tax

State revenue officials are working on the roll-out of the latest medical marijuana program with a tax on the drug – the first of its kind in the state – which could increase the agency's capacity for handling cash. Legislators passed SB333 this spring, adding a number of regulations to the...

Massachusetts is expected to get a big payoff from future recreational marijuana sales, entering a billion dollar industry. Now, many lawmakers want to use a piece of the pot money. Voters passed recreational marijuana in November of last year so you can smoke it, but you can't legally buy it...

A measure which will raise the state's marijuana sales tax to help fund Colorado rural hospitals, schools and roads is now law. Governor Hickenlooper signed the much awaited measure on Tuesday that will put nearly 2 billion dollars towards funding transportation over the next 20 years. But...

On May 26, Governor John Hickenlooper signed the bill finalizing Colorado's budget for 2017-18. Last year, the legalized marijuana industry brought in $200 million in taxes, and this budget gives us an idea of where that money is going. The $200 million was generated from three tax revenue...

The City of Woodlake is huddling with several commercial cannabis growing companies who may be interested in relocating operations to this Tulare County foothill community. "We have meetings set for this week with them and we will be asking all the questions on any plans and the size of...

Adams County continues to use disputed tax revenue from recreational marijuana sales to fund scholarships, recently announcing that 64 high school students in the county had been awarded more than $1 million in total. The scholarships, paid for through the Adams County Scholarship Fund, are...

At the office of Monterey County's Treasurer-Tax Collector, gun-toting guards now stand sentry over the parking lot and entry door. A newly renovated front office now serves as a secure drop-off point for taxpayers carrying duffel bags full of cash (payments made by appointment only). A fleet...

Federal tax agents are trawling a Colorado database designed to track pot from seed to sale as a way of proving licensed marijuana businesses are illegally trafficking in the drug. The tactic is the latest in the Internal Revenue Service's efforts at ensuring the otherwise-legitimate...

Dear Pot Lawyer, I pay a lot of tax for this weed I've been buying! Are we doing this right? I think we are, but it's complicated, and smarter people than me have strong opinions on how it ought to work. These opinions differ on big-picture questions, like who should pay the tax (you, or...

The legal marijuana industry brought in upwards of $4 billion in sales in 2016, according to a new report from the Marijuana Business Daily. And small-town America is riding the high. In the eight US states where recreational marijuana is legal, the marijuana "green rush" has breathed new...

At the office of Monterey County's Treasurer-Tax Collector, gun-toting guards now stand sentry over the parking lot and entry door. A newly renovated front office now serves as a secure drop-off point for taxpayers carrying duffel bags full of cash (payments made by appointment only). A fleet...

Marijuana proponents on Friday launched a 2018 ballot drive to make Michigan the ninth state to legalize the recreational use of the drug and the first in the Midwest to do so. The initiative has the backing of state-based marijuana advocacy groups and a key national lobbying organization...

Elise Warren came to Washington because she is tired of counting tens and even hundreds of thousands of dollars every morning before opening her store. That may sound like a fine problem to have, but for Warren, the manager of a legal marijuana dispensary in Corvallis, Oregon, operating a...

The claim: The Liberal Democrat manifesto says that legalizing cannabis would raise £1bn for the Exchequer. Reality Check verdict: £1bn seems like a reasonable estimate, although most of the figures used to make it are based on uncertain figures about currently illegal activities. When the...

Another month, another massive haul in tax revenue for Colorado marijuana sales. For the 10th month in a row, cannabis sales have exceeded $100 million in the first state in the nation to sell legal recreational cannabis. Sales tax revenue generated in Colorado for the month was just shy of...

Modesto has not yet decided whether to allow marijuana businesses in the city, what types, how many, and where to put them. And the city has not decided whether it will work with Stanislaus County on a uniform approach to regulating and taxing marijuana. But none of that has stopped Modesto...

Eureka, Calif. - At their meeting Tuesday, the Humboldt County Board of Supervisors approved a letter of support for State Assembly Bill 1410, which will allow licensed cannabis cultivators to submit tax payments through a licensed distributor. The bill is an alternative to an initiative...

I operate Peace in Medicine and SPARC cannabis dispensaries located in Sonoma County and San Francisco, respectively. Our organization also farms cannabis indoors, outdoors, and in greenhouses. For nearly 20 years now, our team has included approximately 150 employees, many of whom call Sonoma...

Setting fair and stable tax rates and assisting about 2,000 displaced marijuana growers were among the issues facing Sonoma County a day after voters approved a cannabis business tax that will initially raise more than $6 million to cover the costs of regulating the newly legal pot industry...

Sonoma County voters overwhelmingly approved a proposed cannabis business tax Tuesday by nearly 3-to-1 on a measure that had no push by supporters and opposition from local marijuana growers. With ballots from all 358 precincts counted, Measure A – placed on the special election ballot by the...