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California Shattered Marijuana Tax Revenue Record In Latest Fiscal Year, State Reports

Cannabis Law Report

The nonpartisan Legislative Analyst’s Office said combined excise and cultivation tax revenue for the fourth quarter, which ended in June, amounted to $212 million—roughly tying the first quarter of the fiscal year for the most tax dollars raised in any single three-month period since legal sales launched. Other recent reports.

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

Cannabis Law Report

15% retail excise tax; $9.65/oz. leaves cultivation tax; $1.35/oz 15% excise tax (levied at wholesale by weight at average market rate); 15% excise tax (retail price). 10.75% excise tax (retail price). 10% excise tax (retail price). 17% excise tax (retail price). 37% excise tax (retail price).

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PureVita Labs Opens Cannabis and Hemp Analytical Testing Lab in Rhode Island

Cannabis Law Report

PureVita Labs has been built very intentionally with the most state-of-the art analytical equipment and proprietary research methodologies to provide superior benefits to cultivators, manufacturers, and consumers alike. The approach will build the integrity of the licensed market – one that relies on science and data. “In

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Akerna announces eCommerce platform, Akerna Connect, enabling cannabis dispensaries to offer online ordering, loyalty programs, and text messaging

Cannabis Law Report

Akerna Connect is an eCommerce software which provides a suite of digital marketing tools to retailers and dispensaries so locations can reach their consumers and enhance the shopping experience through online ordering, loyalty programs, and text messaging. In addition, consumers can opt-in for loyalty programs and text message alerts.

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Illinois 2022 medical cannabis sales at 2-year low

Illinois News Joint

Although August total medical cannabis sales is estimated because of an uncorrected IDPH data entry error, Illinois medical cannabis sales for 2022 should be around $353 million. December’s retail sales included $14,255,331.28 Total retail sales since November 2015 by licensed medical cannabis dispensaries is $1,638,776,607.69.

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How indoor cannabis could change the way we grow food

The Cannigma

Cannabis legalization is expanding at a rapid clip into states not usually associated with large scale marijuana cultivation. This includes Midwestern states like Michigan and Illinois that don’t benefit from year-round sunshine like California, for decades the cannabis cultivation powerhouse of the United States.

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. Delivery Data Required to be Reported in Metrc.