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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. As of January 2024, 24 states have legalized adult-use cannabis; over half the US population lives in a state where it is legal. The DEA is conducting a review of cannabis scheduling. million in taxes and fees.

DEA 52
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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.

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In Case You Missed It: Key Marijuana Law Developments in 2022

The Blunt Truth

It has already been a busy year for marijuana law! Governor Kevin Stitt signed legislation enacting a moratorium on some new medical marijuana licenses, effective on August 1, 2022 and ending August 1, 2024. Creates a three-member commission and cannabis office to implement and administer cannabis laws. Development. Processors.

Law 111
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March medical cannabis sales reach $25.9M

Illinois News Joint

Total retail sales for 2024 reached $74,682,676.11. Total 2024 wholesale sales by cultivation centers reached $99,268,930.28, and total wholesale sales since November 2015 by cultivation centers totaled $3,441,143,301.70. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $25,917,010.11

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

Gavin Newsom signed budget trailer bill Assembly Bill 195 (AB-195) into law. AB-195 contains several significant reforms to California’s cannabis laws. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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January and February medical cannabis sales hover around $24M

Illinois News Joint

Total retail sales for 2024 reached $48,765,439.01. Total 2024 wholesale sales by cultivation centers reached $66,850,312.73, and total wholesale sales since November 2015 by cultivation centers totaled $3,373,608,900.01. Monthly Totals for 2024: January: $24,338,551.30 February: $24,427,904.62 March: $29,018,805.60

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Trulieve Deposits Another $5 Million Into Florida 2024 Initiative Says Cannabis Business Times

Cannabis Law Report

Florida-based cannabis giant Trulieve recently doubled its contribution to the Smart & Safe Florida political committee with another $5 million toward a 2024 ballot initiative to legalize adult-use cannabis. 1, 2024, with election officials needing 30 days to check signatures before that deadline. 23 to circulate the petition.