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State of the States: 2020 Ballot Initiative Efforts

NORML

Activists have been working for months registering new voters, collecting signatures, and educating the public, in hopes of giving voters in their state the opportunity to make their voices heard and cast their vote for marijuana. Status : Minimum # of signatures collected. Issue : Adult use marijuana. Issue : Adult use marijuana.

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Attorneys General Push for Marijuana Banking Reform

NORML

In advancing these legislative goals, Congress is not necessarily endorsing any state or territory’s legalization of marijuana-related transactions; similarly, the enactment of the SAFE Banking Act is not a call for the legalization of medical or retail marijuana in those jurisdictions that choose not to pursue such an approach.

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Municipal and county cannabis retailers’ occupation tax rate to change Jan. 1

Illinois News Joint

The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. 1, 2025, the corrected tax rate is collect and paid. Effective Jan.

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New Jersey: Adult-use legalization is closer than ever

NORML

After months of negotiation, Governor Murphy and NJ state legislators have reached a deal on what will be included in upcoming legislation to legalize the adult-use and retail sale of marijuana in the state of New Jersey.

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Cannara Biotech Inc. Reports Strong First Quarterly Profit Driven by Retail Debut

Cannabis Law Report

“With impressive revenue generation in our first full quarter of sales in retail market, the closing of our additional $5 million private placement and headline acquisition of our latest one million square foot facility in Valleyfield , we are now positioned among the country’s leading cannabis producers.” Related Links.

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The Tax Foundation: States Projected to Post Higher Marijuana Revenues in 2021

Cannabis Law Report

In total, states with licensed markets collected $1.7 State Marijuana Tax Collections Continue to Grow. Collections in States with Operational Markets in FY 2020 and FY 2021. 15% retail excise tax; $9.65/oz. 15% excise tax (levied at wholesale by weight at average market rate); 15% excise tax (retail price).

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Cannabis occupation tax rate changes July 1

Illinois News Joint

The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. To verify combined state and local retailers’ occupation tax rates (i.e.,

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