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Europe’s Cannabis-Friendly Hotspots Could Trigger an Economic Shift 

Veriheal

In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. In Germany, legal recreational cannabis sales are slated to launch by the end of 2024. On top of this, another controlled cannabis supply chain will roll out across Europe in 2024, but this time in the Netherlands. billion) by 2027.

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These 4 Newly Legal States Are Projected Earn an Annual $5 Billion

Veriheal

Medical cannabis cultivators who currently operate in the State of Connecticut could apply for a recreational license as early as this summer. However, it’s important to note that — according to the Marijuana Policy Project — each applicant would be required to pay a fee of $3 million. Legal Cannabis Business Framework .

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Marijuana tax rates: a state-by-state guide

SpeedWeed

Additionally, dispensaries pay a 4% privilege tax when they purchase products from cultivators. . For more information, check out this bulletin on marijuana tax policy in Connecticut. Wholesale: The excise tax on cultivators is $335 per pound of flowers, $94 per pound for trim, $1.50 He co-hosts The Hash podcast.

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Recreational Cannabis Legalization in Germany? Medical Cannabis Businesses and Investors Hope So

Veriheal

Although Germany’s medical cannabis policy is in its early stages, it still outshines other European cannabis markets due to its colossal growth. For example, by the year 2024, more than 1 million German patients will be able to get their hands on medicinal-grade cannabis. billion (USD$8.4 billion) by 2028.