Taxing Marijuana: Which Recreational States Levy The Highest Taxes?

American attitudes towards the legalization of marijuana have shifted in the last few years. In 2019, 66% of Americans say the use of marijuana should be legal, which represents a stark difference from the 33% of Americans who supported the measure in 2009.

As a result, a growing number of states have legalized recreational marijuana. Nine states are currently selling marijuana recreationally and several other states have legalized marijuana but are still setting up the retail and tax structure. 


Colorado Submits Hemp Plan To Feds

Colorado has submitted a revised Hemp Management Plan to the U.S. Department of Agriculture (USDA) that it says aligns with the Department’s Final Rule.


This Coast-to-Coast Cannabis Grower Just Made a Big Move in Colorado

marijuana plant with growth graph

A story equally impressive may be in its overseas activities.

2021 is looking to be the year in which we find some normalcy and recovery. For Curaleaf Holdings (OTC:CURLF), a vertically integrated cannabis producer, 2021 has so far been nothing short of record-breaking. The company recently reached a milestone $1 billion in annual sales, hitting $260 million in the first quarter of this year. 


Colorado Cannabis Company, Nature’s Root Labs, Breaks New Ground by Unionizing

The Colorado cannabis landscape is shifting, and unionization is coming to the industry. Nature’s Root Labs in Longmont, Colorado just unionized employees through United Food and Commercial Workers (UFCW).

Nature’s Root Labs sells CBD to Union Harvest in Florida, a company that then uses the raw product to make cannabidiol-rich CBD offerings for their customers. Now, the business has reached an official agreement with the UFCW that will provide a legal union option for the company’s workers.


The Success Of Colorado’s Marijuana Tax Dollars

Since 2012, when voters in Colorado passed Amendment 64 and legalized the first adult-use, recreational marijuana market in the U.S., the state has surpassed $10 billion in total sales. This not only represents a massive success and proof-of-concept for the future of the American cannabis industry, it also accounts for billions in tax revenues for the state of Colorado.


During the last six years, the Centennial State has collected over $1.6 billion - that’s just at the state level- in marijuana taxes and fee revenues. This untapped tax revenue stream was a pivotal selling point for Colorado voters in passing recreational cannabis legalization in 2012. So the question is: how has Colorado allocated these newfound tax dollars over the past six years?


State Governments Are Starting To Ban Delta-8 THC

Last month, a warning was raised by a chemist on the constituents of delta-8 THC, its production techniques, and other unknowns.

Delta-8 THC is fast becoming an ever-present compound. While this may seem like good news, it is a thing of concern. There seems to be a lot of misinformation about this compound, with a lot of concerns about the production, labeling, and marketing strategy.

Colorado has recently banned sales of delta-8 THC products, and other states like Vermont have already removed it from the shelves.


Another Study To Examine Cannabis Product Potency

US medical cannabis company MedPharm has been awarded a research grant to evaluate cannabinoid product label claims of potency.

The three-year study funded by the state of Colorado will delve into trends in consistency between laboratories, shelf life and label accuracy within product categories.

“The proposed work will allow a direct comparison of product content to product labels, enabling an independent quantification of any systematic biases that may exist across product types or testing facilities,” said MedPharm Director of Chemistry Dr. Tyrell Towle.


Colorado Gov. Inks Bill To Expand Student Access To Medical Marijuana

Colorado Gov. Jared Polis signed a bill on Wednesday that would expand access to medical cannabis for school children in need by removing obstacles to its administration.

The new legislation, SB 21-056, removes the discretion from school principals to set policies that regulate storing and administering cannabis-based medicines.


This company is the first to legally ship hemp across state lines by rail in 84 years

The first shipment of legal hemp to cross state lines in the U.S. by railroad in 84 years departed from California, fittingly, on 4/20.

Approximately 17,000 pounds (7,700 kilograms) of hemp, grown at the 550-acre Golden State Hemp farm in Fresno, Calif., was shipped by Union Pacific rail to the company’s research lab in Denver, Colo.

“Today’s first shipment by rail is another goal in our company mission of ‘Changing the world one acre at a time,’” Jeff Friedland, co-founder and CEO of Golden State Hemp, said in a release.


The State of Cannabis in Colorado

It is fair to say the legal cannabis industry has exploded over the past two decades, ever since the state of California got the ball rolling in 1996 by legalizing medical cannabis, followed quickly by Colorado.

Since then, we’ve seen a total of 36 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands all approve comprehensive, fully legal medical cannabis programs.

Colorado was one of the first states to decriminalize cannabis in 1975, then establish legal medical and recreational cannabis programs in 2000 and 2012.


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