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The Week in Weed: January 20, 2023

The Blunt Truth

Fast forward to 2023, and we’re still waiting for those regs. The three jurisdictions, known collectively as the DMV, have had very different laws as regards cannabis as long as this blog has been around. Would you like to stay in a hotel that allows cannabis consumption, including smoking? Now Congress, specifically Rep.

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How Kevin Durant Ended the NBA’s Cannabis Ban

Veriheal

A new collective bargaining agreement between the NBA and the National Basketball Players Association union went into effect July 1, 2023. Now, with the 2023 policy change, the league will also no longer punish players for cannabis use. Can NBA Players Smoke Weed?

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Medicinal Cannabis Use Approved in French Polynesia

Veriheal

The people of French Polynesia can now legally use medicinal cannabis following the local assembly’s approval of a consumption law. This idyllic overseas collectivity of France is famous for its water-floating bungalow hotels, mountainous backdrops, and plunging waterfalls.

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Report: Gen Z Would Rather Smoke Cannabis Than Consume Alcohol

Veriheal

The American marijuana industry was worth about $57 billion in 2023 and is projected to reach $444 billion by 2030, a staggering growth that reflects it as the fastest-growing industry anywhere in the world. Cannabis use is increasing all around the world.

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Wyoming Cannabis Lobbyists Endeavor to Get Two Cannabis Initiatives Featured on 2024 Ballot

Veriheal

Many cannabis-centered proposals have already been debated in the Legislature, with lawmakers going as far as to discuss the idea of allowing medical cannabis consumption or decriminalization to be voted on via referendum. Rules pertaining to licensing would be hashed out by July 1, 2023.

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Tax Foundation: Coloradans to Vote on Structurally Unsound Property and Cannabis Tax Changes

Cannabis Law Report

million annually, but the fiscal analysis in the state’s Blue Book estimates a short-term impact of $37 million in this fiscal year and $87 million in FY 2023. Colorado collected $410 million in cannabis excise tax es in FY 2021 from a 15 percent wholesale tax and 15 percent retail tax. Source: [link].

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The Deduction of Cannabis Business Expenses Following New York’s 2023 Budget

Cannabis Law Report

The 2023 Budget. Last week, the New York Legislature passed the State’s 2022-2023 Budget. Query whether, at the end of the day, the principal beneficiaries of legalization will be the tax-collecting states and lower-priced illicit businesses. It is also $4 billion more than what the Governor had initially proposed.