article thumbnail

Cannabis Is Helping Cultivate Jobs in More Than Dispensaries

Veriheal

3, 2022, 37 states, three territories and the District of Columbia allow the medical use of cannabis products. 9, 2022, 21 states, two territories and the District of Columbia have enacted measures to regulate cannabis for adult non-medical use.” Flowhub says, “Nearly $3 billion in retail cannabis taxes were collected in 2022.”

article thumbnail

A Look Back at California Cannabis in 2022

Canna Law Blog

The year 2022 was a busy one for the California cannabis industry, with everything from tax reform to the beginning of enforcement. A few things happened in 2022 that indicate the agencies may be changing their approach. Under state law, CDTFA collected both a cultivation tax and an excise tax.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Week in Weed: August 19, 2022

The Blunt Truth

New Approach ND collected signatures well in excess of the number needed to put the initiative on the ballot, and the Secretary of State certified the measure. Legalization lost at the ballot box in 2018, so we’ll see how it fares in 2022. The Cannabis Control Board also approved additional cultivator and processor licenses.

article thumbnail

Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.

article thumbnail

Isle of Man to Build £100 Million Cultivation Facility

Cannabis Law Report

If all goes to plan, Peel NRE will make Isle of Man the building site for a massive medical cannabis cultivation facility. Will Isle of Man become the new cannabis cultivation center of the world? Isle of Man cultivation facility. Isle of Man to Build £100 Million Cultivation Facility.

article thumbnail

California Cannabis Tax Relief: CDFTA and Assembly Bill 195

Canna Law Blog

As I previously blogged , California is finally on board with a modicum of cannabis tax relief for cannabis licensees (mainly for the benefit of cultivators). As of July 1, 2022, there is no more cultivation tax. Arguably, all it really does is move the tax headache and collection burden around between licensees.

article thumbnail

Flora Growth Appoints Industry-Leading Cultivator Derek Pedro as Genetics and Cultivation Advisor

Cannabis Law Report

(NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today the appointment of world-renowned cannabis genetics and cultivation expert Derek Pedro as an advisor to its Cosechemos cultivation facility. Prior Press Release Correction.