Browsing Tag
Taxes
66 posts
Massachusetts Brings in More than $150 Million in Cannabis Tax Money
Massachusetts is seeing the financial benefits of legalized cannabis.
A Dozen Unlicensed Los Angeles Dispensaries Slapped with Tax Evasion
The California Department of Tax and Fee Administration is not playing games anymore when it comes to dispensaries that dodge taxes.
California Cannabis Taxes Top $1 Billion
Critics say that California's cannabis tax is way too high.
California Analysts Propose Taxing Cannabis Based on Potency
Could Californians soon need to pay more for stronger bud?
California Officials Will Raise Cannabis Cultivation Taxes On New Year’s Day
Licensed cannabis business in the Golden State are about to pay even more in taxes.
California Cannabis Tax Revenue Isn’t Going To Youth Programs—Yet
There hasn't been enough money to fund youth programs. But that could be changing.
Michigan Predicts Over $18 Million in Medical Marijuana Tax Revenue This Year
Already, the state takes in more revenue in taxes and fees than it needs for operating costs.
California Lawmakers Consider Reducing Pot Tax to Compete with Illicit Markets
California Democratic Assemblyman Rob Bonta's bill would cut excise taxes down to 11 percent and eliminate cultivation taxes through 2022.
Medical Cannabis Raked in Nearly $70K in Tax Revenue in Oklahoma in December
Oklahoma patients pay one of the highest tax rates on medical cannabis in the country.
New York Legalization Advocates Suggest Using Pot Tax Revenue to Fix Subway
Legal weed won't pay to fix the subway on its own, but it would make an important and potentially transformative contribution.
The IRS is Reportedly Overwhelmed by Cash Payments from Marijuana Businesses
Federal prohibition means virtually no access to basic financial services, forcing legal weed companies to pay their taxes in cash.
Cannabis Group Predicts Michigan Could See Multimillion Dollar Pot Industry
Ahead of the November polls, a pro-legalization group foresees a green future if voters decide to legalize cannabis.
53 Percent of NJ Voters Say Yes to Recreational Weed If It Lowers Taxes
For residents of the Garden State, lower taxes could be a point of interest in the question of legal recreational cannabis.
Montana Collects $1.8 Million in Medical Cannabis Tax Revenue in First Year
In its first year of taxing the medical marijuana industry, Montana raked in over a million dollars in revenue.
Tax Revenue from California’s Legal Marijuana Falls Short of Estimates
Why is California's tax revenue from legal marijuana not meeting expectations?
Nevada’s Marijuana Tax Revenue Expected to Reach $70 Million This Year
With taxes on cultivators, retail sales, and for medical and retail customers, Nevada is raking in revenue from legal cannabis.
Alaska Raked in $11 Million in Marijuana Tax Revenue This Year
This fiscal year, the tax revenue from marijuana sales has exceeded expectations.
PA’s Auditor General Predicts Legal Pot Would Bring In Over $500 Million a Year
The Auditor General's special report builds on the momentum of successful decriminalization efforts in Pittsburgh and Philadelphia.
California City Lowers Its Sales Tax on Recreational Cannabis
This California city lowers its sales tax on recreational cannabis to keep buyers away from the black market.
600 Students Will Receive College Scholarships Thanks To Marijuana
When 600 students will receive college scholarships thanks to marijuana, legalization is hard to oppose.