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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 Marijuana Moment Report Thus. Read full report.

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Illinois Collects Nearly $100 Million More From Marijuana Tax Revenue Than Alcohol In 2021, State Data Shows

Cannabis Law Report

Illinois has generated almost $100 million more in tax revenue from adult-use marijuana sales than from alcohol in 2021, state data shows. This will be the second round of funding to be issued through the state’s Restore, Reinvest, and Renew (R3) program, which was established under Illinois’s adult-use cannabis legalization policy.

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New Frontier Data Report – Combined U.S. legal and illicit cannabis sales totalled US$97 billion in 2021

Cannabis Law Report

A new report by New Frontier Data estimated that U.S. legal and illicit cannabis consumer spending reached an estimated US$97 billion in 2021, according to a new report by New Frontier Data. Cannabis is no longer a one-size-fits-all industry,” Gary Allen, CEO of New Frontier Data, said in a statement. Read more at.

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Does Legal Cannabis Increase Your Home’s Value? This Data Says So

Cannabis Law Report

A recent study conducted by the National Association of Realtors said 50% of leasing professionals found it wasn’t hard to re-lease a property after tenants smoked cannabis indoors, and the organization “does not have a position on cannabis legalization.”. Legal cannabis raises home value. Clever combined data from Zillow, the U.S.

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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.

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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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Kelley Drye & Warren: CBD and Hemp Legal and Regulatory Roundup – August 2021

Cannabis Law Report

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. The study will utilize Radicle Science’s data analytics platform and a virtual, direct-to-consumer model to deliver objective health outcome data across diverse populations and conditions.

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