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Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry

Cannabis Law Report

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Allow eligible equity retailers to keep a percentage of the excise tax they collect.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. of the population enrolled.

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Washington Cannabis Bills to Watch in 2022

Cannabis Law Report

With a new year, comes a new legislative session, which started on January 10, 2022 here in Washington state. In Washington, we have short sessions (60 days) in even-numbered years and longer sessions (105 days) in odd-numbered years, so in 2022 there will be a short session. HB 1667 -? HB 1668 and companion bill SB 5547 -?

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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

MAY 16, 2022 BY DEANNA J. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. To go into effect, the proposal must be approved by a two-thirds majority of the state legislature by June 15, 2022. Source: [link].

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Proposed Oklahoma Bill Would Give Cannabis Taxes to Law Enforcement for Inspection Oversight

Cannabis Law Report

House Bill 3530 , in part, aims to allocate the first $5 million collected from the state’s 7% excise tax on medical cannabis sales each year to a County Sheriff Public Safety Grant Revolving Fund created under the bill, according to the legislation’s text. Oklahoma-2022-HB3530-Comm_Sub. The measure, sponsored by Rep.

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Connecticut Becomes the 20th Jurisdiction to Legalize Recreational Marijuana

The Blunt Truth

Although provisions relating to possession are effective now (as of July 1, 2021), the employment-related provisions are not effective until July 1, 2022. On June 22, 2021, Connecticut Governor Ned Lamont signed a bill that legalized recreational marijuana use by adults 21 years and older.

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Australian General Election, Legalise Cannabis Party Candidates Profiles: Michelle Stanvic ACT

Cannabis Law Report

This year, the party for the first time , is presenting a unified national front for the 2022 general election and as they have virtually received no coverage from the mainstream media, here at Cannabis Law Report, we thought it might be an idea to get to know the candidates on their own terms. Click on image to watch on you tube.