tax

Steamboat Springs – One of three groups hoping to open a marijuana grow facility in Hayden says a tax imposed by the town has created a roadblock. "At the current excise tax, we are absolutely on hold," developer Jon Peddie said. "We're moving ahead and hopefully will come up with something...

Denver – Officials in Adams County said Wednesday they will take a fight to collect taxes on recreational marijuana sales to the Colorado Supreme Court. Last month, the Colorado Court of Appeals ruled the county's tax on recreational marijuana is not authorized by state statute and not...

This past election, Pueblo voters once again gave their seal of approval to the county's retail marijuana system and, implicitly, the earmarked tax revenue it generates. The pro-pot campaign drove the message, highlighting all the needed projects that would get support from the county's...

Boston – Marijuana won't be legally sold in Massachusetts for another 18 months, yet lawmakers are already being pushed to hike taxes amid warnings of a flourishing black market if rates are set too high. A voter approved law, parts of which went into effect Dec. 15, allows residents 21 and...

On November 8th, 2016, California, Massachusetts, and Nevada legalized recreational cannabis initiatives on the ballot. Florida, North Dakota, and Arkansas voters approved medical cannabis measures in their state. Despite these huge wins, not every state was so accepting of the green...

The upcoming Montana Legislature is likely to address many questions about medical marijuana, from taxes on its sale to cannabis storefronts, all while waiting to see what the Trump administration will do at the federal level. Montana voters in November passed I-182, a citizen initiative that...

Augusta – Gov. Paul LePage has signed a proclamation verifying the results of a November ballot question that saw voters, by a narrow margin, approve the legalization of recreational marijuana in Maine. LePage confirmed the proclamation Tuesday on a talk show on WVOM radio in Bangor. But he...

California is likely to see a boon to its weed economy in the coming years, with the industry expected to topple $6 billion by 2020. But for many looking to cash in on green, tax code 280E is a major buzzkill. The tax code 280E specifically targets illegal drug traffickers. Regardless of...

One of the common selling points for regulating and legalizing cannabis has been the government's ability to tax the industry to generate potentially billions of dollars in new revenue. However, regulators' ability to enforce these new tax laws are being complicated in California by a...

One of the common selling points for regulating and legalizing cannabis has been the government's ability to tax the industry to generate potentially billions of dollars in new revenue. However, regulators' ability to enforce these new tax laws are being complicated in California by a...

Denver – Legal cannabis is booming, and with Colorado netting $1 billion in legal, regulated sales in the first 10 months of 2016, the industry's growth isn't showing any signs of slowing. Sales of both recreational and medical cannabis hit $1.1 billion by October, according to analysis of...

The upcoming Montana Legislature is likely to address many questions about medical marijuana, from taxes on its sale to cannabis storefronts, all while waiting to see what the Trump administration will do at the federal level. Montana voters in November passed I-182, a citizen initiative that...

A Colorado Court of Appeals ruling on retail marijuana sales taxation by Adams County could put at least $1.8 million in Pueblo County sales tax revenue in jeopardy. The appeals court reversed a district court ruling on Thursday that said Adams County could impose a tax of 3 percent on retail...

By the time you read this, Sonoma County's supervisors will likely have come to some decision about whether to allow commercial medical marijuana to be grown in areas zoned Rural Residential (RR) and Agricultural and Residential (AR). They continued a Dec. 6 hearing to Dec. 13 to hash out a...

Humboldt County has set its state and federal lobbying priorities for the coming year and one of the top-ranking items identifies a significant obstacle to collecting marijuana grow taxes. The county's Board of Supervisors considered its state and federal legislative platform at its Dec. 6...

Oregon's retail marijuana program has raked in at least $54.5 million in tax revenue since its inception, the state Department of Revenue announced Monday. Sales, tallied in the agency's report, came between Jan. 4 and Nov. 30. Within the tax region that includes the Columbia Gorge, Central...

"This milestone continues to show that the cannabis industry in Colorado is an engine of growth for the economy, a job creator, and one of the biggest industries in the state", said Christian Sederberg, an attorney, who played an integral part in legalizing marijuana in Colorado, CNN reports...

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, pot got cheaper — though maybe not for long. The state Board of Equalization recently sent notice that...

Tax collections from the sale of recreational marijuana were down by more than $1 million in Oregon for the month of November, according to the Oregon Department of Revenue. Last month, the state collected approximately $6.4 million from recreational marijuana sales, a 17 percent decline from...

Sonoma County supervisors on Tuesday voted to call a special election this March asking voters to impose new taxes on the cultivation and sale of marijuana which, if passed, is expected to provide the funding for implementation of broad and sweeping new regulations governing the county's...