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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

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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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%

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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

million in cultivation tax and $1 billion in state sales tax during the course of the past 3 1/2 years. They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. billion, which includes $1.4 Bringing in $40.4

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Cannabis-Related Arrests in Virginia Decrease By 90 Percent After Legalization

SpeedWeed

The new law legalizes cannabis possession up to one ounce, as well as cultivation of up to four personal plants per household, but requires that the grower tags their plants with their driver’s license/ID and a note saying that they are being grown for personal use. In July and August of 2020 , there were 257 arrests.

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What Makes CannMed Unique and Why You Don’t Want to Miss It

Medicinal Genomics

Since then, CannMed has transformed into an industry event that attracts the brightest minds in cannabis science, medicine, cultivation, and safety testing. In addition, attendees will be able to collect stamps from each exhibitor’s tiki stand to earn entry into a drawing for exclusive prizes.

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Marijuana Legalization Rundown: New Legislation Across Several States

Cannabis Law Report

With regard to represented workers, the CRA does not “invalidate, diminish or otherwise interfere with any collective bargaining agreement” or the bargaining powers of any party to a collective bargaining agreement. The retail sale of marijuana in Virginia, however, will not begin until January 1, 2024. Philadelphia, PA.

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Maryland House Speakers Supports Putting Cannabis Legalization to Public Vote Next Year

SpeedWeed

The new law legalizes simple possession and home cultivation for adults 21 and over, seals some marijuana-related records, and creates a new independent state entity, the Cannabis Control Authority (CCA), to regulate the cannabis market. Creighton of Richmond, Co-Founder, The Jackson Ward Collective Rasheeda N. Rasheeda N.