Topic: Recreational Marijuana

Leafly Jobs Report 2020: Cannabis Jobs Continue to Grow

Last Friday, Leafly released its latest annual jobs report and the numbers are encouraging. Leafly reports that the legal cannabis industry supports 243,700 full-time-equivalent jobs as of January 2020. That number grew by 33,700 new jobs over the past 12 months, which makes legal cannabis the fastest-growing industry in the United States.

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New Massachusetts Bill Would Rein in Host Community Agreements

Yesterday, the Massachusetts House of Representatives passed a bill  impacting Host Community Agreements. These State-required contracts are the lynchpin of the license application process in Massachusetts because marijuana businesses must enter into such agreements with the city or town where they operate as a precursor to getting a license from the State. In particular, the bill would provide the Massachusetts’s Cannabis Control Commission with the explicit power to regulate and enforce Host Community Agreements and would prohibit Host Community Agreements from including any financial obligations for the company other than a “community impact fee” of up to 3% of gross sales. The bill also authorizes cities and towns to waive the State’s Host Community Agreement requirement. However, it is unclear if any cities or towns would actually exercise that right.  

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Happy Holidays! Cannabis Regulators Announce Higher Taxes and Suspend Cannabis Permits in California

California cannabis businesses and consumers have faced a rash of challenges as state agencies hike taxes and suspend business licenses. There is no sign of let up. On November 21, the California Department of Tax and Fee Administration (CDTFA) announced hikes on next year’s cannabis mark up and cultivation tax rates. Effective January 1, 2020, the newest mark up rate will increase from 60% to 80%.

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