Budget outlines. Drafted tax proposals. It’s almost a sure bet that New York is going to legalize adult-use recreational cannabis. Governor Andrew Cuomo pledged to legalize recreational marijuana in 2020, and it appears he’s going to work to do just that. The only glitch? After royally screwing up the state’s medical marijuana program, medical marijuana […]
California generated $635 million in cannabis tax revenue in 2019, thanks to Proposition 64. Passed in 2016, Prop 64, also known as the Control, Regulate and Tax Adult Use of Marijuana Act, legalized the use of marijuana for those over the age of 21, created laws, and assessed taxes to regulate the cultivation, distribution, sale, […]
For both cannabis consumers and companies, chalk it up to a lesson learned. The vaping crisis officially kicked off on August 23, 2019, when Illinois reported the first vape-related death. After a rash of hospitalizations and deaths attributed to vaping, the FDA launched a criminal investigation in September. Now it’s high time for the marijuana […]
One thing you never hear is, “I can’t wait to pay my taxes.” For those in the cannabis industry, it seems like you’re taxed to the hilt. Yet here we are, on the cusp of another tax season. The feds still consider cannabis illicit, but they are happy to take taxes from the industry — […]
Let’s face it – Alaska is a vast state (larger than Texas, California and Montana combined), and despite the relatively sparse, far-flung population, they do things big. The state is home to robust oil, timber, mining and fishing industries, but that isn’t all: they can also claim substantial tax revenues from legal cannabis sales. And […]
Even when you’re trying to play by the rules, you might have to break them. In the world of legalized cannabis, where states gingerly follow the rules that, in reality, are illegal federally, it’s a chicken-and-egg situation. How do businesses get marijuana seeds or clones necessary to generate product? Do cannabis cultivators have a magic […]
Underage weed-seekers, take note: licensed marijuana retailers are vigilant when it comes to laws prohibiting the sale of cannabis to minors. Regulatory officials, take note: the system appears to be working. A recent study, published in the Journal of Studies on Alcohol and Drugs, went like this: researchers working undercover went into 175 marijuana retailers […]
You might think that with legalization, in California, the “world’s largest marijuana marketplace” would be booming. Nope. Since California legalized weed, the anticipated constant flocking of customers, willing to abide by the law, hasn’t materialized as planned. Sales in the legal marketplace have flat-lined, while black market weed has been filling in the gaps, providing […]
The Food and Drug Administration (FDA) has been active on the CBD front recently, releasing a consumer update claiming that CBD “has the potential to harm” at about the same time as the agency issued warning letters to 15 companies the agency claims are marketing CBD products illegally. While the FDA announced in July that […]
In a focused effort to eradicate unlicensed and non-compliant entities operating in the recreational marijuana industry, California regulators made a bold statement, suspending 394 cannabis business permits for retailers, distributors, delivery services, and microbusinesses. According to a report from the Associated Press, that’s about five percent of the state’s legal cannabis supply chain, gone — […]
