Tag Archives: taxes

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

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.

MPP - Simple Marijuana Possession House Rules Committee task force Joe Moody Initiative

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.

Finance Minister to Talk Canadian Cannabis Taxes This Summer

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.

Nevada Governor’s Marijuana Tax Bill Expected to Move Forward

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

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.

Texas Misses Out on Millions Due to Delays in Implementing Medical Marijuana Act

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?

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?

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.

Hickenlooper to Talk Cannabis Taxes With Legislators in California

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.


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