Remove 2025 Remove Legalization Remove State Laws
article thumbnail

How Inflation is Affecting Cannabis: Prices, Closures, and the Job Market

Veriheal

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. Since cultivators grow cannabis domestically in the U.S.,

article thumbnail

UMB Welcomes its First Wave of Medical Cannabis Program Graduates

Veriheal

Stretching over two years, the program demonstrates growing acceptance for the cannabis plant, which is currently legal in 36 U.S. states for medical purposes. medical cannabis industry, which is projected to inflate to $16 billion by 2025. Basic science (including chemistry, medical cannabis delivery systems, and pharmacology).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

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. 801–971 (1970), (“Controlled Substances Act” or “CSA”), raising the specter of section 280E.

Business 105
article thumbnail

Are Sky-High Cannabis Valuations Reined in by Federal Tax Law?

Cannabis Law Report

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. Of course, with U.S. cannabis sales expected to grow by nearly 2.5x

Law 52
article thumbnail

Chicago to Garner $3.5 Million in Taxes Next Year From Legal Marijuana

The Joint Blog

million in new taxes next year in Chicago despite sales only being legal for four months, based on Mayor Lori Lightfoot’s proposed $11.65 However, the modest outlook from lawmakers doesn’t mean that recreational pot legalization will ultimately be a buzzkill. Recreational marijuana tax revenue will result in $3.5

article thumbnail

Council Faces Initiative Which Could Legalize Illegal Marijuana Dispensaries, Conflicts with Current Ordinances

Cannabis Law Report

The measure would allow at least 18 more cannabis retailers to operate in Pasadena legally, and at locations other than those approved by the voters when Measure CC was passed. Shops would be regulated only by a State law, which is a 600-foot radius of a K-12, a day care center, or youth center.

article thumbnail

Los Angeles Officials Look to Give Boost to Marijuana Market Which is Currently Ailing

The Joint Blog

According to a new report by the Associated Press, a Los Angeles City Council committee on Tuesday approved a series of changes to reset the city’s troubled legal marijuana market. This includes bolstering programs intended to help operators who suffered during the nation’s long-running war on drugs.