Dallas Fallen Officer Foundation President Sergeant Demetrick Pennie on whether the legalization of Marijuana will put the lives of police officers at risk.
Tag Archives: taxes
Native American Marijuana Hits Nevada, and It’s Tax Free
A tribal Cannabis consulting firm in Nevada has helped arrange key compacts with Native American tribes. In Nevada and elsewhere, Native American tribes are sparking marijuana businesses.
Puerto Rico Betting on Medical Marijuana to Ease Crisis
Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic crisis by generating millions in revenue and tens of thousands of jobs.
Michigan Marijuana Legalization One Step Closer to 2018 Ballots
It’s been a hot button issue for years, but action in Michigan to legalize recreational marijuana has hit the ground running.
Massachusetts Marijuana Laws Got a Statehouse Rewrite: What to Know
The Massachusetts marijuana law is getting a rewrite. The state has actually two marijuana laws — approved by voters — that Statehouse lawmakers revised, largely behind closed doors.
Here’s the Single Most Important Reason More States Will Legalize Marijuana
You don’t have to be Nostradamus to successfully predict that more states will legalize marijuana — whether for medicinal use only or for recreational use.
Massachusetts Legislature Approves Marijuana Regulation Overhaul
After blowing past several self-imposed deadlines, the Massachusetts legislature has finally reached a consensus on how to regulate recreational marijuana.
Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars
These days, cannabis is Colorado’s cash crop. In the three-and-a-half years since the state began allowing adults to purchase marijuana for recreational use, cannabis has contributed more than half a billion dollars in tax revenue to both state and local coffers.
Massachusetts House and Senate Reach Compromise on Legalization Implementation Bill
BOSTON, Mass., July 18, 2017 /Weed Wire/ — After weeks of talks and missed deadlines, legislators in Massachusetts have reached an agreement on legislation that will make changes to Question 4, the law to regulate marijuana for adults that was approved by voters in November 2016.
Price Hike in Nevada Marijuana Causing Some to Buy From the Streets
According to Emily Wilson, some medical patients across the valley can’t afford the price gouge on Nevada marijuana and are turning to the streets for cheaper prices.
First Look at Wisconsin Marijuana Legalization Bill Aimed at Jumpstarting Economy
Wisconsin marijuana legalization has been given new life. On July 13, 2017, Wisconsin Rep. Melissa Sargent held a press conference to announce the introduction of a bill aimed at legalizing both medical and recreational marijuana in the state, marking the third time a marijuana legalization bill has been introduced in the Wisconsin State Legislature.
Legislative Conference Committee Stalls on Massachusetts Marijuana Bill
he Massachusetts House and Senate continue to be at odds over how to regulate recreational marijuana. On June 30, 2017, a six-member conference committee comprised of both House and Senate leadership announced that although it had missed its self-imposed deadline to come to an agreement, it would continue negotiations after the Fourth of July holiday.
Nevada Recreational Marijuana Greenlit for Sales on July 1
The partygoers of Sin City will soon be given the opportunity to indulge in recreational marijuana this Saturday. On July 1, 2017, Nevada recreational marijuana sales will commence as dispensaries will have the green light to sell to adults.
Massachusetts Lawmakers May Compromise on Recreational Cannabis Taxes
Massachusetts House Speaker Robert DeLeo and Senate President Stanley Rosenberg are confident that the House and Senate can come to an agreement on recreational cannabis taxes before their self-imposed deadline of June 30, 2017.
L.A. County Cannabis Advisory Team Begins Work in June
LOS ANGELES, June 23, 2017 /Weed Wire/ — Los Angeles County’s cannabis regulation efforts have entered an important new phase with the convening of a diverse advisory group made up of health and policy experts, community leaders, cannabis industry representatives and other key stakeholders.
Massachusetts House Approves Major Overhaul of Recreational Marijuana Laws
On June 21, 2017, the Massachusetts House of Representatives voted overwhelmingly to approve a bill that would impose a major overhaul of the state’s recreational marijuana laws.
Oregon Marijuana Dispensary Tax Payment Stolen by Department of Revenue Employee
Making a marijuana dispensary tax payment without a bank account is difficult for numerous reasons, but now dispensary owners might also have trouble trusting the actual tax man collecting the payment.
