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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. Here’s what they say.

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Decibel Announces Launch of Premium Brand “Pressed by Qwest” and New Flower, Vape, and Concentrate Products

Cannabis Law Report

(the “Company” or “Decibel”) (TSX-V: DB) (OTCQB: DBCCF ), a premium cannabis producer, is pleased to announce the launch of its high-end concentrate brand, “ Pressed by Qwest “, and new dried flower, pre-roll, vape, and concentrate products. New Vape and Concentrate Products.

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Federal Hemp CBD Policy Is Taking Shape: How Will Products Be Tested and Labeled?

Canna Law Blog

Last week, the Food and Drug Administration (FDA) submitted a CBD enforcement policy to the White House. In my last post, I summarized the FDA’s current enforcement policy and briefly discussed the FDA’s recently released guidance for drug manufacturers interested in cannabinoid research. appeared first on Harris Bricken.

Policy 61
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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

The LCB is also tasked with administering and collecting excise taxes concerning the retail sale of cannabis concentrates, useable cannabis, and cannabis-infused products within the state. It also goes against the principle of harm reduction, which is one basis of medical cannabis legalization policy.

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The Tax Foundation: States Projected to Post Higher Marijuana Revenues in 2021

Cannabis Law Report

While it is still a relatively new market (Colorado was the first state to legalize cannabis in 2012), excise tax revenue figures to date can help lawmakers get a sense of the revenue potential at different rates and contribute to the development of sound marijuana tax policy. In total, states with licensed markets collected $1.7

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Clarifying NY State Decriminalization and Marijuana Possession Related Penalties

NORML

Penal Law 220 relates to “controlled substances” offenses which include possession of “concentrated cannabis” which is defined as being more than 2 1/2% by volume of the total volume of cannabis seized. PL 220 then imposes escalating grades of punishment depending on the weight of concentrated cannabis.

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International Cannabis Brand Cookies Debuts New SKUs in Washington State Through Partnership with Edgemont Group

Cannabis Law Report

Cookies Top-Shelf Genetics Featured in New Lines of Concentrates and Cartridges Now Exclusively Available at Cookies Tacoma, Statewide to Follow. Washington cannabis consumers now have access to a full line of concentrates and cartridges featuring Cookies’ sought-after genetics such as Berry Pie, Pomello and Sweet Tea. TACOMA, Wash.–(BUSINESS