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

Cannabis Law Report

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). local sales tax on adult-use cannabis and has collected $237.5 million as of November 2021. 46,104,922.

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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

(CSE: MXT) (OTCQB: MXTTF) aims to address these problems by pairing biometric interviews with brainwave data to create a proprietary mental health reference database. Using machine learning algorithms and qualified practitioner input, the company is leveraging that data to build tools that deliver digital diagnostic opinions.

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Santa Barbara County Projects $6 Million Cannabis Revenue Shortfall for 2021-22

Cannabis Law Report

Because of a glut of marijuana on the market, the county’s tax revenue from cannabis cultivation is projected to be only $12.4 During the 2020-21 fiscal year ending last June, the county collected $15.7 million in taxes from cannabis cultivation. million this fiscal year, or $6 million less than the $18.4

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Update: Massachusetts Marijuana Establishments Surpass $2 Billion in Gross Sales

Cannabis Law Report

And despite being closed for two months in 2020 due to the COVID-19 public health emergency in Massachusetts, 89 Marijuana Retailers generated $714.1 million over the second year of adult-use sales, from November 2019 to November 2020, while 91 Marijuana Retailers reached a total of $702 million for the full calendar year of 2020.

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CA:Long Beach Lowers Cannabis Taxes

Cannabis Law Report

The Long Beach Collective Association (“ LBCA “), cannabis business owners, policy advocates, patients, consumers, and city officials came together to support the city’s legal cannabis business community to lower taxes. MRR report. The successful effort to lower taxes was a grassroots, community effort to effect change in Long Beach.

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Cannabis-Related Arrests in Virginia Decrease By 90 Percent After Legalization

SpeedWeed

The new law legalizes cannabis possession up to one ounce, as well as cultivation of up to four personal plants per household, but requires that the grower tags their plants with their driver’s license/ID and a note saying that they are being grown for personal use. In July and August of 2020 , there were 257 arrests. “A