Massachusetts House Vote to Raise Recreational Marijuana Taxes Has Been Delayed
A vote in the Massachusetts House of Representatives to alter the state’s recreational marijuana laws has been delayed due to concerns from members of the Democratic caucus.
Massachusetts’ Recreational Marijuana Proposal Seeks Higher Taxes
Lawmakers reviewing the Massachusetts’ recreational marijuana law plan to recommend sharply higher taxes and more control for city and town officials over retail pot shops in their communities, according to a copy of a House proposal obtained Tuesday by The Associated Press.
City Controller Ron Galperin Maps Marijuana Dispensaries; Advocates for Enforcement to Protect Neighborhoods and to Collect Taxes Due
LOS ANGELES, June 7, 2017 /Weed Wire/ — With legal recreational marijuana coming to California in January 2018, Los Angeles City Controller Ron Galperin released a map showing the status of medical marijuana dispensaries in the City, along with suggestions on how to better ensure that the businesses pay taxes and comply with local regulations intended to protect residents and customers.
How High are Marijuana Taxes in Your State?
As public support for legalization rises, policymakers are left to figure out the proper way to handle marijuana taxes if their state follows the trend.
Nevada Receives 143 Recreational Marijuana License Applications
With Wednesday, May 31, 2017, being the last day to submit recreational marijuana license applications for Nevada’s early-start program, the state has already started adding up the number of applications it has received.
Cleveland Rethinking Ban on Medical Marijuana Growing Sites
City Council could roll back a moratorium on cultivation of marijuana for medical purposes, a step viewed as necessary to avoid shutting Cleveland out of potentially lucrative tax gains.
Is Legal Marijuana the Best Option in Connecticut’s Budget Crisis?
Connecticut lawmakers are questioning if legal marijuana is the best option in fixing the New England state’s current budget crisis.
Finance Minister to Talk Canadian Cannabis Taxes This Summer
Canada’s Finance Minister Bill Morneau is ready to talk Canadian cannabis taxes with the country’s provinces. On May 15, 2017, during a House of Commons meeting for the Standing Committee on Finance, Morneau addressed the Budget Measure Implementation Act and closed his opening remarks with a note on cannabis taxes.
Sacramento Names First Chief of Cannabis Policy and Enforcement
Sacramento is the first municipality to create a chief of cannabis policy and enforcement position at a city level. Joe Devlin started the job last week.
Medical Marijuana Tax, Tracking Bill Awaits Montana Governor
A tax on medical marijuana is now on it’s way to the Montana’s Governor Bullock’s desk after passing out of the House Tuesday morning.
The Trump Administration’s Reefer Madness on The Daily Show
In honor of 4/20, The Daily Show host, Trevor Noah, breaks down how Attorney General Jeff Sessions is ramping up enforcement of marijuana laws and makes the case that President Trump is always high.
Special Marijuana Sales Tax Bill Waiting for CO Governor’s Signature
A bill that just passed through the State Legislature clarifies the law that county governments do have the authority to collect special marijuana sales tax.
Nevada Governor’s Marijuana Tax Bill Expected to Move Forward
On March 27, 2017, Nevada Gov. Brian Sandoval introduced Senate Bill 508, a marijuana tax bill that would enforce “an excise tax on sales of marijuana and related products by a retail marijuana store.” On April 13, the bill was introduced to the Senate Finance Committee.
Montana’s Medical Marijuana Regulation Bill Sees Several Amendments
Funding proposals for the Montana’s medical marijuana program have moved away from a tax and toward a fee structure as groups continue to debate how money will move within the system. It’s part of Senate Bill 333, a large regulatory bill that’s moving through the Montana Legislature.
Nevada Bill Would Allow Marijuana Companies to Combine Products
Marijuana companies would not have to separate medical and recreational products under a bill heard Tuesday in the Nevada Legislature.
John Oliver Talks Marijuana Laws on Last Week Tonight
Under federal law, even legal marijuana is illegal. John Oliver explains why conflicting drug laws pose serious problems.
Denver FBI Honors Youth Program Partly Funded by Pot Taxes
The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.
Marijuana Stocks Are Bound to Love This New Pot-Friendly Survey
A newly released survey from the independent Quinnipiac University really demonstrates just how strongly the American public wants to see marijuana legalized, and how certain they are that state’s rights should prevail.
