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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. The bill also places the obligation to collect and remit excise tax on cannabis retailers, rather than on distributors, beginning January 1, 2023. Andrea Golan.

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United Cannabis Corporation v. Pure Hemp Collective, Inc., Case No. 1:18-cv-01922 (D. Colo.)

Cannabis Law Report

In 2018 United Cannabis Corporation (“UCANN”) filed the first cannabis patent infringement lawsuit against Pure Hemp Collective, Incorporated (“Pure Hemp”) in the United States District Court of Colorado. [1] Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., billion in 2019. [6].

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

Cannabis Law Report

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). local sales tax on adult-use cannabis and has collected $237.5 million as of November 2021. 46,104,922.

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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”.

Hemp 40
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Canada: Ottawa has lost control of veterans’ medical cannabis program, audit finds

Cannabis Law Report

And that number is expected to grow to $200 million this year and $300 million by 2025-26. Collection of data and trends to inform policy. The result: Veterans Affairs spent more than $150 million on medical marijuana last year — more than on all other prescription drugs combined. Read full report. Executive Summary. Background.

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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

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. Allow eligible equity retailers to keep a percentage of the excise tax they collect. Strengthen labor peace requirements.

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

3) During calendar year 2025, 70,000 grams per month. (4) Finally, SB1723 provides that the tax imposed under the Cannabis Cultivation Privilege Tax Law shall not be assessed against or collected from any craft grower awarded a craft grower license under the Act until 2 years after the date that the license is awarded to the craft grower.