Illinois will distribute $31.5 million in grants over the next year to local nonprofits, faith- or community-based organizations and governmental bodies to address issues in historically underserved parts of the state. The money for these grants comes from 25% of the tax revenue the state collects from recreational marijuana... Read more
July 24, 2020 by AggregatedNews Leave a Comment An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired by... Read more
In less than two years after the country legalized recreational cannabis, Canada has reached an important milestone. According to a report in BNN Bloomberg, the country’s dispensary count crossed the 1,000 mark as of July 17, landing at 1,010. Of all the country’s provinces and territories, Alberta in the... Read more
Breonna Taylor was a 36-year-old Black emergency medical worker who was killed in March while police in Louisville, Kentucky carried out a no-knock warrant as part of a narcotics investigation. “Breonna Taylor died as a result of the war on drugs,” said Josh Alb as he shouted to demonstrators on the... Read more
Laury Lucien, a co-owner of the marijuana retail business Major Bloom in Worcester, said equity applicants that are trying to open a cannabis company in Massachusetts are fighting a unicorn. And that unicorn, Lucien said, is stigma rooted in ignorance and racism. Lucien pointed back to the 1970 Controlled Substances... Read more
When Detroit City Councilmember James Tate led the push to temporarily ban recreational marijuana sales in the city last year, he said he wanted to ensure marijuana legalization would benefit the people who’d been hurt by prohibition. Detroit’s majority-Black residents have historically been dealt harsher punishments for marijuana crimes... Read more
Massachusetts marijuana regulators have fined three companies a total of $800,000 for various infractions. The Cannabis Control Commission levied the fines against Garden Remedies Inc., Healthy Pharms Inc., and Acreage Holdings Inc., according to The Telegram & Gazette. Garden Remedies, which operates a recreational and medical dispensary in Marlborough, was... Read more
Gov. Phil Murphy said legalized marijuana sales could boost New Jersey’s struggling economy, which needs new revenue sources to weather damage from the the coronavirus outbreak. Speaking on the Jim Kerr Rock & Roll Morning Show Tuesday, Murphy called legalization “an incredibly smart thing to do.” “We’re not inventing marijuana,” he said. “It exists.” The... Read more
A rapidly growing number of marijuana plants are reaching toward high-wattage grow lights across Michigan. This has resulted in slowly decreasing retail prices for both medical and recreational marijuana. The price reductions come following a spike after the opening of the first recreational marijuana shops in December. Nearly 8,600... Read more
You are here: Home / Policy & Legal / Illinois / Higher than expected: Illinois’ $52.8M take from marijuana sales exceeds what state projected July 15, 2020 by AggregatedNews Leave a Comment Illinois collected almost $52.8 million in tax revenue during the first six months of recreational marijuana sales,... Read more
