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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

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”). Medical cannabis is often the only effective treatment that allows them to function and improve their quality of life.

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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.

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How Does Cannabis Legalization Impact Health, Equity, and Economy in Michigan?

MMJ Recs

Legalization may offer expanded access to medical cannabis for patients suffering from various conditions, providing alternative treatment options and symptom relief. However, challenges such as regulatory compliance costs and market saturation may affect the profitability of cannabis businesses.

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Understanding Medical Marijuana Laws in the United States

MMJ Recs

It’s essential to be aware of the specific laws in your state to remain in compliance. These guidelines define who is eligible to use MMJ, what conditions qualify for treatment, and how patients can obtain medical cannabis cards. Compliance with state laws and regulations is essential to avoid legal issues.

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

Cannabis Law Report

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. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of flower, $3.00

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Tax Foundation Comments On Schumer Bill

Cannabis Law Report

Nevertheless, descheduling would have a profound effect on the marijuana businesses operating in states which have already legalized use—either medically and/or recreationally—by normalizing income tax treatment, opening access to capital, and permitting interstate commerce in cannabis.

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Oregon Cannabis: State of the State (2023)

Canna Law Blog

Sales fell (again) along with licensee numbers (for the first time) According to OLCC data , retail sales between January 1, 2023 and November 30, 2023 clocked in at $874 million. Nearly half, or 48.7%, of OLCC retail sales are “useable marijuana” (dried leaves and flower). That tally would be a 4.1% Overall, a 4.1%

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