Tag Archives: Tax

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Gov. Baker Signs Marijuana Compromise Bill

Gov. Baker Signs Marijuana Compromise Bill

BOSTON, July 28, 2017 /Weed Wire/ — Gov. Charlie Baker today signed the marijuana compromise bill sent to him last week by the Legislature, setting the stage for creation of the regulatory structure to oversee legal marijuana sales in Massachusetts.

Maine Legislative Panel Mulls Raising 10 Percent Tax on Marijuana

Maine Legislative Panel Mulls Raising 10 Percent Tax on Marijuana

As the legalization of recreational marijuana sales nears, a Maine legislative panel has spent months pondering the best way to tax pot to bring in state revenue, fund regulatory enforcement and discourage the illicit market.

New Jersey Recreational Marijuana Bill Gets Committee Hearing

New Jersey Recreational Marijuana Bill Gets Committee Hearing

Democratic lawmakers in the Garden State are making moves on a New Jersey recreational marijuana bill. On June 19, 2017, the state Senate Judiciary Committee held a formal hearing on S-3195, a bill that would legalize, tax and regulate recreational marijuana in the state.

Massachusetts Senate Introduces Proposal to Preserve Current Recreational Marijuana Tax Rate

Massachusetts Senate Introduces Proposal to Preserve Current Recreational Marijuana Tax Rate

On June 16, 2017, the Massachusetts Senate introduced an outline to a bill that preserves the current tax rate on retail marijuana sales. The proposal is in stark contrast to the measure put forth by the Massachusetts House of Representatives.

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NJ United for Marijuana Reform Coalition Members Testify at Marijuana Legalization Hearing

NEWARK, N.J., June 19, 2017 /Weed Wire/ — Key members of the New Jersey United for Marijuana Reform (NJUMR) coalition testified at a legislative hearing to discuss a bill to legalize, tax and regulate marijuana for adults in New Jersey.

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Albany Press Conference: New York State Legislators Renew Push for Marijuana Legalization

ALBANY, New York, June 12, 2017 /Weed Wire/ — Today, a coalition of community advocates led by Drug Policy Alliance will join Senator Liz Krueger (New York) and Assemblymember Crystal Peoples-Stokes (Buffalo) to announce reintroduction of the Marijuana Regulation and Taxation Act (MRTA, S.3040A/A.3506A), a bill that would establish a legal market for marijuana in New York.

Medical Marijuana Advocates Worry Pot Price Spike Coming to California

Medical Marijuana Advocates Worry Pot Price Spike Coming to California

In 2016, more than 750,000 people in the state of California were registered medical marijuana users, making up nearly 2 percent of the state’s population. So what will change for the medical industry since the legalization of marijuana? Prices.

Massachusetts lawmakers debate tax on recreational marijuana

Massachusetts Lawmakers Debate Tax on Recreational Marijuana

Western Massachusetts sheriff’s want the state to use marijuana tax revenues to help combat the state’s deadly opioid addiction crisis. The bill under consideration would impose a 17% tax on marijuana.

IL-Release Regulate

Coalition Forms to Support Illinois Marijuana Regulation Bill; Gen. Assembly Sets First Hearing

CHICAGO, April 12, 2017 /Weed Wire/ — Sponsors of a proposal to regulate and tax marijuana for adult use in Illinois announced Wednesday that lawmakers will hold the first hearing on the bill next week in Chicago.

New Federalism Fund_Tax_Reform Bill

Congressmen Curbelo, Blumenauer and Senators Wyden, Paul Release 280E Tax Reform Bills

DENVER, March 30, 2017 /Weed Wire/ — The New Federalism Fund applauds Reps. Carlos Curbleo (R-FL 26), Earl Blumenauer (D-OR 3) and Sens. Ron Wyden (D-OR), Rand Paul (R-KY) for introducing the Small Business Tax Equity Act of 2017 in the U.S. House and Senate on Thursday, March 30.

New Federalism Fund

Business Leaders Form New Group to Support State-Based Cannabis Trade

DENVER, March 23, 2017 /Weed Wire/ — A coalition of companies related to the legal cannabis industry have announced the formation of the New Federalism Fund (NFF), an effort dedicated to working with Congress and the administration to protect current state-based regulatory systems for the legal cannabis industry.

