Washington To Do Away With 37% Medical Cannabis Tax
Washington state lawmakers “recently passed a bill that would exempt medical marijuana patients and designated providers from a 37% excise tax.” according to forbes. Passage of the bill would eliminate…
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Santa Barbara County, California to Implement ‘Death Penalty’ Tax Rule
Santa Barbara County officials are tightening rules to force cannabis businesses to pay taxes. On June 27, the Santa Barbara County Board of Supervisors approved tougher penalties for cannabis businesses…
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California Agency Awards Over $50 Million in Cannabis Tax Funds to 31 Organizations
of California Governor’s Office of Business and Economic Development (GO-Biz) announced on May 25 that it will again give a small number of subsidies to various health departments and nonprofits.…
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New Jersey Governor Signs Bill Extending Tax Deductions to Cannabis Companies
New Jersey Governor Phil Murphy signed into law this week giving licensed cannabis businesses a standard business tax credit, aimed at making the state’s regulated marijuana industry more viable. The…
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Montana Lawmakers Approve Cannabis Tax Bill
On Monday, lawmakers in Montana passed a bill to allocate tax revenues to recreational marijuana and sent the bill to the desk of Republican Gov. Greg Gianforte for consideration. law,…
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Connecticut Bill Would Allow State Tax Deductions for Cannabis Businesses
A bill pending in the Connecticut legislature would allow companies in the state’s nascent cannabis industry to receive tax credits commonly enjoyed by companies in other industries. If passed, the…
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House Lawmakers Introduce Bipartisan Cannabis Business Tax Relief Bill
Oregon Rep. Earl Blumenauer introduced legislation in the U.S. House of Representatives this week that would allow regulated cannabis businesses to receive tax credits commonly enjoyed by companies in other…
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Top New York Democrats Seek To Change Cannabis Tax
A pair of influential New York legislators are trying to reform the state’s tax system for the sale of adult-use cannabis, but it’s too complicated right now, they say. State…
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Sonoma, California Ease Tax Burden for County Weed Farmers
Officials in Sonoma, Calif., moved this week to offer tax breaks to cannabis growers in the area. This is another decision driven by the ongoing economic struggles of the state’s…
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Los Angeles County Voters Approve Cannabis Tax
Approved by voters in Los Angeles County, California Countermeasure C On Tuesday, obtaining permits will impose a tax structure on businesses in unincorporated areas of the county. los angeles daily…
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Hawaii Lawmaker Says Tax Revenue Won’t Cover Costs of Legal Adult-Use Cannabis
A recent report by the Hawaii State Department of Taxation found that legalizing adult-use marijuana in the state would generate approximately $50 million in tax revenue annually, adding to the…
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Cannabis Had Highest Tax Revenue in Colorado and Washington Over Alcohol, Cigarettes
A new report from tax policy center Colorado’s cannabis tax revenue is seven times higher than alcohol’s, showing that Washington earned $559 million from cannabis-related taxes. Those two of her…
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Illinois Trumpets 50% Rise in Adult-Use Pot Sales, Tax Revenue
The Illinois Adult Cannabis Program is 50-50 years old. So that sales will increase by 50% and tax revenue will increase by 50%. Governor beat the numbers publication “The total…
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California BIPOC Cannabis Operators Rally in Sacramento for Tax Relief
A group of licensed cannabis business owners gathered on the steps of the California Capitol on Thursday to pay attention to the impact of high cannabis taxes on independent entrepreneurs.…
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