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Proposed Bill AB 2506 Would Eliminate Cannabis Cultivation Tax & Raise Retail Tax

Cannabis Law Report

A proposed bill in California would suspend the state’s cannabis cultivation tax while increasing the retail excise tax in order to maintain neutrality with state revenues. Previous efforts to initiate tax relief for the legal cannabis industry have, unfortunately, failed passage in the Legislature. 20210AB2506_99.

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New York’s Adult Use Cannabis Cultivation Licenses

Canna Law Blog

Continuing our series on New York’s cannabis rules and regulations (the Rules), we’re breaking down everything you need to know about the cultivation licenses (check out our other posts in the series here and here ). What are cannabis cultivation licensees licensed to do? What are the cannabis cultivation license tiers?

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What the Extreme Drop in Wholesale Prices Means for the Cannabis Industry

MJ Business Attorneys

The severe drop in wholesale cannabis prices in many states over the past year can be traced to a few key factors: Regulatory missteps, high taxes for consumers, and competition from still-thriving illicit markets are contributing to the industry’s current woes.

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Why New York Retailers Should Not “Gift” Cannabis

Canna Law Blog

Earlier this week, New York’s Office of Cannabis Management (OCM) issued cease and desist letters to more than two dozen retailers suspected of violating the Marijuana Regulation and Taxation Act ( MRTA ) by gifting cannabis. If you follow this blog, you may be familiar with this “gift economy”.

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Cannabis Compliance Companies Join Forces To Further Safe Practices Within Industry

Cannabis Law Report

.–(BUSINESS WIRE)–Cannabis compliance consulting firms Allay Consulting , iComply Cannabis , GMP Collective and TraceTrust today announced the formation of the Cannabis Compliance Alliance , a collaborative group created to put the cannabis industry on the same footing as mainstream business sectors.

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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

AB-195 contains several significant reforms to California’s cannabis laws. The most noteworthy changes are outlined below, beginning with the much-anticipated changes to cannabis taxes. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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The Parent Company Expands California Retail Footprint

Cannabis Law Report

million people and a cannabis retailer density of approximately one store for every 194k people in the region. The 3,250 square foot dispensary is one of only ten stores in the West Hollywood area that is licensed for both delivery and storefront retail. With more than 3.6 ” Mr. . ” Mr. .

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