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The Status of Cannabis Legalization in the South

Cannabis Law Report

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.

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Cannabis Retailers Can Automate Age Verification and Watch List Checks with Veridocs BrightTower Retail System

SpeedWeed

In total, actual recreational marijuana sales are happening in 11 states. The Virginia legislature now has passed a bill that would legalize sales starting in 2024; legislators are currently working with Gov. New York , the most recent addition, is the first state to implement a potency-based tax by milligrams of THC.

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4 Ways to Prepare for the Cannabis Licensing Process

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The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Jushi Holdings Brings Colin Hanks’ Hanks Kerchiefs’ Line to Select BEYOND / HELLO Retail Stores

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The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Out-of-State Operator Drops Lawsuit that Challenged Illinois’ Cannabis Licensing Process

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The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Cannabis Training University Publishes U.S. Cannabis Employment Report 2022

Cannabis Law Report

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.

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Marijuana tax rates: a state-by-state guide

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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.