Illinois News Joint

JULY 3, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for June 2024. In June, dispensaries sold 4,006,004 cannabis items, and in-state resident sales reached $109,136,192.82. 2024 total monthly sales include: January: $133,787,753.89 February: $135,571,931.44

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Illinois News Joint

APRIL 22, 2024

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. To verify combined state and local retailers’ occupation tax rates (i.e.,

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Illinois News Joint

APRIL 17, 2024

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. February: $135,571,931.44

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Illinois News Joint

MARCH 14, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for February 2024. Dispensaries sold 3,636,925 cannabis items in February. 2024 total monthly sales include: January: $133,787,753.89 These figures do not include taxes collected. February: $135,571,931.44

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The Blunt Truth

JANUARY 5, 2024

Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. Since that time, the industry has taken in $15 billion in revenue, with the state collecting $2.6 Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

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Illinois News Joint

FEBRUARY 25, 2024

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. 2) During calendar year 2024, 60,000 grams per month. (3)

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CannaEffect

APRIL 23, 2024

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.

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Illinois News Joint

JULY 10, 2024

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

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Veriheal

MAY 4, 2023

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% In Germany, legal recreational cannabis sales are slated to launch by the end of 2024. at the end of 2020. billion) by 2027.

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Veriheal

SEPTEMBER 21, 2021

include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection. has 126 dispensaries and 22 cultivation facilities across 11 states. The company has 18 production facilities, 44 retail licenses, and 32 dispensaries located across 10 states. . The cannabis brands from Green Thumb Industries Inc.

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Cannabis Law Report

JANUARY 9, 2022

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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Cannabis Law Report

FEBRUARY 19, 2022

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.

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Veriheal

SEPTEMBER 9, 2021

Collectively, the four aforementioned newly legal states are projected to earn $4.5 ” This fee — which is designed to support social equity programs — is required to convert up to three medical cannabis dispensaries into dual medical-recreational facilities. billion in annual sales by the fourth year of operation.

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Cannabis Law Report

JUNE 1, 2021

Given the size and scale of the study, RYAH has developed a custom software solution, using OAuth API-integration to protect the privacy of the participants in the study, with the goal of enabling a fully integrated, patient feedback and data collection capability. billion, servicing nearly 340,000 active patients.

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Cannabis Law Report

JUNE 23, 2021

Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., In 2019, the island’s economy grew by 2.1%

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Illinois News Joint

APRIL 2, 2023

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.

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The Blunt Truth

APRIL 20, 2021

Retail sales will not begin until January 1, 2024. However, some advocates continue to push for an earlier start to retail sales, particularly for already-established dispensaries. Next Steps for Employers.

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Veriheal

JANUARY 21, 2025

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. This push led to significant changes, including the introduction of labor laws designed to safeguard worker rights.

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Cannabis Law Report

FEBRUARY 8, 2020

Dayna Stein closes with a powerful statement: “ Our business is truly about community building and taking collective action.”. Then there’s the bursting cannabis industry, filled with all its technology and compliance –yet void of any measurable reduction in the collective carbon footprint. But are they?

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Cannabis Law Report

JULY 8, 2021

Marijuana sales in Colorado and Washington have been higher than projected in recent years, resulting in increased tax collections. billion by 2024. Marijuana sales in Colorado and Washington have been higher than projected in recent years, resulting in increased tax collections. billion by 2024. . million to the economy.

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The Blunt Truth

AUGUST 4, 2023

A longtime opponent of marijuana legalization, Travis Ismay, has submitted a measure for the 2024 ballot. 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. But, it’s South Dakota , where unusual things happen in the cannabis world.

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Peninsula Alternative Health

JUNE 12, 2023

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?

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Peninsula Alternative Health

JUNE 12, 2023

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?

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The Blunt Truth

DECEMBER 29, 2023

Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. Transportation of the product to the the dispensary is an issue, as they have to travel over state-owned roads. Watch for updates on this story in 2024. Spoiler alert: that number will change!

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Cannabis Law Report

NOVEMBER 7, 2019

Beyond the attractive collection of strategic assets and intellectual property that Dr. Kingsley has assembled, I have taken this role because I share the Company’s ambitious vision for the future of cannabis. The second tranche of 2.5 million Incentive Warrants has an exercise price of US$3.81. The third tranche of 2.5

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Cannabis Law Report

JUNE 30, 2019

Maine Janet Mills (D) signed bills clarifying how medical cannabis dispensaries can become for-profit entities and making technical changes to Maine’s cannabis laws. Canadian federal and provincial governments collected $186 million in tax revenue from the sale of cannabis in the first six months following legalization.

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SpeedWeed

MARCH 15, 2021

Additionally, dispensaries pay a 4% privilege tax when they purchase products from cultivators. . Medical marijuana: Dispensaries are required to pay a gross receipts tax, which varies across the state from 5.125% to 8.8125%. Some dispensaries factor this tax into the price of a purchase, and others tack it on at point of sale.

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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. The Make It Legal advocacy group says it must collect about 200,000 more signatures; 766,000 are needed to put the issue before voters. With the signature of Gov.

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

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Connor & Connor PLLC

AUGUST 15, 2024

According to the Pew Research Center (2024), 88% of Americans believe cannabis should be legal for either medical or recreational use. On May 21, 2024, the DEA opened a 62-day public comment period, which concluded on July 22, 2024. Therefore, it was not surprising that President Biden asked for the review. What is 280E.

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Cannabis Law Report

AUGUST 30, 2019

An FBI spokeswoman asked listeners of a podcast to contact local FBI field offices with tips regarding illegal dispensaries or public corruption linked to the awarding of state cannabis licenses. The measure has the backing of several national dispensary chains, including MedMen, Harvest Health and Recreation and Curaleaf Holdings.

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The Blunt Truth

JULY 16, 2020

Oklahoma’s assistant solicitor general indicated that the state will not enforce its regulations governing residency requirements and location limitations for medical marijuana dispensaries. The pandemic forced them to stop collecting signatures. Projections for 2024 show more money spent on legal marijuana than on craft beer.

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