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Marijuana Related Businesses Sales Tax

Clark Hill PLC

The Cannabis Cure for the Public Pension Crisis

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Pensions are, and have been, an important compensation component for public employees, including teachers, police, fire, and other municipal positions. However, limited funds and riskier investments are threatening pension...more

Goodwin

A Mini-Green Wave? Two More States Legalize Adult-Use Cannabis

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Over the past month, both Delaware and Minnesota have legalized adult-use cannabis. They are the first two states to legalize in 2023 and represent the 22nd and 23rd states to allow for adult-use commercial cannabis markets. ...more

Goodwin

Connecticut to Become 18th State to Legalize Recreational Cannabis

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On June 17, 2021, the Connecticut General Assembly voted to approve the Responsible & Equitable Regulation of Adult-Use Cannabis Act (the “Act”). With Governor Ned Lamont’s signature expected today, Connecticut will become...more

Partridge Snow & Hahn LLP

Is the RI Legislature Getting Serious About Legalization?

It appears that political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass. The details of how Rhode Island might go about legalizing recreational cannabis—and not whether...more

Goodwin

New Mexico Becomes The 17th State To Legalize Recreational Cannabis

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On April 12, 2021, New Mexico Governor Michelle Lujan Grisham, signed House Bill 2, the Cannabis Regulation Act (the “Act”), which legalizes recreational cannabis in the state. In addition to legalizing recreational...more

Goodwin

Virginia Becomes First Southern State and 16th in the U.S. To Legalize Adult Recreational Cannabis

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On April 7, 2021, a majority of both houses of the Virginia legislature voted to legalize adult recreational use of cannabis. The approval made Virginia the 16th U.S. state – and the third state this year – to legalize adult...more

Goodwin

The Green Wave: Cannabis Legalization Sweeps in 2020

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It was a Green Wave on election night, with every cannabis-related legalization measure on the ballot passing, some by surprisingly large margins of victory. As a result of the November 2020 election, the number of states...more

McDermott Will & Emery

House Judiciary Committee to Consider De-Scheduling Bill

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This Wednesday, November 20, the House Judiciary Committee will hold a markup of H.R. 3884, the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act). The bill’s sponsors and advocates for cannabis normalization...more

Holland & Hart LLP

Utah Legislative Update - June 2019

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The Utah Legislature’s Tax Restructuring and Equalization Task Force met for the first time on May 30th to set the table for a summer of meetings that will be held around the state to discuss Utah’s tax structure and how it...more

Holland & Knight LLP

Illinois Legislature Legalizes Recreational Marijuana - An Overview of the Cannabis Regulation and Tax Act

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• On May 31, 2019, the Illinois General Assembly adopted the Cannabis Regulation and Tax Act (the Act) – legalizing the sale, possession and use of marijuana for recreational purposes by adults over age 21 starting Jan. 1,...more

Bradley Arant Boult Cummings LLP

Alabama Legislature Considering Medical Marijuana Bill with Bipartisan Support

[This is the first in a series of client alerts regarding the status of medical marijuana efforts in Alabama.] Is Alabama poised to join the growing number of states allowing the use of medical marijuana under state law?...more

Blake, Cassels & Graydon LLP

Just in Time for Legalization, Federal Government Publishes Proposed Cannabis Excise Duty Rates

The federal government recently gave royal assent to the Budget Implementation Bill, 2018, No. 1, which amends the Excise Act, 2001 in order to implement a new framework for the taxation of cannabis. The new rules effectively...more

Blake, Cassels & Graydon LLP

Cannabis in Canada - A Changing Legal Landscape: Tax

Sales of illegal marijuana have long been subject to tax in Canada (notwithstanding the illegality of the sales), and legal sales of medical marijuana are also currently treated as taxable. From the outset, the federal...more

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