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Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

last year and that could grow to $10 billion to $12 billion for states by 2030, exceeding tax revenue from alcohol, according to municipal-bond strategists at Barclays Plc. And when the federal money’s gone, municipalities will need to find new revenue to pay for ongoing programs they funded with one-time aid.

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Taos News: Picuris and Pojoaque pueblos will administer independent cannabis tax programs

Cannabis Law Report

An agreement signed last month between the New Mexico Taxation and Revenue Department and Picuris Pueblo formally recognized the tribe’s authority to administer its own tax program in relation to cannabis. The state also signed a tax agreement with Pojoaque Pueblo.

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Is weed legal in Switzerland?

The Cannigma

Minors under the age of 18 can still face legal proceedings under Swiss juvenile criminal law. Under Swiss Law , the Federal Office of Public Health (FOPH) can issue special permits for the medical use of prohibited narcotics (including cannabis), if a presiding physician submits an application to the FOPH with the patient’s consent.

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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

The company anticipates launching both programs this year. GM Insights projects that the market for mHealth products will grow at a 30% compound annual growth rate from $56 billion in 2020 to more than $805 billion by 2030. Data Bridge Market Research believes that psychedelics will grow at a 13.3% compound annual growth rate from $2.8

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Cannabis Is Helping to Slow the Roll of Codeine and Other Prescription Drugs

Veriheal

billion by 2030.” Twenty-one states have passed adult-use recreational cannabis laws, and over 30 states have implemented positive cannabis reform laws resulting in successful medical cannabis programs. Allied Market Research says, “The global opioids market size was valued at $4.4 billion by 2023.”

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Can Seaweed Reduce the Scourge of Plastic Waste? Packaging Leader DS Smith Looking to Use Seaweed as Alternative Fiber Source

Cannabis Law Report

Seaweed project part of company’s $140M circular economy research, development program. The seaweed project is part of DS Smith’s more than $140 million, five-year circular economy research and development program announced earlier this year. ATLANTA–(BUSINESS WIRE)–From a pile of seaweed to a cardboard box.

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New Mexico Is About to Become the 17th US State to Legalize Adult-Use Weed

SpeedWeed

On the same day that New York Governor Andrew Cuomo signed the Empire State’s long-delayed adult-use bill into law, New Mexico lawmakers passed their own legalization package. Before it can become law, these bills must be signed by Governor Lujan Grisham, but she has already indicated that she is happy to do so.