Tag Archives: taxes

The Colombia Post War Pot Progression

The Colombia Post War Pot Progression

The Colombia Post War Pot Progression

In this scene from WEEDIQUETTE, Krishna meets with former illicity cannabis farmer Juan Bastilla to learn about the violence that occurred in Colombia when FARC and the government were against one another.

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

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

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.

Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars

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.

Amesbury Voters

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.

First Look at Wisconsin Marijuana Legalization Bill Aimed at Jumpstarting Economy

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

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 Gets Green Light for Sales on July 1

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 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.

Oregon Marijuana Dispensary Tax Payment Stolen by Department of Revenue Employee

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’ Recreational Marijuana Proposal Seeks Higher Taxes

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

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.


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