Alaska Crime Bill May Need Exemption to Keep Recreational Marijuana Industry Legal
Colorado Reports $6 Billion In Cannabis Sales Since 2014
Colorado regulators say more than $6 billion in marijuana products have been sold since 2014 in the state.
The figures released Tuesday represent sales through the end of 2018.
According to the Colorado Department of Revenue, more than $1.54 billion of marijuana for medical or adult use was sold during 2018.
That is the highest one-year total for sales figures since 2014, but the pace of growth has slowed over time. In 2018, sales increased about 2.5 percent compared to 2017.
The state collected $266.5 million in taxes on marijuana products and other industry fees in 2018. That’s up from 2017, when the state collected $247 million.
Florida Moving To Allow Smokable Medical Cannabis
The Florida House began moving a bill Tuesday designed to comply with Republican Gov. Ron DeSantis’ demand that lawmakers repeal a ban on smokable medical cannabis by mid-March, but there remain differences with a similar bill moving in the Senate.
Michigan Proposes Cutting Medical Cannabis Fees
Due to new laws in Michigan after voters approved adult-use cannabis legalization last year, medical cannabis registration and renewal fees are expected to fall and there will be a decrease in the excise tax rate.