17th State Legalizes Cannabis

  • April 15, 2021

What’s happening? New Mexico has legalized cannabis for adults. It seems weird that the article mentioned for adults and that I decided to type it as well. Of course it is cannabis legalized for adults no state would legalize cannabis for toddlers. Retail sales will begin April 1, 2022. It is estimated to raise at least $20 million in tax revenue the first year, $380 million in sales, and create 11,000 jobs.

Why is this important? New Mexico is the 17th state to legalize. The numbers keep going up.

How will this be important? Every state has slightly different regulatory framework. Consider NM having added to the regulatory possibilities.

KCBD | New Mexico Governor, Legislature legalizes adult-use cannabis

Pension Trend Across the Pond

  • April 15, 2021

What’s happening? Pension industry in Europe is being asked to educate its membership about ESG investments for pensions. Advisors say there is a disconnect between what people think is happening to their pension funds and what is happening to their pension funds. Such as members strongly supporting global warming initiatives but not have investments to that end.

Why is this important? The new economy plus transparency means people want to know that they are voting with their dollars.

How will this be important? The younger generations care even more about social impact issues, so consider us on a tricycle now so that by the time Gen Z gets to pension age we’ll have cycling shoes that click into peddles.

Pensions Age | Pensions industry urged to educate members on ESG investing

Esports on the Radar

  • April 15, 2021

What’s happening? Esports has become a $1 Billion in sales industry. Add onto the revenue from events. Esports is big business and big sports that is entering the sports betting ethos.

Why is this important? Esports is starting to train like professional athletes too. Esports isn’t only kids in a basement.

How will this be important? Esports is big business that keeps growing.

@bloombergbusiness on @instagram

State Innovation Expansion Program. $10 M for Manufacturers.

  • April 15, 2021

What’s happening? Oklahoma has created the  Innovation Expansion Program within its Department of Commerce to support manufacturers that are innovating and spur investments.

Why is this important? Th program began because Oklahoma wanted to help businesses emerge from the pandemic.

How will this be important? What happens in one state will eventually be proposed in other states.

The Oklahoman via Governing | Oklahoma to Use $10 Million to Boost Investment, Innovation

Anatomy of North Carolina’s Sports Betting Bill

  • April 9, 2021

What’s happening? North Carolina is considering a sports betting bill SB 688 (2021 | NC). The bill will expand sports betting beyond the 2 tribal casinos and into online sports betting. NC Education Lottery Commission would run the show. At least 10 online sports wagering licenses would be available, but no more than 12. 8% tax on sports betting revenue. $500,000 license fee.

Why is this important? Many states are grappling with this very thing and they are all handling it differently. Lots of tools for our toolboxes, my friends.

How will this be important? If successful, it is another blueprint of how to pass sports betting a fairy red location.

Legal Sports report | NEW NORTH CAROLINA SPORTS BETTING BILL WOULD OPEN ONLINE MARKET

Pro Sports Ticket Tax Proposal

  • April 9, 2021

What’s happening? Nevada is considering SB 367 (2021 | NV) that removes the sales tax exemption for professional sports tickets. Professional sports tickets ahem been exempt from the liven entertainment tax since 2015. The tax applies to events with more than 200 attendees.

Why is this important? The raiders say the tax could harm expansion for the Las Vegas team.

How will this be important? All states are identifying new ways to impose new or amended taxes. Keep it in your memory vault.

Las Vegas Review Journal | Proposed ticket tax could block pro sports expansion, Knights, Raiders say

+1 State Increases the Gas Tax with a Republican Counter Offer

  • April 9, 2021

What’s happening? Minnesota legislators voted to increase the state gas tax by 5 cents. Republicans countered the bill with an increase in the sales tax for auto parts.

Why is this important? gas tax revenues have been in decline because of fuel efficiency, low gas prices and less driving during the pandemic.

How will this be important? ll states are grappling with declining gas tax revenues.

Pine Journal | Minnesota panel green-lights 5-cent gas tax hike for road, bridge repairs

COVID Effect. +2 States Retain Alcohol Sales to go. Alcohol Delivered.

