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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. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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Illinois Senate creates cannabis omnibus

Illinois News Joint

The first amendment adds that a “craft grower may contain up to 14,000 square feet (instead of 5,000) of canopy space on its premises for plants in the flowering state, which must be cultivated in all stages of growth in an enclosed and secure area.” Illinois has 17 such regions.

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Here Are the Cannabis Wins and Losses From Midterm Elections

Veriheal

In the United States, where cannabis is still illegal under federal law, there are currently 19 states and the District of Columbia that allow the recreational use of marijuana. This legislation also allows adults to cultivate two cannabis plants for personal use. North Dakota passed a medical marijuana program in 2016.

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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. Retain the current 15-percent excise tax rate until at least 2025, and thereafter increase the tax rate (no higher than 19 percent) as necessary to make up for cultivation-tax revenue.

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9 Key Takeaways From LA’s Newest Ordinance Amendments

Cannabis Law Report

Assuming that the Mayor signs this into law, there are several new rules for LA you should know about. New Cultivation Licenses Limited To SEIAs through January 1, 2025. Interestingly, this amendment does not address the fact that there are no more “open” cultivation licenses available in the City. Key Takeaways –.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

Some changes include: Setting the cultivation tax rate at zero beginning July 1, 2022. Setting Allocation 3 funding for youth education/intervention/ treatment, environmental restoration, and state and local law enforcement programs at a baseline of $670 million annually for three years.

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These States Could be the Next to Legalize Cannabis

Veriheal

Despite cannabis remaining against the law on a federal level, many states have been allowing the sale, cultivation, and consumption of cannabis, with more states joining all the time. With a tad of luck and the spread of knowledge about cannabis, these four states will see favorable cannabis reform laws become a reality this November.