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The Illinois Department of Financial and Professional Regulation (IDFPR) and the Pritzker Administration today announced recreational cannabis sales. The December 2024 totals of $153,249,701.54 Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue.
The Decline of Medical Marijuana in Massachusetts: What It Means for Patients In recent years, Massachusetts, once a pioneer in cannabis reform, has seen its medical marijuana program gradually overshadowed by the booming recreational market. By early 2024, this number had plummeted to below 56,000.
From early failed attempts at approving medical marijuana to the historic 2020 vote that saw both medical and recreational cannabis on the ballot simultaneously, it has been a challenging battle for cannabis advocates in South Dakota. The MPP is the number one organization in the U.S. dedicated to legalizing cannabis.
He added the UK’s drug policy is “hopelessly out of date,” as it’s still governed by the infamous 1971 Misuse of Drugs Act. 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.”. Dr Poulter wrote: “The law views cannabis as a “street drug”.
Results 2024: Florida, Dakotas, and Nebraska Ballot Outcomes In the 2024 elections, marijuana legalization initiatives took center stage in several states across the U.S., with voters making significant choices on both recreational and medical marijuana policies. appeared first on PrestoDoctor.
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.
Trulieve gathered petition signatures to put recreational cannabis on Florida’s 2024 ballot, Germany released a legalization bill draft, and a bipartisan push aims to fix the Department of Defense’s hiring problem. Florida Takes Important First Step in Fight for Recreational Use—So, What Now? Florida Rep.
federal law, but 24 states and the District of Columbia have legalized the drug for recreational purposes, according to the National Organization for the Reform of Marijuana Laws (NORML), an advocacy group that tracks state-level legislation on the issue. The use and possession of marijuana is illegal under U.S. 38 states and. Read More
states and the District of Columbia currently have legal cannabis, medical or recreational. Despite this massive shift in cannabis policy, however, a few states are still dragging their feet on cannabis legalization. It prohibits cannabis possession, use, purchase, sale, or cultivation, whether for recreation or medical purposes.
Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. On June 22, 2021, Connecticut legalized recreational marijuana use by adults 21 years and older. On April 12, 2021, New Mexico saw the legalization of recreational marijuana.
The newest decriminalization bill introduced in January 2024 , meanwhile, seems to have the support to pass. Despite Success — Thailand Never Wanted Canna-Tourism Thailand’s decriminalization of cannabis was never meant to legalize recreational use — let alone kick start a frenzy of cannabis tourism.
The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.
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.
The growing number of states celebrating a victory for recreational cannabis indicates how governors and lawmakers are steering legalization in the right direction; as opposed to states merely relying on citizens to vote for legal cannabis. . At some point next year, New York will kick-start its recreational cannabis market.
The law is set to take effect in June 2024 , marking a major shift in Ukraine’s healthcare policy. This move by Prime Minister Smyhal and the parliament is not just a policy change but a step towards healing a nation deeply affected by the ongoing conflict. Prime Minister Denys Smyhal was instrumental in this process.
In the United States, where cannabis is still illegal under federal law, there are currently 19 states and the District of Columbia that allow the recreational use of marijuana. Of the MMJ states, Arkansas, Maryland, Missouri, South Dakota, and North Dakota had recreational cannabis on their ballots this November. . Starting Jan.
Residents often vote for progressive policies and support movements like gay marriage or federal cannabis legalization, and the recent news coming out of the state demonstrates this further. Their combined medicinal and recreational sales for 2023 hit nearly $2 billion, with about $226 million of that attributed to medicinal marijuana.
In 1996, they were the first state to legalize medical marijuana, followed by the legalization of recreational cannabis in 2016. Understanding The New Laws After more than 25 years of legal cannabis in California, employees who use cannabis for recreational or medicinal purposes will no longer have to stress about drug testing.
Colorado, along with the state of Washington that same year, was the first state to legalize recreational marijuana in 2012. However, the city of Colorado Springs has opted out of the sale of recreational marijuana despite how cannabis-progressive the rest of the state around them has been for years.
While weed isn’t legal for medicinal or recreational purposes in Kentucky in 2024, it’s likely some still partake in the celebration, traveling to nearby dispensaries and attending local events to light up. 4/20, a holiday about all things cannabis and marijuana, is on Saturday. Thunder Over Louisville and the 150th.
The Company has three fully licensed and operational facilities and is currently distributing cannabis through medical and recreational sales channels. GTEC’s premium quality recreational cannabis brands includes; BLK MKT , Tenzo , Cogn?scente Trading will commence on July 12, 2021. GTEC Cannabis Co. 1-800-351-6358. contact@gtec.co.
