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Tag: cannabis taxes
California Cannabis Sales Bring in Almost $248M in Tax Revenue for Q1 2026
SACRAMENTO, Calif. – California’s legal cannabis sales generated about $248 million in tax revenue for the state in the first quarter of 2026. The...
Whitney Economics: Cannabis Businesses Paid $2.24B in Excess 2025 Taxes Due to 280E
PORTLAND, Ore. – Analysts at Whitney Economics (WE) estimates cannabis businesses paid $2.24 billion in excess cannabis-related federal taxes in 2025 due to the...
California Cannabis Tax Revenue Dips in Q4 2025
CDTFA reports California collected $255.1M in Q4 2025 cannabis taxes, down after Q3’s temporary rate spike.
Monarch, Desert Hot Springs Partner to Streamline Cannabis Compliance, Tax Collection
DESERT HOT SPRINGS, Calif. -- Monarch Technologies, a leading provider of cannabis banking, tax collection, and compliance solutions, partnered with the City of Desert...
Study: Only 27% of U.S. Cannabis Operators Profitable
PORTLAND, Ore. -- Whitney Economics (WE), a global leader in cannabis and hemp business consulting, data, and economic research, announced preliminary findings from its 2024...
Trulieve Announces Filing of Amended Federal Tax Returns Claiming $143 Million Refund
TALLAHASSEE, Fla. -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced the filing of...
California Ends Cannabis Cultivation Tax to Curb Illicit Sales
SACRAMENTO - California Governor Gavin Newsom signed a new bill into law that will restructure the state’s adult-use cannabis program, eliminating a cannabis cultivation...
Growers Under Increasing Threat from Cannabis Taxes
For most operators in California’s cannabis industry, the licensed and regulated market probably feels like a slow-burning dumpster fire with no end in sight....
Master These 9 Essential Cannabis Compliance Issues
Compliance is a top challenge in the cannabis industry for a reason. Seemingly unattainable due to ever-changing laws and regulations, compliance with a bevy...
Are Increased Cannabis Tax Revenues Part of the New ‘Green’ Economy?
In the post-pandemic economy, under the Biden Administration, many Americans are wondering, "where’s the money going to come from?" Especially with large regions under...