Cannabis Sales in Washington Reach $1B So Far in 2017
Wed / Oct 25th
According to new figures by the Washington State Liquor and Cannabis Board, cannabis sales in the state have reached more… Read More
Taxes
With legalization, federal, state and local governments have seen how much revenue marijuana taxes can bring in. Taxation of cannabis businesses is highly lucrative and as the market continues to grow many tax laws are changing to adapt to this increase. Below are articles and insights regarding marijuana taxes.
New Frontier Data Partners with Public Accounting Firm for Cannabis-Tax Reports
Thu / Oct 19th
CohnReznick LLP, one of the largest public accounting firms in the U.S., is partnering with New Frontier Data, which provides… Read More
Oregon School Fund Nets 40% of Cannabis Sales Tax Revenues
Mon / Oct 9th
Oregon public schools will reap 40 percent of the state’s cannabis-derived tax revenues collected from January 2016 to August 2017,… Read More
Trudeau Supports 10% Tax on Legal Cannabis Sales
Thu / Oct 5th
Canadian Prime Minister Justin Trudeau has proposed levying a C$1 tax (80 cents USD) on adult use cannabis sold for… Read More
Analysts Suggest Massachusetts Cannabis Industry Could Reach $450M During First Year
Mon / Oct 2nd
Analysts from New Frontier Data project Massachusetts’ legal cannabis industry could be worth $450 million during the first year of… Read More
Maine Lawmakers Seek 10% Excise Tax on Retail Sales
Wed / Sep 13th
Lawmakers in Maine are seeking to add a 10 percent excise tax on retail cannabis sales, bringing the total rate… Read More
Dirty Green Dollars: Cannabis Taxes and the Banking Predicament
Thu / Sep 7th
In the U.S., legal cannabis — medical and recreational — is a multi billion dollar industry which deals almost exclusively… Read More
Aspen, Colorado School District Spend Cannabis Tax Money on Student-Focused Social Worker
Wed / Aug 30th
The Aspen, Colorado School District has been granted $250,000 from the state’s cannabis taxes to employ an on-campus social worker… Read More
Alaska Cannabis Tax Revenues Reach New High
Wed / Aug 2nd
Tax revenues derived from Alaska’s legal cannabis industry nearly doubled from May to June, from $272,100 to $512,200 – the… Read More
Maine Lawmakers Propose Doubling Adult-Use Tax Rate
Wed / Jul 26th
Maine lawmakers have proposed raising the tax on adult-use cannabis sales to 20 percent, doubling the rate approved by voters… Read More
Colorado Cannabis Sales Top $100M for 12th Month; Total State Earnings Now Exceed $500M
Thu / Jul 20th
For the twelfth month in a row, combined medical and recreational sales in Colorado have surpassed $100 million, as the… Read More
Massachusetts Marijuana Conference Bill Would Nearly Double Rec. Market Taxes
Tue / Jul 18th
The Massachusetts Marijuana Conference Committee is seeking to raise the tax rate on the voter-approved recreational cannabis industry to 20… Read More
Nevada Rec. Dispensaries Running Out of Product
Mon / Jul 10th
Nevada’s adult-use cannabis industry has been online for about one week, yet dispensaries permitted to sell to adults are already… Read More
Alaska Nets More than $1M in Cannabis Sales Taxes
Wed / Jul 5th
Since the launch of retail cannabis sales in Alaska, the state has collected more than $1.2 million in tax revenue… Read More
Montana Health Dept. Establishes Temporary Rules for MMJ Industry
Tue / Jul 4th
Montana’s Department of Public Health and Human Services has laid out “temporary emergency rules” for the state’s medical cannabis program… Read More
The Current State of Cannabis Business
Fri / Jun 30th
One of the first things you learn in high school civics class is that there is federal law, and then… Read More
Massachusetts Legislative Leaders Hopeful for Cannabis Tax Compromise
Thu / Jun 29th
In an interview with WGBH’s “Greater Boston,” Massachusetts House Speaker Robert DeLeo indicated that the House might be willing to… Read More
Massachusetts House Speaker Pulls Rec. Bill for ‘Clean Up’
Fri / Jun 16th
Massachusetts House Speaker Robert DeLeo pulled the recreational cannabis bill from consideration yesterday, following pushback from advocates that the proposal… Read More
Massachusetts Lawmakers to Vote on Changes to Voter-Backed Cannabis Law
Wed / Jun 14th
Massachusetts lawmakers are expected to vote Thursday on a bill that would more than double the total tax on adult-use… Read More
Los Angeles Releases Rec. Industry Draft Rules
Fri / Jun 9th
The city of Los Angeles, California has released the draft rules to regulate the forthcoming recreational cannabis industry, imposing restrictions… Read More
Oregon Economist Finds First-Year Cannabis Sales On Pace with Colorado’s
Fri / Jun 9th
The Oregon Office of Economic Analysis has released its forecast for the state’s recreational cannabis revenue, projecting $156 million in… Read More
Nevada Lawmakers Finalize Cannabis Taxes, MMJ Reforms
Tue / Jun 6th
Lawmakers in Nevada are finalizing the rules under which the state’s recreational cannabis market will operate, passing a 10 percent… Read More
Montana Set to Collect MMJ Sales Taxes
Mon / Jun 5th
Beginning next month, medical cannabis sales in Montana will carry a 4 percent sales tax which could force officials at… Read More
At Least 10K Oregonians Have Dropped from MMJ Patient Count Since Rec. Adoption
Wed / May 24th
The number of registered patients in Oregon has declined significantly since voters in the state legalized cannabis use for adults… Read More