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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’ March cannabis sales 2nd highest since legalization

Illinois News Joint

March totals reached $148,872,065.12, the 2 nd highest monthly total since legalization. March in-state resident sales totaled $114,458,207.57, and dispensaries sold 4,048,897 cannabis items, both of which also were the 2 nd highest monthly total since legalization. 2021 total monthly sales include: January: $88,813,872.78

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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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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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Richmond Compassionate Care Collective v. Koziol, et al., Case No. MSC16-01426

Cannabis Law Report

October 5, 2021. The case, Richmond Compassionate Care Collective v. MSC16-01426 (California Superior Court for the County of Contra Costa), involved a dispute between medical marijuana collectives in Richmond, California. By Leo Caseria & Thomas Tyson. Koziol, et al. Leo Caseria. Thomas Tyson.

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The Week in Weed: December 17, 2021

The Blunt Truth

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Malta is legalizing adult-use cannabis. Lawmakers in Rhode Island work on legalization. The Parliament passed a law formally legalizing the use and growing of marijuana this week. Cannabis is coming to Malta.

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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

legal and illicit cannabis consumer spending reached an estimated US$97 billion in 2021, according to a new report by New Frontier Data. legal and illicit sales in 2021, cannabis consumer spending now exceeds spirits ($86 billion), validating the vast market opportunity. With an estimated $97 billion in U.S. Read more at.

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