Sentences with phrase «from marijuana sales»

It is crucial that the final version of this bill include an allocation of a minimum of $ 50 million from the marijuana sales tax revenue to prevention and abuse treatment, specifically in our schools.

• Leveraging taxes from marijuana sales.

States like Colorado are earmarking portions of revenue generated from marijuana sales for research.

A statewide initiative on the ballot asks voters to make an exception, and instead direct the tax revenue from marijuana sales toward public education and drug - prevention programs.

Not exact matches

With recreational marijuana slated to become legal next year, provincial governments are determined to keep the sale of weed completely separate from the sale of alcohol, establishing dedicated cannabis retail outlets.

About 40 percent of edible sales were from marijuana - infused candy, BDS reported, with 21 percent going to infused chocolate products.

Meanwhile, marijuana remains illegal on the federal level, and Attorney General Jeff Sessions has recently taken steps that would allow federal prosecutors in states where weed is legal to decide whether to prosecute people over marijuana sales in a development that could threaten the burgeoning industry (or, at the very least, spur litigation from some of the states in question looking to keep the federal government from interfering with statewide legislation).

CNBC's Aditi Roy reports live from San Francisco's «Hippie Hill» on why cannabis sales are lagging after California legalized marijuana.

Recent polls suggested roughly 60 % support for the ballot to legalize recreational cannabis in California, which legalized medical marijuana two decades ago and already sees an estimated $ 2.7 billion from legal medical pot sales.

The Tax Foundation, in an opinion piece on the report, said the drop «could indicate that marijuana still faces significant competition from black market sales.»

Court filings from 2014, for instance, show the IRS seized 222 Bitcoins from a marijuana dealer in Texas, but there is no documentation of its sale.

The software connects to the cannabis company's point - of - sale system as well as the state's seed - to - sale system, which follows marijuana plants from the grow house until they're sold to a customer, to monitor the business and ensure compliance.

Aside from technology, the company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.

Recreational, or «adult use,» marijuana sales also jumped from just under a billion in 2015 to $ 1.7 billion in 2016.

On Tuesday, a joint release from New Frontier and ArcView projected that California's legal marijuana market could reach $ 7.6 billion in annual sales by 2020 alone.

While some beer industry insiders worry that legalized marijuana could cannibalize beer sales, the category could use a boost from new products.

Across 23 states and Washington, D.C., recreational and medical sales have surpassed $ 5.4 billion in 2015, up from $ 4.6 billion the year before, according the fourth annual State of Legal Marijuana Markets report.

This is a mixed bag from a public policy standpoint: Increased marijuana use can have ill effects on the health of the population but the increased sales bring in more revenue for the government.

Marijuana companies will be banned from a majority of cities and towns in Massachusetts when recreational sales begin this summer, a Globe review has found, the latest indication that there will be fewer pot stores in the early going than many consumers expected.

Marijuana - derived CBD, oil deriving from medical marijuana, exceeded hemp - derived sales in 2016, reaching $ 132 million and is projected to reach an estimated $ 417 millionMarijuana - derived CBD, oil deriving from medical marijuana, exceeded hemp - derived sales in 2016, reaching $ 132 million and is projected to reach an estimated $ 417 millionmarijuana, exceeded hemp - derived sales in 2016, reaching $ 132 million and is projected to reach an estimated $ 417 million by 2020.

Agnese, for his part, points towards 2017 research from the University of Connecticut and Georgia State University that found, based on the analysis of sales data collected by Nielsen retail scanners between 2006 and 2015, that monthly alcohol sales fell an average of 13 per cent in states that had legalized medical marijuana.

however obama simply laughs off questions about marijuana helping the economy when you can be d@mn sure it would generate a lot of revenue, not only from the medical and recreational sale but from the over 25,000 uses the plant has.

The marijuana industry first peeked out from the darkness last year when recreational sale was legalized in the states of Colorado and Washington.

The state has yet to finalize regulations for medical marijuana cultivation and dispensing centers and sales, nor are they addressed in the Village of Orland Park Land Development Code, but village staff have already received informal inquiries from medical marijuana businesses, said Karie Friling, director of the Development Services Department.

In her current capacity, Diana has been instrumental in crafting legislation that has become law, from expanding tenants» rights to cracking down on the sale of synthetic marijuana (K2).

Colorado has now collected more than $ 500 million in taxes and fees from legal marijuana since retail sales started in 2014, the report found.

The comptroller's office used survey findings and figures from Colorado and Washington, which started allowing marijuana sales in 2014, to estimate how many New Yorkers smoke pot regularly, how much they would spend if it's legalized and how much tax revenue those sales could generate.

Giambra said that if Washington were to come through with the promise of infrastructure spending, it would only further benefit the state when combined with revenues generated from legal marijuana sales.

As a result, the uptick in alcohol sales made it difficult to isolate the impacts of legalized marijuana on drinking from the change in alcohol policy.

Federal law does not allow for medical marijuana, but it allows for the unrestricted sale of products derived from hemp.

This year, the governor signed a bill In 2015 declaring marijuana sales legal to recreational users from dispensaries starting October 1st, 2015.

«Industrial Hemp Development Act»; providing for state economy and agricultural industry promotion of industrial hemp by permitting regulated industrial hemp industry development; authorizing industrial hemp as an agricultural product; placing enforcement under commissioner of agriculture; authorizing regulated and lawful industrial hemp agriculture and commercial sales; requiring licensure for cultivation; specifying licensee requirements, compliance and notification requirements; requiring commissioner to promulgate certain rules; requiring fee credit to the industrial hemp account and establishing the account in the agricultural fund; establishing an affirmative defense for possession of marijuana; exempting industrial hemp from the marijuana and wild hemp definitions.

SF 826 «Industrial Hemp Development Act»; providing for state economy and agricultural industry promotion of industrial hemp by permitting regulated industrial hemp industry development; authorizing industrial hemp as an agricultural product; placing enforcement under commissioner of agriculture; authorizing regulated and lawful industrial hemp agriculture and commercial sales; requiring licensure for cultivation; specifying licensee requirements, compliance and notification requirements; requiring commissioner to promulgate certain rules; requiring fee credit to the industrial hemp account and establishing the account in the agricultural fund; establishing an affirmative defense for possession of marijuana; exempting industrial hemp from the marijuana and wild hemp definitions.

«While there is no drug effect from the Cannabis flower essential oil, we understand the efforts of federal and state law enforcement authorities to stop the marketing and sale of these products that prominently associate with marijuana and are not exempted from the CSA,» says David Bronner, Chair of the Food and Oil Committee of the HIA.

What the Left has done pretty well is boost marijuana sales, create the vaping industry and help rob the bread from the mouths of children in poor families with smoking parents.

On Wednesday, Seattle's city attorney, a former federal prosecutor, and a city councilman who used to be a police officer all testified in support of a bill that would legalize the sale, possession and delivery of marijuana for adults over 21 years old — and, in theory at least, generate millions of dollars from taxes on the product.

The bill «prohibits a marijuana producer, processor, or retail outlet from paying with or accepting virtual currency for the purchase or sale of marijuana or marijuana products.»

I worked with all sorts of marijuana professionals, and performed just about every task there is from seed to sale (trimmer, budtender, etc).

I worked with all sorts of marijuana professionals, and performed just about every task there is, from seed to sale.

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We are working to ensure that revenue from the sale of recreational marijuana goes to support evidence based and evidence informed adolescent substance use prevention and education programs and services.

They would also be excluded from Ontario and Quebec, Canada's two most populous provinces, where governments will have a monopoly on marijuana sales.