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
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.
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
Lawsuit Contends that Mendocino County Cannabis-Tax was Improperly Approved
Wed / Feb 8th
Advocates in Mendocino County, California have filed a lawsuit against officials over the cannabis tax levied on the cannabis industry… Read More
Nevada Tax Department Gets Loan to Keep Adult-Use Program on Track
Fri / Jan 27th
Nevada’s Legislative Interim Finance Committee has approved a $900,000 loan to the Department of Taxation to start the implementation of… Read More
Alaska Collects First Cannabis Taxes
Fri / Jan 6th
Alaska’s legal cannabis market earned $750,851.59 from Oct 29., the day the first store opened, to Dec. 9, according to… Read More
Strict Testing Requirements Likely to Cost Oregon $10M in Cannabis Tax Revenue, Close Businesses
Thu / Dec 1st
New product testing requirements that came into effect October 1 are squeezing Oregon’s cannabis growers and business owners harder than… Read More
Certain Cannabis Purchases Now Tax-Free in California
Fri / Nov 18th
Certain medical cannabis sales in California are now exempt from sales and use tax following the passage of Proposition 64,… Read More
Oregon Cannabis Tax Hikes Approved in Most Localities
Fri / Nov 11th
Tuesday marked major developments for legal marijuana around the U.S. — but voters in Oregon were considering a different type… Read More
Oregon Local Cannabis Tax Measures Results: Live Updates
Tue / Nov 8th
Dozens of Oregon communities are asking their voters tonight to approve a 3% retail cannabis sales tax, which would be… Read More
Aurora, CO Planning One-Third of Cannabis Tax Revenue for Homeless Programs
Mon / Oct 31st
Over the next three years, homeless outreach programs in Aurora, Colorado will receive more than $3 million to provide services… Read More
IRS Targeting ‘Top 100’ CO Cannabis Companies
Wed / Oct 26th
The IRS has opened an “aggressive” round of audits on some of the largest and most successful Colorado cannabis growers… Read More
Recreational Cannabis Sales in Oregon Top $160M
Wed / Oct 19th
Recreational cannabis sales in Oregon hit $160.8 million through the first nine months of the year, resulting in $40.2 million… Read More
Study: Cannabis Legalization is So Far ‘Positive’ or ‘Negligible’ in Legal States
Sat / Oct 15th
In states that have legalized adult cannabis use, arrests for possession have plummeted, traffic fatality rates have remained stable, there… Read More
Colorado’s August Cannabis Sales Break Previous Sales Record
Sat / Oct 15th
Colorado has done it again. Cannabis sales in August topped $126 million, surpassing the state sales record of $122.67 million… Read More