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Oregon Cannabis: How Many Retailers Will Close Due to Gov. Kotek’s New Tax Compliance Missive?

Canna Law Blog

As reported by Sophie Peel of the Willamette Week, on May 16, Governor Kotek issued a directive to the OLCC to make state tax compliance a requirement for the agency to issue or renew cannabis retail licenses. This tax policy may have a huge impact on the Oregon marijuana industry and the changes are coming fast ! We don’t know.

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Attorneys General Push for Marijuana Banking Reform

NORML

In advancing these legislative goals, Congress is not necessarily endorsing any state or territory’s legalization of marijuana-related transactions; similarly, the enactment of the SAFE Banking Act is not a call for the legalization of medical or retail marijuana in those jurisdictions that choose not to pursue such an approach.

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

Cannabis Law Report

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. The following table shows the states that levy excise taxes on marijuana. In total, states with licensed markets collected $1.7

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MJ Biz : Oakland sends social equity marijuana licensees to collections over unpaid loans

Cannabis Law Report

for example today we’ll be reporting in our press release section the umpteenth announcement by High Tide this month that they purchased/opened yet another retail store somewhere in the country. MJ Biz report. About half those are “only one or two payments behind,” the report states.

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State of the States: 2020 Ballot Initiative Efforts

NORML

Unfortunately for marijuana reform, what began with at least a dozen states optimistically working to qualify state level ballot initiatives in advance of the November 2020 election, has slowly dwindled to a number that can be counted on one hand. Issue : Adult use marijuana. Issue : Medical marijuana. New Jersey. Mississippi.

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New Jersey: Adult-use legalization is closer than ever

NORML

After months of negotiation, Governor Murphy and NJ state legislators have reached a deal on what will be included in upcoming legislation to legalize the adult-use and retail sale of marijuana in the state of New Jersey. New Jersey ranks second in the nation in per capita annual marijuana arrests.