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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 March: $31,965,526.26
7, 2023, and serves recreational consumers. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. For other Dispensary Spotlights, visit here. The post Dispensary Spotlight: Cookies Bloomington appeared first on Illinois News Joint.
9, 2023, and serves recreational consumers. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. For other Dispensary Spotlights, visit here. The post Dispensary Spotlight: Cookies Peoria Heights appeared first on Illinois News Joint.
The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.
finished as the second-highest monthly total since legalization, only trailing December 2023 totals of $153,936,703.20. Illinois dispensaries in December 2024 also recorded the most cannabis products sold in a month at 4,515,972 and the highest in-state-resident sales at $120,76,516.83. 2023 Yearly Totals: $1,634,983,542.79
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. In November, dispensaries sold 3,769,071 total items. March: $134,790,381.77
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 and should surpass the 2023 yearly totals in December. 2023 total monthly sales include: January: $127,938,019.85
The coalition that couldn’t hold After the 2023 election, the anti-cannabis Move Forward Party won the most votes but couldn’t form a government. Thousands of dispensaries operate without clear legal guidelines, creating compliance nightmares for investors and confusion for consumers.
In 2023, out-of-state resident sales totals averaged around $32-36 million per month. In comparison, January totals for 2023 reached $127,938,019.85. Dispensaries sold 3,551,727 cannabis items. 2023 total monthly sales include: January: $127,938,019.85 2023 Yearly Totals: $1,634,983,542.79 February: $120,488,569.91
Only December 2023 had a higher monthly total at $153,936,703.20. 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. 2023 total monthly sales include: January: $127,938,019.85 February: $135,571,931.44
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 These figures do not include taxes collected.
In May, dispensaries sold 4,112,540 cannabis items, and in-state resident sales reached $113,119,777.82. Each category trails monthly totals from April 2024 and December 2023 totals. 2023 Yearly Totals: $1,634,983,542.79 These figures do not include taxes collected. 2023 Yearly Totals: $1,634,983,542.79
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. Dispensaries sold a record 3,580,946 total items in July, outperforming last month’s totals of 3,464,177 items. February: $120,488,569.91
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. Dispensaries sold a record 3,646,736 total items in August. Dispensaries sold a record 3,646,736 total items in August.
Illinois Department of Financial and Professional Regulation announced Illinois’ January 2023 recreational sales totals today. Dispensaries sold 3,079,621 items in January. 2023 total monthly sales include: January: $127,938,019.85 These figures do not include taxes collected. These figures do not include taxes collected.
Dispensaries sold 3,636,925 cannabis items in February. 2023 total monthly sales include: January: $127,938,019.85 2023 Yearly Totals: $1,634,983,542.79 These figures do not include taxes collected. Dispensaries sold 3,636,925 cannabis items in February. 2023 total monthly sales include: January: $127,938,019.85
The AG has released a final summary of that, so those backing the measure can begin collecting signatures. Sales would be conducted through state-run dispensaries, similar to the state’s liquor stores, which is the only distribution model Sununu will accept. GERMANY But not all the news is in the states, or even in the U.S.
September in-state resident sales set a new record high at $104,940,014.62, and dispensaries sold a record 3,683,920 total items in 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
There are currently 113 adult use cannabis dispensaries in Illinois, including the first three social equity dispensaries that opened in 2022. In addition to three social equity adult use cannabis dispensaries that opened in 2022, 189 other conditional licensees are in the process of receiving full dispensary license from IDFPR.
In June, dispensaries sold 4,006,004 cannabis items, and in-state resident sales reached $109,136,192.82. At this rate, Illinois is projected to surpass by year’s end the 2023 record yearly totals of 1.63 2023 Yearly Totals: $1,634,983,542.79 These figures do not include taxes collected. February: $135,571,931.44
Illinois Department of Financial and Professional Regulation today announced Illinois’ February 2023 recreational sales totals. Dispensaries sold 2,911,925 total items in February, which were also the lowest since the February 2022 totals of 2,586,830. 2023 total monthly sales include: January: $127,938,019.85 May: $129,804,017.72
Dispensaries in Illinois sold a 2024-record 4,140,350 cannabis items, and April 2024 monthly totals reached $144,511,466.85. 2023 Yearly Totals: $1,634,983,542.79 These figures do not include taxes collected. 2023 Yearly Totals: $1,634,983,542.79 These figures do not include taxes collected. February: $135,571,931.44
Another provision requires the Illinois Department of Agriculture to issue an additional 30 craft grower licenses on or before May 1, 2023 and an additional 30 craft grower licenses on or before September 1, 2024 under specified conditions. Kimberly A. 2) During calendar year 2024, 60,000 grams per month. (3)
We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. And not to ruin the ending, but no retail market will open in 2023. Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. million in revenue in one weekend is a tidy sum.
