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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

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.

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UCANN Drops Patent Lawsuit Against Pure Hemp Collective

SpeedWeed

“The Hemp Grower Conference will bring together industry pioneers, successful businesses, leading researchers and regulators to help all hemp growers navigate the cultivation, business and regulatory challenges they face, as well as understand the coming market trends and opportunities that can help shape the future of their businesses.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. of the population enrolled.

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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. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.

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Resource Innovation Institute Releases First-of-its-Kind Handbook for Utilities and Efficiency Program Implementers Serving Cannabis Cultivators

SpeedWeed

Cuomo’s administration projects that legalization could generate 30,000 to 60,000 jobs across New York and that tax collection from the program could reach $350 million annually, the release states. ” Lawmakers could vote on the legislation as early as Tuesday. View original article.

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The Status of Cannabis Legalization in the South

Cannabis Law Report

Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law. The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses.

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Cannabis laws in South Carolina

The Cannigma

Back when the US was still a collection of colonies under British rule, South Carolina had a booming industrial hemp industry. South Carolina medical marijuana program. The state does not have a medical program. The most recent medical marijuana bill , introduced in 2021, would have created a program, albeit a restrictive one.

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