Alarmed that California's fledgling legal marijuana industry is being undercut by the black market, a group of lawmakers proposed Thursday to reduce state taxes for three years on growing and selling cannabis to allow licensed sellers to get on their feet.
The partnership between Invictus MD and rock icon Gene Simmons (a noted anti-drug advocate) doesn't add up to us. Here's why.
Federal prosecutors won't take on small-time marijuana cases, despite the Justice Department's decision to lift an Obama-era policy that discouraged U.S. authorities from cracking down on the pot trade in states where the drug is legal, Attorney General Jeff Sessions said Saturday.
For 17 years Canada has provided legal access to medical cannabis to its citizens, and now the country is expected to legalize recreational marijuana by July 2018.
The Canadian government’s commitment to legalize recreational cannabis in July 2018 is touted as an opportunity for investors to profit from the ongoing green blitz.
Passage of a new law in Oregon that requires industrial hemp growers to register with the state is seen as a positive move for the industry, advocates of the program are saying.
From underage access to taxes and enforcement costs, Canada’s swimming in concerns around the impending legalization of cannabis. Drawing on data from the US’s legal-cannabis states, Leafly addresses each of Canada’s fears by addressing how each has played out south of the border.
The post What Can Canada Learn from the US When it Comes to Cannabis Legalization? appeared first on Leafly.
The post Nevada Rakes in $3.7M in Taxes from First Month of Pot Sales appeared first on High Times.
During its opening month of recreational marijuana sales, the state of Nevada has already raked in $3.68 million worth of tax revenue, according to state officials.
The figure combines a 15 percent wholesale tax along with a 10 percent retail tax and accounts for all sales made in July, the first month of Nevada’s fiscal year. Recreational cannabis was legalized on July 1st.
Some people involved in Canada's unregulated cannabis industry say, unless something changes quickly, the supply of available pot come legalization next July, will be inadequate, and the black market will continue to thrive. In British Columbia, Public Safety Minister Mike Farnworth announced Monday the public would be consulted on some of the upcoming rules around marijuana in the province, including distribution, age and possession limits.