Governor Ralph Northam signed marijuana legalization into law in a ceremony Wednesday afternoon, joined by legislators and marijuana advocates. The new law is a major piece of legislation from the 2021 General Assembly session. The law has many components involving regulation of cannabis production and retail that don’t take effect immediately, but a key portion allowing simple possession of up to one ounce of marijuana takes effect July 1.Read More
During the COVID-19 pandemic, states are turning to new revenue sources in an attempt to avoid raising taxes while filling a projected gaping budget deficit.
For Minnesota, that number is a $1.3 billion projected shortfall for fiscal year 2022-2023.
But top lawmakers say two revenue sources that have been popular in other states are unlikely to be signed into law this year; namely, the legalization of recreational marijuana and online sports betting.Read More