News & Analysis as of

Marijuana Sales Tax

Husch Blackwell LLP

Minnesota Adult Use Cannabis Updates

Husch Blackwell LLP on

Minnesota Adult Use Cannabis Update - We assisted multiple clients in completing and submitting their adult-use cannabis license applications to the Office of Cannabis Management (“OCM”), and we continue to monitor how and...more

Frantz Ward LLP

Proposed Senate Bill 86 Seeks to Regulate Hemp Beverages and Intoxicating Hemp Products Differently

Frantz Ward LLP on

Ohio lawmakers are moving to tighten hemp regulations following Governor Mike DeWine’s call to “regulate intoxicating hemp” and close legal gaps that may allow the marketing and sale of hemp products to minors. Senators Shane...more

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

Cozen O'Connor

Virginia Viewpoint: The Budget Battle Begins

Cozen O'Connor on

This week, the House and Senate each voted on their changes to the Governor’s introduced budget – with some noticeable differences between the two chambers and omissions that wipe out most the Governor’s top tax priorities....more

Cozen O'Connor

Virginia Viewpoint: The Race to Crossover

Cozen O'Connor on

The Race to Crossover- Like a two-minute drill that football fans may see heading toward halftime in the big game this weekend, the Virginia General Assembly is in a similar race against the clock – a deadline colloquially...more

Clark Hill PLC

The Cannabis Cure for the Public Pension Crisis

Clark Hill PLC on

Pensions are, and have been, an important compensation component for public employees, including teachers, police, fire, and other municipal positions. However, limited funds and riskier investments are threatening pension...more

Dickinson Wright

Nevada’s Cannabis Industry Takes Another Step Forward

Dickinson Wright on

Four significant bills that will undoubtedly impact cannabis regulation in Nevada were recently signed into law by Nevada State Governor Joe Lombardo (R). The legislation makes a series of amendments to the state’s existing...more

Goodwin

A Mini-Green Wave? Two More States Legalize Adult-Use Cannabis

Goodwin on

Over the past month, both Delaware and Minnesota have legalized adult-use cannabis. They are the first two states to legalize in 2023 and represent the 22nd and 23rd states to allow for adult-use commercial cannabis markets. ...more

Goodwin

Connecticut to Become 18th State to Legalize Recreational Cannabis

Goodwin on

On June 17, 2021, the Connecticut General Assembly voted to approve the Responsible & Equitable Regulation of Adult-Use Cannabis Act (the “Act”). With Governor Ned Lamont’s signature expected today, Connecticut will become...more

Sheppard Mullin Richter & Hampton LLP

New York State Legalizes Recreational Marijuana: What Employers Need to Know

On March 31, 2021, New York Governor Andrew Cuomo signed the Marihuana Regulation and Taxation Act (the “MRTA”) into law, making New York the latest state to legalize recreational marijuana. The MRTA allows adults aged 21...more

Partridge Snow & Hahn LLP

Is the RI Legislature Getting Serious About Legalization?

It appears that political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass. The details of how Rhode Island might go about legalizing recreational cannabis—and not whether...more

Goodwin

New Mexico Becomes The 17th State To Legalize Recreational Cannabis

Goodwin on

On April 12, 2021, New Mexico Governor Michelle Lujan Grisham, signed House Bill 2, the Cannabis Regulation Act (the “Act”), which legalizes recreational cannabis in the state. In addition to legalizing recreational...more

Goodwin

Virginia Becomes First Southern State and 16th in the U.S. To Legalize Adult Recreational Cannabis

Goodwin on

On April 7, 2021, a majority of both houses of the Virginia legislature voted to legalize adult recreational use of cannabis. The approval made Virginia the 16th U.S. state – and the third state this year – to legalize adult...more

Bressler, Amery & Ross, P.C.

New York Legalizes Adult Use Cannabis

After years of failed attempts, on March 31, 2021, Governor Cuomo signed into law the Marijuana Regulation and Taxation Act (“MRTA”) legalizing adult use cannabis for adults over the age of 21. The MRTA provides for a...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

McDermott Will & Emery

House Judiciary Committee to Consider De-Scheduling Bill

McDermott Will & Emery on

This Wednesday, November 20, the House Judiciary Committee will hold a markup of H.R. 3884, the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act). The bill’s sponsors and advocates for cannabis normalization...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

Bradley Arant Boult Cummings LLP

Alabama Legislature Considering Medical Marijuana Bill with Bipartisan Support

[This is the first in a series of client alerts regarding the status of medical marijuana efforts in Alabama.] Is Alabama poised to join the growing number of states allowing the use of medical marijuana under state law?...more

Eversheds Sutherland (US) LLP

New York Governor proposes significant tax changes

New York State Governor Andrew Cuomo released his Fiscal Year 2020 budget and accompanying legislation on January 15, 2019 (the Budget Bill). Among other things, the Budget Bill proposes statutory revisions to respond to the...more

Blake, Cassels & Graydon LLP

Just in Time for Legalization, Federal Government Publishes Proposed Cannabis Excise Duty Rates

The federal government recently gave royal assent to the Budget Implementation Bill, 2018, No. 1, which amends the Excise Act, 2001 in order to implement a new framework for the taxation of cannabis. The new rules effectively...more

Blake, Cassels & Graydon LLP

2018 Federal Budget: Excise Tax on Cannabis

On February 27, 2018, the Minister of Finance introduced Canada’s 2018 Federal Budget (2018 Budget), which looks to implement the excise duty framework for cannabis that was proposed in November 2017 (see our November 2017...more

Mintz - ML Strategies

Massachusetts House and Senate Tackle Marijuana Policy

Mintz - ML Strategies on

On June 21st, 2017, after considering 118 amendments, the House passed sweeping legislation (H.3768) by a vote of 126 to 28 refining the laws governing the legalization of adult-use cannabis. The voters approved the adult...more

Blake, Cassels & Graydon LLP

Cannabis in Canada - A Changing Legal Landscape: Tax

Sales of illegal marijuana have long been subject to tax in Canada (notwithstanding the illegality of the sales), and legal sales of medical marijuana are also currently treated as taxable. From the outset, the federal...more

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

Pierce Atwood LLP on

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Maine Legislature’s First Regular Session Launches - On Wednesday, January 4, the Maine...more

Mintz - ML Strategies

Massachusetts Legislature Ends Active July with Budget Overrides

Mintz - ML Strategies on

After a busy final few weeks of activity, the Massachusetts Legislature departed for its summer recess with a new budget and progress on several priority policy issues. In addition to overriding $97 million in Governor...more

25 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide