“This is going to be bigger than bingo,” James Billie told CNN over the summer. A former chief of the Seminole, whose company MCW gives financing and legal counsel to American Indian tribes to help them grow and sell marijuana on their land, Billie could barely contain his excitement.
Tag Archives: taxes
New Jersey reaped billions from slot machines and blackjack tables in the decades before casino fever jumped state lines. With Atlantic City’s gambling heyday now past, politicians in the Garden State are aiming to grab marijuana’s riches while neighbors again play catch-up.
While Maine marijuana regulation has faced delays, the Pine Tree State finally has a regulatory draft to show for itself.
The California City police and fire departments are preparing for the addition of dozens of medical marijuana cultivation and manufacturing businesses.
In this Cal Can Biz Expo interview, watch Kristen Fox, Editor-in-Chief of MJINews.com and Marijuana Industry News magazine, interview Jordan Gerber, President of MJIC Capital.
Marijuana sales in Colorado, the first state in the nation to legalize recreational weed, surpassed $750 million during the first half of 2017, up about 25 percent compared to the first six months of 2016.
Dallas Fallen Officer Foundation President Sergeant Demetrick Pennie on whether the legalization of Marijuana will put the lives of police officers at risk.
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.
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.
It’s been a hot button issue for years, but action in Michigan to legalize recreational marijuana has hit the ground running.
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.
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.
After blowing past several self-imposed deadlines, the Massachusetts legislature has finally reached a consensus on how to regulate recreational marijuana.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Connecticut lawmakers are questioning if legal marijuana is the best option in fixing the New England state’s current budget crisis.
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 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.
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.
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.
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.
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.
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.
Marijuana companies would not have to separate medical and recreational products under a bill heard Tuesday in the Nevada Legislature.
Under federal law, even legal marijuana is illegal. John Oliver explains why conflicting drug laws pose serious problems.
The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.
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.
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.
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.
Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.
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.
SALEM, Ore., Feb. 21, 2017 /Weed Wire/ — The Department of Revenue received $5.3 million in marijuana tax payments in January 2017.
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.
On Feb. 9, 2017, Washington regulators shut down operations at Nine Point Growth Industries, the state’s second oldest licensed recreational marijuana dispensary.
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.
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.