article thumbnail

Senator Krueger To Use Conference To Outline NY “Nation Leading” Cannabis Approach Says Press Release

Cannabis Law Report

Krueger will be joined by 300+ of the most influential leaders in policy, business, law and finance for a day-long program of keynote talks, panels and networking to develop a workable roadmap for the future of this brand new industry in New York. billion by 2025. billion by 2025. billion in 2022, rising to USD$3.9

Safety 105
article thumbnail

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

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. Protect programs funded by cannabis taxes by allocating $150 million General Fund to backfill potential lost revenue.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Towns can get reimbursement for opting into Maine’s recreational cannabis market

Cannabis Law Report

The state has introduced a new program to compensate Maine cities and towns for costs they incur when opting to permit recreational, adult-use cannabis businesses. The reimbursement program is intended to incentivize Maine municipalities to participate in the regulated adult-use market in an effective way, said OCP Director Erik Gundersen.

article thumbnail

The Structure of the Global Cannabis Economy By Robert Hoban

Cannabis Law Report

By many estimates, the global cannabis economy is expected to exceed $95B by 2025. If a government chooses this lane, they have a responsibility to ensure safety, quality, and consistency. Roughly half of that value is attributed to the United States. Keep in mind, that’s in the face of federal illegality.

article thumbnail

Montana Senate Votes to Advance Promising Cannabis Legalization Bill

SpeedWeed

Montana moved a step closer to implementing its voter-approved recreational marijuana program last week. Lawmakers in the state House passed legislation to implement the new legal pot program earlier this month. Changes In The Bill That The Montana Senate Passed.

article thumbnail

California Releases Guidelines for $100M Cannabis Industry – See Who Gets How Much

Cannabis Law Report

The California Department of Cannabis Control (DCC) released guidelines and application requirements last week for a $100 million local jurisdiction grant program, according to an agency press release. The program was proposed by Gov. Department of Cannabis Control Announces $100 Million Local Jurisdiction Assistance Grant Program.

article thumbnail

9 Key Takeaways From LA’s Newest Ordinance Amendments

Cannabis Law Report

New Cultivation Licenses Limited To SEIAs through January 1, 2025. Namely, this new section of the Ordinance aims to bolster the Social Equity Program by limiting all future cultivation licenses in the City to Social Equity Individual Applicants (“SEIA”). Key Takeaways –.