Cannabis derived taxes are politically popular and have nudged many skeptical lawmakers to accept cannabis legalization in their state. States like Illinois generate hundreds of millions of dollars from recreational MJ sales, California rakes in over $1 billion annually. New York’s emerging cannabis market is also expected to eventually yield over $1 billion annually.
Minnesota’s new cannabis tax took effect on July 1, and includes hemp-derived edibles and beverages. Revenues from this category are much lower than expected with the first month bringing in $594,461 from the associated 10 percent sales tax.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...