Remove Business Remove Collective Remove Recreational
article thumbnail

Australia Cannabis Q&A

Canna Law Blog

Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Are there any efforts to legalize recreational cannabis nationwide? Australia Cannabis Q&A A.

article thumbnail

Illinois 2024 recreational cannabis sales top $1.72B

Illinois News Joint

The Illinois Department of Financial and Professional Regulation (IDFPR) and the Pritzker Administration today announced recreational cannabis sales. Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue. The December 2024 totals of $153,249,701.54

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Clark County Sheriff’s Office says no to cannabis revenue

Cannabis Chronicles

If the Clark County Council moves forward and lifts its ban on recreational cannabis businesses in unincorporated areas, it’s expected to generate hundreds of thousands of dollars in additional revenue from taxes on the drug. million in taxes and fees were collected from cannabis businesses for fiscal year 2018, up from the $319.1

article thumbnail

NJ: Mayor Andre Sayegh vetoes Paterson ban on marijuana businesses

Cannabis Law Report

PATERSON — Mayor Andre Sayegh has vetoed the City Council’s ban on recreational marijuana businesses, saying he does not want Paterson to fall behind other municipalities in the race to cash in on legalized cannabis. “We North Jersey.com reports. He put the city in jeopardy,” said Councilman Luis Velez. Read more at [link].

Business 103
article thumbnail

Legislative Members Prepare to Review Ohio’s Recreational Cannabis Campaign

Veriheal

The proposed bill, which prompts legislators to regulate adult-use (recreational) cannabis in the same way as alcohol, must now be considered by legislative members before undergoing a ballot vote in November. Should the legislature fail to adopt the measure, an additional 132,877 signatures would need to be collected from voters.

article thumbnail

These 4 States Stand a Good Chance at Legalizing Recreational Cannabis in 2023

Veriheal

states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizing recreational cannabis this year. The law would legalize recreational cannabis for people aged 21+ and impose a 10% tax on point-of-sale purchases. Adults would also be allowed to possess 2.5 8, 2016, with the passing of House Bill 523.

article thumbnail

Can Cannabis Businesses Be Insured?

Veriheal

Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 States that have legal access to medical and recreational cannabis often work with state-regulated insurers to obtain limited property and liability coverage.