THE WASH…DAILY with Joey SLLiks – July 14. 2020
Tuesday July 14, 2020
In todays report:
This video is a featured asset on the following weedcash.network blogpost
Illinois Collects $52 Million In Marijuana Tax Revenue In First Six Months Of Legal Sales
Illinois generated $52 million in tax revenue from marijuana sales in the first six months since implementation, the governor announced on Tuesday.
“I’m proud to work with Governor Pritzker in creating equity in the cannabis industry in a way that no other state has done,” Toi Hutchinson, the state’s cannabis czar, said. “By expunging hundreds of thousands of cannabis-related records, reinvesting the money spent on adult-use cannabis in Illinois into communities that are suffering, and making equity a central focus of the cannabis licensure process, the administration is ensuring that no community is left out or left behind.”
Under the legalization bill that Gov. J.B. Pritzker (D) signed last year, a Restore, Reinvest, and Renew (R3) program was established. It provides grant opportunities for “communities impacted by economic disinvestment, violence and the severe and multilayered harm caused by the war on drugs.”
New Jersey Governor Says Legalizing Marijuana A ‘No-Brainer’ For Coronavirus Economic Recovery
The governor of New Jersey said on Tuesday that legalizing marijuana could simultaneously help the state recover economically from the coronavirus pandemic while also promoting racial justice.
During an interview on the radio program Jim Kerr Anytime, Gov. Phil Murphy (D) recognized that the state is going to need to be innovative to generate revenue amid the health crisis. A co-host said cannabis could be part of the solution and the governor agreed.
Michigan bill would raise hemp fees, require total THC testing
The Michigan Legislature passed a bill to largely align the state’s hemp industry with federal standards, including total THC testing.
The measure also raises licensing fees more than 10 times.
But if the bill is signed into law and the federal government approves the state’s plan, Michigan would join 14 tribal governments and 12 states that can license their own hemp growers and processors.
Michigan’s proposed changes include:
Raising annual licensing fees from $100 to $1,250.
Requiring hemp testing for total THC content within 15 days of harvest, though not necessarily from a lab registered with the U.S. Drug Enforcement Administration.
The bill does not address CBD in food or the legality of growing smokable hemp flower.