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Nationwide marijuana legalization in all states would develop annual hashish tax income to $8.5 billion, in line with a brand new report from a nonprofit suppose tank that features a “blueprint” for taxing gross sales. The Washington, D.C.-based Tax Basis is proposing a state and federal marijuana tax mannequin that retains prices comparatively low to mitigate illicit gross sales whereas imposing increased charges on stronger merchandise. It says the present patchwork of state hashish legal guidelines that principally tax by gross sales worth is “chaotic,” and whereas marijuana stays federally prohibited, it’s value contemplating the professionals and cons of building…

Illustration: heymanifesto / midjourney This text is a part of a sequence of historic views in regards to the authorized hashish business. Politicians and the authorized panorama. Branding and advertising. Range, superstar merchandise, and retail design. These are a number of of the problems which have resonated with the business. August 2015 Social media hadn’t but turn into a advertising must-have when the group at social media app MassRoots adorned mg’s first cowl. Based with a seed funding of $150,000, inside two years the corporate’s over-the-counter inventory traded at a quantity of greater than $7 million in a single week.…

Illustration: Golden Dayz / Shutterstock This text is a part of a sequence of historic views concerning the authorized hashish trade. Making predictions about new markets within the hashish trade is all the time a dangerous proposition. However now that the Midwest and East Coast markets are maturing and markets within the South and Southwest are coming into clearer focus, analysts and entrepreneurs are making extra educated guesses about how these new markets will develop over the subsequent few years. Corporations of all styles and sizes eagerly anticipated the enlargement of the adult-use markets on the East Coast for a…

The Alabama Medical Hashish Fee (AMCC) has awarded built-in licenses to 5 firms to provoke the state’s medical marijuana trade, as reported by news outlet AL.com. Out of 33 candidates, Trulieve Alabama, Inc. was acknowledged as the one “minority-owned enterprise” to obtain a license. This choice is a part of the implementation of the medical marijuana legislation handed in Alabama in 2021. The legislation mandated that at the least one of many 5 licenses be allotted to an organization that’s at the least 51% minority-owned, a requirement that the company decided was met by Trulieve Alabama. This improvement highlights a…

The Recreation Awards (TGA) celebrated its tenth anniversary final Thursday, Dec. 7, and is now one of many solely main replacements for what E3 was as soon as in its heyday. In his opening speech, TGA host and organizer Geoff Keighley remained optimistic in regards to the state of the business. “Greater than something, it is a present about bringing our group collectively on this room, and on-line world wide, to concentrate on one thing all of us can agree on: there’s nothing extra highly effective or extra immersive than a rare online game,” Keighley said in his introduction. “Nice…

Individuals in states the place marijuana is illegitimate are considerably extra prone to have used merchandise containing lesser-known cannabinoids like delta-8 THC, signaling that prohibition might “unintentionally promote” utilization of the loosely regulated merchandise, in keeping with a brand new federally funded research printed the American Medical Affiliation (AMA). The analysis letter, printed within the journal JAMA Community Open on Wednesday, accommodates what it says is the first-ever set of scientific information on use tendencies for rising cannabinoids resembling delta-8 THC, CBG and CBN, in addition to up to date numbers of the consumption of CBD merchandise. Researchers on the…

Teen marijuana use has not elevated “at the same time as state legalization has proliferated throughout the nation,” a federal well being official stated on Wednesday in asserting the newest information from an annual survey that once more confirmed prohibitionist issues about youth hashish entry have “not performed out.” The 2022 Monitoring the Future (MTF) survey—which is carried out by the College of Michigan with funding from the Nationwide Institute on Drug Abuse (NIDA)—discovered that charges of past-year hashish use “remained steady for all three grades surveyed,” remaining beneath pre-pandemic utilization ranges at the same time as extra state marijuana…

Activists in Texas are suing town of Harker Heights for failing to reform its hashish legal guidelines after voters authorised the adjustments in 2022, KCEN TV studies. The group, Floor Sport Texas, has been behind a number of profitable poll initiatives in Texas cities and cities which have led to native hashish regulation reforms. In an interview with KCEN, Julie Oliver, govt director for Floor Sport Texas mentioned the lawsuit “is about implementing the need of the voters.” “Harker Heights officers are undermining native democracy by disregarding the clear language of town constitution. No matter coverage disagreements town supervisor or…

Quite a bit has modified on the planet since Steve Diamond first reported on the New Orleans Jazz Pageant for the January 1st, 1979 concern of Excessive Occasions Journal. Again then, present Jazz Fest juggernaut Tipitina’s was in its infancy—the historic music venue having solely operated for a 12 months on the time of Diamond’s piece—and the New Orleans music scene as a complete performed host to a wide range of completely different sights, sounds, and flavors that, for sure people at this time, stay a distant reminiscence—and for others—one thing they’ll need to learn or hear tales about to…

Gross sales of adult-use marijuana in Maryland totaled practically $56 million in November, but once more setting a consecutive file for month-to-month business hashish exercise because the leisure market opened in July. Authorized marijuana gross sales total throughout the state dropped barely final month, nevertheless, totaling roughly $89.7 million, together with $33.7 million in medical marijuana receipts. That’s down from a complete of about $90 million in October, and about $2 million lower than August’s file total excessive of $91.7 million. The newest figures, released this week by the Maryland Hashish Administration (MCA), additionally embody a breakdown of gross sales…