The U.S. Census Bureau reports $5.7 billion in cannabis tax revenue as of the third quarter of 2021
A recent report released by the US Census Bureau shows the trend in cannabis tax revenue for each state. It is the bureau’s first report of its kind and begins in the third q
New Jersey’s Cannabis Tax Revenue Allocates $5 Million To Prevent Violence
New Jersey Governor Phil Murphy and Attorney General Matthew J. Platkin recently announced an initiative totaling $15 million to support Community-Based Violence Intervention (CBVI
New report shows Colorado cannabis tax revenue exceeds tobacco and alcohol revenue
The Colorado Legislative Council Staff (LCS), dubbed the “bipartisan research arm of the Colorado General Assembly,” released a report on Aug. 16 detailing how cannabis
Executives reintroduce Boston Tea Party to protest cannabis tax rule
Executives at a Massachusetts-based cannabis company dressed in colonial robes board a ship in Boston Harbor on Wednesday to protest an IRS rule that requires regulated marijuana c
Santa Barbara County, California introduces the “death penalty” tax rule
Santa Barbara County officials are tightening rules to keep cannabis companies on track with their tax payments. On June 27, the Santa Barbara County Board of Supervisors approved
California agency awards over $50 million in cannabis tax dollars to 31 organizations
The California Governor’s Office for Business and Economic Development (GO-Biz) announced it is again awarding a handful of grants to various public health agencies and nonpr
New Jersey Gov. Signs Bill Extending Tax Withdrawals to Cannabis Companies
New Jersey Gov. Phil Murphy signed legislation this week granting licensed cannabis companies standard business tax deductions to improve the profitability of the state’s reg
Montana lawmakers approve Cannabis Tax Act
The Montana legislature on Monday passed legislation to allocate revenue from recreational marijuana taxes and sent the bill to Republican Gov. Greg Gianforte’s desk for cons
House lawmakers introduce bipartisan tax break legislation for cannabis companies
Oregon Representative Earl Blumenauer introduced legislation this week in the US House of Representatives that would allow regulated cannabis companies to take tax deductions that
Connecticut Bill would allow state tax deductions for cannabis companies
A bill pending before the Connecticut state legislature would allow companies in the state’s burgeoning cannabis industry to take tax deductions that companies in other indus
Leading New York Democrats are trying to change the cannabis tax
Two influential New York lawmakers are attempting to overhaul the state’s tax structure for the sale of adult-use cannabis, which they say is currently overly complicated. Cr
Sonoma, California is easing the tax burden for weed farmers in the county
Officials in Sonoma, California, moved this week to grant tax breaks to the area’s cannabis growers, another decision driven by the ongoing economic struggles of the state
Cannabis Market Crash Fallout – Cities and communities brace for falling tax revenues from weed sales
The expected drop in tax revenue from cannabis sales in cities like San Diego is a concern for city officials, who are bracing for a significant budget cut. As California’s r
Washington lawmakers are proposing tax hikes on higher-potency weed
Cannabis users in Washington state could soon be subject to a “thanks tax”. Legislators there have introduced a bill that would tax marijuana products based on the perc
The higher the THC content, the higher the state tax?
As the legal cannabis industry begins to flourish, a new threat looms on the horizon: the dreaded potency tax. Retailers and consumers alike would feel the crisis as products highe
This state expects over $30 million in weed tax revenue, making it more profitable than alcohol
Through Nina Zdinjak Which vice brings in more taxes – weed or alcohol? It depends on the state, the local trend and the taxes that are imposed. But with the legalization of
Los Angeles is raising cannabis tax rates to keep California’s illegal market alive
Los Angeles County voters overwhelmingly voted in favor of a measure that will impose business taxes on cannabis operations operating in unincorporated regions after such operation
Los Angeles County voters approve cannabis tax
Los Angeles County voters in California on Tuesday approved Measure C, which will impose a tax structure on businesses in unincorporated areas of the county once they receive permi
Hawaii says they won’t raise enough tax revenue to cover the costs associated with a recreational cannabis market
Based on a recent agency report, the Hawaii State Internal Revenue Service estimates that legalizing cannabis for adult use would generate approximately $50 million in tax revenue
Hawaii lawmakers say tax revenues will not cover the cost of legal adult cannabis use
The Hawaii State Internal Revenue Service estimates that legalizing adult-use cannabis in the state would generate approximately $50 million annually in tax revenue, surpassing the