Connect with us

California

Newsom Signs Bill Reversing California Cannabis Tax Increase

Published

on

Newsom Signs Bill Reversing California Cannabis Tax Increase

California officially eliminated a 25% increase in tax on the legal branch of Kanabis on Monday, signature by Governor Gavin Newsma by the Assembly 564.

Bill Has passed on September 11 with a vote 39-1 in the state Senateafter it passage in Assembly in June with voting 74-0.

AB 564AUTHORED by AssemblyMiblymember Matt Haney (D-San Francisco), Reversees an increase to the exceaque paid by consumers at dispensaries to 19%, and keeps the previve rate of 15% thong. Increased in 2022 After the State Eliminated A Cultivation Tax Placed On Growers, who are getting the Squeezed As Prices of Wholesale Cannabis Dropped While The Cultivation Tax Adjusted Upward with Inflation.

Additional costsmade legal cannabis more expensive than one that can be found on the black marketBreaking the state’s efforts to transfer users from illegal sources to the legal market of the cannabis.

“We refuse this increase in the cannabis tax so that the legal market can continue to rise, consumers can access safe products, and our local communities see benefits,” NEWSOM said in the prepared statement.

To read the rest of this article on CBS News, Click here

Message Signs of Newsom Law appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

(Tagstotranslate) California (T) cannabis (T) Gavin Newsom (T) Tax

American Cannabis Coverage by State

Cannabis Sales Drift Lower in November – New Cannabis Ventures

Published

on

By

Cannabis Sales Were Soft Again – New Cannabis Ventures

On December 4, 2025 at 1:13 PM

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s 15-state monthly cannabis sales data.

Cannabis sales fell 0.3% sequentially in November, which was up 3.0% on the day. In this review, we break down the results by state, starting with the western markets and then ending with the eastern markets. Overall, BDSA estimates sales in 15 markets totaled $1.80 billion in November, up 4.2 percent from a year ago, driven by strong growth in New York. BDSA updated its Illinois numbers after the state recently changed the way it counts sales.

Western markets

BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In November, the annual growth was negative in 4 provinces. In none of these states did daily growth fall sequentially.

Eastern markets

BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio and Pennsylvania. Annual growth in November ranged from -25.3% in Illinois to +1,370.7% in New York, whose adult-use sales have been included by the BDSA since January but were first included a few months ago. Ohio began using adults in August, spurring growth. Note that Florida and Pennsylvania are medical markets only. Sequential growth was stable in most markets and negative in one market. Annual growth was negative in several markets and increased sharply in two states. We had been warning of a potential slowdown in Florida despite strong dispensary and unit volume growth due to competitive pressure, and it has now declined for three months this year.

For readers interested in a deeper look hemp markets in these fifteen states and more, including segmentation by additional product categories, brand and product details, longer history and segmentation by product attributes, learn how BDSA Solutions can give you access to actionable data and analytics.

Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

Get our Sunday newsletter





Continue Reading

American Cannabis Coverage by State

Cannabis Sales Bounce Higher in October – New Cannabis Ventures

Published

on

By

Cannabis Sales Were Soft Again – New Cannabis Ventures

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s 15-state monthly cannabis sales data.

Cannabis sales rose 3.4% sequentially in October, a 0.1% daily gain. In this review, we break down the results by state, starting with the western markets and then ending with the eastern markets. Overall, the BDSA estimates sales in 15 markets totaled $2.11 billion in October, up 5.8 percent from a year earlier. Excluding the big gain in New York, which I explain below, sales were down 2.7%. Note that BDSA has revised some data historically.

Western markets

BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In September, the annual growth was negative in 3 states. In four of these states, daily growth declined sequentially.

Eastern markets

BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio and Pennsylvania. Annual growth in September ranged from -6.5% in New Jersey to +1,513.2% in New York, whose adult-use sales have been included by the BDSA since January but were first included a few months ago. Ohio began using adults in August, spurring growth. Note that Florida and Pennsylvania are medical markets only. Sequential growth was flat in most markets, helped by an extra day and negative in one market. Annual growth was negative in several markets and increased sharply in two states. We warned of a potential slowdown in Florida despite strong dispensary and unit volume growth due to competitive pressure, and it has now declined for two consecutive months.

For readers interested in a deeper look hemp markets in these fifteen states and more, including segmentation by additional product categories, brand and product details, longer history and segmentation by product attributes, learn how BDSA Solutions can give you access to actionable data and analytics.

Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

Get our Sunday newsletter





Continue Reading

California

Marijuana Retail Report

Published

on

By

Marijuana Retail Report

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media