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Cannabis Is Helping Cultivate Jobs in More Than Dispensaries

Veriheal

3, 2022, 37 states, three territories and the District of Columbia allow the medical use of cannabis products. 9, 2022, 21 states, two territories and the District of Columbia have enacted measures to regulate cannabis for adult non-medical use.” Flowhub says, “Nearly $3 billion in retail cannabis taxes were collected in 2022.”

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The Week in Weed: August 19, 2022

The Blunt Truth

New Approach ND collected signatures well in excess of the number needed to put the initiative on the ballot, and the Secretary of State certified the measure. Legalization lost at the ballot box in 2018, so we’ll see how it fares in 2022. The Cannabis Control Board also approved additional cultivator and processor licenses.

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Illinois 2023 medical sales lowest start in two years

Illinois News Joint

Medical cannabis sales for 2023 started well below the 2022 and 2021 monthly totals. In January 2023, Illinois collected $27,621,022.42 and in February 2023 Illinois collected $26,652,042.97. In contrast, January and February 2022 totals reached $29,686,123.47 Monthly Totals for 2022: January: $29,686,123.47

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Ohio Cannabis Activists Get Nod to Collect Petition Signatures |

SpeedWeed

Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. If the group collects at least 132,887 valid signatures, the proposal will head to the Ohio General Assembly for consideration by the legislature.

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

The new law allows for the uncoupling for “state tax deductions” for any cannabis establishment operating in this State and licensed under the Cannabis Regulation and Tax Act or any cannabis cultivation center or medical cannabis dispensing organization operating in this State and licensed under the Compassionate Use of Medical Cannabis Program Act.

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. California Cannabis Excise Tax Capped at 15% for Three Years.

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Isle of Man to Build £100 Million Cultivation Facility

Cannabis Law Report

If all goes to plan, Peel NRE will make Isle of Man the building site for a massive medical cannabis cultivation facility. Will Isle of Man become the new cannabis cultivation center of the world? Isle of Man cultivation facility. Isle of Man to Build £100 Million Cultivation Facility.