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

Cannabis Law Report

With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling , it is a good time to examine the tax implications of legalization. In 2021 alone, four states (Connecticut, New Mexico, New York, and Virginia) have passed bills to legalize. Tax Design.

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Connecticut Legalizes Recreational Marijuana

Cannabis Law Report

Connecticut has become the 19 th state to legalize recreational marijuana use by adults. Governor Ned Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-use Cannabis on June 22, 2021. Connecticut will permit individuals 21 years of age and older to possess and use recreational cannabis.

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In legal weed states, employees are failing drug tests at record pace

The Cannigma

The number of employees testing positive for cannabis has soared over the past decade, especially in states with legal recreational marijuana, a recent report found. The 2021 Drug Testing Index carried out by Quest Diagnostics found that in states with legalized recreational marijuana , positivity rates for marijuana testing rose 118.2%

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Massachusetts marijuana excise tax revenue exceeds alcohol for first time

Cannabis Law Report

While tax data shows alcohol consumption is hardly plummeting, the meteoric rise in cannabis use speaks to changing attitudes about recreational alcohol and marijuana use. ” Bell said the general public is becoming more comfortable with the idea of recreational marijuana, even if they’re not using it themselves.

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Canada: Medical Cannabis & Cannabinoid Regulation 2021

Cannabis Law Report

24 June 2021. Generally speaking, the federal government has the authority to regulate all aspects of the cannabis industry except for rules pertaining to sale, consumption and distribution, which are left to the provinces and territories, consistent with their constitutional jurisdiction over property and civil rights.

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Marijuana Legalization Rundown: New Legislation Across Several States

Cannabis Law Report

As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Here’s a round-up of the most recent developments: New Laws.

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High Tide Reports Second Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Another Record Adjusted EBITDA of $4.7 Million

Cannabis Law Report

– June 28, 2021 (CNW Group/High Tide Inc.). Second Quarter 2021 – Financial Highlights: Revenue increased by 99% to $40.9 million in the three months ended April 30, 2021 , compared to $20.6 The second quarter of 2021 financial results incorporate the acquisition of META Growth Corp. on March 24, 2021.

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