article thumbnail

Virginia: Governor Vetoes Adult-Use Marijuana Retail, Guts Medical Access Legislation

NORML

The post Virginia: Governor Vetoes Adult-Use Marijuana Retail, Guts Medical Access Legislation appeared first on NORML. "Once again, Governor Youngkin has prioritized his personal politics over public safety, opting to keep control of Virginia's marijuana market squarely in the hands of unregulated operators."

Access 233
article thumbnail

Newly-Imposed Tax Hikes on Retail Cannabis Products Take Effect in Two States

NORML

The post Newly-Imposed Tax Hikes on Retail Cannabis Products Take Effect in Two States appeared first on NORML. As lawmakers continue to push marijuana prices artificially higher, many consumers will exit the legal market -- resulting in lower overall tax revenue and weakening the legal, regulated marketplace."

Retail 181
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Maryland: Lawmakers Approve Marijuana Tax Hike in Budget Bill

NORML

"Marylanders already pay a premium tax on retail cannabis products. Raising these taxes even higher will undoubtedly drive prices out of reach for some consumers. They will also hurt state-licensed businesses, many of which have already invested millions of dollars in up-front costs and are still struggling to break even."

Marijuana 217
article thumbnail

Changes to cannabis occupation tax rate start July 1

Illinois News Joint

The Illinois Department of Revenue today posted a notice for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted Municipal or County Cannabis Retailers Occupation Taxes. To verify new combined state and local retailers occupation tax rates (i.e.,

Retail 97
article thumbnail

Red Light, Green Light for European Cannabis: Germany Goes to the Polls; Switzerland Eyes Pole Position on Cannabis Reform

Canna Law Blog

A state-controlled retail monopoly under operated under a non-profit model. To likely address concerns about cannabis leakage into neighboring nations, Switzerlands proposal includes strict state-controlled retail operations and limits on personal cultivation. Key measures include : Limited home cultivation for adults aged 18+.

article thumbnail

TAC vs THC: Understanding the Differences

Sensi Seeds

Bought legal weed from a dispensary or other licensed retailer? If so, you might have run into the term TAC on its label. Often confused with THC or believed to be synonymous for potency, TAC (Total Active Cannabinoids) is an important unit of measure for cannabis products. Keep reading to learn why.

THC 97
article thumbnail

Understanding Cannabis Banking Challenges and How to Overcome Them

Connor & Connor PLLC

This blog post will provide a guide to help address one of cannabis retailers biggest issues: dealing with cash-heavy operations and struggling with banking services. Additionally, some cannabis retailers select to use pre-loaded card systems or ACH vending. One of the most frequently utilized solutions is cash-in-transit services.

Banking 52