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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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San Diego: Supervisors OK Cannabis Review Policy, Changes For Existing Facilities

Cannabis Law Report

The two-year PEIR process would cover all potential uses including retail, distribution, testing, manufacturing, indoor and outdoor cultivation, and microbusinesses. ” As the county moves closer to voting on a revamped marijuana policy, Board Chairman Nathan Fletcher described Wednesday’s action as a challenge.

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Cannara Biotech Inc. Reports Strong First Quarterly Profit Driven by Retail Debut

Cannabis Law Report

MONTREAL , July 28, 2021 /CNW Telbec/ – Cannara Biotech Inc. ( “Cannara” or the “Company” ) (TSXV: LOVE ) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative products with two Quebec -based mega cultivation facilities spanning over 1.65 million sq.

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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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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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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Cresco Workers Unionize In Massachusetts

Cannabis Law Report

C annabis cultivation workers at Cresco Labs in Massachusetts have successfully negotiated their first union contract. Among the Cresco Labs union’s newly won protections are scheduling policies, employee discounts and a $1.50 With this new agreement, Cresco cultivation workers will see up to an 18.7% Filter report.