Cannabis tax revenues are fueling universal basic income initiatives in US cities
Several US cities include the use of cannabist revenue to finance UBI programs (Universal Basic Income). Albuquerques groundbreaking UBI program Albuquerque, New Mexico, started a
The California legislators coordinate for the cancellation of the upcoming cannabis consumption tax increase
The California cannabis market has suspended some growing pain – and taxes have played a major role. In 2022, governor Gavin Newsom signed the assembly law 195, which elimina
In New Jersey, $ 6 million in social capital -Cannabis tax funds are not used
New Jersey (CRC )'s cannabis regulatory commission showed that 6 million US dollars of social capital tax funds that were collected on the legal marijuana market are still not
Maine Towns is pushing to achieve a reduction in cannabist tax revenue
Maine's leisure kannabism market has brought in millions in the millions, but the local communities still have to see none of it. A new invoice, LD 347, aims to change this by
Two US senators have merged with prohibitionists to block the tax relief of 280e for cannabis companies
Just when the cannabis industry believed that tax relief was on the horizon, two US sensors throw a wrench on the plan. Senatorers James Lankford (R-OK) and Pete Ricketts (Rn) have
The California cannabis industry faces an unsafe future in the middle of the proposed tax increase
The California cannabis industry, which has already been struggling with high operating costs and market instability, can be another major hurdle – high taxes. The legislator
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