Some may argue that Connecticut went to pot by legalizing marijuana.Whether or not that is the case, new figures from the state show pot sales aresweetening the pot at the state's treasury.Connecticut's Department of Revenue projects the state will collect in excess of $19 million in tax revenue from THC products this year.Since sales by dispensaries began at the start of the … [Read more...] about Connecticut foresees higher revenue from taxed cannabis
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California passes $1 billion in cannabis tax
California has raised $1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care for low-income families, cannabis research, public safety grants and cleaning up public … [Read more...] about California passes $1 billion in cannabis tax
Recreational marijuana sales total nearly $32M in first 3 months
Recreational marijuana sales in Michigan have totaled nearly $32 million in the first three months. The sales have resulted in more than $5 million in tax for the state, including nearly $3.2 million in excise tax and $2.1 million in sales tax. As of March 2, the total for adult-use sales was $31,971,862. That resulted in $3,197,186 in excise tax and $2,110,143 in sales … [Read more...] about Recreational marijuana sales total nearly $32M in first 3 months
Kennedy Goes For MORE
Wow, we guess stranger things have happened before... Yes, Joe Kennedy III, the same Joe Kennedy formally associated with Kevin Sabet's SAM, has co-sponsored a comprehensive legalization bill. This is exciting, people! While Joe Kennedy III might not be the first high profile politician to change his or her mind on the topic, what is strange is why he wasn't in support in the … [Read more...] about Kennedy Goes For MORE
Connecticut Cannabis Equity
For those readers like us, who have been awaiting what equity would look like in a Connecticut cannabis industry, the wait is over. It is unethical to make money legally off a substance that historically was used to police POC and not assist those communities adversely affected by the War on Drugs and before. Equity and expungement go hand in hand but are not the same. … [Read more...] about Connecticut Cannabis Equity
