Economist Speculates California Legalization Won’t Be Immediate Economic Boon
Fri / Oct 7th
A UCLA economist disputes Yes on 64 predictions that a recreational cannabis market will be worth $1 billion to the… 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.
Cannabis Taxes to Fund Anti-Bullying Programs in Colorado Schools
Thu / Sep 29th
Surplus cannabis tax revenues in Colorado will fund a new bully prevention program, according to a KMGH-7 report. The state… Read More
Recreational Cannabis Daily Sales and Production Set Record Highs in WA
Mon / Sep 5th
Recreational cannabis sales in Washington State topped $130 million in August, according to recent data from the state Liquor and… Read More
Bill Offering Limited Tax Amnesty to CA Dispensaries Ready for Gov.’s Signature
Thu / Sep 1st
A bill that would provide tax amnesty to medical marijuana shops in California who have yet to pay their taxes… Read More
Oregon Nets $25.5M in Recreational Cannabis Taxes During First Six Months
Tue / Aug 23rd
Oregon collected $25.5 million in tax payments from the recreational marijuana industry in the second quarter, the Associated Press reports.… Read More
Bill Allowing CA MMJ Industry to Pay Taxes in Cash Heads to Governor
Mon / Aug 22nd
A California bill allowing medical marijuana dispensary owners to pay their taxes in cash has been sent to Gov. Jerry Brown… Read More
Solano County, CA Board Approves Cannabis Tax Ballot Measure
Wed / Aug 10th
Yet another California county is looking to cash in on the potential “green rush” if voters approve the ballot measure… Read More
Two More California Cities Sending Cannabis Tax Question to Voters
Fri / Jul 29th
Two more California municipalities have proposed ballot measures to tax cannabis if state voters decide to legalize recreational cannabis by passing… Read More
Cloverdale, CA Likely to See Cannabis Tax on November Ballots
Thu / Jul 28th
Cloverdale, California’s City Council has informally agreed to a ballot measure that, if passed, would approve a tax on cannabis… Read More
L.A. County Likely Abandoning Cannabis Tax to Fund Homeless Services
Mon / Jul 25th
Los Angeles County’s “marijuana tax” to fund programs aimed at providing homeless services is likely going to be scrapped by… Read More
Understanding Internal Revenue Code Section 280E, Part 3
Fri / Jul 22nd
This is Part 3 of our three-part series covering the Internal Revenue Code Section 280E. If you haven’t already, you… Read More
Understanding Internal Revenue Code Section 280E, Part 2
Wed / Jul 20th
This is the second installment of our series investigating Section 280E of the Internal Revenue Code (IRC). In Part 1,… Read More
Understanding Internal Revenue Code Section 280E, Part 1
Mon / Jul 18th
As of the writing of this piece, certain marijuana-related activities have been legalized in 25 states and the District of… Read More
Marijuana Tax for Homeless Services to Appear On L.A.’s November Ballot
Thu / Jul 14th
Los Angeles County’s Board of Supervisors approved a ballot measure last Tuesday that would levy a 10 percent tax on… Read More
Washington Rec. Sales Have Surpassed $1 Billion
Tue / Jul 12th
Washington’s recreational cannabis industry has sold more than $1 billion worth of cannabis since the legal market’s launch in 2014,… Read More
Portlanders to Vote on 3% Cannabis Tax Increase
Thu / Jun 23rd
Following unanimous decision by the Portland City Council yesterday, city voters will decide this November whether or not to embrace a… Read More
Michigan’s Office of the Auditor General to Audit State Medical Cannabis Program
Tue / May 31st
Michigan’s Office of the Auditor General will evaluate the Michigan Medical Marihuana Program (MMMP) to determine “the effectiveness of MMMP’s… Read More
Oregon Earns $3.48 Million in January Cannabis Sales Tax
Fri / Mar 18th
Oregon has earned $3.48 million in recreational cannabis sales tax from the month of January, Noelle Crombie reports for The Oregonian. This… Read More
Cannabis Excise Tax Successfully Generating Funds for Colorado Public Schools
Thu / Mar 10th
A 15% excise tax on recreational cannabis sales was one of many provisions in Colorado’s Amendment 64, the legalization law that took effect statewide… Read More
Oregon Senate Approves Bill Allowing Cannabis Retailers to Sell Tax-Free MMJ
Wed / Feb 24th
The Oregon Senate passed a law yesterday to allow licensed recreational cannabis retailers to sell tax-free medical-grade pot to registered patients. Senate Bill… Read More
Oregon Dispensaries Procrastinate Recreational Tax Registrations
Mon / Feb 22nd
Medical cannabis dispensaries in Oregon that sell recreational cannabis must pay their first taxes by February 29th. Nearly 25 percent… Read More
California Lawmaker Introduces New Bill for 15 Percent Tax on MMJ
Thu / Feb 11th
Under a new bill introduced Wednesday by state Senator Mike McGuire (D-Healdsburg), called the Marijuana Value Tax Act, California would… Read More
Oregon Cannabis Sales Taxes Begin Jan. 4th
Wed / Dec 30th
Oregon’s marijuana sales tax holiday will come to an end on January 4th, when a 25% tax will kick in… Read More
Colorado Voters to Decide Whether to Refund Cannabis Tax Money
Tue / Nov 3rd
Colorado voters will decide next week whether the $66 million in marijuana taxes collected this year will be kept by… Read More