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
Cannabis had the highest tax revenue in Colorado and Washington versus alcohol and cigarettes
A new report from the Tax Policy Center shows that cannabis tax revenues in Colorado were seven times higher than alcohol revenues, and Washington earned $559 million in cannabis-r
Cannabis legalization is a boon to real estate, new jobs and tax revenue, new data shows
Through Jelena Martinovic A new report from the Federal Reserve Bank sheds light on the economic impact of marijuana legalization in recent years, reports Marijuana Moment. Policy
Which two states receive more tax revenue from the sale of marijuana than from the sale of alcohol or tobacco?
Cannabis sales generated more revenue for Colorado and Washington State in fiscal 2022 than alcohol or cigarette sales. In eight other states, marijuana tax revenues surpassed thos
These Two States Received More Tax Money From Weed Than From Alcohol Or Cigarettes
With every new year, legal marijuana states prove that the plant is a good source of income. In the Fiscal Year 2022, the states of Washington and Colorado had more revenue from ca
$10.4 billion in tax revenue from legal cannabis sales, but where is all that money going?
The financial aspect of the cannabis industry is certainly getting a lot of attention lately, and it’s easy to see why. As the industry grows at an amazing rate, many states
These doctors want marijuana to be illegal again, and this state has broken a record in cannabis tax revenue
183 Through Jelena Martinovic *** Thailand became the first Southeast Asian country to decriminalize marijuana last month after the government removed the substance from its Catego
Illinois Trumpets 50% increase in adult pot sales, tax revenue
It’s been a 50-50 year for the adult cannabis program in Illinois. Like a 50% increase in sales and a 50% increase in tax revenue. The state governor released the numbers Mon
Where does cannabis tax money go?
Cannabis tax dollars: Tackling homelessness, bullying and more If you live in a cannabis legal state, chances are you are affected in at least one way by cannabis industry revenues
Is California’s Crop Tax Cut Too Little, Too Late?
After four years of exhaustive efforts, Californian leaders abolished the cultivation tax along with other changes, giving cultivators a little breather. But is the plan just shift
The NC Senate is prioritizing personal income tax over Medicaid expansion and medical marijuana legalization
Through Johanna Skopl State Senate Chairman Phil Berger (R-Rockingham) expressed his support for halving the state’s income tax rate as lawmakers prepare the upcoming budget
California BIPOC cannabis operators rally in Sacramento for tax breaks
A group of licensed cannabis entrepreneurs gathered on the steps of California’s capital on Thursday to raise awareness of the impact of high cannabis taxes on independent en
California uses cannabis tax revenues to give $35.5 million to community organizations
The California Governor’s Office of Business and Economic Development (also known as GO-Biz) announced on June 1 that it would award $35.5 million worth of cannabis tax reven
California Gov. Gavin Newsom adds tax cuts to revised budget proposal
Newsom announced the revision proposal on May 13, which aims to allocate $150 million to “temporarily lower taxes” and simplify the tax structure, while $21 million wil
Federally illegal marijuana brought in nearly $4,000,000,000 in tax revenue in 2021, but how can that be when it’s illegal?
Nearly $4 Billion Taken In Cannabis Tax Revenue By States In 2021 – How Are States Using That Money? A new report from the Marijuana Policy Project (MPP) revealed that states