The Blunt Truth

DECEMBER 29, 2023

Welcome back to The Year In Weed, The Blunt Truth’s annual roundup of cannabis-related stories. Last year , I predicted there would be no federal cannabis legalization, but that perhaps states would legalize. We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. Was I right?

DEA 52

DEA Retail Legalization Food 52

Illinois News Joint

DECEMBER 1, 2023

The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. The presentation included one significant cannabis tax item, the business expense deduction for licensed Illinois cannabis businesses. For more Illinois cannabis industry news, visit here.

Cultivation 84

Cultivation Programs Collective Cannabis 84

The Blunt Truth

APRIL 7, 2023

This week, Kentucky legalized medical cannabis. And finally, a new collective bargaining agreement would allow NBA players to use, promote and invest in cannabis. Governor Andy Beshear (D) signed a medical cannabis legalization bill into law late last week. Maryland’s legislature worked on setting up an adult-use market.

Access 59

Access Collective Legislation Legalization 59

Leafly

JULY 5, 2023

Leafly rates Nature's Heritage's Guava IX from Maryland's new legal cannabis era—part of our expert collection of rated flowers.

Collective 80

Collective Legalization Hybrid Cannabis 80

The Blunt Truth

JANUARY 20, 2023

And finally, if you’re looking for a cannabis-friendly hotel in Las Vegas, there’s a new place in town to stay. Fast forward to 2023, and we’re still waiting for those regs. The three jurisdictions, known collectively as the DMV, have had very different laws as regards cannabis as long as this blog has been around.

Pharmaceutical 84

Pharmaceutical CBD Hemp Collective 84

Illinois News Joint

DECEMBER 4, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for November, which set a new record for in-state resident sales at $105,457,293.74, breaking September 2023’s previous record of $105,071,931.58. 2023 total monthly sales include: January: $127,938,019.85

Collective 92

Collective Events Dispensary Cannabis 92

Illinois News Joint

NOVEMBER 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for October. kept Illinois’ monthly sales totals on track in 2023 to eclipse the 2022 yearly totals of $1,552,324,820.37. With October sales totals, the 2023 yearly sales totals to date have reached $1,341,946,463.50

Collective 67

Collective Events Cannabis Dispensary 67

Illinois News Joint

MARCH 14, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for February 2024. After a dip in out-of-state resident cannabis sales in January, out-of-state resident cannabis sales in February outpaced the previous month to push February’s overall total sales pass January.

Collective 71

Collective Events Cannabis Dispensary 71

Leafly

JULY 10, 2023

Leafly rates Green Clover's top-notch Dragon Heart from Oregon’s robust trove of high-CBD cannabis—part of our expert collection of rated flowers.

Collective 67

Collective CBD Cannabis Strains 67

Leafly

SEPTEMBER 14, 2023

Expert Matt Jackson gets our sh*t together with this collection of weed storage solutions for fall 2023; like Alien Labs and Cookies' latest.

Collective 116

Collective Strains Cannabis 116

The Blunt Truth

MAY 12, 2023

SAFE BANKING The Senate Banking Committee held a hearing late this week on the difficulties the cannabis industry faces due to a lack of access to the federal banking system. NEW JERSEY Cannabis companies are unable to deduct business expenses on their federal taxes, due to Internal Revenue Code Section 280E.

Banking 52

Banking Programs Collective Food 52

Illinois News Joint

JULY 11, 2023

The Illinois Department of Financial and Professional Regulation today announced recreational cannabis sales totals for June 2023. The in-state resident sales reached $101,996,034.92, and the out-of-state resident sales totaled $34,412,287.15, which was the most since January 2023. These figures do not include taxes collected.

Collective 84

Collective Recreational Events Cannabis 84

The Blunt Truth

SEPTEMBER 8, 2023

And finally, could we have a new slang term for cannabis? SOUTH DAKOTA This week, South Dakota’s Attorney General released a final explanation of the adult-use cannabis legalization measure. This action allows proponents of the measure to begin collecting signatures. Take for example, Rep. Could “waffles” be a new one?

