Showing 77 articles for
taxes

Proposal to Cut California Cannabis Taxes Is Dead in the Water

Proponents said the measure, which would reduce taxes for three years, was meant to speed the transition away from the illegal market and into regulated sales.

Early California Cannabis Tax Revenue Is Less Than Expected

Stores that were open did well, but there weren't many open stores. So tax revenue didn't meet the forecast.

Now the IRS Is Denying Nonprofit Status to Cannabis Industry Groups

The tax agency already hampers state-legal companies with Rule 280E. Now it's hitting industry associations, too.

California Bill Would Temporarily Cut State Cannabis Taxes

The bipartisan bill is an effort to encourage the state's transition to a legal, regulated cannabis market.

California City Cuts Cannabis Taxes, Others Expected to Follow

Berkeley was the first California city to cut its effective tax rate on marijuana businesses, just six weeks into the age of commercial marijuana sales. Experts predict more will follow.

How a Cannabis Ban Turned One California County Into ‘Ground Zero for Chaos’

Hungry for tax revenue, Calaveras County licensed hundreds of commercial cannabis farms in recent years. Now it wants them gone, leaving growers in the lurch.

GOP Senator Offers Bill to Legalize Cannabis in Kentucky

The bill was introduced a day after Republican Gov. Matt Bevin proposed spending cuts of more than 6 percent across most of state government.

Are Too Many Canadian Medical Marijuana Patients ‘Faking It’?

Are there a bunch of ‘fakers’ in Canada’s medical marijuana program? That’s what the Canadian government has suggested as it defends a new tax being imposed on the nation’s medical cannabis system.

Canada’s Cannabis Tax Plan: Good for Provinces, Bad for Patients

Recreational and medicinal cannabis will be taxed at the same level—and that has drawn heavy criticism from some politicians, physicians, and patient advocates.

280E Tax Reform Effort Still Alive, Senator Says

A Colorado Republican behind the measure said he’s still promoting it as the House and Senate hammer out differences between their tax bills.

Guess Which Industry Didn’t Get a Break in the Tax Bill

The final GOP tax bill—which is forecast to cost $1.4 trillion over the next decade—proceeded without so much as a vote on two cannabis amendments.

Proposed Tax Amendments Would Benefit Cannabis Industry

Cannabis industry leaders say it’s imperative that supporters contact their US senators to push for a pair of cannabis-friendly amendments to the Republican tax bill.

Don’t Blame Wildfires for Rising California Cannabis Prices

The North Bay wildfires devastated California cannabis country—but other factors are far more responsible for recent swings in price.

Canada Wants to Tax Medical Cannabis. Get Ready for a Fight

“Patients are struggling to afford their medicine and this tax would just compound the problem,” says Jonathan Zaid, executive director of Canadians for Fair Access to Medical Marijuana.

In California, This Candidate Hopes a Cannabis Tax Plan Boosts His Profile

John Chiang is the state treasurer, and he wants to be governor. But will his well-crafted tax plan be enough to overcome Gavin Newsom's charisma?

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