Legalized pot
But estimates released Tuesday by the state Legislative Analyst's Office show $34 million came in between January and March, appearing well behind those initial projections. By 2022 recreational sales are projected to be twice as much as medical sales. MA will also begin recreational sales this July, becoming the first state east of the MS to do so.
As Low indicated, many consumers are turning to the black market instead of purchasing cannabis from legal dispensaries.
Georgia adopted a law legalizing the use of medical marijuana to treat post-traumatic stress disorder and intractable pain, but the state's laws still don't allow patients to legally purchase it, the Atlanta Journal-Constitution reported. As a result, many residents find themselves several hours' drive away from a legal pot store; an inconvenience that is also inspiring buyers to return to illicit dealers.
Opponents and even some supporters of pot legalization say states should not lean on marijuana sales to boost their coffers, because doing so would give a state incentives to increase the number of marijuana users.
"The excise tax revenue numbers announced today are abysmally below what Californians were promised when they voted to legalize recreational cannabis", state Assemblyman Evan Low said to the Associated Press.
PWD scam: Kejriwal's nephew arrested
Anti corruption Branch (ACB) today arrested Vinay Bansal, close relative of Delhi CM Arvind Kejriwal in an alleged PWD Scam . Special commissioner of police Arvind Deep who heads the anti-graft unit confirmed Bansal's arrest.
HPV vaccine does not increase risk of serious side-effects
More than half a million cases are diagnosed each year, and about half of these women will die of the disease, he said. In most cases it goes away on its own, but some of the higher risk strains can not be cleared and may lead to cancer.
Morrisey, Manchin to face off for US Senate
But Ohio Democratic Party Chair David Pepper says there was more Democratic participation this year than in the 2016 primary. Bernie Sanders , though the Vermont independent did not formally endorse the former Cleveland mayor and congressman.
The new law will take effect July 1.
So far, there's been no tax windfall from legal marijuana in California.
In Washington state, gross revenue from marijuana legalization equaled 1.2 percent of general fund revenue in the 2015-17 state budget. In Colorado, the first state to legalize recreational use, a marijuana tax brings in the equivalent of about 2 percent of the state budget. Both states saw a rapid increase in tax revenue after legalizing marijuana, but the total amount collected only represents a small portion of each state's total earnings from taxes.
On top of this, Moody's predicts that the growth of the cannabis industry "is likely to slow", according to the Chicago Sun Times. However, state law still bans the growing, buying, or transporting of marijuana, which means patients have no way of obtaining it. "Measure K is a fiscally responsible tax on marijuana businesses that will provide revenue for underfunded county services - from early childhood development and substance abuse treatment programs to rural infrastructure and law enforcement resources to address illegal marijuana activity". "J.B. knows we can legalize marijuana in a safe way that will benefit communities across IL and he is ready to do that as governor".
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