Seyfarth Synopsis : Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. On June 22, 2021, Connecticut legalized recreational marijuana use by adults 21 years and older. Now is no different. Jennifer Mora. Connecticut. New Mexico.
If approved, the bill would take effect on January 1, 2024. In 2016, California voters approved Proposition 64 to legalize recreational marijuana. That proposition purported to keep intact the rights of public and private employers to enforce workplace anti-drug policies. Source: [link].
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.
Effective March 4, 2024, all medical-card-related fees in Ohio will be drastically reduced to just one penny. This change only stands to benefit medical patients and will help incentivize Ohioans to get their medical cards despite upcoming adult-use (recreational) cannabis legalization. Fortunately, this is about to change.
The rankings look at a variety of factors including Cannabidiol (CBD), medical and recreational cannabis, non-profit cannabis entities, commercial cannabis licenses, cannabis regulatory agencies, developments and trends, and business opportunities. Barry Weisz. Adults may possess two ounces of marijuana and grow up to six plants.
Maryland state lawmakers announced last week that the legislature will turn to the voters on the issue of cannabis policy reform by placing a marijuana legalization measure on the statewide ballot next year. Eighteen states and the District of Columbia have already legalized recreational cannabis,” Ferguson said Friday.
Plaintiff was told his termination was because he failed to disclose an improper relationship between two other Amazon employees — a violation of Amazon’s employee policy. We’ll see ya at the polls in 2024. Instead, Plaintiff alleges he became the subject of an Amazon investigation and was eventually terminated.
recreational) state, with a Jan. 1, 2024 launch date for its first-ever retail sales. ” These adult-use provisions were slashed through the silence of Virginia’s 2022-2024 budget bill. On April 7, 2021, Virginians rejoiced as Gov. Northam (D) signed the Cannabis Control Act (CCA) into law.
The Maryland Hemp Coalition, hemp farmers, and other hemp-related businesses have filed a suit, challenging Maryland’s new recreational cannabis licensing policy, which they say favors only a special handful of businesses. 1, 2024, or later. The plaintiffs in the lawsuit are Gov.
By 2024, the medicinal cannabis market within the United Kingdom is predicted to be worth nearly US$1.3 Neither the Canadian Securities Exchange (“CSE”) nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. in real terms to £4.97
Enough signatures were submitted by Colorado advocates to get Initiative 25 onto the ballot this November, which, if passed, would increase recreational cannabis tax percentages and fund “out-of-school learning opportunities” for children and youth. If approved, it would further increase the tax to five percent by 2024.
Just days after New Mexico passed its legalization law, Virginia became the first Southern state to legalize recreational pot. The original version of this bill would not have taken effect until January 1st, 2024, but Governor Ralph Northam refused to sign it unless lawmakers amended the date.
An RCG Economics and Marijuana Policy Group study on Nevada says that legalizing recreational marijuana in the state could support over 41,000 jobs till 2024 and generate over $1.7 As new states step up their licensing practices, they’ll have to decide which path to take. billion in labor income.
This policy change legally allows Thailand’s cannabis industry to form. Thailand’s cannabis industry is forecast to reach a valuation of USD$661 million (21 billion Thai baht) by the year 2024. The ruling meant that cannabis was erased from the category 5 narcotics list.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. The legislation outlines three separate rounds of licensing, with the first round scheduled for the fall of 2023 and the second round in 2024.
Every city, town, and municipality in the country has its own unique set of policies. Understanding the policy ecosystem is critical to how you will conduct operations, apply for a license, and of course, where you open your business. . economy by 2024. Take California for example. View original article.
For more information, check out this bulletin on marijuana tax policy in Connecticut. Adult use retail: New Jersey’s recreational program is expected to come online later this year. Adult use retail: Recreational marijuana sales will be subject to a 14% cannabis excise tax, and Vermont’s 6% statewide sales tax.
In addition, Bhang is evaluating distribution opportunities in Asia where Prohibition Partners estimates the medicinal and recreational cannabis markets could be worth over $8.5 billion by 2024. About Bhang. Securities Act and applicable state securities laws or an exemption from such registration is available. . Chairman & CEO.
If adopted, these proposals would dramatically reshape Oregon’s hemp industry and implicate the entire national market, and create new classes of crimes and increased penal sanctions for illegal marijuana production in Oregon that may mark a larger national reversion to war-on-drugs policies and mentalities. 4th 682 (May 19, 2022). [2]
US$345 million of senior unsecured convertible debentures due February 2024. Providing customers with innovative, high-quality cannabis and hemp products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. Q1 2020 (4).
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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