OTTAWA, Ontario, Dec. 20, 2017 /Weed Wire/ — Finance Minister Bill Morneau today issued the following statement…
Tag Archives: 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.
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.
From stoned driving to the taxation of marijuana, Delaware would face multiple vexing challenges if lawmakers ever legalize recreational cannabis use, and a state task force is getting ready to dig into those issues.
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.
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.
SALEM, Ore., Dec. 12, 2016 /Weed Wire/ — The Department of Revenue has added a new page dedicated to marijuana tax statistics to its website.
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.
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.
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.
On Monday, Nov. 16, 2015, the New Jersey Senate’s Judiciary Committee will hear testimony about whether to legalize, tax and regulate marijuana like alcohol. Toward those ends, Sen. Nicholas Scutari, chair of the committee, introduced S1896 early in the session, but the bill and a companion Assembly bill have languished in committee.
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.
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.
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.
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.
One of the greater obstacles to legalization in California is early success. Humboldt County, in the heart of the Emerald Triangle, is often seen as the cradle of the legal cannabis industry.
With the addition of Oregon to the list of states to legalize marijuana, Washington faces some unique challenges and competition from their southern neighbors.
Although everyone has different tastes and preferences, almost no one in this world likes taxes. Even though taxes provide clean air, clear water and safe roads, no one wants to chip in when the bill comes due.
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.