two years

Illinois News Joint

In January 2023, Illinois collected $27,621,022.42 and in February 2023 Illinois collected $26,652,042.97. Total 2023 wholesale sales by cultivation centers reached $79,407,155.34. Total wholesale sales since November 2015 by cultivation centers finished at 2,698,654,423.87. Monthly Totals for 2020 January: $27,358,975.27

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The Tax Foundation: States Projected to Post Higher Marijuana Revenues in 2021

Cannabis Law Report

It includes the tax design, final revenue in fiscal year (FY) 2020 and estimated revenue for FY 2021, and revenue per capita generated in the same fiscal years. In total, states with licensed markets collected $1.7 billion in FY 2020 from state-level excise taxes. State Marijuana Tax Collections Continue to Grow.

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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. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Fourth Quarter of 2020-21: $213 Million. Preliminary 2020-21 Total: $817 Million.

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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