The tax revenue came from nearly $80 million customers spent on legal recreational marijuana between April 21 and June 30, the state Cannabis Regulatory Commission announced in a statement Friday. It includes more than $219,000 in social equity excise fees.
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The House voted 220-204 to approve the measure, which would fix the split between federal law and 19 states where recreational marijuana is legal. Three Republicans joined all but two Democrats in approving the measure.
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Mark Lozzi seems to choose his words carefully as he speaks. It’s a trait one might expect from someone who built a career out of attention to detail. This attention, after all, is the essence of regulatory compliance.
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More than 2,000 applications were submitted for medical marijuana licenses in 2019, but fewer than 400 were ultimately awarded. And while the state doesn’t track the race of those who got a license, Givins and others in the burgeoning industry say few went to Black-owned businesses.
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The New Jersey Cannabis Regulatory Commission heard all sorts of ideas Wednesday night from 15 people during an hourlong virtual public hearing held to solicit input for how the state should spend tax revenue from the new recreational marijuana market when sales eventually begin.
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GOP lawmakers in the Virginia House of Delegates are taking their first stab at legislation to open the retail cannabis market, introducing bills that would lower the tax rate on sales and redirect proposed social equity funding to school infrastructure.
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“It’s time that we establish more robust social equity programs that allow all to thrive in this industry. It shouldn’t just be those who have institutional money or come from a position of privilege.”
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Social justice in cannabis is a popular topic, but actual change is elusive. Two New Jersey cannabis entrepreneurs built a business around making a difference in their community. They’re trying to deliver on the promise…
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“This is a program that, as currently written, is designed to fail,” attorney Julie Gunnigle said to Arizona Mirror. Gunnigle up until recently worked for Arizona’s Chapter of NORML, an organization that pushes for the reform of marijuana laws across the United States.
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