Tag Archives: taxes

Lawmaker Introduces Bill to Legalize Recreational Marijuana in Georgia

Lawmaker Introduces Bill to Legalize Recreational Marijuana in Georgia

Lawmaker Introduces Bill to Legalize Recreational Marijuana in Georgia

The chances that Georgia will legalize recreation marijuana is slim, but the bill’s lawmaker sponsor said support is growing.

Here's How U.S. Marijuana Prices Range From Coast to Coast

Here’s How U.S. Marijuana Prices Range From Coast to Coast

Not only do the rules for marijuana consumption vary from state to state, but so do the prices. From coast to coast, marijuana prices in the United States range from just over $7 in the west to nearly $18 in the east.

Register with the California Department of Tax and Fee Administration Video Series

California Department of Tax and Fee Administration Releases ‘Tax Help for the Cannabis Industry’ Video Series

SACRAMENTO, Jan. 17, 2018 /Weed Wire/ – The California Department of Tax and Fee Administration (CDTFA) has produced a three-part video series to help individuals who operate cannabis-based businesses learn about their tax responsibilities.

California Tax Help for the Cannabis Cultivator or Manufacturer

California Tax Help for the Cannabis Cultivator or Manufacturer

A video for California cultivation and manufacturing businesses, one of three in a series by the California Department of Tax and Fee Administration, to help cultivators and manufacturers learn about their tax responsibilities.

5 Reasons Cannabis Stocks Were on Fire in 2017

5 Reasons Cannabis Stocks Were on Fire in 2017

You might be wondering what’s behind the big rally in cannabis stocks? While a generally bullish market has certainly helped, there are five other considerably more prominent reasons behind the rally in marijuana stocks in 2017.

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Although the Silver State just started recreational marijuana sales this past summer, the number of workers Nevada marijuana businesses employ is creating quite the buzz.

Finance Ministers Revise Canadian Cannabis Tax Plan

Finance Ministers Revise Canadian Cannabis Tax Plan

While the initial Canadian cannabis tax framework was revealed on Nov. 10, 2017, provincial leaders and industry stakeholders renounced the proposed 50-50 split of cannabis taxes and so federal, provincial and territorial finance ministers went back to the drawing board, announcing the revised Canadian cannabis tax plan on Dec. 11.

Massachusetts Marijuana Tax Revenue

Massachusetts Marijuana Tax Revenue Projection Swings Wide for First Year

Massachusetts marijuana tax revenue in the Bay State has been given a wide-ranging projection for recreational marijuana’s first year of sales. According to a Massachusetts Department of Revenue analysis, tax revenue will range between $44-82 million in fiscal year 2019.

5 Things You Didn’t Know About the Alaska Marijuana Economy

5 Things You Didn’t Know About the Alaska Marijuana Economy

In February 2015, Alaska became one of the first states to legalize recreational marijuana with a 53% vote in favor of the drug. Even though cannabis was made legal in the state, it took another year for Alaska to approve cannabis retail stores and manufacturers. Now, since the state has approved full legalization, the industry has grown, affecting Alaska’s economy in a number of ways.

Nevada Cannabis Sales Exceed State's September Estimate

Nevada Cannabis Sales Exceed State’s September Estimate

It looks like Nevada cannabis sales are still ranking high for the recreational market. The Nevada Department of Taxation released the state’s results for recreational cannabis sales for the month of September, and the data proves that sales are still going strong.

First Look at the Proposed Canadian Cannabis Tax Framework

First Look at the Proposed Canadian Cannabis Tax Framework

While several provinces have announced their plans for recreational cannabis distribution and retail operations, industry stakeholders have been waiting for an announcement on the Canadian cannabis tax framework and that moment has now arrived.

Department of Canada: Proposed Excise Duty Framework for Cannabis Products and Finance Ministers

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

OTTAWA, Ont., Nov. 10, 2017 /Weed Wire/ — The current approach to cannabis is not working, and the Government of Canada is committed to legalizing, regulating and restricting access to cannabis to keep it out of the hands of kids, and profits out of the hands of criminals.

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

SAN FRANCISCO, Nov. 8, 2017 /Weed Wire/ — Residents of seven California cities voted to impose local taxes on cannabis in Tuesday’s elections. With retail sales set to begin on January 1, the newly approved measures will add to the already substantial tax burden on legal cannabis, potentially undermining California’s fledgling legalization initiative, according to Fitch Ratings.

5 Things You Didn’t Know About the Canadian Marijuana Economy

5 Things You Didn’t Know About the Canadian Marijuana Economy

Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.

Nevada Recreational Marijuana Sales Topped $33 Million in August

Nevada Recreational Marijuana Sales Topped $33 Million in August

While supply shortages may have hampered Nevada recreational marijuana sales when the second month of sales commenced on Aug. 1, 2017, the industry was able to rebound and close out the month of August with more than $33 million in sales.

New Frontier Data - Consumer Market Opportunities and CohnReznick and Public Markets

CohnReznick Partners with New Frontier Data

WASHINGTON, Oct. 16, 2017 /Weed Wire/ – CohnReznick, one of the largest accounting, tax and advisory firms in the United States, has teamed with New Frontier Data, the leading provider of data, analytics and business intelligence for the cannabis industry.

Big Tobacco Claims the Govt. is Playing Favourites With Cannabis Companies

Big Tobacco Claims the Govt. is Playing Favourites With Cannabis Companies

It is perhaps an overstatement to say that Big Tobacco is unhappy with weed becoming legal — after all, they claim that marijuana isn’t a substance that can act as a substitute for tobacco consumption.

Medical Marijuana in Montana Ready to Give Slight Boost to State Coffers

Medical Marijuana in Montana Ready to Give Slight Boost to State Coffers

It looks like the enhanced legalization of medical marijuana in Montana will boost the Treasure State’s coffers this year, with sales increasing the amount of money in Montana’s general fund.

Oregon Tax Distributions

First Marijuana Tax Revenue Distributions Coming Soon

SALEM, Ore., Oct. 6, 2017 /Weed Wire/ — The first distributions of state marijuana tax revenues—totaling nearly $85 million—are on their way to the State School Fund; the Mental Health, Alcoholism, and Drug Services Account; the Oregon State Police (OSP); the Oregon Health Authority (OHA); and Oregon’s cities and counties. All distributions will be complete by October 11, 2017.

Montana Medical Cannabis Providers' Tax Deadline Approaching

Tax Deadline Approaching for Montana Medical Cannabis Providers

Montana medical cannabis providers have until Oct. 15, 2017, to file and pay their taxes for sales made in July, August and September. This represents the first time the state’s Department of Revenue has collected taxes on medical cannabis sales.

Canada Proposes Federal Pot Excise Tax, Provinces React With Caution

Canada Proposes Federal Pot Excise Tax, Provinces React With Caution

Canada is proposing a federal excise tax on marijuana to help ease the path to legalizing the drug, Prime Minister Justin Trudeau said on Tuesday, drawing a cautious response from provinces that would oversee the process.

Report: California Cannabis Taxes to Keep Black Market Cannabis Alive

Report: California Cannabis Taxes to Keep Black Market Cannabis Alive

As the Golden State readies for the rollout of recreational cannabis on Jan. 1, 2018, some are preparing for a windfall of revenue from California cannabis taxes and others are preparing to continue competing with the black market.

Marijuana Sales Can Make U.S. Tribes Richer and Poorer

Marijuana Sales Can Make U.S. Tribes Richer and Poorer

“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.

Pot at Poker Tables? Democrats Push Weed to Boost Garden State Finances

Pot at Poker Tables? Democrats Push Weed to Boost Garden State Finances

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.


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