Showing 58 articles for
taxes

Maine Lawmakers Propose 20% Sales Tax on Adult-Use Cannabis

Maine lawmakers want to double the recreational marijuana sales tax to 20 percent. The Legislature's marijuana legalization committee will consider the issue Sept. 26.

Colorado Cannabis Sales Funnel $9.2M Into School Health Programs

Colorado schools will receive $9.2 million in funds to pay for school health programs, including those designed to prevent underage cannabis use.

Inside a Nerve-Rattling Trip to Pay Cannabis Taxes in Los Angeles

California expects to collect $1 billion a year in new cannabis tax revenue. But governments will likely miss out on money without an easy, secure way to pay.

Puerto Rico Betting on Medical Marijuana to Help Ease Crisis

The island's treasury secretary says the medical cannabis industry could generate up to $100 million a year and help ease an unemployment rate of around 12%.

A Brief Guide to Massachusetts’ New Cannabis Law

Gov. Charlie Baker signed a sweeping cannabis bill into law, marking a milestone in a battle that began when voters approved adult-use legalization in November.

Maine Panel Mulls Doubling 10% Tax on Cannabis

As the legalization of recreational marijuana sales in Maine nears, a legislative panel has spent months pondering the best way to tax cannabis.

Colorado Has Brought in a Cool Half-Billion in Cannabis Taxes

With legal, regulated markets in legal states continuing to grow, it can sometimes feel like sales records are broken every week.

Colorado County Gives High School Graduates $420K in Cannabis-Funded Scholarships

Colorado’s cannabis industry has now helped give $420,000 in scholarships to 210 Pueblo County high school graduates.

Cannabis Tax Rates: A State-By-State Guide

This guide walks you through each legal state's cannabis sales, excise, and wholesale taxes on both medical and adult-use cannabis.

Massachusetts Bill Would Double Cannabis Tax, Globe Reports

House leaders in Massachusetts are expected to unveil a bill Wednesday that will double the existing tax rate on adult-use cannabis.

Colorado Cannabis Market Funds Busts of Illegal Growers

Colorado notched another cannabis first Thursday when the state began using marijuana taxes to fund efforts to crack down on illegal cultivation.

Nevada Lawmakers Set Cannabis Tax: 10% Retail, 15% Wholesale

Just a day ahead of the state legislature’s final deadline, Nevada lawmakers struck a deal to set the state's cannabis tax rate.

Canada to Legalize Marijuana. Here’s What You Need to Know

Canada has unveiled legislation to legalize cannabis for adults! From dispensaries to home grow, here's what you need to know.

With Big Banks Absent, IRS Gears up for Flood of Tax Cash

For cannabis businesses looking to make timely payments to the tax man, a new program is a welcome gesture—even if it won’t actually help many people.

Colorado Weighs Strategy to Guard Against Federal Cannabis Crackdown

Colorado is considering an unusual strategy to protect its cannabis industry from a federal crackdown, but it would cost hundreds of millions of dollars in taxes.

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