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Illinois State Treasurer issues RFP for cannabis tax banking services

Illinois News Joint

According to the RFP, the Treasurer seeks a successful Respondent (Contractor) to provide efficient and cost-effective banking services for the cash payments of taxes collected by the State of Illinois Department of Revenue (IDOR) for recreational adult use cannabis and medical cannabis permitted under Illinois law. June 4, 2025.

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RYAH Group Ships Devices for Use in Pilot Program with Medicann in Jersey, Channel Islands

Cannabis Law Report

Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., billion) by 2025. to reach 3.2 billion euros ($3.75

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

Another provision requires the Illinois Department of Agriculture to issue an additional 30 craft grower licenses on or before May 1, 2023 and an additional 30 craft grower licenses on or before September 1, 2024 under specified conditions. 3) During calendar year 2025, 70,000 grams per month. (4)

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Global Industrial Hemp Market Size to Grow Value of USD 9.64 Billion By 2025: Zion Market Research

Cannabis Law Report

Zion Market Research has published a new report titled “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.

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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

Any cultivation tax collected on cannabis that enters the commercial market on or after July 1, 2022, must be returned to the cultivator that initially paid the cultivation tax or, if unable to be returned to the cultivator, must be paid to CDTFA as excess tax. AB-195 also caps the cannabis excise tax at 15% for three fiscal years.

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Khiron Opens First clinic in Europe with Zerenia™ Clinics UK

Cannabis Law Report

This collectively brings the Company’s total clinic count to 15 globally. Even though Germany will continue to dominate the European market for medical cannabis until at least 2024, industry consultants Prohibition Partners expect the UK medical cannabis market to show the most significant growth of any country in Europe by 2025.

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Legalization of Cannabis 

Cannabis Law Report

Marijuana sales in Colorado and Washington have been higher than projected in recent years, resulting in increased tax collections. billion in federal tax revenue by 2025. These unfavourable findings vastly outnumber known benefits for a small number of medical conditions for which effective and safe alternatives are readily available.