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Massachusetts Marijuana Tax Revenue Now Exceeds Alcohol By Millions
Massachusetts is officially collecting more tax revenue from marijuana than alcohol, state data shows. As of December 2021, the state took in $51.3 million from alcohol taxes and $74.2 million from cannabis at the halfway point of the fiscal year. Overall,...
Illinois creates grants with money from cannabis sales
Illinois is now offering more than $31 million in grant money from a portion of the taxes generated from cannabis-based sales since legalizing cannabis 8 months ago. The new grant program was set up to help small businesses and non-profits in disadvantaged communities...
Murphy says legalizing weed is ‘incredibly smart’ to offset budget woes triggered by coronavirus
During a press briefing on the Corona Virus pandemic, the New Jersey Governor Phil Murphy discussed how legalizing marijuana could help the state recover from a dire financial situation. The Governor remarked how New Jersey’s struggling economy will new revenue...
You Know What Else Has Sold Well During the Pandemic? Weed Edibles
The coronavirus has caused a global pandemic, but also a boost in cannabis-related products. According to Eaze an online cannabis retailer, the cannabis industry has seen an influx of new customers since March. Eaze officials even said, “that first-time purchases of...
Legal cannabis sales in Colorado reach all-time high in May
Reports show the Cannabis sales in Colorado in May, reached their highest level since broad legalization in 2014; setting a new monthly record. according to data from the state Department of Revenue’s Marijuana Enforcement Division. Dispensaries sold over $192 million...
Federal DOT Discusses Hemp Legalization’s Impact on Commercial Drivers
On Monday, July 13th, 2020, the national Department of Transportation held a Motor Carrier Safety Administration advisory committee meeting, during which a presentation focused on the opportunities the cannabis industry presents to commercial drivers. After the...
FDA Updates Congress On CBD Product Labelling Accuracy
The Food and Drug Administration (FDA) officially submitted a report to Congress discussing the state of the CBD marketplace on Wednesday, July 7th, 2020. The document summarized several studies the FDA has performed on the contents and quality of cannabis-derived...
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