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
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.
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
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
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