Cannabis Law Report

OCTOBER 18, 2020

The Quad City Times (IL) reports Legalization of recreational marijuana is paying off for Rock Island County , which collected $39,905 in its first monthly … Read More. The post Rock Island County collects nearly ,000 in first cannabis sales tax payout first appeared on Cannabis Law Report.

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Illinois News Joint

APRIL 17, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for March 2024. March totals reached $148,872,065.12, the 2 nd highest monthly total since legalization. These figures do not include taxes collected. These figures do not include taxes collected.

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Illinois News Joint

JUNE 3, 2023

The Illinois Department of Financial and Professional Regulation announced recreational cannabis sales totals for May 2023. After recording strong monthly sales totals for March and April, Illinois recorded its third-most monthly sales total since legalization. These figures do not include taxes collected. March: $134,790,381.77

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Cannabis Law Report

JUNE 24, 2021

Connecticut has become the 19 th state to legalize recreational marijuana use by adults. Connecticut will permit individuals 21 years of age and older to possess and use recreational cannabis. Governor Ned Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-use Cannabis on June 22, 2021.

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CannaMD

JANUARY 6, 2021

When it comes to marijuana legalization, one of the opposition’s main concerns is whether legal access to cannabis will increase the number of drivers who operate a vehicle in an impaired state. This is a valid concern. Their results may assuage some of these concerns. FACTORS INFLUENCING RESULTS. INADEQUATE TESTING.

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The Blunt Truth

APRIL 20, 2021

Following closely on the heels of both New York and New Jersey enacting recreational cannabis laws, New Mexico and Virginia have enacted their own laws allowing adults to use cannabis for recreational purposes. Virginia Recreational Cannabis Law. New Mexico Recreational Cannabis Law. It is effective in late June 2021.

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Cannabis Law Report

SEPTEMBER 12, 2022

On May 25, 2022, Rhode Island Governor Daniel McKee signed “ The Rhode Island Cannabis Act ,” which grants adults aged 21 and older the right to possess and grow certain amounts of cannabis for recreational use. Retail sales are expected to begin as early as December 1, 2022.

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The Cannigma

JUNE 23, 2021

The number of employees testing positive for cannabis has soared over the past decade, especially in states with legal recreational marijuana, a recent report found. The 2021 Drug Testing Index carried out by Quest Diagnostics found that in states with legalized recreational marijuana , positivity rates for marijuana testing rose 118.2%

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SpeedWeed

MARCH 12, 2021

As recently as 2014, the vast majority of medical and recreational cannabis sold in Colorado was flower and only 11% was the high-potency concentrates consumed through dab rigs or vape pens. They don’t make cannabis products like they used to, and there’s an increasing number of Colorado lawmakers who think that’s problematic.

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CannaMD

FEBRUARY 22, 2021

2020 was yet another watershed year for cannabis legalization, with more and more states voting to legalize medical and/or recreational marijuana. Opponents of the movement, however, allege that legalization will result in increased marijuana use among teenagers. After legalization, however, this number dropped to 16.7

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Veriheal

FEBRUARY 15, 2024

Collectively, the ten dispensaries owe more than $14.4 The Los Angeles Police Department collected bongs, cannabis manufacturing equipment, and furnishings including a snow cone machine, artwork, TVs, cameras, a refrigerator, and other miscellaneous office supplies. Ten Los Angeles-based cannabis businesses were recently raided.

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Cannabis Law Report

DECEMBER 17, 2019

A petition has been filed in an effort to legalize recreational marijuana in Oklahoma. 12, would add an amendment to the Constitution, which would generally legalize, regulate and tax marijuana for people aged 21 and older under state law. Oklahoma voters in 2018 legalized medical marijuana. OKLAHOMA CITY —.

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Veriheal

SEPTEMBER 9, 2021

Rather than a ballot initiative , Connecticut, New Mexico, New York, and Virginia legalized the plant for adult-use purposes via a legislative process. They follow in the footsteps of Vermont, which became the first legislative-driven legal cannabis state back in 2018. Legal Cannabis Business Framework .

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Veriheal

AUGUST 18, 2023

The NAACP’s blueprint for a fair cannabis industry, cannabis wellness takes center stage at High Rise Dry Bar in South Carolina, and New York’s legal limbo stalls its recreational market. The organization expressed the need for legalization to include labor peace agreements as part of its statutes.

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Cannabis Law Report

JULY 7, 2022

In 2018 United Cannabis Corporation (“UCANN”) filed the first cannabis patent infringement lawsuit against Pure Hemp Collective, Incorporated (“Pure Hemp”) in the United States District Court of Colorado. [1] Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., Pure Hemp Collective, Inc., billion in 2019. [6].

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MassRoots

AUGUST 19, 2020

Arizona voters will have a chance to cast a ballot in support of recreational marijuana this coming November. However, a recent survey showed that over 62 percent of likely voters now support legalizing cannabis, suggesting a recent change of heart in the Grand Canyon State. 207 will do more than simply legalize cannabis in Arizona.

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Cannabis Law Report

DECEMBER 29, 2021

The trend is yet another example of the strength of Illinois’s recreational cannabis market , which launched in January 2020 and has consistently seen record-breaking sales in the months since. Illinois Collects Nearly $100 Million More From Marijuana Tax Revenue Than Alcohol In 2021, State Data Shows.

