Illinois News Joint

JUNE 16, 2023

Bob Morgan introduced HB1189 , which would have refunded the excess money from the Compassionate Use of Medical Cannabis Fund back to registered medical cannabis patients in Illinois. The $40,000,000 transferred from the Compassionate Use of Medical Cannabis Fund into Cannabis Business Development Fund was increased from $12,000,000.

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Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Canna Law Blog

JUNE 23, 2023

New York State’s recently passed 2024 budget includes many cannabis-related provisions, addressing enforcement, licensure, and penalties, with the goal of curbing the state’s illicit marijuana market. New power for the DOF to fine cannabis dealers who aren’t paying the proper state taxes. A new tax fraud crime.

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Illinois News Joint

APRIL 2, 2023

One of the comments we get most, especially after publishing monthly cannabis sales totals, is, “Where’s all that tax money going?” According to the CROO website, the Illinois Department of Revenue posts monthly updates how the Cannabis Regulation Fund gets distributed. For more Illinois cannabis industry news, visit here.

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Cannabis Law Report

JULY 11, 2022

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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SpeedWeed

SEPTEMBER 8, 2021

The largest legal cannabis market in the world just had the best quarter on record. billion in taxable cannabis sales and $333.2 million in total program tax revenue, according to the California Department of Tax and Fee Administration (CDTFA). billion in cannabis excise tax, $347.4 billion, which includes $1.4

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Canna Law Blog

NOVEMBER 16, 2022

It’s no secret that, among California’s many cannabis industry issues, local control continues to stymie the success of the Golden State’s industry. In this, California is not alone– most cannabis is all local. Back in August, I wrote about the cannabis tax measure in L.A. That’s a good thing.

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Cannabis Law Report

FEBRUARY 19, 2022

While cannabis legalization moves full steam ahead through much of the Northeast, the southeastern U.S. These states haven’t made major headlines for their progressive cannabis policies, but together they constitute a major market that has, nevertheless, dipped its toe in the water. has been notably slow to uptake major reforms.

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Cannabis Law Report

DECEMBER 4, 2021

Cannabis tax revenue generated more than $2 billion in the U.S. This year, five states—New York, New Jersey, Connecticut, Virginia and New Mexico legalized recreational pot, bringing to 18 the number of states enacting law to regulate and tax cannabis for adult use. Fortune reports. For now, U.S. municipalities are swimming in cash.

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Cannabis Law Report

JULY 19, 2021

Virginia is committed to legalizing cannabis the right way—by learning from other states, by listening to public health and safety experts, and by centering social equity,” said Governor Northam. Cannabis Control Authority (CCA). Board members cannot have financial interests in the cannabis industry. million in 2024 and $38.4

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SpeedWeed

AUGUST 29, 2021

Enough signatures were submitted by Colorado advocates to get Initiative 25 onto the ballot this November, which, if passed, would increase recreational cannabis tax percentages and fund “out-of-school learning opportunities” for children and youth. If approved, it would further increase the tax to five percent by 2024.

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Veriheal

SEPTEMBER 9, 2021

The cannabis industry has been on a progressive incline for the last few years and 2021 is no exception. In fact, this year looks set to be one of the most successful years for cannabis reform in the United States so far. . Collectively, the four aforementioned newly legal states are projected to earn $4.5

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Cannabis Law Report

MAY 28, 2022

Amid plummeting prices for cannabis “flower” in the Golden State, Santa Barbara County is likely to collect only $10.8 million in cannabis tax revenues this fiscal year, or 40 percent less than the $18.4 It’s the second time the CEO has been forced to lower the county’s cannabis tax projections for 2021-22.

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Cannabis Law Report

NOVEMBER 3, 2021

(“Khiron” or the “Company”) (TSXV: KHRN) (OTCQX: KHRNF )(Frankfurt:A2JMZC), a vertically integrated medical cannabis leader with core operations in Latin America and Europe , is pleased to announce the opening of Zerenia™ Clinics UK in London as its first International Zerenia™ clinic in Europe.

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LifeCannMD

JULY 8, 2021

The cannabis industry may finally have found a partner in the major league sports arena. Though the NFL generates $15-$18 billion annually, the cannabis industry in the United States is estimated to be valued at pumping $130 billion on an annual basis into the U.S. economy by 2024. And does it work?

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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. Virgin Islands legalized adult-use cannabis. March brought an election defeat for adult-use cannabis.

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SpeedWeed

JULY 19, 2021

RICHMOND, Virginia, July 19, 2021 – PRESS RELEASE— Governor Ralph Northam announced appointments to the three newly-created boards responsible for overseeing the legalization of recreational cannabis in the Commonwealth. CANNABIS CONTROL AUTHORITY. Board members cannot have financial interests in the cannabis industry.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Ordinance Repealing the Cannabis Consumption Pilot Program. Ordinance Repealing the Cannabis Consumption Pilot Program. Although I-300 was undoubtedly a milestone for cannabis normalization, because of the restrictive nature of the bill, no more than a handful of businesses were granted a Denver consumption license.

