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Illinois officials recently released the Annual Cannabis Report for Fiscal Year 2024. The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year. The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments.
The 20-page report included a summary, 2023 accomplishments, goals for fiscal year 2024, and several charts and statistics. Another unreached “Essential Projects” goal from last year’s report included the implementation of “a new ‘Seed to Sale’ program that has been modernized to better serve the people of Illinois.”
Alabama legalized medical a medical cannabis program on May 17, 2021 when Governor Ivey signed SB 46 into law. Although medical cannabis program was signed into law last year, it has yet to be fully implemented. While cannabis legalization moves full steam ahead through much of the Northeast, the southeastern U.S.
Early success with medical cannabis has contributed to the market’s rising popularity among local German people, with up-to-date figures showing that at least 128,000 people have registered to receive cannabis-based medicines every single year under the patient program. What’s more, analysts foresee the market inflating to €7.7
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.
Thus, all the provisions on licensing, production, distribution, sales, and regulation, to name a few, did not pass into law. In addition, it creates five types of licenses that will govern cultivation, manufacturing, testing, wholesale and retail sale. In this article, we explain the elements of the bill relating to licensure.
Cannabis Jobs in 2022- From Seed to Sale. Arizona – Adult-use sales began at the start of 2021. In 2024, a vote on adult-use cannabis may propel the market to greater heights. Here is our cannabis employment report 2022. State of Cannabis Employment – 2022 Update. cannabis industry. Florida – 25,895. Arizona – 23,333.
Experts predict adult-use cannabis to come online by 2024, but regulators have not yet determined tourism policies. According to a BDSA report from this month, international sales will exceed ~$10 billion in 2026. The bulk of that new legal spending will be driven by Germany (contributing ~$3 billion by 2026).
A lack of federal regulation allowed for largely unregulated sales of intoxicating, artificially derived cannabinoids online and even to minors. In response, Oregon’s marijuana regulatory agency, the OLCC, promulgated administrative rules to ban the sale of most artificially-derived cannabinoids in Oregon. [2].
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.
Czechia previously sought to ban HHC products in 2024. This creates a legal loophole for low-THC hemp programs. Retail sales will begin in specialized stores by mid-2025. As more quasi-legal programs emerge across Europe, pressure may build on the EU to adjust its laws, allowing for fully regulated commercial cannabis sales.
As of Monday, July 1, 2024, all hemp retailers or wholesalers who store, transfer or sell industrial hemp or hemp items for resale to another person must have a hemp vendor license from the Oregon Department of Agriculture (ODA). The new rules arise from House Bill 4121 , which Governor Tina Kotek signed into law on March 20, 2024.
The report confirms the conclusions in my State of the State post from December 19, 2024, where I highlighted a static number of OLCC licensees, a static enforcement environment (inside and outside the OLCC system), and Oregons largest fall harvest, ever. But this would not allow interstate sales. There is not enough weed in Oregon.
The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.
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