Remove 2024 Remove Cannabis Remove Collective Remove Events
article thumbnail

Illinois sets record for cannabis items sold in 2024

Illinois News Joint

The Illinois Department of Financial and Professional Regulation finally announced Friday recreational cannabis sales totals for April 2024. Illinois sold a record-high number of cannabis items in April 2024, while April sales totals dipped from March’s second-highest monthly total since legalization. March: $148,872,065.12

article thumbnail

Cannabis Collections Headaches and What to Do

Canna Law Blog

On this hallowed 4/20, while consumers and businesses celebrate cannabis near and far (which is great!), it’s important to be mindful that the cannabis industry is getting financially pummeled nationwide. In any event, the cannabis collections process is no easy task. That’s your roadmap for recovery.

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: January 5, 2024

The Blunt Truth

Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. There’s an update on Alabama’s medical cannabis licensing program (meet the new year; same as the old year). The DEA is conducting a review of cannabis scheduling. million in taxes and fees.

DEA 52
article thumbnail

Illinois out-of-state resident cannabis sales plummet

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for January 2024. Illinois countered its low out-of-state resident sales with strong in-state resident sales to kick off 2024 with its highest January in-state resident sales since legalization. May: $132,777,299.46

article thumbnail

Illinois’ March cannabis sales 2nd highest since legalization

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for March 2024. 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. March: $148,872,065.12

article thumbnail

Cannabis occupation tax rate changes July 1

Illinois News Joint

The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. For more Illinois cannabis industry news, visit here. What is taxed?

Retail 77
article thumbnail

Illinois out-of-state resident cannabis sales boost February totals

Illinois News Joint

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.