Cannabis Tax Revenues Outpace Other ‘Sin’ Taxes in Colorado
Mon / Aug 21st
Colorado’s cannabis tax revenues from the 2022-2023 fiscal year are outpacing the state’s tax revenues from cigarettes, other tobacco and nicotine products, and alcohol.
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Mon / Aug 21st
Colorado’s cannabis tax revenues from the 2022-2023 fiscal year are outpacing the state’s tax revenues from cigarettes, other tobacco and nicotine products, and alcohol.
Mon / Aug 21st
Tilray Brands Inc. last week acquired Truss Beverage Co. from Molson Coors Canada, further expanding the company’s cannabis market share position in Canada.
Fri / Aug 18th
The Cabinet of Germany on Wednesday passed a bill to legalize the adult use and cultivation of cannabis; the measure still requires approval from parliament.
Fri / Aug 18th
Past-year and daily cannabis use among adults aged 19-30 are at the highest levels ever recorded by the National Institutes of Health, according to the 2022 Monitoring the Future survey.
Fri / Aug 18th
Alabama’s medical cannabis licensing process was paused, again, after a judge granted a temporary restraining order on Thursday after several cannabis companies claimed that regulators had violated the state’s open meetings law.
Thu / Aug 17th
The Missouri Auditor is investigating the state’s medical and adult-use cannabis programs to ensure accountability and transparency.
Thu / Aug 17th
Workers at Connecticut’s largest cannabis cultivation facility have voted to join United Food and Commercial Workers Union Local 919. It’s the second time that cannabis workers in the state voted to unionize.
Thu / Aug 17th
A recent Ohio State University study found that adult-use cannabis sales in the state could generate between $275 million and $403 million in tax revenues by the fifth year of operations.
Wed / Aug 16th
A recently revealed letter confirms that the U.S. Drug Enforcement Administration considers delta-8 THC that has been synthesized from hemp-derived CBD — so, the vast majority of consumer delta-8 products — to be federally illegal.
Wed / Aug 16th
A lawsuit filed in the Connecticut Superior Court is challenging the state’s cannabis legalization law and asking a judge to halt cannabis sales statewide because the plant remains federally prohibited.
Wed / Aug 16th
The Poseidon Dynamic Cannabis ETF — one of the cannabis space’s leading exchange-traded funds — is set to see its final day of trading on August 25 and will liquidate assets and pay shareholders by September 1.
Wed / Aug 16th
Combined medical and adult-use cannabis sales in Missouri have topped $100 million again for the sixth consecutive month, totaling $123.2 million in July.
Tue / Aug 15th
After a federal appeals court ruled last week that the federal ban on cannabis consumers owning firearms is unconstitutional, the Justice Department informed a separate appeals court that it contests the ruling.
Tue / Aug 15th
Cannabis regulators in Missouri issued a recall this week for nearly 63,000 cannabis products manufactured by Delta Extraction, LLC because they were not tracked by METRC, the state’s seed-to-sale tracking system.
Tue / Aug 15th
The Cannabis Dry Bar opened last week on South Carolina’s James Island, serving nonalcoholic, cannabis-infused cocktails. The bar is operating within the Charleston Hemp Collective and in partnership with High Rise Beverages.
Tue / Aug 15th
Nebraska Gov. Jim Pillen (R) has rejected a proposal that would have reduced the amount of time that law enforcement recruits could have used cannabis before entering training from 24 months to 12 months.
Mon / Aug 14th
Michigan cannabis dispensaries sold $275 million worth of product in July, putting the state on track to crest $3 billion in cannabis sales for the year.
Mon / Aug 14th
California’s United Cannabis Enforcement Taskforce last month eradicated more than 67,000 illegally cultivated cannabis plants and seized more than 8,000 pounds of cannabis products as part of its crackdown on the illicit cannabis market.
Mon / Aug 14th
South Dakota AG Marty Jackley released a draft ballot explanation for a proposed constitutional amendment to legalize adult-use cannabis in the state. The measure will require 17,509 signatures in order to appear on the 2024 ballot.
Fri / Aug 11th
The Alabama Medical Cannabis Commission has awarded new cannabis industry licenses after voiding all previously awarded licenses, explaining that errors in the scoring and evaluation of first-round licensees led to the new permits.
Fri / Aug 11th
The New Mexico Attorney General’s office is investigating allegations of wage theft and human or labor trafficking at a licensed cannabis facility.
Fri / Aug 11th
Connecticut adult-use cannabis retailers sold $13 million worth of product in July while medical cannabis sales continued to decline for the second consecutive month, sliding to $10.6 million.
Thu / Aug 10th
New Hampshire Gov. Chris Sununu (R), who generally opposes adult-use cannabis legalization, signed a bill this week to create a legalization study commission that will evaluate how cannabis could be sold through state-owned shops.
Thu / Aug 10th
New York’s first “Cannabis Growers Showcase” — which is the state’s answer to lagging retailer licenses and will be similar to a farmer’s market for cannabis products — is set to open today, August 10, in New Paltz.
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