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
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.
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
Colorado Tax Revenues Set to Reach $125 Million in 2015
Thu / Sep 24th
Colorado pot tax revenues may have fallen short of expectations in 2014, but things have certainly turned around this year.… Read More
Colorado Pot Taxes for Schools Jump Significantly in 2015
Thu / Jul 16th
The Colorado Department of Revenue has released marijuana tax numbers for May 2015, and the state’s education sector is celebrating.… Read More
Washington Collects $70 Million in Taxes During First Year of Legal Marijuana Sales
Mon / Jul 6th
Since Washington launched its recreational marijuana market a year ago, some 160 pot shops have opened up across the state,… Read More
Colorado Governor Signs Permanent Cannabis Tax Break And Tax Holiday
Tue / Jun 9th
Colorado Governor John Hickenlooper approved a bill on Thursday that cuts the tax on recreational cannabis from 10% to 8%.… Read More
Bill to Reform Federal Taxes for Marijuana Businesses Proposed by Oregon Legislators
Thu / Apr 9th
U.S. Senator Ron Wyden (D-OR) and Congressman Earl Blumenauer (D-OR 3rd District) have announced a bill that would lessen the… Read More
Washington Senate Passes Bill to Restructure Legal Marijuana Taxes
Fri / Apr 3rd
The Washington state Senate has approved a bill that would change the current tax structure for recreational cannabis. As it… Read More
Colorado Government Will Ask to Keep $60 Million Marijuana Tax Refund
Thu / Apr 2nd
It appears that Colorado’s initial revenue estimates for last year were too low, and now state lawmakers are scrambling to keep… Read More
IRS to Refund Denver Dispensary for Tax Fines
Wed / Mar 25th
The Internal Revenue Service has stated that it will refund a Denver medical marijuana dispensary that paid its taxes in… Read More
Washington State Received $16 Million In Marijuana Taxes for 2014
Sat / Jan 3rd
2014 was a big year for marijuana. The Washington state recreational marijuana market garnered $16 million in excise tax revenue for the… Read More
The Raw Deal on Pot and Taxes
Tue / Aug 26th
From Washington State to Washington, D.C. much vital debate and legal reform has emerged among cannabis retailers, banking institutions, local… Read More
Washington’s Retail Marijuana Market Generates $615K in Taxes During First Three Weeks
Fri / Aug 1st
In the first three weeks of Washington’s legal marijuana sales, the state reportedly earned $614,985 in excise taxes on the… Read More
Colorado Receives $3.2 Million in Marijuana Taxes for February
Thu / Apr 17th
Colorado state, according to figures released by state authorities, earned $3.2 million in marijuana tax revenue during the month of… Read More
$2.4 Million to Colorado in Recreational Marijuana Tax Revenue
Thu / Mar 13th
The numbers are in, and Colorado has reportedly earned a whopping $2.4 million from recreational marijuana tax revenue for the… Read More