taxes

Marijuana legalization is reaching new heights of public approval, and voters will see new ballot proposals in five states this November. Weak taxes taint four of the initiatives - Arizona's Proposition 205, Maine's Question 1, Massachusetts's Question 4, and Nevada's Question 2. But...

For the third time in state history, California voters will be faced with the question of legalizing marijuana for recreational use. The official ballot summary for Proposition 64 says the measure could generate up to $1 billion in new tax revenue annually for state and local governments...

Placerville - An advisory committee on taxing medical marijuana grappled with a myriad of variables when it comes to regulating marijuana growers and distributors. A local tax is allowed by the new medical marijuana state law. And the approval of Prop 64, which legalizes recreational use, may...

Placerville - An advisory committee on taxing medical marijuana grappled with a myriad of variables when it comes to regulating marijuana growers and distributors. A local tax is allowed by the new medical marijuana state law. And the approval of Prop 64, which legalizes recreational use, may...

Boston - Massachusetts could not be accused of being "Taxachusetts," at least when it comes to taxing marijuana, if Question 4 on the November ballot passes. The proposal to legalize small amounts of recreational marijuana for adults calls for a tax rate on pot sales that would be lower -...

Boston - Massachusetts could not be accused of being "Taxachusetts," at least when it comes to taxing marijuana, if Question 4 on the November ballot passes. The proposal to legalize small amounts of recreational marijuana for adults calls for a tax rate on pot sales that would be lower -...

Is marijuana the new sin-tax gusher for the states? It sure looks that way. In November, voters in five states will decide on whether to allow recreational use of the drug, while citizens in four other states have the option of legalizing medical marijuana. Unlike the fierce battles of...

If California voters back Proposition 64 to legalize marijuana in November, the state will have the lowest statewide excise taxes on weed in the country. Aside from the obvious response - cheaper legal weed! - this is an important development that shows California policymakers have learned...

In less than three months, Californians will vote on legalizing production, distribution and possession of recreational cannabis. Tax revenues are central to that debate, but the really important question is not so much what taxes would be best today but how those taxes should evolve over time...

Denver - Colorado is pulling in a significant amount of money by taxing recreational marijuana, but it's not enough to pave the streets in gold. In part because supporters of legal pot hyped the potential to raise millions, some Coloradans have been left to wonder why all that money hasn't...

It clocked in at $70 million last fiscal year alone. Legal recreational marijuana is a boon for tax revenues in Colorado, according to new figures from the state’s Department of Revenue, outpacing revenue from alcohol taxes in the fiscal year ending on June 30. Colorado collected almost $70...

Taxes on the sale of recreational marijuana blew past expectations in the first month they were collected, totaling $3.4 million in January instead of the projected $1 million. Several factors may account for the unexpectedly large flow, including some that suggest revenues will dip. But even if...

This is the year Alaska's legal marijuana industry will finally be up and running. Once it is, all commercial growers will have to pay taxes to the State of Alaska. The proposal on the table is $50 an once for buds and flowers, and $15 an ounce for the rest of the plant. The state's tax...