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
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.
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
Cannabis Dispensaries Fight Back Against Section 280E
Tue / May 16th
In a recent Federal District Court decision, Alpenglow Botanicals, LLC — a Colorado cannabis dispensary — protested the IRS’ disallowance… Read More
Court Rules Against Cannabis Company in Bid to Prevent IRS Audit
Wed / May 10th
The bid by an Aurora, Colorado licensed cannabis company to prevent the IRS from investigating whether it violated federal drug… Read More
Nevada Tax Department Approves Early Start, Licensing to Begin July 1
Tue / May 9th
The Nevada Tax Commission has approved the Early Start provisions for an adult-use cannabis regime that will allow the state… Read More
Montana MMJ Sales Tax Bill Heads to Gov.
Wed / Apr 26th
A bill imposing a 4 percent tax on medical cannabis sales in Montana has moved to Gov. Steve Bullock’s desk… Read More
Montana House Passes Amendments to Voter-Backed MMJ Law
Tue / Apr 11th
Montana’s House Taxation Committee added 20 amendments to a medical cannabis bill before it passed the chamber and moved to… Read More
Is This the End of Section 280E?
Mon / Apr 3rd
Recent legislation introduced in the Senate and House of Representatives would end the federal prohibition of cannabis and replace it… Read More
Cannabis Taxes: The Challenges of Running an All-Cash Business
Tue / Mar 28th
Editor’s note: This is the final installment of a three-part series about cannabis taxes and the intricacies/pitfalls of staying tax… Read More
Taxes for Cannabis Businesses: Strategies for Mitigating Section 280E
Thu / Mar 23rd
Editor’s note: This is the second installment of a three-part series about cannabis taxes and the tax hurdles faced by… Read More
Cannabis Taxes: Introduction to Marijuana Taxation
Tue / Mar 21st
Editor’s note: This article is the first installment of a three-part series; stay tuned for Parts 2 and 3 in… Read More
Bill Imposing 6% MMJ Sales Tax in Conn. Strongly Opposed at Hearing
Mon / Mar 20th
Connecticut lawmakers are considering adding a 6 percent sales tax to medical cannabis products, but the plan didn’t gain much… Read More
Montana Lawmakers Considering 6% MMJ Sales Tax
Thu / Mar 16th
Lawmakers in Montana are considering adding a 6 percent tax on medical cannabis sales which would be diverted to the… Read More
IRC §280E: A Taxing Situation for the Cannabis Industry
Wed / Feb 15th
Following the 2016 elections, cannabis is now legal in some capacity in 28 states. However, even though it’s legal in… Read More