Despite rising inflation, the cost of cannabis products has declined over the past year, according to data from cannabis analytics firm Headset outlined by CNN. Flower prices fell 16.7% per gram, edible prices dropped 11.8% per milligram of THC, and the price of vape products fell 12.4% per milligram, according to the Headset analysis, which
Arizona’s 10 community college districts received more than $31 million from cannabis-derived taxes collected last year, the Associated Press reports. The state’s legalization law created a 16% excise tax on sales, of which about one-third is earmarked for Arizona community colleges. Colleges can use the funds for workforce development, STEM, and certain other education programs.
A proposed bill in California would suspend the state’s cannabis cultivation tax while increasing the retail excise tax in order to maintain neutrality with state revenues. The measure, co-sponsored by Democrat Assemblymember Bill Quirk and Republican Assemblymember Tom Lackey, comes following an increase in the state’s cultivation tax, which took effect January 1. “Previous efforts
New Jersey Gov. Phil Murphy (D) said on Wednesday that adult-use cannabis sales in the state could start “within weeks,” NJ.com reports. Murphy’s comments come after the state missed the statutory February 22 deadline to launch the market. “If I had to predict, we are within weeks – I would hope in March – you
The Mississippi Medical Cannabis Act was signed into law in early February 2022 after a long fight for safe access to medical cannabis. In response to impending legalization, the Mississippi Minority Cannabis Association (MMCA) is empowering their community with the tools to get involved in the industry on the ground floor. MMCA engages with minority
Health officials in Florida are asking an administrative law judge to permanently ban a physician from recommending medical cannabis for patients, suspend his medical license for five years, and fine him $10,000 following an investigation that found he violated state law by not performing physicals on undercover agents posing as patients seeking medical cannabis cards,
Lawmakers in Oregon are considering a bill to allow some municipalities in the province to raise local taxes on adult-use cannabis from the 3% cap to no more than 10%, the Argus Observer reports. If the bill is passed, voters would have the final say in approving the measure during the General Election. The bill
Editor’s note: Anyone who has been working in the cannabis industry is familiar with how “wrong” the mainstream media usually gets it when they write about cannabis policy or the industry. This article from our resident journalist TG Branfalt outlines the inspiration, purpose, and methodology of his new series “Cannabias” — an ongoing column where
In 2021, 54,200 acres of hemp were planted for industrial purposes in the U.S, valued at $712 million with 33,500 total acres harvested for industrial purposes, according to the U.S. Department of Agriculture’s (USDA) National Hemp Report. Hemp flower production last year was valued at $623 million with farmers cultivating 16,000 acres, with an average
New York Gov. Kathy Hochul (D) on Tuesday signed the bill creating conditional adult-use cannabis licenses which will allow current hemp cultivators in the state to apply for a license to grow adult-use cannabis during the 2022 growing season. The bill was approved by the Legislature last week. Under the law, conditionally licensed cannabis farmers
