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Wyoming Marijuana Legalization Bill Sponsored By Top Republicans Expected To Get Hearing This Week

Wyoming Marijuana Legalization Bill Sponsored By Top Republicans Expected To Get Hearing This Week

The cannabis legalization measure is sponsored by the House speaker, Judiciary Committee chairman and other GOP lawmakers.By Angus M. Thuermer Jr.,Supporters of a sweeping bill to legalize and regulate marijuana anticipate a hearing before the House Judiciary Committee on Friday, where they hope to dispel myths and stereotypes held by resistant lawmakers.Twelve representatives and two senators co-sponsored —Regulation of marijuana, which would license the cultivation and sale of marijuana and tax cannabis products, including edibles and infused drinks. Chief sponsor Rep. Jared Olsen...

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Marijuana Moment
Mar 10
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Illinois Collects $205 Million In Marijuana Taxes From First Year Of Legal Sales

Illinois Collects $205 Million In Marijuana Taxes From First Year Of Legal Sales

Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold.By Greg Bishop | The Center SquareAbout $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or R3 program, and it’s not all going to Chicago.Since adult-use sales began in January 2020, . The taxes on that can be more than 40 percent, depending on the potency and whether a local sales tax is added on to the state taxes.For the state’s taxes, the total collected from January 2020 through last month totaled more than $205.4...

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Marijuana Moment
Feb 9
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Colorado’s Record-Breaking Marijuana Sales Top $2 Billion In 2020

Colorado’s Record-Breaking Marijuana Sales Top $2 Billion In 2020

Several other states also saw huge cannabis sales numbers last year.By Robert Davis | The Center SquareColorado’s total marijuana sales surpassed $2 billion in 2020, the highest amount since legalization, the state’s Department of Revenue (CDOR) said Tuesday.State dispensaries brought in $175,145,246 in November, a 17 percent increase from 2019. In return, the state reaped $32,383,094 in revenue from taxes and fees.Colorado’s sales were $1.7 billion in 2019 and $1.5 billion in 2018. The state brought in $387,480,110 in taxes and fees in 2020.Since the state began collecting tax revenue on...

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Marijuana Moment
Jan 14
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Texas Democrats Say Marijuana Can Help The Economy, But Republicans May Stand In The Way

Texas Democrats Say Marijuana Can Help The Economy, But Republicans May Stand In The Way

State lawmakers argue that the tax revenue and jobs created by a retail market for cannabis could help the state devastated by the coronavirus pandemic.With a state budget devastated by the coronavirus, some Democratic lawmakers are hoping the economic crisis could become an opportunity to coax Texas into joining a growing number of states opting to legalize — and tax — recreational marijuana use.The chances are slim.State Sen. of San Antonio and state Rep. of El Paso filed bills this week in advance of the 2021 legislative session that would legalize, regulate and tax personal cannabis...

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Marijuana Moment
Nov 16
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Kansas Lawmakers Continue The Push To Legalize Medical Marijuana

Kansas Lawmakers Continue The Push To Legalize Medical Marijuana

“It’s time we acknowledge that some of our citizens are actually using medical marijuana, even though they may have to travel to another state to get it. We’re actually using it and we’re losing out on revenues.”by Tim Carpenter,Gail Finney and David Haley were the target of jokes and caustic blowback years ago after suggesting Kansas pass a law legalizing medical use of cannabis products.Both had family members regurgitate propaganda reminiscent of “Reefer Madness” while expressing surprise they would take a pro-pot position while federal government categorically listing marijuana as...

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Marijuana Moment
Sep 22
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