Cannabis Law Report

JULY 23, 2021

According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 billion and projected to be worth $41 billion by 2025. The legislation also doubles the amount of THC concentration allowed, from 0.5% Marcus Ruark, President of goodblends in Texas.

Tincture 105

Tincture Patients Sleep Retail 105

SpeedWeed

AUGUST 5, 2021

A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.

Hemp 52

Hemp Legalization Data THC 52

Corante

FEBRUARY 25, 2020

The research claims that the market is growing rapidly and will be worth more than one-billion pounds by the year 2025. The results of the study revealed a large variety of products claiming certain percentages of CBD concentration were wildly misleading. Some products contained 50% less than their advertised concentration of CBD.

CBD 40

CBD Business Research and Development Concentrates 40

Cannabis Law Report

JANUARY 9, 2022

million) | Tax rate: 9% cannabis sales tax; 4% local sales tax; for distributors, a potency tax on THC of $0.005/mg for flower, $0.008/mg for concentrates, and $0.03/mg 7 Monthly excise tax data: [link] (for data prior to 2017); Monthly sales tax data and excise tax estimates based on sales volume provided here: [link].

Collective 52

Collective Policy Retail Programs 52

Cannabis Law Report

JUNE 7, 2021

Data for tax revenue from wholesale taxes has not yet been made available. million) | Tax rate: 9% marijuana sales tax; 4% local sales tax; for distributors, a potency tax on THC of $0.005/mg for flower, $0.008/mg for concentrates, and $0.03/mg Maine (pop. New York (pop. mg for edibles. On March 31, 2021, Gov. 1 [link].

Marijuana 91

Marijuana Retail Collective Programs 91

Cannabis Law Report

OCTOBER 17, 2019

Food and beverage makers are gearing up to sell CBD-containing products, when allowed by regulators, including Lagunitas Brewing, which has developed a cannabis-infused IPA and a THC-based sparkling water, and Ben & Jerry’s, which plans to offer a CBD-infused ice cream. billion in 2025, according to Grandview Research.

Law 40

Law Seed-To-Sale Hemp Recreational 40