  • April 8, 2021

What’s happening? Alabama S126 (AL- 2021) and Texas are both seeing alcohol to go sales moving through their legislative chambers.

Why is this important? The pandemic led Governors to loosen certain regulatory restrictions, which created a pilot program of sorts to test how will the state operate if we loosen these rules. Turns out, it will be A-OK. So now those looser rules are getting codified.

How will this be important? The new economy will continue to be a reassessment of the old rules. Just because we always did it that way, doesn’t mean that way was the right way.

AL.com | Alabama alcohol delivery bill awaits Kay Ivey’s signature

Collecting a Vehicle Fee to Build Charging Stations

  • March 26, 2021

What’s happening? Florida Senate is moving SB138 (2021 | FL) that will use it’s $135 EV fee to create the Electric Vehicle Infrastructure Grant Program to help pay to install the charging stations.

Why is this important? The bill has an economic development component for the EV infrastructure building and will split funds between the Florida Department of Transportation and local governments, with counties getting 36% to make up for lost gas tax revenue.

How will this be important? Building out EV charging station infrastructure is big business. “This is going to create a very large industry,” said Sen. Tom Wright, R-New Smyrna Beach. 

Tallahassee Democrat | Florida Senate panel approves new fee to build electric vehicle charging stations

Colorado’s Proposed Insurance Premium Fee for Disasters

  • March 26, 2021

What’s happening? Colorado is considering the Natural Disaster Mitigation Enterprise, HB21-1208 (2021 | Co) that would add a $1.25 per every $1,000 in premiums to create the state-run natural disaster mitigation enterprise fund that would help communities finance necessary work to lessen or prevent future catastrophes. 

Why is this important? Mitigating disasters is big talk and big work in state legislatures.

How will this be important? The pacing of “disasters” seems to be increasing.

The Colorado Sun | Could a new insurance-premium fee prevent Colorado’s next big natural disaster? Some lawmakers say yes.

17th State Legalizes Cannabis

  • April 15, 2021

What’s happening? New Mexico has legalized cannabis for adults. It seems weird that the article mentioned for adults and that I decided to type it as well. Of course it is cannabis legalized for adults no state would legalize cannabis for toddlers. Retail sales will begin April 1, 2022. It is estimated to raise at least $20 million in tax revenue the first year, $380 million in sales, and create 11,000 jobs.

Why is this important? New Mexico is the 17th state to legalize. The numbers keep going up.

How will this be important? Every state has slightly different regulatory framework. Consider NM having added to the regulatory possibilities.

KCBD | New Mexico Governor, Legislature legalizes adult-use cannabis

Pension Trend Across the Pond

  • April 15, 2021

What’s happening? Pension industry in Europe is being asked to educate its membership about ESG investments for pensions. Advisors say there is a disconnect between what people think is happening to their pension funds and what is happening to their pension funds. Such as members strongly supporting global warming initiatives but not have investments to that end.

Why is this important? The new economy plus transparency means people want to know that they are voting with their dollars.

How will this be important? The younger generations care even more about social impact issues, so consider us on a tricycle now so that by the time Gen Z gets to pension age we’ll have cycling shoes that click into peddles.

Pensions Age | Pensions industry urged to educate members on ESG investing

Esports on the Radar

  • April 15, 2021

What’s happening? Esports has become a $1 Billion in sales industry. Add onto the revenue from events. Esports is big business and big sports that is entering the sports betting ethos.

Why is this important? Esports is starting to train like professional athletes too. Esports isn’t only kids in a basement.

How will this be important? Esports is big business that keeps growing.

@bloombergbusiness on @instagram

State Innovation Expansion Program. $10 M for Manufacturers.

  • April 15, 2021

What’s happening? Oklahoma has created the  Innovation Expansion Program within its Department of Commerce to support manufacturers that are innovating and spur investments.

Why is this important? Th program began because Oklahoma wanted to help businesses emerge from the pandemic.

