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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. There’s an update on Alabama’s medical cannabis licensing program (meet the new year; same as the old year). As always, further bulletins as events warrant. million in taxes and fees.

DEA 52
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CJIA announces $30M grant opportunity for R3 Program

Illinois News Joint

The Illinois Criminal Justice Information Authority (ICJIA) today released a notice of funding opportunity to provide Restore, Reinvest, and Renew (R3) programming in historically underserved Illinois communities. Applications must be submitted by April 30, 2024. To find cannabis-friendly events in Illinois, visit here.

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April medical cannabis sales total $25M

Illinois News Joint

Total retail sales for 2024 reached $99,749,327.83. Total 2024 wholesale sales by cultivation centers reached $129,966,963.40, and total wholesale sales since November 2015 by cultivation centers totaled $3,507,427,930.76. Monthly Totals for 2024: January: $24,338,551.30 To find cannabis-friendly events in Illinois, visit here.

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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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IDOA releases cannabis transporter legislative update

Illinois News Joint

The Illinois Department of Agriculture (IDOA) and Division of Cannabis Regulation today released a legislative update about the passage of Senate Bill 1559 and the new cannabis transporting laws. Governor JB Pritzker signed into law SB1559, also known as the Access to Affordable Insulin Act, on Dec.

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Cook County Cannabis Development Grant extends deadline

Illinois News Joint

The Cook County Government announced today that the application window for the Cook County Cannabis Development Grant (CCC Development Grant) program has been extended to Friday, June 21. million in grants to businesses that have licenses awarded under the State of Illinois Adult-Use Cannabis Social Equity Program.

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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.

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