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Bloomberg Article: Federal Taxation of Cannabis Under Proposed Legislation

Cannabis Law Report

senators released a discussion draft of legislation that would remove cannabis from the schedule of controlled substances under federal law and provide for federal taxation of cannabis products. Greg Kaufman of Eversheds Sutherland outlines the key provisions and urges lawmakers to consider data collected at the state level to get it right.

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NY: Indigenous Tribes Taking Lead On State’s Cannabis Legalization Says Article

Cannabis Law Report

Andrew Cuomo for dragging his feet on setting up marijuana sales and cultivation regulations. But the most simple way to understand it is that sovereign tribes are free to legalize – or ban – marijuana within their territories, including its cultivation and sale, independent of the state. Read the full article at [link].

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California Shattered Marijuana Tax Revenue Record In Latest Fiscal Year, State Reports

Cannabis Law Report

California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. Read full article at [link]. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Marijuana Moment reports. Cannabis Tax Revenue Update.

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Alabama Medical Cannabis Commission Hires Director, Unveils Plans to Begin Cultivation Next Year

SpeedWeed

California’s Legislative Analyst’s Office recently estimated that adult-use cannabis businesses operate in less than one-third of jurisdictions statewide. Earlier this year, Newsom approved legislation to simplify California’s regulatory scheme by consolidating regulatory authorities. View original article. As of Sept.

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Mondaq Article: South Africa: Cannabis: balancing Competing Interests

Cannabis Law Report

Article by Vasco De Oliveira. The traditional medicines trade is huge and growing, generating billions of rands per annum in South Africa in various sectors, and therein lies the exploitation of loopholes in the legislative framework governing cannabis. Vasco de Oliveira Inc.

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Article: A Comprehensive Cannabis Program for New York State: The Second Act

Cannabis Law Report

In the 2019 New York State legislative session, which runs from January through June of each year, comprehensive cannabis legislation failed to garner enough support to pass as part of the budget or as standalone legislation. The legislation calls for the creation of the Office of Cannabis Management (the OCM).

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Illinois Legislation Demands Sustainability From Indoor Cannabis Growers

Cannabis Law Report

“It definitely puts Illinois at or near the top in terms of state policies for energy and environmental performance for cultivation facilities,” he said. They also have to collect and filter wastewater so that it could be used to water their plants in the future. Full article: [link].