article thumbnail

Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

last year and that could grow to $10 billion to $12 billion for states by 2030, exceeding tax revenue from alcohol, according to municipal-bond strategists at Barclays Plc. And when the federal money’s gone, municipalities will need to find new revenue to pay for ongoing programs they funded with one-time aid.

article thumbnail

Americans Will Cultivate Over 4 Billion Grams Of Homegrown Cannabis in 2022

Veriheal

Despite the federal illegality of cannabis, lawmakers and state representatives have implemented successful medical and recreational cannabis programs across the nation. As of July 2022, 38 states in America have legalized medical cannabis, and 19 states and the District of Columbia have established recreational cannabis programs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Federal policy kills buzz for advertising pot

Cannabis Chronicles

market could surge eight-fold to $80 billion in sales by 2030, according to Cowen & Co. New York state has a small medical program and is expected to approve recreational weed this year. With a growing number of states legalizing weed for recreational and medical purposes, the U.S. With a market value of roughly $1.5

Policy 154
article thumbnail

Taos News: Picuris and Pojoaque pueblos will administer independent cannabis tax programs

Cannabis Law Report

An agreement signed last month between the New Mexico Taxation and Revenue Department and Picuris Pueblo formally recognized the tribe’s authority to administer its own tax program in relation to cannabis. The state also signed a tax agreement with Pojoaque Pueblo.

article thumbnail

Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

The company anticipates launching both programs this year. GM Insights projects that the market for mHealth products will grow at a 30% compound annual growth rate from $56 billion in 2020 to more than $805 billion by 2030. Data Bridge Market Research believes that psychedelics will grow at a 13.3% compound annual growth rate from $2.8

article thumbnail

UN cannabis vote expected March 2020 as agency hints at soft stance

Cannabis Law Report

Other policies it backs include more cash for harm reduction programs, universal health care coverage for substance use disorders, addressing prison overcrowding and eliminating the stigma and discrimination associated with drug use.

article thumbnail

Can Seaweed Reduce the Scourge of Plastic Waste? Packaging Leader DS Smith Looking to Use Seaweed as Alternative Fiber Source

Cannabis Law Report

Seaweed project part of company’s $140M circular economy research, development program. The seaweed project is part of DS Smith’s more than $140 million, five-year circular economy research and development program announced earlier this year. ATLANTA–(BUSINESS WIRE)–From a pile of seaweed to a cardboard box.