tax

  1. Katelyn Baker

    California's Legal 'Pot' Industry Ripe For Push To Collect State Tax

    Los Angeles - California's legal marijuana industry is expected to involve everything from backyard growers to sprawling fields in the farm belt, storefront sellers along rural roads to chain-store like outlets in Los Angeles. State tax collectors are taking initial steps to get a hand into...
  2. Katelyn Baker

    MT: Missoulian Editorial - Don't Tax Medical Marijuana

    Montana's new medical marijuana initiative hasn't even taken full effect, with thousands of critically ill patients still awaiting legal access to the only medication that relieves their suffering, and already they are facing the possibility of hefty taxes on medical marijuana sales in the...
  3. Katelyn Baker

    CA: Prop. 64 - Legalized Marijuana May Generate Less Tax Than Planned

    Many medical marijuana patients were worried that a ballot measure legalizing cannabis for recreational use in California would make the price of their medicine go up. Instead, for some of them, pot just got cheaper, though maybe not for long. The Board of Equalization recently sent notice...
  4. Katelyn Baker

    MA: 3 Things To Watch For That Could Delay Or Alter The Marijuana Law

    Beacon Hill is abuzz over what changes might be made to the voter-passed law legalizing the recreational use of marijuana. Lawmakers, who opted not to take up legalization via legislation, are now considering how the law can be tweaked. Still to be determined is exactly what constitutes a...
  5. N

    Flipping the switch

    I am a relatively new import to Washington state and have the right motivation to consider the opportunity of a commcercial grow. Does anyone have any advice from going through the process themselves (licensing, tax filing requirements, anything that might help...). Thanks in advance.
  6. Katelyn Baker

    California Begins Taking Stock Of Budding Marijuana Industry

    Los Angeles - California's legal marijuana industry is expected to involve everything from backyard growers to sprawling fields in the farm belt, storefront sellers along rural roads to chain-store-like outlets in Los Angeles. State tax collectors are taking initial steps to get a hand into...
  7. Katelyn Baker

    The Tax Man Cometh - California Ponders Legal Pot, Paying Up

    Los Angeles - California's legal marijuana industry is expected to involve everything from backyard growers to sprawling fields in the farm belt, storefront sellers along rural roads to chain-store like outlets in Los Angeles. State tax collectors are taking initial steps to get a hand into...
  8. Katelyn Baker

    MT: Bullock's Medical Marijuana Tax Opposed By Advocates, Republicans

    Cut-off medical marijuana patients are caught up in state house budgetary jockeying as members of the Republican-controlled Legislature oppose a proposed budget from Gov. Steve Bullock that includes a 6 percent tax on medical marijuana sales. Senate President Scott Sales, R-Bozeman, called...
  9. Katelyn Baker

    MT: Governor, Legislators Eyeing Tax Of Marijuana

    Billings - Proposals to tax Montana's 12-year-old medical marijuana program could hit patients dealing with serious medical conditions, but the move is hardly without precedent. A budget proposal released by Gov. Steve Bullock this month includes a 6 percent tax on medical marijuana sales to...
  10. Katelyn Baker

    CO: CSU-Pueblo Marijuana Research Institute Funds Finalized

    The Pueblo County commissioners finalized an agreement with Colorado State University-Pueblo to use marijuana excise tax to help fund impact studies that will be conducted by the school's newly formed Institute of Cannabis Research. During a work session Oct. 31, officials with CSU-Pueblo...
  11. Katelyn Baker

    Legal Weed Businesses Are Worried The IRS Could Tax Them Out Of Existence

    When California voted to legalize recreational marijuana use in November, few people were as thrilled as Steve DeAngelo. Sporting his signature porkpie hat and braided hair while seated in the massive grow operation he's building south of San Francisco, the longtime activist and weed industry...
  12. Katelyn Baker

    MA: Proposed Changes Could Defeat The Purpose Of The Marijuana Law

    Rather than "fix" the law voters just approved to regulate marijuana like alcohol, columnist Shirley Leung's prescriptions would defeat the goals of the new law and promote the continuation of the black market ("Ways to salvage marijuana law"). Her proposal to eliminate the right of residents...
  13. Katelyn Baker

    Medical Marijuana Won't Be Taxed In California Until 2018

    Marijuana legalization is going more smoothly in some states than in others. A major reason that four more states legalized recreational marijuana this year is the tax revenue that pot brings in. Last year, Colorado collected over $70 million in tax revenue from marijuana - nearly double the $42...
  14. Katelyn Baker

    OR: Learning The Lessons Of Legal Pot

    Who says Oregon voters never will approve new taxes? In the Nov. 8 election, voters in 111 Oregon cities and counties faced a measure to impose a brand-new tax. The measure passed in all 111 localities. Of course, it was a measure to impose a local 3 percent tax on the sales of...
  15. Katelyn Baker

    California Cannabis Tax Rules Clarified

    Retailers selling medical cannabis and derivatives will not collect sales or use taxes from card carrying patients or their caregivers. Authorities from the State Board of Equalization clarified new tax rules Thursday. Medical marijuana identification cards (MMIC's) will have to be shown to...
  16. Katelyn Baker

    CA: Tax Break, One Year Early For Some Medical Marijuana Patients

    Palm Springs, Calif. - Just like a puff of smoke, some medical marijuana users will be paying a little less out of pocket. Proposition 64 included a tax for recreational marijuana when it becomes available in 2018. At the same time, it's giving an early tax break to people with county-issued...
  17. Katelyn Baker

    MA: Marijuana Tax Will Be At Least 12%, Lawmakers Want It Higher

    West Springfield, Mass. — We are less than a month away until it becomes legal to possess, smoke and grow marijuana in Massachusetts. State lawmakers have different ideas on how to spend the marijuana money, but they all agree the tax rate could go higher. Starting on December 15th, adults...
  18. Katelyn Baker

    Legal Pot Means Temporary Tax Break For Some Medicinal Marijuana Users

    Los Angeles — Some California medical marijuana users are getting a tax break. State officials announced Thursday that certain purchases of medical cannabis are now exempt from sales taxes, under the law approved by voters this month that legalized recreational pot in California. Under the...
  19. Katelyn Baker

    Money Matters In Marijuana Measures

    Voters in four states across the country approved ballot measures Nov. 8 to legalize the recreational use of marijuana: California, Maine, Nevada and Massachusetts. That brings the total number of states in the U.S. where recreational marijuana use is allowed to seven. However, many of those...
  20. Katelyn Baker

    AK: Growers Will Soon Be Submitting Their First Tax Payments To The State

    Anchorage, Alaska - With legal marijuana sales underway in Alaska, growers will soon be submitting their first tax payments to the state. For most businesses, that wouldn't be a problem: They'd just cut a check. But some banks are leery about dealing with pot businesses since marijuana...
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