Remove 2030 Remove Concentrates Remove Safety
article thumbnail

MPP Report: Marijuana Tax Revenue in States that Regulate Marijuana for Adult Use

Cannabis Law Report

The state’s legalization law divides cannabis tax revenue into two funds, one to support public health initiatives and the other for public safety and law enforcement training. million) | Tax rate: 9% marijuana sales tax; 4% local sales tax; for distributors, a potency tax on THC of $0.005/mg for flower, $0.008/mg for concentrates, and $0.03/mg

article thumbnail

Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

The state’s legalization law divides cannabis tax revenue into two funds, one to support public health initiatives and the other for public safety and law enforcement training. million) | Tax rate: 9% cannabis sales tax; 4% local sales tax; for distributors, a potency tax on THC of $0.005/mg for flower, $0.008/mg for concentrates, and $0.03/mg

article thumbnail

Article – “Stop Dreaming: Cannabis Banking Reform Isn’t Happening in 2020”

Cannabis Law Report

Worldwide legal marijuana sales have more than tripled between 2014 and 2018 to almost $11 billion, and most analysts on Wall Street predict that legal weed could generate anywhere from $50 billion to $200 billion a year by the time 2030 rolls around. entirely illegal, prone to abuse, and not recognized as having any medical benefits).

Banking 64