Tag Archives: taxation

Transition Sundial Growers Cannabis Canada Association

Statement on the Government of Canada’s Approach to Cannabis Taxation

OTTAWA, Ontario, Nov. 14, 2017 /Weed Wire/ — Cannabis Canada, and the licensed producers of medical cannabis it represents, share the Government of Canada’s commitment to regulating and restricting access to cannabis to keep it out of the hands of youth, and the profits out of the hands of criminals.

Physical Security

Government of Canada Announces Consultation on Proposed Excise Duty Framework for Cannabis Products

OTTAWA, Ontario, Nov. 14, 2017 /Weed Wire/ — The Department of Finance Canada today published for consultation a proposed excise duty framework for cannabis products. The proposed level of taxation is intended to keep prices low to eliminate the black market, as discussed at the Finance Ministers Meeting last June.

cannabis patient day Loretta Lever

Arkansas Cannabis Industry Association Brings IRS Revenue Agent with Specialty in Cannabis Taxation to Little Rock Today

LITTLE ROCK, Ark., Sept. 5, 2017 /Weed Wire/ – The Arkansas Cannabis Industry Association is pleased to announce their Tuesday, September 5th Medical Cannabis Federal Taxation Seminar at the Comfort Inn & Suites Presidential from 6-7pm.

New Hampshire House

Delaware General Assembly Creates Task Force to Explore Regulating and Taxing Marijuana for Adult Use

DOVER, Del., July 1, 2017 /Weed Wire/ — The General Assembly passed a concurrent resolution Saturday morning to create a task force that will study regulating and taxing marijuana for adult use in Delaware.

In California, Proposition 64 Could Bring Less Tax Revenue Than Once Expected

In California, Proposition 64 Could Bring Less Tax Revenue Than Once Expected

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.

city council

Thursday Press Conference: Polling Data Suggests New Mexican’s Support for Taxing and Regulating Marijuana Like Alcohol Reaches New High; New Poll Shows Solid Majority in Support

SANTA FE, N.M., Jan. 27, 2016 /Weed Wire/ — New polling data about New Mexican’s attitudes towards changes in marijuana policy will be released tomorrow during a press event at the State Capitol.

Pennsylvania

MMJ Moves a Step Forward in Pennsylvania

On Nov. 18, 2015, the Pennsylvania House Rules Committee voted overwhelmingly in favor of a bill that would legalize medical marijuana in the state. SB3 now goes to the full House, which could vote on it as early as today, Nov. 23, 2015. The bill has the support of Gov. Tom Wolf, so House approval is the last step.

Reform CA

Reform CA Files Recreational Initiative

Reform CA recently filed initiative language with the California Attorney General that, with enough support, would put recreational marijuana on the 2016 ballot. The proposed initiative will likely be only one of several alternatives, a scenario causing concern that the fragmentation of support might cause reform to fail again.

California

Previewing Regulation of Recreational Marijuana in California

It’s no secret that medicinal cannabis is big business in California, the first state to legalize medicinal marijuana. If a ballot initiative legalizing recreational marijuana passes in November 2016, business is going to get bigger.

report

Washington One Year Later: A Report

Earlier this month, the Drug Policy Alliance released its report, “Marijuana Legalization in Washington After 1 Year of Retail Sales and 2.5 Years of Legal Possession.” It is essentially a story of what did not happen to crime rates and usage among youth. But industry watchers know a lot has happened in Washington State over the last year.

reform

Washington State Legislature Passes Marijuana Reform Law

On June 27, 2015, the Washington state legislature passed HB 2136, a bill aimed at revising and streamlining the state’s marijuana regulatory system. With a vote of 36-7, the reform bill passed the Senate with overwhelming bi-partisan support, while the House vote was much closer at 59-38.

Taxes

Are Marijuana Taxes Too High?

If there are still any cannabis naysayers left in the state of Colorado, then no one can hear them over the ridiculous amount of money being made there. According to the Denver Post, Colorado made $22 million in recreational sales in April 2014, netting the state $3.5 million in tax revenue. Sales were likely boosted by the cannabis holiday 4/20, which attracted thousands of out-of-state visitors this year.


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