Cannabis tax money sent to Michigan municipalities and counties
On March 24, the Michigan Department of Treasury announced that $42.2 million in cannabis excise tax funds would be awarded to various Michigan cities, towns and counties. These fu
New York’s potency tax could result in very expensive weed – here’s how much
Buying legal marijuana in New York is about to become a reality as the state legalizes recreational use in 2021. Now, new reports say the Empire State could impose a potency tax th
Drop the 25% cannabis tax, Senator Schumer!
This article originally appeared on Cannabis.net and has been republished with permission. The vast majority of Americans want legal cannabis at the federal level, and there are nu
Cannabis tax revenues bring $31 million to Arizona community colleges
Ten community colleges in Arizona recently received $31 million in recreational cannabis tax funds, the Associated Press reports. Arizona’s recreational cannabis law provides
Is Medical Marijuana Tax Deductible? IRS creates clarity
By Jelena Martinovic As we all know, the marijuana industry has grown significantly in recent years, with sales projected to reach $25 billion by 2025. Sales growth was fueled by m
Massachusetts Now Makes More Tax Revenue from Weed than Alcohol, So Why are Some Politicians Still Against Legalization?
The government of Massachusetts has revealed that it is generating more tax revenues from its marijuana industry than its alcohol sector. The state disclosed that it made $74 milli
New York projects $1.25 billion in pot tax revenue over six years
New York is poised to receive $1.25 billion in revenue from taxes on legal cannabis sales, according to a budget forecast by Democratic Gov. Kathy Hochul released Tuesday. The reve
Capitol Rally to Bring the Cannabis Tax Crisis to California Legislature’s Doorstep
A chorus of industry representatives and lawmakers representing “the two populations most harmed by the war on drugs” – veteran farmers and BIPOC leaders –
The California government signals tax reform as the marijuana industry struggles with state regulations
By Nina Zdinjak California Governor Gavin Newsom is finally considering cannabis tax reform to prevent a possible industry rebellion and / or the collapse of the state’s lega
The answer is $ 10.4 billion – the question is, how much tax revenue was collected from legal marijuana sales in America?
The answer is $ 10.4 billion – the question is how much tax revenue has been made from legal marijuana sales in America since Colorado started selling cannabis in 2014? Great
That’s how much tax revenue was collected from legal marijuana sales in America
This article originally appeared on Cannabis.net and was republished with permission. How much tax revenue has been collected from legal marijuana sales in the US since Colorado be
Will the tax exemption of cannabis encourage people to move from the illegal market to the legal market?
The San Francisco city government has unanimously voted to remove cannabis taxes for the next 13 months. This proactive decree aims to cripple the illegal cannabis market in the st
Germany is legalizing the sale of cannabis – a move that could generate $ 3.85 billion in annual tax revenue
By Nina Zdinjak Germany could be the next country in Europe to legalize adult cannabis. In October this year, Luxembourg gave the green light to the legal cultivation of cannabis f
GOP lawmakers officially file cannabis legalization law and join the Dems to regulate and tax cannabis
By Maureen Meehan Rep. Nancy Mace (R-SC) officially puts forward her cannabis legalization plan, the State Reform Act, endorsed by at least half a dozen Republicans, which will leg
Colorado is now preparing to adjust its tax system to accommodate state legalization in the future
https://www.westword.com/marijuana/colorado-changing-marijuana-cultivation-taxes-federal-legalization-anticipation-12602319 I know every hippie since the 1960s has been saying,
Colorado votes against increasing the cannabis tax to support educational programs
This article originally appeared on Benzinga and was republished with permission. By Nina Zdinjak A vote that would impose higher taxes on cannabis to fund education programs in Co
Artisan farmers are pushing for excise tax reform in Canada
The founder of a cannabis company in BC is trying to raise awareness of an issue that many in the industry say is threatening to put small cannabis companies out of business. Accor
California’s marijuana tax revenue tops $ 800 million in a record year
Since California first legalized cannabis in 1996, the state has been on an upward trend in generating income from the substance. California has set new records with its cannabis s
Has marijuana tax revenue fallen below the mark in many states?
If you want to make the headlines, talk about cannabis. At least that is what Glenn Youngkin found out when he made the following comment; “Don’t rely on the proceeds of le
25% federal marijuana tax, too few votes, blocking the Safe Banking Act
What we learned from our first real attempt to legalize marijuana federally in America Senator Shumer and Senator Booker have published their first attempt at federal marijuana leg