Canadian Provinces to Receive 75% of Cannabis Tax Revenues
Wed / Dec 13th
Under a new deal with the federal government, Canadian provinces will receive 75 percent of taxes derived from the legalized… Read More
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.
Wed / Dec 13th
Under a new deal with the federal government, Canadian provinces will receive 75 percent of taxes derived from the legalized… Read More
Wed / Dec 6th
At the one-year mark, recreational cannabis sales taxes in Alaska reached $953,591 in the month of October, setting a new… Read More
Mon / Nov 27th
According to a report by the Colorado Legislature’s Joint Budget Committee, cannabis tax revenues in Colorado are expected to be about… Read More
Tue / Nov 14th
With Canada’s legalization date looming, North America’s northernmost nation is laying the groundwork for what will soon be the world’s… Read More
Fri / Nov 3rd
A cannabis legalization task force in Delaware suggests that the state could raise between $9 million and more than $70… Read More
Wed / Nov 1st
According to a Fitch Ratings report, cannabis taxes in California could reach as high as 45 percent in parts of… Read More
Thu / Oct 26th
In an interview with the Cannabist, Nevada Department of Taxation head Deonne Contine disclosed the state had sold more than… Read More
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
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
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
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
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
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
Thu / Sep 7th
In the U.S., legal cannabis — medical and recreational — is a multi billion dollar industry which deals almost exclusively… Read More
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
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
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
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
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
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
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
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
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
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
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