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Cannabis Law Report

AUGUST 18, 2021

As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Other jurisdictions are catching up to the marijuana law frenzy.

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SpeedWeed

JULY 19, 2021

RICHMOND, Virginia, July 19, 2021 – PRESS RELEASE— Governor Ralph Northam announced appointments to the three newly-created boards responsible for overseeing the legalization of recreational cannabis in the Commonwealth. CANNABIS CONTROL AUTHORITY. Board members cannot have financial interests in the cannabis industry.

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The Blunt Truth

JANUARY 5, 2022

As we previously wrote , the Cannabis Regulatory Commission has not released regulations relating to the WIRE (but is expected to) and has suspended the requirement for the physical examination. Virginia addressed both recreational marijuana and cannabis oil. Retail sales will not begin until January 1, 2024. New Jersey.

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SpeedWeed

MARCH 15, 2021

Cannabis taxes can be a pain in the pocketbook, but they keep marijuana legal and well regulated. Adult-use states tend to tax non-medical cannabis at so-called sin tax rates, 20% to 35% and higher, much like alcohol. For others, a $50 or $100 med card renewal may save them thousands in adult-use cannabis excise taxes.

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Cannabis Law Report

JANUARY 3, 2022

As we previously wrote , the Cannabis Regulatory Commission has not released regulations relating to the WIRE (but is expected to) and has suspended the requirement for the physical examination. Virginia addressed both recreational marijuana and cannabis oil. Retail sales will not begin until January 1, 2024. New Jersey.

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Canna Law Blog

AUGUST 13, 2022

In 2024, we may finally see adult use marijuana in Florida. Notably, this current initiative is backed by Trulieve, the largest cannabis operator in the state. See: Cannabis Ballot Measures Are a Sucker’s Game. It seems that Floridians badly want adult use cannabis in a regulated fashion. The initiative process.

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Cannabis Law Report

AUGUST 18, 2021

Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In cannabis legalization (or Tilray’s waiver of such condition).In MedMen is a leading cannabis retail brand in the U.S., It’ll be interesting to see if they run with the MedMen brand. Prior to U.S.

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Cannabis Law Report

AUGUST 17, 2021

Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In MedMen is a leading cannabis retail brand in the U.S., cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. Prior to U.S.

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Peninsula Alternative Health

JUNE 12, 2023

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. This landmark legislation, which was developed in response to the approval of Question 4 on the 2022 ballot, brings about significant changes to the cannabis industry in the state.

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Peninsula Alternative Health

JUNE 12, 2023

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. This landmark legislation, which was developed in response to the approval of Question 4 on the 2022 ballot, brings about significant changes to the cannabis industry in the state.

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Cannabis Law Report

AUGUST 4, 2021

from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Second investment grade credit rating from Fitch Ratings after the one secured with Moody’s last year.

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Cannabis Law Report

FEBRUARY 8, 2020

Cannabis sustainability has a long, winding road ahead before perceptible change occurs and progress slowly begins. As a society, we are obsessed with “ green ,” regardless of your definition: money, cannabis, recycling, or our politics.

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Cannabis Law Report

AUGUST 30, 2019

Ballot initiative campaigns to approve adult-use and medical cannabis, respectively, moved closer to appearing on the 2020 ballot in Arizona and Idaho, while a similar effort to put the issue of adult-use cannabis to Ohio voters has met with legal challenges from the State Election Board. The SAFE Banking Act (H.R.

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Kind Meds (Cannabis Education Blog)

FEBRUARY 7, 2022

Historical evidence suggests that humans worldwide have been cultivating and consuming cannabis for tens of thousands of years, but cannabis use has skyrocketed in recent years, especially in the US. Our ancestors consumed cannabis flower for recreational, medicinal, and spiritual purposes.

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Canna Law Blog

AUGUST 30, 2023

It’s no secret that the cannabis industry is on a steep decline in a variety of states, including California. We have time and again written about the specific woes plaguing the California cannabis industry. Cannabis repeal may be on the horizon. Of course, cannabis NIMBYs are not unique to California.

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Cannabis Law Report

JUNE 30, 2019

In this week’s edition: The US House passes bipartisan measure to prevent the Department of Justice from interfering with state medical and adult-use cannabis laws. The Delaware Senate passes legislation making violation of cannabis consumption/possession laws by minors a civil rather than criminal infraction.

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SpeedWeed

MARCH 2, 2021

Ralph Northam expected later this week, Virginia will become the 16th state to legalize cannabis for adult use—although legalization won’t actually take effect until 2024. Ned Lamont included adult-use cannabis in a Feb. With the signature of Gov. Who’s likely to follow Virginia? There are a number of serious contenders.

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Canna Law Blog

FEBRUARY 20, 2024

Throughout the course of both of his initial candidacy and eventual presidency, the businessman-turned-reality TV star-turned-President and Republican frontrunner for the 2024 election, Donald Trump, had a rollercoaster of a political relationship with cannabis reform. Overall Grade: C, possibly a C+ at best.

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