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New Mexico and Virginia Legalize Cannabis for Recreational Use

The Blunt Truth

Following closely on the heels of both New York and New Jersey enacting recreational cannabis laws, New Mexico and Virginia have enacted their own laws allowing adults to use cannabis for recreational purposes. Virginia Recreational Cannabis Law. Retail sales will not begin until January 1, 2024.

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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Taxing medical cannabis patients the same as recreational consumers is a form of discrimination that harms their health and well-being.

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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis. Despite the tax cut, a recent analysis found that removing the cultivation tax would actually increase overall tax revenue from cannabis sales by 123 percent by 2024 due to an expected increase in sales.

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Cannabis in Mexico: Focus on Hemp

Canna Law Blog

Apart from limited Oaxacan efforts to decriminalize individual recreational consumption and grant a few medical growing licenses, and earlier Supreme Court decisions declaring prohibition unconstitutional, we have not heard about any legislative efforts to regulate a market that is poised to grow globally. Neither have we.

Hemp 86
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UK: Will The Cannabis Industry Be Allowed To Blossom? – Questions To Lawyers And Financial Professionals From Around The World

Cannabis Law Report

Moreover, if the UK were to legalise cannabis – with recreational sales starting in 2024 – this would bring the market’s size to more than £1 billion in the UK alone. In the past year alone states as far apart New Jersey, Montana, South Dakota, New York and New Mexico have legalised cannabis for recreational use.

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Another Tory Says Let’s Get A Move On With Cannabis – UK’s drug policy is “hopelessly out of date,”

Cannabis Law Report

Also, while the country’s market is about to reach £1 billion in value by 2024, “with the right regulatory framework, it could be greater.”. Lord Hague has acknowledged that public attitudes have changed, meaning that “recreational drug use is no longer unmentionable.” Source: [link].

Policy 105
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Marijuana Legalization Rundown: New Legislation Across Several States

Cannabis Law Report

As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Connecticut.