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MassRoots

JANUARY 4, 2019

Just fewer than two years since insisting it was a “gateway drug,” New York Governor Andrew Cuomo is singing a different tune regarding the legalization of cannabis for recreational use in The Empire State. But I, as of this date, I am unconvinced on recreational marijuana.”. There’s two sides to the argument.

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Cannabis Law Report

DECEMBER 2, 2021

Legal marijuana sales are pushing local government budgets to new highs. Taxes from legal sales are a welcome boost to government bottom lines. The Arizona Department of Revenue says the first year of recreational marijuana sales has raised more than $106 million. Now we have a better idea of how much money. million.

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Cannabis Law Report

AUGUST 18, 2021

As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Here’s a round-up of the most recent developments: New Laws.

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Cannabis Law Report

JULY 29, 2021

A recent study conducted by the National Association of Realtors said 50% of leasing professionals found it wasn’t hard to re-lease a property after tenants smoked cannabis indoors, and the organization “does not have a position on cannabis legalization.”. Legal cannabis raises home value. Key Findings. The seven states (plus D.C.)

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Cannabis Law Report

JULY 9, 2021

In a large-scale study led by the Marijuana Policy Project, the organization compiled information from all 19 states that legalized recreational marijuana, as well as Washington D.C. it is less profitable than legal cannabis, the study reveals. legal cannabis brought states an additional $7.9 More at [link].

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The Herb Collective

DECEMBER 28, 2018

And, other states allow people to use marijuana for recreational use. Here are those states: Alaska Marijuana has been legal for recreational use since February 2015 in Alaska. It is legal for adults 21 and older to have up to an ounce of marijuana and six plants. However, it was legal in Portland since November 2013.

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Canna Law Blog

MARCH 11, 2024

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Taxing medical cannabis patients the same as recreational consumers is a form of discrimination that harms their health and well-being.

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Cannabis Law Report

JUNE 5, 2021

Idaho activists have filed a new measure to legalize marijuana possession for adults that they hope to place before voters on the 2022 ballot. Meanwhile, a separate campaign to legalize medical cannabis in the state is also underway, with advocates actively collecting signatures to qualify that measure. Read full report at .

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Cannabis Law Report

AUGUST 3, 2021

After the state legalized recreational marijuana in March, the lawmakers and advocates who pushed for the law have been criticizing Gov. While most of the state still needs to wait a year or more before sales can begin, some Native American tribes are already moving ahead with legal pot in their territories.

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MMJ Recs

FEBRUARY 27, 2024

As the state continues to navigate the complexities of legalization, patients, dispensaries, and the cannabis industry are witnessing significant changes. This card serves as official documentation, granting individuals legal access to medical marijuana in the state.

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Cannabis Law Report

OCTOBER 6, 2021

At its meeting Tuesday, the Walnut Creek City Council said it wants to allow recreational cannabis sales for adults, at least as far as delivery goes, but will hold off until next year before taking up the issue of storefront sales within city limits.

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Otherside Farms

OCTOBER 13, 2019

Good news to cannabis enthusiasts as Illinois becomes a legal market for marijuana come 2020 with the passing of House Bill 1438, the state of Illinois has moved to having legal recreational, adult-use cannabis. On May 31, Illinois approved a plan that will allow the sale of legal recreational marijuana (21-and-older) on Jan.

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Illinois News Joint

JANUARY 10, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for December. topped every monthly total since legalization. These figures do not include taxes collected. The December totals of $153,936,703.20 Illinois also set a new annual-sales total at $1.63 billion in 2023.

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Cannabis Law Report

SEPTEMBER 20, 2019

Buffalo Grove has yet to allow retail sales of recreational marijuana in the village, but it now has a tax in place if it becomes a reality next year. Deputy Village Manager Christopher Stilling said Buffalo Grove could, by a conservative estimate, collect $300,000 to $400,000 a year through the tax. Source: [link].

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Illinois News Joint

FEBRUARY 8, 2024

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for January 2024. January out-of-state resident sales dropped to its lowest total since February 2020, the second month of legalization. These figures do not include taxes collected. February: $120,488,569.91

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The NM Political Report | Medical Cannabis Program

MAY 5, 2022

But the state’s Taxation and Revenue Department is also expected to issue about $15 million dollars worth of gross receipts refunds to medical cannabis companies that paid those taxes prior to the enactment of the Cannabis Regulation Act, which legalized recreational-use cannabis.

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NORML

APRIL 2, 2020

The Senators write: Over the last decade, there has been a clear shift in public opinion toward supporting the legalization of cannabis in the United States. States collected an estimated $1.3 billion in tax revenue from legal cannabis sales in 2018.

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Cannabis Law Report

AUGUST 4, 2021

With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling , it is a good time to examine the tax implications of legalization. In 2021 alone, four states (Connecticut, New Mexico, New York, and Virginia) have passed bills to legalize.

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Cannabis Law Report

MAY 16, 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. per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis. Currently, the cultivation tax rates are $10.08

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Cannabis Law Report

JULY 14, 2021

Wave of State Legalizations Drives U.S. Headset , the leading provider of data and analytics to the cannabis industry, today released quarterly updates to its long-term forecasts for the legal U.S. All forecasts are dependent on current levels of legalization and regulations, which are subject to change. cannabis industries.

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