EST on 4/20 that the issue was rectified, which is likely after customers have tried to collect on 4/20 discounts. Other point-of-sale systems were fast to seize the chance: Flowhub BLAZE Flourish Treez Cova Losses at the Dispensary: The co-founder of Curio Wellness, Wendy Bronfein, estimates a sales loss of over $80,000.
.” In the event that the campaign is featured on the 2022 ballot and successfully voted on, state residents would be able to legally use and buy recreational cannabis in Arkansas by February 2023. Arkansas’ Cannabis Legalization Initiative. ” However, specific details have not yet been released.
link] — Dave Joyce (@RepDaveJoyce) August 1, 2023 SOUTH DAKOTA If this were happening in any other state, one might be forgiven for taking a “the guy’s just a crackpot” view of this story. His initiative would repeal the legalization of medical marijuana in the state, forcing all dispensaries to close and making any use of cannabis a crime.
Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 From February 2017 through August 2021, the local taxes collected totaled $86.1 The city of Denver, for example, applies an additional 5.5%
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% Europe’s medical cannabis sales are anticipated to reach €516 million ($568 million) in 2023, skyrocketing to €2.1 at the end of 2020. billion ($2.3
Additionally, on June 18, 2019, the Governor signed into law an emergency bill increasing the amount of marijuana and marijuana products that a caregiver may wholesale to other caregivers and dispensaries from 30% of annual yield to 75% of annual yield. In fiscal year 2023, Maine is banking on $33.2
The press release stated, “This milestone was achieved nearly two weeks faster in 2024 compared to 2023, when the $1 billion sales mark was not reached until July 10. Additionally, Fiscal Year 2024 saw total cannabis sales exceed $2 billion, which represents an increase from Fiscal Year 2023 ($1.9 billion) and Fiscal Year 2022 ($1.8
var mantis = mantis || []; mantis.push(['display', 'load', { property: '5bbb53a2bcafb20075d8dc64' }]); Colorado dispensaries will collect less money in 2023 than they did last year, according to sales projections based…
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. How can I purchase cannabis products in Maryland?
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. How can I purchase cannabis products in Maryland?
One might think of Oregon as a sanctuary for individuals interested in microdosing, as Ballot Measure 109 legalized psilocybin services with service centers coming online in 2023. Measure 109’s intentional divergence from a cannabis dispensary model is clear. Cannabis dispensaries sell cannabis that is to be consumed off site.
Retail Footprint Expected to Reach 23 Operational Dispensaries by H1 2022, More Than Double the Next Largest Retail Operator. million ft 2 by 2023. Over the long term, the Company aims to build its wholesale network to over 700 dispensaries statewide. Canaccord Genuity Corp acted as financial advisor to BRND.
According to the latest estimates by the Bureau of Labor Statistics , in 2023, around 14.4 A key turning point came in 1935 with the National Labor Relations Act (NLRA), which gave private-sector workers the legal right to unionize, strike, and collectively bargain for fair working conditions. Labor unions in the U.S. million U.S.
.” In addition to providing consulting services for local governments, Callton, who said he would never “touch” marijuana himself, helps businesses get approval from Lansing to operate medicinal dispensaries and grow operations. million in tax revenue by 2023. Kesto’s counterpart in the House, Rep.
Acquisition Includes Three Retail Dispensaries, a Cultivation Facility and a Product Manufacturing Facility. Increases Jushi’s Permitted Licensed Retail Footprint to 39 Dispensaries Nationwide 1. NuLeaf boasts a well-established retail network with top-quality, design-forward dispensaries in coveted high-traffic destination locations.
Uber Canada announced its partnership with Tokyo Smoke, a cannabis retailer, to offer ordering in the cannabis category from Tokyo Smoke’s flower collection on the Uber Eats app. 1, 2023, under the new law. A town has the option to later opt back in; however, the state will be issuing a limited number of dispensary licenses.
Beginning January 1, 2023, cannabis retailers will be responsible for collecting and paying the cannabis excise tax (15% of gross sales) to the California Department of Tax and Fee Administration ( CDTFA ). We are confident this will help grow our Provider Network of dispensaries and policyholders.
per RWB Share until May 12, 2023. The raise includes an investment of US $11,337,834 from certain strategic investors (collectively, the “ Investors ”) directly into RWB Florida (the “ Investment Transaction ”). Each Warrant is exercisable to acquire one additional common share (each a “ RWB Share ”) at a price of CDN $1.15
For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). After July 1, 2023, all provisional license renewals will require a demonstration of CEQA compliance. 714-424-8257. ENDNOTES. [1]
I don’t really know, as Hezekiah was alluding to on the collective question, people have to have their come-to-Jesus moment. For the first time in SB94, that’s when the state recognized delivery or non-storefront dispensaries as a type of business. As a collective, you still have to pay your taxes. The fines are significant.
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