revenue

A proposal by Gov. John Hickenlooper to direct marijuana revenue toward building affordable housing and curbing homelessness offers a glimpse into the potential the new revenue can have on public services and projects. But Hickenlooper and his administration are hesitant to acknowledge that...

Johnson City - Broome County is struggling to meet its goals of tax revenue from medical marijuana. $1,000 is the sum of the taxes earned by Broome County in 2016 from medical marijuana sales, which is 0.11 percent of the projected $850,000 that it thought it would gain. "We even budgeted...

Johnson City - Broome County is struggling to meet its goals of tax revenue from medical marijuana. $1,000 is the sum of the taxes earned by Broome County in 2016 from medical marijuana sales, which is 0.11 percent of the projected $850,000 that it thought it would gain. "We even budgeted...

With pot on the ballot in nine states, the big winner in next Tuesday's election could be America's legal cannabis industry. By 2020, legal market sales are expected to surpass $22 billion. And for states struggling with budget shortfalls, that extra revenue would be clearly welcome. Voters...

Broome County expected $850,000 in excise tax revenue in 2016 from the passage of the state's medical marijuana act. Instead, just $320 has so far come through. That's according to expected and actual excise tax revenues listed in the County Executive's 2017 proposed budget, and reflects the...

Broome County expected $850,000 in excise tax revenue in 2016 from the passage of the state's medical marijuana act. Instead, just $320 has so far come through. That's according to expected and actual excise tax revenues listed in the County Executive's 2017 proposed budget, and reflects the...

Little Rock - Arkansas finance officials say competing proposals to legalize medical marijuana would cost the state more to enforce than they would generate in new tax revenue. The state Department of Finance and Administration on Thursday detailed the projected revenue and costs for the two...

Little Rock - Arkansas finance officials say competing proposals to legalize medical marijuana would cost the state more to enforce than they would generate in new tax revenue. The state Department of Finance and Administration on Thursday detailed the projected revenue and costs for the two...

Denver - Denver's City Auditor released an audit Thursday stating that the office in charge of the city's marijuana sales needs to do more to track the use of tax revenue and improve its public outreach. "Regardless of your opinion on marijuana, it's hard to deny the significance of...

Statewide marijuana sales tax receipts grew at a faster pace in August and September than the previous two months, and the state has collected $40.2 million this year, the Oregon Department of Revenue reported Monday. With a 25 percent sales tax rate on recreational pot in effect through...

San Bernardino - Allowing marijuana in the city through Measure N would bring more than $18 million in net revenue to the city, several times more than either of the competing marijuana measures, according to a study released by the campaign for Measure N. The numbers, prepared by San...

Four states — Colorado, Washington, Oregon and Alaska — have legalized the retail sale of marijuana. One of the main reasons cited by each state for legalizing pot is the tax revenue generated by marijuana sales. Retail marijuana sales started in Colorado 2014, bringing in $56 million the...

If you probe why the polls show a majority of California voters support a statewide effort to legalize recreational marijuana, increased tax revenue inevitably comes up. UC Irvine student Giovanni Chavez, like many backers of legalized pot, says he's primarily concerned about personal liberty...

Proposition 64 would create a 15 percent retail cannabis sales tax and a $9.25-an-ounce bud tax as well as a $2.75-an-ounce leaf tax that could raise more than $1 billion per year in tax revenue, according to the California Secretary of State legislative analysis. In turn, that revenue would be...

Voters in Maine and a handful of other states are deciding whether to legalize recreational marijuana this November. One thing that could swing the vote is the possibility of millions of dollars in tax revenue from retail marijuana sales. Colorado was the first state in the country to roll out a...

But, the buzz kill for public entities earmarked to benefit from the sin tax is they haven't seen any of that revenue to date. Those slated to receive marijuana tax funds are: Common School Fund — 40 percent Mental health, alcoholism, and drug services — 20 percent Oregon State Police — 15...

Oregon medical marijuana dispensaries have sold an estimated $102 million in recreational cannabis since January, when the state imposed a 25 percent sales tax on pot. In the last six months the state has collected $25.5 million in sales tax revenue on those sales, and Brookings is looking to...

Salem, Ore. — As of July 31, the Department of Revenue has processed $25.5 million in marijuana tax payments this year. Medical marijuana dispensaries started collecting a 25-percent tax on their recreational marijuana sales in January. Dispensaries' second quarter returns were due August...

Let us discuss whether marijuana should be legalized, regulated and taxed similar to alcohol for adults 21 and older. Excise tax revenue alone is conservatively estimated to generate $21.5 million annually. Additionally, millions of dollars would be generated each year in corporate and...

The Oregon Legislature opened a window of opportunity for local governments interested in skimming part of the take from the state's fast-emerging recreational marijuana industry. Cities and counties can ask their voters to impose a 3 percent sales tax on recreational pot - and even if the taxes...