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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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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Taxing medical cannabis patients the same as recreational consumers is a form of discrimination that harms their health and well-being.

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New Mexico and Virginia Legalize Cannabis for Recreational Use

The Blunt Truth

Following closely on the heels of both New York and New Jersey enacting recreational cannabis laws, New Mexico and Virginia have enacted their own laws allowing adults to use cannabis for recreational purposes. Virginia Recreational Cannabis Law. Retail sales will not begin until January 1, 2024. Next Steps for Employers.

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These Top Valuable Cannabis Companies are Worth a TON

Veriheal

Yahoo Finance has compiled a list of the most valuable cannabis companies in the world and has explained that the recreational market is “outpacing” the medicinal one as the “world public opinion towards the consumption of weed is changing.” include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection.

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Report: Gen Z Would Rather Smoke Cannabis Than Consume Alcohol

Veriheal

These surveys explore the motivations and methods behind cannabis usage for both medical purposes and recreational enjoyment. California was the first state to legalize medicinal cannabis in 1996, right around the time that Gen Z began to enter society.

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

Cannabis Law Report

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. per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis. Currently, the cultivation tax rates are $10.08

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Prohibition Partners Launches The Asian Cannabis Report™,

Cannabis Law Report

billion by 2024 if both medical and recreational cannabis are legalised across a number of key markets. Almost 86 million people across Asia consume cannabis annually and medicinal cannabis consumption alone is expected to increase faster in Asia than in other early-adopter nations and regions. billion.