Legalization 97

Legalization Collective Legislation Business 97

Illinois News Joint

APRIL 5, 2023

Illinois Department of Financial and Professional Regulation announced Illinois’ March 2023 recreational cannabis sales totals. The March 2023 totals received a significant bounce from previous months and March 2022 totals. million more than February 2023 totals of $120,488,569.91 The March sales total of $134,790,381.77

Collective 79

Collective Events Cannabis Dispensary 79

Illinois News Joint

AUGUST 3, 2023

The Illinois Department of Financial and Professional Regulation today announced recreational cannabis sales totals for July. For the second-straight month, Illinois set a new monthly sales record for 2023. Since legalization, July 2023 sales totals only trail December 2022 totals of $143,899,826.30. February: $120,488,569.91

Collective 80

Collective Recreational Events Cannabis 80

Leafly

JULY 10, 2023

Zero from Oregon’s robust trove of high-CBD cannabis—part of our expert collection of rated flowers. Leafly rates Highland Provisions' Wilson!

Collective 55

Collective CBD Cannabis Strains 55

Veriheal

FEBRUARY 8, 2024

All-star basketball player Kevin Durant recently scored a historic victory for cannabis advocacy. Previous efforts by Durant had significant involvement in the National Basketball Association’s (NBA) decision to remove cannabis from its list of banned substances. He’s also a fierce cannabis advocate.

Advocacy 113

Advocacy Chronic Pain Policy Cannabis 113

Leafly

JULY 10, 2023

Leafly rates Alter Farm's top-shelf Wild Cherry from Oregon’s trove of CBD-dominant cannabis—part of our expert collection of rated flowers.

Collective 53

Collective CBD Cannabis Strains 53

Illinois News Joint

MAY 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for April 2023. In 2023, monthly out-of-state resident totals dropped to the mid-to-low $30 million. In April, Illinois sold 3,367,602 total cannabis items, and in-state resident sales reached $99,561,394.90.

Collective 82

Collective Recreational Events Cannabis 82

The Blunt Truth

AUGUST 18, 2023

The AG has released a final summary of that, so those backing the measure can begin collecting signatures. Since the medical cannabis initiative passed with about 70% support in 2020, it seems unlikely that public opinion has swung so far in the opposite direction, but in South Dakota, never say never. Seems like a happy ending, right?

Legalization 97

Legalization Collective Marijuana CBD 97

Illinois News Joint

JUNE 3, 2023

The Illinois Department of Financial and Professional Regulation announced recreational cannabis sales totals for May 2023. May totals reached $132,777,299.46, surpassing all other months, except March 2023 ($134,790,381.77) and July 2020 ($135,658,291.46). 2023 total monthly sales include: January: $127,938,019.85

Recreational 81

Recreational Collective Events Cannabis 81

Illinois News Joint

SEPTEMBER 5, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for August. August followed only July 2023 total of $140,048,722.23 August in-state resident sales set a new record at $104,940,014.62, outperforming July 2023 and December 2022 in-state resident totals.

Collective 67

Collective Events Cannabis Dispensary 67

Veriheal

APRIL 23, 2024

Cannabis use is increasing all around the world. The American marijuana industry was worth about $57 billion in 2023 and is projected to reach $444 billion by 2030, a staggering growth that reflects it as the fastest-growing industry anywhere in the world.

Chronic Pain 109

Chronic Pain Data Edibles Sleep 109

Cannabis Law Report

MAY 22, 2023

By Douglas Berman on May 22, 2023 In a couple of articles (see here and here, also flagged below), I have advocated that modern marijuana reform efforts should include the creation of a new criminal justice institution, which I have called a “Commission on Justice Restoration.”

Collective 52

Collective Data Marijuana Legalization 52

Illinois News Joint

OCTOBER 2, 2023

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for September. 2023 total monthly sales include: January: $127,938,019.85 These figures do not include taxes collected. 2023 total monthly sales include: January: $127,938,019.85 February: $120,488,569.91

Collective 85

Collective Recreational Events Cannabis 85

Cannabis Law Report

FEBRUARY 17, 2023

California’s Cannabis Advisory Committee to hold Equity Subcommittee meeting The Cannabis Advisory Committee (CAC) will hold an Equity Subcommittee meeting on March 2, 2023, at 1:00 p.m. View the meeting agenda and information about the meeting.

