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California Shattered Marijuana Tax Revenue Record In Latest Fiscal Year, State Reports

Cannabis Law Report

California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Marijuana Moment reports. Fourth Quarter of 2020-21: $213 Million.

Marijuana 105
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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

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CannMed Events Unveils New Genomics Workshop for CannMed 25

Medicinal Genomics

This new workshop features the greatest collection of cannabis genomics experts and innovative cultivators ever assembled! If you are even remotely curious about how genomics can be applied to cannabis breeding and cultivation, this is the workshop you cant miss!

Events 85
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Florida Lawmakers Push To Legalize Recreational Cannabis

MassRoots

Colorado has collected over one billion dollars in taxes from marijuana sales since 2014, so imagine what bigger, sunnier Florida could do.” Adults would also be permitted to cultivate their own cannabis at home for personal use. ” What would legalization look like under HB 1117?

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Halo Collective Announces Reorganization of International Assets to Create Akanda, a Leading African Medical Cannabis Company

Cannabis Law Report

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

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Brothers (and Sisters) in Farms: The Pros and Cons of Joining a California Cannabis Cultivation Cooperative

Canna Law Blog

Our firm’s cannabis practice group represents licensed cannabis cultivators of all sizes, ranging from the small artisanal grower to the medium/large farm with a country farmhouse to the mega farm jumbo operation. California cannabis cooperatives are still going strong. But didn’t cooperatives get phased out by the new regulations?

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MPP Report: Marijuana Tax Revenue in States that Regulate Marijuana for Adult Use

Cannabis Law Report

Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $210.6 Oregon voters approved an initiative regulating marijuana for adult use in November 2014, and the state’s first adult-use stores opened in October 2016.