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The Cannabis Regulation Oversight Officer (CROO) released a notice for cannabis business establishments in Illinois concerning Radio Frequency Identification (RFID) Tags from Metrc. Businesses may also purchase tags independently from Metrc at their own expense. There are two types of RFID Tags: Plant and Package Tags.
SANTA FE – A state Court of Appeals ruling that New Mexico medical marijuana producers can claim a tax deduction for prescription medication could affect prices for 80,000 or so enrolled patients statewide – and the state budget. A tax department spokesman said Friday that the agency was reviewing the ruling and weighing legal options.
When it comes to the burgeoning cannabis industry in the United States, one subject that comes up over and over is taxes. For many states, tax revenue is a motivating factor when it comes to legalizing cannabis. And cannabis users are not the only ones being taxed. And it’s easy to understand the reason why.
This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. The Wild West of Unregulated Cannabis Retailers.
Only two other states — Illinois and Vermont — have passed legislation to legalize, tax and regulate recreational marijuana through the legislature. Filed Under: Breaking News , News & Insights , Spotlight , Virginia Tagged With: Adult-use legalization , Virginia. Read More @ Politico]. . View original article.
In mid-May, Treasury Secretary Mnuchin told the Subcommittee on Financial Services and General Government of the Senate Appropriations Committee that cannabis businesses would not be eligible for Opportunity Zone (“OZ”) tax benefits. Read More › Tags:
Those who frequently use cannabis understand that it can get quite expensive. According to Kelowna Capital News , the average price of illegal cannabis is 17% higher roughly three months after legalization. Cannabis Prices Since Legalization. One reason is the regulatory framework and taxes. 17 up to $8.02
On January 11 th , the Alcohol and Gaming Commission of Ontario (AGCO) held its highly-anticipated Ontario cannabis lottery. The House Wins in the Ontario Cannabis Lottery. Basically, Ontario made a small fortune telling businesses that they now have the privilege to pay taxes and more fees. Violation of Privacy. Final Thoughts.
One video comment says it all “Not one legislative representative disagreed – it’s time to decriminalize cannabis, remove it from the Controlled Substances Act, and allow individuals their right to choose to use or not to use. Related News. The head of a cannabis industry lobbying group urged U.S. The Hearing.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.
On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.
You can now get a license to grow and sell cannabis from the State of California That doesn’t mean it’s easy, or that most people will apply. And then you see the consumption version of that, where folks would be sold a small amount of cannabis or concentrate that they could use on site. Those are not going to get you your tax break.
The year 2022 was a busy one for the California cannabis industry, with everything from tax reform to the beginning of enforcement. In this post, I’ll go back through some of the highlight’s for California’s cannabis industry last year. California overhauled its cannabistaxes.
If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. All of that said, the Cannabis Industry Association of Oregon (CIAO) and others have been working on their wish lists , and I do expect to see a few newcannabis laws in 2025. Placeholder. Placeholder.
Price point: $50/gram before tax. I recently tried Echo’s Southern Belle live budder collab with Evans Creek Farm ($50/gram before tax)—a whole-plant, fresh-frozen budder extracted from premium buds that gives top-shelf extracts a run for their money. Price point: $60/gram for ice-water hash; $70/gram for hash rosin (before tax).
Weedmaps, or now known as WM Technology on Wall Street, had a horrendous stretch of bad news and dismal financial reporting over the past few weeks. Chris Beals, a former SPAC attorney who is now the CEO of Weedmaps, explained that it is the illegal cannabis market that is just killing their financial numbers. Trouble Brewing.
Tobacco companies will likely challenge the decision in court, according to Stat News. But such a ban would affect many cannabis consumers—primarily Black smokers—who roll marijuana into flavored tobacco or cigar leaves, commonly called a blunt. Cannabis-only consumers, by contrast, show little increased cancer risk (1.2-fold).
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