Collective 52

Collective Data Cannabis Business 52

Illinois News Joint

FEBRUARY 25, 2024

Senate Bill 1723 , which deals with several provisions for craft growers, recently moved from Executive to the Subcommittee on Cannabis. Lightford originally proposed the bill that amends the Cannabis Regulation and Tax Act on Feb. Kimberly A. 2) During calendar year 2024, 60,000 grams per month. (3)

Extraction 70

Extraction Agriculture Oil Cultivation 70

Illinois News Joint

FEBRUARY 2, 2023

Illinois Department of Financial and Professional Regulation announced Illinois’ January 2023 recreational sales totals today. For 2022, Illinois sold a total of 36,435,129 cannabis items, an increase of 20% from 2021. 2023 total monthly sales include: January: $127,938,019.85 These figures do not include taxes collected.

Collective 74

Collective Events Cannabis Dispensary 74

Cannabis Law Report

JANUARY 9, 2022

Legalizing cannabis for adults has been a wise investment. billion in tax revenue from legal, adult-use cannabis sales. billion in tax revenue from legal, adult-use cannabis sales. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

Collective 52

Collective Policy Retail Programs 52

Cannabis Law Report

FEBRUARY 13, 2023

Tariq has previously contributed posts on Islamic Law in Pakistan – Global Legal Collection Highlights, the Law Library’s 2013 Panel Discussion on Islamic Law, Sedition Law in India, and FALQ posts on Proposals to Reform Pakistan’s Blasphemy Laws, Article 370 and […]

Law 104

Law Collective Hemp Legalization 104

Canna Law Blog

MARCH 11, 2024

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.

Chronic Pain 102

Chronic Pain Recreational Patients Medicine 102

Veriheal

JANUARY 15, 2024

2023 World UN World Drug Report The 2023 World Drug Report urges the development of effective drug policies. The 2023 World Drug Report shows unreasonable use of criminal penalties for the “war on drugs” movement as it discourages people who use drugs for treatment, and this encourages social stigma.

Policy 117

Policy Research and Development Collective Law 117

Cannabis Law Report

JANUARY 31, 2023

Their article On January 1, 2023, changes are coming to the cannabis excise tax in California. The responsibility for collection and payment of tax to the California Department of Tax and Fee Administration (CDTFA) will transfer from distributors to cannabis retailers. Changes for Cannabis Distributors: […]

Retail 52

Retail Collective Cannabis Business 52

Dykema (Cannabis Law Blog)

NOVEMBER 4, 2022

Today’s enthusiasts are a diverse collection that includes executives, parents, healthcare workers, and everyone in between. As new markets continue to emerge and legislative hurdles ease, M&A activity in the cannabis industry is primed for a big year. Here’s what to expect in 2023: . . . That trope is long gone.

Collective 52

Collective Legislation Cannabis 52

Canna Law Blog

OCTOBER 4, 2023

It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. Any cannabis business that operates in California and has a website is clearly subject to this requirement. Any cannabis business that operates in California and has a website is clearly subject to this requirement.

Policy 97

Policy Business Data Collective 97

Veriheal

MAY 4, 2023

This is the projected figure for Europe’s cannabis market by 2027, based on recent estimates published by Prohibition Partners. These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% at the end of 2020.

Seed-To-Sale 93

Seed-To-Sale Supply Chain Recreational Hash 93

Cannabis Law Report

DECEMBER 9, 2022

Parallel Brands, and certain affiliates, (collectively, “Parallel”). SunStream anticipates announcing further details in respect of its investment in Parallel in the first quarter of 2023. […]. SNDL+ Free Alerts , announced the closing of a $10 million bridge term loan to Surterra Holdings Inc.

Collective 52

Collective Cannabis 52