Texas Misses Out on Millions Due to Delayed Start of Medical Marijuana Act
Delays in implementing Texas’s medical marijuana law could be keeping the state from millions in tax revenues, according to Forbes. The Texas Compassionate Use Act became law on June 1, 2015, but it required doctors to write prescriptions for medical marijuana. Two problems stem from that requirement.
How Do We Measure the Statistical Significance of Legal Cannabis?
Advocates, investors and entrepreneurs believe that the profile of marijuana users will change now that cannabis is legal. They all have one thing in common — wanting to make money from the new cannabis consumer.
Has Recreational Marijuana Use Become Too Big to Jail?
Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.
Oregon Banked $5.3M in Marijuana Taxes for January
On Feb. 21, 2017, the Oregon Department of Revenue announced that it had collected $5.3 million in marijuana tax revenue, brining the state’s total marijuana tax collection to $65.4 million.
Oregon Marijuana Tax Collections Numbers Updated
SALEM, Ore., Feb. 21, 2017 /Weed Wire/ — The Department of Revenue received $5.3 million in marijuana tax payments in January 2017.
California Lawmaker: State Won’t Be Ready to Collect Recreational Marijuana Taxes
California state Sen. Mike McGuire doesn’t think that his state will be ready to collect taxes from recreational marijuana cultivators by the start of next year.
The Tax Man Cometh: Washington Shuts Down Recreational Dispensary
On Feb. 9, 2017, Washington regulators shut down operations at Nine Point Growth Industries, the state’s second oldest licensed recreational marijuana dispensary.
Hickenlooper to Talk Cannabis Taxes With California’s Legislators
As governor of the first state to implement legalized recreational cannabis, Gov. John Hickenlooper has priceless insight when it comes to state regulation and taxation of recreational cannabis and now California is ready to learn from him.
Colorado Governor Hickenlooper to Kick Off Tuesday’s Oversight Hearing on Cannabis Taxes and Regulatory Timelines
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.
In 2016, Colorado Marijuana Sales Hit $1.3 Billion
In 2016, Colorado sales of recreational and medical marijuana sales combined hit $1.3 billion, according to a Feb. 9, 2017, article by the Associated Press. The figure, drawn from a Colorado Department of Revenue report, shows a steady climb from $699 million in 2014 and $996 million in 2015.
New Mexico Legislators Push Pot Legalization as a Boost to State’s Coffers
Two New Mexico state legislators are touting marijuana legalization as a way to bring more revenue into the state’s coffers. Rep. Bill McCamley, a Democrat from Mesilla Park, NM, has sponsored a bill in the New Mexico House of Representatives that would legalize, tax and regulate marijuana for adults. Sen. Gerald Ortiz y Pino, a Democrat from Albuquerque, has sponsored an identical bill in the Senate.
Oregon’s Marijuana Taxes Topped $60 Million in 2016
On Jan. 20, 2017, the Oregon Department of Revenue announced that as of Dec. 31, 2016, it had collected $60.2 million in marijuana tax revenue, surpassing the $43 million forecast by state economists earlier this year.
Oregon Marijuana Tax Collection Numbers Updated
As of December 31, 2016, the Department of Revenue has received $60.2 million in marijuana tax payments since the state began taxing recreational marijuana in January 2016.
Maine Governor Certifies Pot Vote But Urges Moratorium on Sales
Maine Gov. Paul LaPage on Dec. 31, 2016, signed a proclamation certifying the state’s narrow vote to approve adult-use of marijuana, according to a Jan. 3, 2017, article in the Portland Press Herald. LaPage confirmed the signature during a Jan. 3, 2017, radio show program during which he also urged Maine legislators to set a moratorium on marijuana sales.
Bipartisan Group of Senators Presses Federal Regulator for Clear Guidance on Banking Services for Vendors Working with Legal Marijuana Businesses
WASHINGTON, Dec. 14, 2016 /Weed Wire/ — Today, a bipartisan group of Senators led by Oregon’s Senator Jeff Merkley pressed a key federal regulator to take further action to ensure that vendors working with legal marijuana businesses in states that have legalized recreational or medicinal marijuana do not have their banking services taken away.