This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
According to a survey conducted by YouGov , almost 7 out of 10 cannabis consumers plan on spending the same amount, if not more, going forward in 2025. However, that statistic doesnt mean prices have been dropping in many states. This windfall shows no signs of slowing down either.
Players in the cannabis space already understand that federal tax law as currently structured extracts a far greater tax bite from marijuana businesses than corresponding companies, as cannabis companies are prohibited from deducting their business expenses from gross income. Are Sky-High Cannabis Valuations Reined in by Federal Tax Law?
medical cannabis industry, which is projected to inflate to $16 billion by 2025. in Medical Cannabis Science and Therapeutics program encourages enrollees to expand their knowledge on the following areas of the medical cannabis movement: Federal and statelaws and policies pertaining to the medical cannabis industry.
The marijuana industry has grown substantially in recent years and is projected to take in more than $25 billion annually by 2025. This revenue growth has been driven by an increasing number of states opting to legalize marijuana. 15] Thus, the purchase and sale of cannabis constitutes trafficking even when permitted by statelaw. [16]
They ranged from minor moves, such as tweaking a definition to match language in statelaw, to potentially major ones, such as limiting delivery licenses until 2025 only to businesses that meet so-called social-equity benchmarks. .” The proposed revisions were greeted with a mix of applause and confusion.
The St Louis Post Dispatch reports that amongst others “Matthew David Fry, a lawyer with the Clayton law firm helmed by high-profile defense attorney Scott Rosenblum. An attorney with a high-profile Clayton law firm. Williams and his department are in charge of regulating an industry expected to top $100 million in sales by 2025.
A statelaw passed earlier this year grants reimbursement for many municipal expenses associated with the opt-in process. Legal sales of adult-use cannabis in Maine could grow to $300 million by 2025, according to one industry consultant. To access the portal, click here. Source: [link].
Roy, who owns a marijuana pharmacy in Maryland, successfully pushed a new law through the Legislature earlier this year that changed the requirements for serving on the board so he would qualify. That law reduced the minimum requirement from five years of practice in Louisiana to two years. The term runs through 2025.
Even though 47 states have legalized cannabis for some forms of medical use , New York significantly falls behind its neighbors in terms of marijuana legislation. This guide will uncover key facts about recreational and medical marijuana use and the history of its laws in the state of New York. . billion in revenue.
According to the Associated Press, the figure represents four months of expected tax collections because the statelaw that legalized pot sales prevents cities and towns from collecting taxes on those sales until next September. Recreational marijuana tax revenue will result in $3.5 billion budget announced earlier this week.
Under California’s election laws, the Pasadena City Council only has two options tonight when it comes to taking action on an initiative that would throw a wrench into the City’s complex, voter-approved commercial cannabis ordinances. Here’s the full report. an interesting conundrum indeed.
Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana. 1 Despite what would appear to be increasingly lawful access to cannabis, it is still classified by U.S. Federal Laws Restricting Controlled Substances on Campus.
In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and statelaw with respect to proceeds from cannabis-related businesses.
The courts have consistently held that marijuana dispensaries operating in compliance with statelaw are trafficking in controlled substances and are subject to Section 280E.[11] For years that begin after 2025, the deduction will be reduced to 37.5% Planning For Outbound Operations.
The Village Farms Shares issued under the Share Purchase Agreement are subject to lock-up agreements, and subject to compliance with applicable securities laws, 33% of these shares will be released in four months, another 33% of these shares to be released after eight months and the remaining shares to be released after one year.
Hire a good marijuana lawyer who is knowledgeable about statelaws and the changing cannabis landscape. In the United States, marijuana sales were estimated at $13.6 million in 2025. Legal states have modified their rules and regulations about cannabis use and are now in the implementation phase.
billion by 2025[3]. StateHouse will have a unique ability to navigate the operating challenges in the state and capitalize on the combined potential of the businesses we are acquiring. . “The combination of high-quality assets, increased scale and experienced leadership will drive tremendous value for shareholders.
Those changes could be so significant that we end up with a different law at the end of the day. And of course, the bill may not end up becoming law. If the law passes, the state has until July 1, 2025 to implement regulations. #2 Stay tuned to the Canna Law Blog for more updates on this proposed bill.
Federal laws currently classify psilocybin as a Schedule I drug alongside addictive drugs like cocaine and fentanyl. According to statelaws, this hallucinogen belongs to the same groups as cocaine, heroin, and methamphetamine. Its use became illegal in the 1970s following President Richard Nixon’s war on drugs.
billion from 2020 to 2025 at a CAGR of 21.74%. The legal requirements for each type are different, so it’s essential to research the laws around the company you want to start. Working with an experienced cannabis attorney can help business owners anticipate future changes so they can remain compliant with local and statelaws.
PUBLISHER: CANNABIS LAW REPORT. She is currently a law school professor teaching Marijuana and the Law at California Western School of Law and researcher under a contract with NHTSA and NORC on the topic of the prosecution of drugged driving cases. billion in federal tax revenue between 2017 and 2025.
billion in 2025, according to Grandview Research. which aspects of the law are determined federally versus locally. which governmental bodies are responsible for regulating the law. The new law rolled out first with dried cannabis and low-concentration cannabis oils. how the segments are defined (e.g.,
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content