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Senator Krueger To Use Conference To Outline NY “Nation Leading” Cannabis Approach Says Press Release

Cannabis Law Report

New York: The New Capital of Cannabis? Senator Liz Krueger to Detail ‘Nation-Leading’ Model for Cannabis Legalization at Major Summit This September. Prohibition Partners estimates that total sales of medical and adult-use cannabis in New York will reach USD$2.6 billion by 2025. The New Capital of Cannabis.

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California Cannabis Crops Threatened by Wildfires More Than Any Other Type of Agriculture

Veriheal

According to UC Berkeley’s Department of Environmental Science Policy and Management researchers, California’s cannabis crops are threatened by wildfires more than any other crop. . Cannabis is one of the top five revenue-generating agricultural commodities across the state. Topography. Vegetation.

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The Structure of the Global Cannabis Economy By Robert Hoban

Cannabis Law Report

By many estimates, the global cannabis economy is expected to exceed $95B by 2025. With Germany set to soon legalize and commercialize adult-use cannabis, pundits suggest that Europe is the next frontier for domestic distribution and consumer development. Roughly half of that value is attributed to the United States.

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Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry

Cannabis Law Report

The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.

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Towns can get reimbursement for opting into Maine’s recreational cannabis market

Cannabis Law Report

The state has introduced a new program to compensate Maine cities and towns for costs they incur when opting to permit recreational, adult-use cannabis businesses. The Office of Cannabis Policy last week announced the launch of an online portal Maine municipalities can use to obtain reimbursement for up to $20,000 of those costs.

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Is Federally Legal Marijuana Coming Soon?

SpeedWeed

Financial pressures, public opinion, social inequity, and public safety could lead to federal cannabis legalization sooner than many people previously expected. Total sales of legal cannabis in states where it is currently legal are projected to reach nearly $30 billion by 2025 ($13.1 billion in adult-use states by 2025.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.