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Although there is no excise tax on medical cannabis, there is a medical cannabis special privilege tax of 4% of the gross receipts or gross proceeds derived from the sale of usable cannabis to be collected by cultivation facilities, dispensaries, or other cannabis businesses and remitted to the Department of Finance and Administration.
Many states levy a marijuana excise tax in addition to the regular state sales tax. Adult-use retail sales: Purchases are not subject to any statewide cannabis tax, although some municipalities do charge a cannabis excise tax. There is no statewide retail sales tax in Alaska. Local municipalities may impose a local sales tax.
Before diving into the task force’s regulatory proposals regarding cannabinoids, it is important to frame the discussion by explaining that the key distinction between marijuana and hemp is simply that the latter is defined as cannabis plants and products with a delta-9 THC concentration of less than 0.3%.
They’re calling it the Rural Prosperity and Food Security Act of 2024 (the “Senate bill”). The Senate bill follows on the House’s proposal, called the Farm, Food and National Security Act of 2024 (the “House bill”), offered in May. That could happen in 2024, but seems more likely in 2025 when the new Congress convenes.
Ability to source marijuana genetic material from outside Colorado Senate Bill 23-271 , which went into effect in early 2024, aims to enhance Colorados marijuana industry. D9 THC on a dry weight basis; Cannabis seeds, which grow into marijuana; and Tissue cultures. Marijuana genetics: are they hemp or marijuana?
The bill also sets caps of 800 milligrams for edibles and eight grams for concentrates. Only then can Minnesota growers legally plant seeds. All in all, insiders do not expect adult-use legal sales to start until summer to fall of 2024. Currently, the Senate bill directs license applications to be available Jan.
It’s on sale all over! But not in Oregon” Andrew is correct that Oregon is one of few states to require a total THC concentration testing standard. Friend of the firm Andrew DeWeese published a recent LinkedIn post on Oregon’s outlying stance on THCA the other day, and the priorities of local industry advocates.
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