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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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...