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Colorado generated extra tax income from marijuana than alcohol or cigarettes over the last fiscal 12 months, with $280 million in hashish tax {dollars} going towards a wide range of authorities applications and providers like Ok–12 training and well being care. An evaluation from the state’s nonpartisan Legislative Council Employees (LCS) launched on Wednesday confirmed that despite the fact that annual marijuana tax income has decreased considerably over the previous two years, marijuana gross sales are nonetheless contributing extra funds to Colorado’s price range than different regulated substances. In reality, tax income from marijuana previously 12 months amounted to just…

A study Up to date this month by Ohio State College researchers means that adult-use hashish gross sales within the state might generate between $275 million and $403 million by the fifth yr of operations. The evaluation, “What Tax Revenues Ought to Ohioans Count on If Ohio Legalizes Grownup-Use Hashish?,” makes use of hashish tax information from Michigan fiscal yr 2021 as its focus for Ohio hashish tax income estimates “given the demographic and tax construction similarities.”   The researchers use three completely different eventualities for fee of diminishing retail gross sales progress by means of yr 5 of an…

Employees at Connecticut’s largest hashish cultivation facility have joined United Meals and Business Employees Union (UFCW) Native 919, the News Times stories. Greater than 70 staff at CTPharma’s facility in Rocky Hill voted to hitch the union on June 13 and the contract was ratified later within the month.  CTPharma is owned by Verano, which is predicated in Illinois.  The CTPharma staff are the second hashish cultivation facility workers to hitch a union within the state – in Could staff at Superior Develop Labs voted to hitch Native 919, changing into the primary hashish cultivation workers within the state to…

Illustration: mim.woman / Shutterstock Since 510-thread batteries first grew to become ubiquitous within the hashish trade greater than a decade in the past, they’ve been lauded as an affordable normal that gave customers the liberty to decide on what merchandise they plugged into their batteries. The 510-thread paradigm sidestepped one of many greatest issues that has dogged the consumer-electronics trade for years: know-how lock-in spurred by proprietary chargers and equipment particular to manufacturers and even merchandise. However 510 gadgets have their very own limitations, lots of which have been laid naked as client wishes have shifted within the wake of…

Oregon’s governor not too long ago vetoed an effort to create a state financial institution for marijuana companies, in one other blow to the struggling trade. The dearth of constant, equitable entry to banking has been recurring problem for Oregon marijuana companies and people in different states. Federal reform via the Safe and Truthful Enforcement Banking Act (SAFE Act) has languished within the Senate for years. Once more, the SAFE Act would “allow monetary establishments to supply banking companies to cannabis-related companies regardless that marijuana stays federally unlawful. Regardless of the tidal wave of legalization on the state degree, monetary…

The Missouri Auditor is investigating the state’s adult-use and medical hashish packages to ensure they are working legally, KCTV studies. Auditor Scott Fitzpatrick’s workplace mentioned the evaluate will cowl a five-year interval from 2018 by way of June 30, 2023.  Voters authorized a constitutional modification to legalize medical hashish in November 2018 and one other to legalize adult-use hashish in 2022.   “The medical and leisure marijuana packages created by these amendments are chargeable for establishing a brand new trade in our state which has already generated greater than $1 billion in gross sales. The foundations and laws promulgated for these packages…

For the sixth consecutive month, mixed medical and adult-use hashish gross sales in Missouri topped $100 million, totaling $123.2 million in July, Greenway Magazine experiences. For the reason that launch of medical hashish gross sales in October 2020, hashish gross sales within the state have exceeded $1.35 billion.  Grownup-use gross sales in July had been $98.7 million whereas medical hashish gross sales totaled $24.5 million. Mixed gross sales in July represented a 1.57% enhance over the earlier month.  This yr, hashish gross sales within the state are projected to exceed $1.4 billion; year-to-date adult-use gross sales have reached $542.70 million, whereas…

Greater than any massive metropolis in America, San Francisco has all the time been on the chopping fringe of hashish consumption––from the beats and poets smoking “mezz” whereas inhabiting the Fifties North Seashore “beat scene” to the brazenly stoned hippies of Nineteen Sixties Haight-Ashbury. Hashish consumption within the “Metropolis by the Bay” continued with the groundbreaking use of medical marijuana within the Castro District to deal with these affected by HIV and AIDS, resulting in America’s first dispensaries. San Francisco has likewise been the vanguard for offering consumption lounges to dispensary prospects, providing a spot for pot sufferers and weed…

One of many main exchange-traded funds within the hashish area will see its ultimate day of buying and selling this month, CNBC stories. The Poseidon Dynamic Hashish ETF, managed by AdvisorShares, plans to cease buying and selling on August 25 and can liquidate property and pay shareholders by September 1.    In an announcement to CNBC, co-founder Morgan Paxhia stated the fund was not “resistant to the broader macro-economic atmosphere and, extra particularly, the dramatic shift in investor sentiment that has impacted the hashish trade.” Poseidon Funding Administration began in 2013 as one of many first cannabis-focused hedge funds within…

A lawsuit filed final week in Connecticut Superior Court docket is difficult hashish legalization within the state and asking a decide to cease hashish gross sales, CT News Junkie studies. The criticism was filed by the Stamford Neighborhoods Coalition and greater than a dozen particular person plaintiffs and names Mayor Caroline Simmons and the town’s Zoning Board as defendants.  The group is searching for an injunction to ban hashish enterprise operations in Stamford and the state as an entire on the grounds that the 2021 regulation legalizing hashish possession and industrial gross sales was preempted by the federal Managed Substances Act.…