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Illinois 2023 medical sales lowest start in two years

Illinois News Joint

The Illinois Department of Public Health (IDPH) updated its January 2023 and February 2023 medical cannabis sales totals yesterday for the first time this year. Medical cannabis sales for 2023 started well below the 2022 and 2021 monthly totals. In January 2023, Illinois collected $27,621,022.42

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

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.

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

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)

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

Cannabis Law Report

AB-195 contains several significant reforms to California’s cannabis laws. The most noteworthy changes are outlined below, beginning with the much-anticipated changes to cannabis taxes. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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Illinois cannabis craft grow bills move forward

Illinois News Joint

Several “cannabis craft grow” bills that would amend the Cannabis Regulation and Tax Act were re-referred to the Illinois House and Senate Rules Committees March 10. Removes language allowing the Department of Agriculture to authorize a decrease of flowering stage cultivation space used for cultivating specified plants.

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Press Release – University of Sydney: Free cannabis testing for ACT home-growers – University to study cannabis use and cultivation in the ACT

Cannabis Law Report

Free cannabis testing for ACT home-growers. University to study cannabis use and cultivation in the ACT. A study will examine home-grown cannabis in the Australian Capital Territory for medicinal and non/medicinal purposes. The goal is to investigate cannabis consumption, behaviours and attitudes among users.

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

Cannabis Law Report

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.