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

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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. February: $120,488,569.91

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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. February: $135,571,931.44

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California Police Auctioning Off Seized Cannabis Merchandise

Veriheal

Collectively, the ten dispensaries owe more than $14.4 The Los Angeles Police Department collected bongs, cannabis manufacturing equipment, and furnishings including a snow cone machine, artwork, TVs, cameras, a refrigerator, and other miscellaneous office supplies. It will be held on February 16, 2024, at 777 W.

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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. 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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Cannabis Is Helping Cultivate Jobs in More Than Dispensaries

Veriheal

Flowhub says, “Nearly $3 billion in retail cannabis taxes were collected in 2022.” The 2024 election year is quickly approaching, and with some luck, we’ll finally see an end to federal marijuana prohibition. The post Cannabis Is Helping Cultivate Jobs in More Than Dispensaries appeared first on Cannabis Central.