New York GOP Gubernatorial Candidate Supports Adult-Use Cannabis Program
Tue / Jan 16th
During a press conference in Buffalo, New York, Republican gubernatorial hopeful Joel Giambra pitched cannabis legalization tax revenues as a… 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 Cannabis Sales Decline in November; Still Mark Second Highest Totals
Thu / Jan 4th
Alaska’s cannabis sales posted their first decline in November 2017 after setting sales records in October, the Juneau Empire reports.… Read More
Nevada Cannabis Sales Set New State Record in October
Wed / Dec 27th
Nevada’s combined cannabis sales reached a new high in October, totaling $37.9 million, the Las Vegas Review-Journal reports. The state… Read More
Colorado Revenue Department Releases ‘Highly Desired’ Data Trove
Thu / Dec 14th
The Colorado Department of Revenue is now releasing the state’s cannabis sales data from Jan. 2014 to the present and… Read More
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
Alaska’s Cannabis-Derived Tax Revenues Set Single-Month Record at One-Year Mark
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
Colorado Budget Committee Anticipating Less Cannabis Tax Money Following Sales Tax Changes
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
Canadian Government Proposes $1 Per Gram Federal Cannabis Tax
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
Delaware Cannabis Legalization Task Force Estimates $9M-$20M in Revenues
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
Report: California Cannabis Taxes Could Hit 45%
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
Nevada Adult-Use Cannabis Sales Top $33M in Second Month
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
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
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