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States Collect $3.7 Billion In Recreational Cannabis Tax Revenue In 2021 Says MPP Report

Cannabis Law Report

States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. States Collected More Than $3.7 FULL REPORT : [link]. Read full report.

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Another strong month for Illinois recreational cannabis sales

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced recreational cannabis sales totals for May 2023. May totals reached $132,777,299.46, surpassing all other months, except March 2023 ($134,790,381.77) and July 2020 ($135,658,291.46). 2020 total monthly sales include: January: $39,247,840.83

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NJ Has Issued Citations To Seven Cannabis Companies Jan 2020 – April 2022

Cannabis Law Report

Blomberg write… Exclusive documents obtained by Bloomberg under New Jersey’s Open Public Records Act show that the state cannabis regulatory commission issued citations to seven companies from January 2020 through mid-April 2022, when marijuana sales broadened from medical to recreational.

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The Week in Weed: May 22, 2020

The Blunt Truth

The news getting the most attention this week is the reopening of Massachusetts’ recreational marijuana shops, scheduled for May 25. Recreational shops, however, had to close. The state Supreme Court ruled that all signatures for ballot initiatives must be collected in person. And finally, you can now buy hemp at Petsmart.

Banking 115
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Illinois shatters record for annual cannabis sales at $1.63B

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for December. 2020 total monthly sales include: January: $39,247,840.83 2020 Totals: $669,084,410.12 These figures do not include taxes collected. 2020 total monthly sales include: January: $39,247,840.83

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Illinois’ March cannabis sales 2nd highest since legalization

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for March 2024. 2020 total monthly sales include: January: $39,247,840.83 2020 Totals: $669,084,410.12 These figures do not include taxes collected. 2020 total monthly sales include: January: $39,247,840.83

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The Week in Weed: March 13, 2020

The Blunt Truth

In tribal news, the Oglala Sioux voted to legalize medical and recreational marijuana on their reservation in South Dakota. This means that the group will have to redraft the proposal, collect signatures and resubmit. Nevertheless, advocates are confident they will be able to get the initiative on the November 2020 ballot.

Banking 105