World of Cannabis: Acquisitions and Mergers

Buying, selling or investing in any business requires proper due diligence. In the cannabis industry – you need to take extra steps. Hear Kevin Sutherland, CEO of Canna Mergers, and Paul Shively, a compliance expert, discuss the diligence you need to perform as you invest in the legal cannabis industry.

Lawmakers to re-write Massachusetts marijuana law

Lawmakers to Rewrite Massachusetts Marijuana Law

The Massachusetts House and Senate created a new “Committee on Marijuana Policy” to take a second look at the recreational pot law. Top state leaders have several concerns, from public safety to the tax structure, to the number of pot plants someone can grow at home.

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Colorado Government Reports $1.3 Billion in Marijuana Sales Generated Nearly $200 Million in Tax Revenue in 2016

WASHINGTON Feb. 10, 2017 /Weed Wire/ — The Marijuana Policy Project issued the following statement in response to the Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016.

Rep. Applebaum Introduces Bill to Legalize Marijuana in Minnesota

ST. PAUL, Minn., Feb. 8, 2017 /Weed Wire/ – Deputy Minority Leader, State Rep. Jon Applebaum (DFL – Minnetonka) today announced plans to introduce a bill to legalize the personal, recreational use of marijuana in the state of Minnesota. Under the legislation, the state would regulate marijuana in a similar fashion to alcohol, with purchase, possession, and use only permitted by those aged 21 or older.

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New Rhode Island Poll Finds Strong and Widespread Support for Regulating Marijuana Like Alcohol

PROVIDENCE, R.I., Feb. 7, 2017 /Weed Wire/ — A new poll shows momentum is building behind the effort to end marijuana prohibition in Rhode Island. Regulate Rhode Island director Jared Moffat held a news conference Tuesday at the State House to discuss the results.


Maryland Legislature to Consider Regulating and Taxing Cannabis Similarly to Alcohol

ANNAPOLIS, Md., Jan. 30, 2016 /Weed Wire/ — State lawmakers rolled out legislation Monday that would regulate and tax cannabis similarly to alcohol in Maryland. Senate and House bill sponsors discussed the details of the proposal at a news conference in the Lowe House of Delegates Office Building.

4 Best Marijuana Stocks to Play the Green Rush

4 Best Marijuana Stocks to Play the Green Rush

Marijuana sales has the potential to greatly add to government’s treasury as well, and it will be immensely helpful in medical fields. Nowadays, it is also easier for banks for provide services for legal marijuana businesses.

Medical marijuana tax revenue comes in lower than expected

NY Medical Marijuana Tax Revenue Comes in Lower Than Expected

The low projection in tax revenue signals an administration belief that little will change in the coming months even as the state Department of Health works to expand access for patients, which should, in theory, bring in new revenue.

Rhode Island Lawmakers Plan to Introduce Legalization Bill

Rhode Island Lawmakers Plan to Introduce Legalization Bill

On Jan. 11, 2016, Rhode Island state Sen. Joshua Miller and state Rep. Scott Slater announced in a press conference that they intend to introduce legislation that would legalize recreational marijuana in the state.

Rhode Island Governor Estimates Recreational Legalization Could Generate $15M

Rhode Island Governor Estimates Legalization Could Generate $15M

Rhode Island Gov. Gina Raimondo recently estimated that if The Ocean State legalizes recreational marijuana, it could generate between $10 to $15 million in revenue during its first year.

Recreational Marijuana in Massachusetts Is Legal Today, Here's How to Profit

Recreational MJ in Massachusetts is Legal, Here’s How to Profit

Under the new Massachusetts marijuana laws, adults aged 21 and older will be able to possess up to 10 ounces of marijuana. Adults will also be allowed to grow up to 12 plants in their residence. But first, we want to make sure our readers know all the details about recreational marijuana laws taking effect today in Massachusetts.

Pennsylvania advances rules under new medical marijuana law

Pennsylvania Advances Rules Under New Medical Marijuana Law

The regulations will address the electronic tracking of marijuana from seed to final product, how to maintain equipment, the disposal of marijuana, the use of pesticides, fees, tax reporting rules and insurance requirements.

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