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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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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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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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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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Montana Senate Votes to Advance Promising Cannabis Legalization Bill

SpeedWeed

Montana moved a step closer to implementing its voter-approved recreational marijuana program last week. Lawmakers in the state House passed legislation to implement the new legal pot program earlier this month. Changes In The Bill That The Montana Senate Passed.

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California Releases Guidelines for $100M Cannabis Industry – See Who Gets How Much

Cannabis Law Report

The California Department of Cannabis Control (DCC) released guidelines and application requirements last week for a $100 million local jurisdiction grant program, according to an agency press release. The program was proposed by Gov. Gavin Newsom in his 2021-2022 budget which was approved by the legislature. THE PRESS RELEASE.

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Kelley Drye & Warren: New California Cannabis-Related Bills Make it Off the Governor’s Desk

Cannabis Law Report

On October 12, 2019, California Governor Gavin Newsom announced the following cannabis-related bills were signed into law: AB 37. Allows cannabis businesses to claim state tax deductions and credits available to other legal businesses in the state for each taxable year beginning on or after January 1, 2020, and before January 1, 2025.