How will this be important? What happens in one state will eventually be proposed in other states.

The Oklahoman via Governing | Oklahoma to Use $10 Million to Boost Investment, Innovation

Anatomy of North Carolina’s Sports Betting Bill

  • April 9, 2021

What’s happening? North Carolina is considering a sports betting bill SB 688 (2021 | NC). The bill will expand sports betting beyond the 2 tribal casinos and into online sports betting. NC Education Lottery Commission would run the show. At least 10 online sports wagering licenses would be available, but no more than 12. 8% tax on sports betting revenue. $500,000 license fee.

Why is this important? Many states are grappling with this very thing and they are all handling it differently. Lots of tools for our toolboxes, my friends.

How will this be important? If successful, it is another blueprint of how to pass sports betting a fairy red location.

Legal Sports report | NEW NORTH CAROLINA SPORTS BETTING BILL WOULD OPEN ONLINE MARKET

Pro Sports Ticket Tax Proposal

  • April 9, 2021

What’s happening? Nevada is considering SB 367 (2021 | NV) that removes the sales tax exemption for professional sports tickets. Professional sports tickets ahem been exempt from the liven entertainment tax since 2015. The tax applies to events with more than 200 attendees.

Why is this important? The raiders say the tax could harm expansion for the Las Vegas team.

How will this be important? All states are identifying new ways to impose new or amended taxes. Keep it in your memory vault.

Las Vegas Review Journal | Proposed ticket tax could block pro sports expansion, Knights, Raiders say

+1 State Increases the Gas Tax with a Republican Counter Offer

  • April 9, 2021

What’s happening? Minnesota legislators voted to increase the state gas tax by 5 cents. Republicans countered the bill with an increase in the sales tax for auto parts.

Why is this important? gas tax revenues have been in decline because of fuel efficiency, low gas prices and less driving during the pandemic.

How will this be important? ll states are grappling with declining gas tax revenues.

Pine Journal | Minnesota panel green-lights 5-cent gas tax hike for road, bridge repairs

COVID Effect. +2 States Retain Alcohol Sales to go. Alcohol Delivered.

  • April 8, 2021

What’s happening? Alabama S126 (AL- 2021) and Texas are both seeing alcohol to go sales moving through their legislative chambers.

Why is this important? The pandemic led Governors to loosen certain regulatory restrictions, which created a pilot program of sorts to test how will the state operate if we loosen these rules. Turns out, it will be A-OK. So now those looser rules are getting codified.

How will this be important? The new economy will continue to be a reassessment of the old rules. Just because we always did it that way, doesn’t mean that way was the right way.

AL.com | Alabama alcohol delivery bill awaits Kay Ivey’s signature

Collecting a Vehicle Fee to Build Charging Stations

  • March 26, 2021

What’s happening? Florida Senate is moving SB138 (2021 | FL) that will use it’s $135 EV fee to create the Electric Vehicle Infrastructure Grant Program to help pay to install the charging stations.

Why is this important? The bill has an economic development component for the EV infrastructure building and will split funds between the Florida Department of Transportation and local governments, with counties getting 36% to make up for lost gas tax revenue.

How will this be important? Building out EV charging station infrastructure is big business. “This is going to create a very large industry,” said Sen. Tom Wright, R-New Smyrna Beach. 

Tallahassee Democrat | Florida Senate panel approves new fee to build electric vehicle charging stations

Colorado’s Proposed Insurance Premium Fee for Disasters

  • March 26, 2021

What’s happening? Colorado is considering the Natural Disaster Mitigation Enterprise, HB21-1208 (2021 | Co) that would add a $1.25 per every $1,000 in premiums to create the state-run natural disaster mitigation enterprise fund that would help communities finance necessary work to lessen or prevent future catastrophes. 

Why is this important? Mitigating disasters is big talk and big work in state legislatures.

How will this be important? The pacing of “disasters” seems to be increasing.

The Colorado Sun | Could a new insurance-premium fee prevent Colorado’s next big natural disaster? Some lawmakers say yes.