Remove 2024 Remove Collective Remove Concentrates Remove Dispensary
article thumbnail

New York Office of Cannabis Management Gets New Enforcement Powers

Canna Law Blog

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. Several of the new enforcement tools at OCM’s enforcement disposal include: Issuing civil fines for unlicensed sellers.

article thumbnail

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

Cannabis Law Report

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%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding Maryland's New Adult-Use Cannabis Legislation

Peninsula Alternative Health

It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. The legislation also empowers the Maryland Cannabis Administration to issue additional licenses for growers, processors, dispensaries, and new incubators. How can I purchase cannabis products in Maryland?

article thumbnail

Understanding Maryland's New Adult-Use Cannabis Legislation

Peninsula Alternative Health

It allows existing medical cannabis dispensaries to convert their licenses to serve adult consumers. The legislation also empowers the Maryland Cannabis Administration to issue additional licenses for growers, processors, dispensaries, and new incubators. How can I purchase cannabis products in Maryland?

article thumbnail

The Status of Cannabis Legalization in the South

Cannabis Law Report

The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses. The law provides for at least 20 to 40 dispensary licenses (there are currently 33) and four to eight cultivation facility licenses. There is no excise tax on medical cannabis.

article thumbnail

How Illinois’ cannabis taxes are spent

Illinois News Joint

Taxes from adult use cannabis sales, including wholesale taxes and retail taxes at dispensaries, get collected into the Cannabis Regulation Fund, which are then distributed by statute and spent by the fiscal year budget. First, the money flows to administrative expenses by the State agencies implementing cannabis.

article thumbnail

The Year in Weed: 2023 Edition

The Blunt Truth

Kentucky governor Andy Beshear (D) signed a medical cannabis legalization bill, which allows edibles and concentrates, but draws the line at smokable products. Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. Watch for updates on this story in 2024.

DEA 52