Tag: taxes
Berkeley Lowers Taxes on Recreational Cannabis to Deter Black Market Sales
Berkeley cannabis consumers are betting a tax break.
The city has announced a decision to lower the local sales tax on recreational cannabis sales from...
Marijuana Tax Revenue Will Likely Add to California Budget Surplus
As Jerry Brown prepares his final state budget, he will have the benefit of additional tax revenues derived from legal marijuana sales.
Legal adult use...
Nevada Cannabis Revenue Blows Past Colorado in 2017
Many who speculated that Nevada would become a destination for cannabis after the state launched recreational cannabis sales in July, may be right on...
Could GOP Tax Reform Bill Encourage States to Legalize Marijuana?
State and local officials may have to consider marijuana legalization to make up for lost revenues if the GOP tax bill is passed.
The expansion...
California Marijuana Taxes Could Reach 45 Percent
Tax rates on recreational marijuana in California could be high enough to keep the black market around.
California recreational marijuana sales are set to begin...
Kentucky Lawmaker Proposes Legalizing Marijuana to Address State Budget Shortfall
Kentucky State Rep. Dan Seum has introduced a bill that would legalize recreational marijuana and use the tax revenues collected to avoid cuts to...
Nevada Recreational Marijuana Sales and Tax Revenues Soar in July
Nevada marijuana dispensaries took in $27.1 for the first month of recreational sales while the state collected $3.68 million in taxes.
Legal recreational marijuana sales in...
Legal Cannabis could add $5 Billion to California Economy, Study says
And that’s with 29 percent of consumers opting for the black market product, in order to dodge taxes and fees.
LOS ANGELES–Results from a state-sponsored...
IRS Uses 280E to Go After State Legal Cannabis Businesses on Taxes
The complex issue of cannabis taxes just got a bit more confusing for some Colorado businesses.
The IRS has started audits on cannabis businesses in...
