SACRAMENTO, Calif., Feb. 10, 2017 /Weed Wire/ – Colorado Governor John Hickenlooper, who has become a legislative leader when it comes to the unique hurdles that occur with legalization of recreational marijuana, will kick off Tuesday’s Senate Oversight Hearing on cannabis taxes and regulatory timelines.
Tag Archives: Board of Equalization
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
Medical marijuana patients in California are getting a tax break, and that could mean less money for the state’s coffers. The Board of Equalization recently notified users they do not have to pay sales tax on medical pot if they have both a recommendation from a doctor and the appropriate identification card.
It’s like forecasting early gold reserves in the heady days of California’s Gold Rush era. Revenue estimates that will come from legalizing marijuana are growing almost like weed itself.
In November 2016, Californians could vote to become the fifth state to legalize the cultivation and sale of recreational marijuana. In anticipation, the state Board of Equalization, which handles taxation and revenue, has proposed a state-run bank.