12.01.2023
Montana Renewables Returns to Full Operations
In August of 2023, Montana Renewables (MRL) reported a leak in the steam recovery system on their renewable hydrogen plant. The plant was able to continue operations with a...
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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