Browsing Tag
Taxes
80 posts
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.
February 13, 2019
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.
January 30, 2019
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.
January 17, 2019
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.
December 5, 2018
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.
November 16, 2018
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.
October 1, 2018
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.
September 11, 2018
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.
August 31, 2018
Tax Revenue from California’s Legal Marijuana Falls Short of Estimates
Why is California's tax revenue from legal marijuana not meeting expectations?
August 16, 2018
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.
August 6, 2018