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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 Most of their marketing is conducted online, as laws are much stricter in Mexico than in much of the US.

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Cannabis Collections Headaches and What to Do

Canna Law Blog

For the cannabis companies able to survive this rocky time, cannabis collections are becoming an increasing headache as other cannabis businesses fold and/or just ignore payment obligations. In any event, the cannabis collections process is no easy task. Suing Pretty much no one but litigators (and not even all litigators!)

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Group Working To Get Recreational Marijuana Use Back On South Dakota Ballot

Medical Marijuana Program Connection

(KVHT) – The deadline for petitions to put measures on South Dakota’s 2024 ballot, including recreational marijuana legalization, is May 7th. Campaigners, like South Dakotans for Better Marijuana Laws, must collect 17,508 valid signatures from registered voters by then. Read More

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Wyoming Cannabis Lobbyists Endeavor to Get Two Cannabis Initiatives Featured on 2024 Ballot

Veriheal

Now, pro-cannabis groups have their sights set on 2024. . There are two years still to go until the 2024 ballot takes place. Rather, the avid cannabis supporter stated that a January 2023 deadline would be more feasible to ensure that Wyoming’s legalization initiatives face a fair vote at the 2024 ballot. We are hopeful.”.

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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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Cannabis occupation tax rate changes July 1

Illinois News Joint

Effective July 1, 2024, certain taxing jurisdictions have, by ordinance, imposed or changed their Municipal or County Cannabis Retailers’ Occupation Tax on the gross receipts from sales of adult use cannabis. Cash registers and computer programs must be adjusted so that beginning on July 1, 2024, the corrected tax rate is collect and paid.

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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. 2024 total monthly sales include: January: $133,787,753.89 These figures do not include taxes collected. 2024 total monthly sales include: January: $133,787,753.89 February: $135,571,931.44