News & Analysis as of

Decriminalization of Marijuana State Taxes State and Local Government

Vicente LLP

Hemp-Derived Cannabinoid Markets: Using Tax Data to Assess Growth in Louisiana, Minnesota and Tennessee

Vicente LLP on

With 2024 behind us and new state legislative sessions ahead, it is a perfect time to discuss one of the most frequently asked questions received by the Vicente Economics and Research Department: How large is the intoxicating...more

Winthrop & Weinstine, P.A.

Legislative Top 5 - January 2023 #3

Governor’s Budget Rollout - This week, Governor Walz began rolling out key features of his proposed budget with two press conferences focused on investments in economic and children and families initiatives. The $12...more

Vicente LLP

Massachusetts Enacts Significant Changes to Marijuana Laws: What You Need to Know

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For the first time since adult-use legalization in Massachusetts, the Massachusetts Legislature voted to pass marijuana reform legislation that will impact the cannabis industry across the Commonwealth in significant ways,...more

Seyfarth Shaw LLP

A High Tax State – New York’s Potency Tax on Adult-Use Cannabis

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Adult-use cannabis legalization was passed in New York State when Governor Andrew Cuomo signed the Marijuana Regulation & Taxation Act (the “MRTA”) into law on March 31, 2021, after the Governor had previously attempted to...more

Bradley Arant Boult Cummings LLP

Medical Marijuana Money in Mississippi: Navigating the Tax Consequences of a Green Enterprise

Mississippi is on the precipice of implementing a medical marijuana regime, as Mississippians voted overwhelmingly to approve Initiative 65 last November. Those awaiting the green light should take advantage of the additional...more

Goodwin

The Green Wave: Cannabis Legalization Sweeps in 2020

Goodwin on

It was a Green Wave on election night, with every cannabis-related legalization measure on the ballot passing, some by surprisingly large margins of victory. As a result of the November 2020 election, the number of states...more

Amundsen Davis LLC

Top 10 Things You Should Know About The Cannabis Regulation And Tax Act In Illinois

Amundsen Davis LLC on

On 5/31, the Illinois House voted to approve the Cannabis Regulation and Tax Act (“CRTA”), which will legalize the sale and use of cannabis for recreational purposes by individuals 21 and older. The State Senate approved the...more

Holland & Knight LLP

Illinois Legislature Legalizes Recreational Marijuana - An Overview of the Cannabis Regulation and Tax Act

Holland & Knight LLP on

• On May 31, 2019, the Illinois General Assembly adopted the Cannabis Regulation and Tax Act (the Act) – legalizing the sale, possession and use of marijuana for recreational purposes by adults over age 21 starting Jan. 1,...more

McGuireWoods Consulting

Illinois Legislative Session Preview

Enhanced Democratic Supermajorities - Following the 2018 election, Illinois will be the bluest it has ever been in modern history. With incumbent Republican Gov. Bruce Rauner resoundingly losing his re-election bid to...more

Fox Rothschild LLP

Cannabis Industry State Tax Guide

Fox Rothschild LLP on

Businesses in the legalized cannabis sector face a daunting task in complying with state and Federal tax laws. This Guide is designed to assist in tax compliance by providing quick access to the relevant tax provisions in the...more

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