Marijuana Business Magazine May-June 2019

Marijuana Business Magazine | May-June 2019 26 State News Industry Developments | International & State WA OR ● ■ NV AZ MT WY NM ND SD ID UT NE KS OK TX MN WI IA ● MO IL IN MI OH PA NY KY WV VA TN NC SC GA AL MS AR LA FL CT MA RI VT NH ME NJ MD DC CO ● ■ ● ■ DE AK ■ HI - States that have passed medical marijuana laws - States that have passed both medical marijuana & recreational cannabis laws - States with operating medical marijuana dispensaries - States with planned medical marijuana dispensaries - States with operating recreational marijuana shops - States with planned recreational marijuana shops Note: This map does not include states that have legalized only CBD-based oils. ■ ■ ● ◆ ■ ✶ ● ● ● ● ● ● ● ● ◆ ◆ ◆ ● ■ ■ ● ● ● ● ● ● ● ■ ● ✶ ● ◆ ● ● ● CA ● ■ ◆ ● ✶ ◆ ● © 2019 Marijuana Business Daily, a division of Anne Holland Ventures . All rights reserved. Data is current as of April 14, 2019. Arkansas As the state's medical cannabis businesses look forward to the launch of a medical marijuana program, they are taking careful note of the fact that the Legislature approved a bill to restrict advertising aimed at curbing children’s interest in MMJ products. Under the measure, which has now passed both chambers after being amended, cultivators would be banned from advertising to the public, and dispensaries would be heavily restricted; dispensaries would not be allowed to use symbols such as cartoon characters that might attract children; and TV, radio, print and internet advertising could target only audiences that are less than 30% children. California The state excise tax on marijuana may change this summer. Nicolas Maduros, director of the California Department of Tax and Fee Administration (CDTFA), said the tax rate will reset July 1. The CDTFA uses a 60%markup rate, along with the average market price of wholesale marijuana, as a basis for the state’s 15% marijuana excise tax. “We’re responsible for resetting that markup rate every six months,”Maduros said, adding that once “track-and-trace is more fully utilized, we’ll have some better pricing data to figure out what that markup rate should be.” The state track-and-trace system launched in January but is used only by cannabis companies with annual business licenses.

RkJQdWJsaXNoZXIy Nzk0OTI=