Weedweek Report: Catalyst sues Calif. tax authority

Catalyst Cannabis sued California’s tax regulator alleging the agency abused its emergency rulemaking authority to overtax dispensaries and consumers. The result could have significant implications for pot taxes in the...

6w

Cannabis Law Report

Article: Industry expert says lowering taxes on Illinois legal marijuana could boost sales

Illinois consumers pay the second highest taxes in the nation when they buy legal recreational marijuana, but an industry expert says sales may increase with lower taxes. According to the website Headset, the average item...

10w

Cannabis Law Report

Mendocino County announces reduction in cannabis business tax

Another CA country reduces its cannabis tax threshold. We’re not reporting on every tax reductionwe see but you’ll not the upswing in the apparoach not just in CA but around the country. The gravy train is over. Mendocino...

15w

Cannabis Law Report

Alaska cannabis businesses, citing black market, plead for tax relief says media report

The Alaska Beacon A legislative committee is considering a proposal that would revamp Alaska’s marijuana tax system In an unusual offseason hearing, a committee of the Alaska Legislature considered a proposal on Friday...

28w

Cannabis Law Report

Press Release: States Surpass $15 Billion in Tax Revenue From Legal, Adult-Use Cannabis Sales May 01, 2023

Washington, D.C. — On May 1st, the Marijuana Policy Project released a new report on tax revenue generated from state-legal, adult-use cannabis. As of the end of 2022, states have reported a combined total of more than...

40w

Cannabis Law Report

OR Congressman Blumenauer Says Letting Marijuana Businesses Claim Federal Tax Deductions With 280E Repeal Will Actually Generate More Revenue

Marijuana Moment reports A new congressional bill to allow marijuana businesses to take federal tax deductions that are available to other industries would actually result in the government bringing in more revenue, the...

42w

Cannabis Law Report

NORML report on Blumenauer (D-OR), Joyce (R-OH), Barbara Lee (D-CA), and Nancy Mace (R-SC) Cannabis Tax Bill

Bipartisan Bill to Normalize Federal Taxation for Legal Cannabis Businesses Introduced in House of Representatives Members of the US House of Representatives introduced legislation today to help level the playing field...

51w

Cannabis Law Report

Article: Marijuana Taxes Keep Black Markets Thriving

Twenty‐​one states have legalized some amount of marijuana for recreational use, and sixteen more allow marijuana for medical use. Critics claim black markets remain despite legalization. This is true — because legalization...

1y

Cannabis Law Report

Oregon Expects Large Decline In Cannabis Revenue

Oregon’s recreational marijuana market is saturated. The state has more retailers and production than most other states where pot is legal. Josh Lehner, an economist with the state of Oregon, says prices are low, which...

1y

Cannabis Law Report

NORML: California: Governor Signs Legislation Reducing Cannabis Tax Burden

  Sacramento, CA: Democratic Gov. Gavin Newsom signed budget legislation late last week that reduces various marijuana-specific taxes. Specifically, the legislation eliminates the cultivation tax on licensed growers...

1y

Cannabis Law Report

Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Here’s what they say Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets...

1y

Cannabis Law Report

Video News Report: Montana county cannabis taxes update

1y

Cannabis Law Report

$42+ million in Michigan marijuana tax revenue to be distributed to communities

WILX 10 Michigan LANSING, Mich. (WILX) – More than $42 million will be distributed to Michigan communities. The funds come from tax revenue generated from Michigan marijuana shops. The marijuana industry has made a lot...

1y

Cannabis Law Report

IRS Finally Provides Clarity On Whether Medical Cannabis Is Tax Deductable

The IRS  has clarified that it does not have discretionary authority to adopt policies that would allow cannabis-related deductions while the plant remains illegal under federal law. Marijuana Moment reports For anyone left...

1y

Cannabis Law Report

Report Reveals Cannabis Taxes Outraised Alcohol by 20 Percent in States with Legal Sales Last Year

Here’s what ITEP says April 19, 2022 By Carl Davis and Mike Hegeman The cannabis industry has come a long way since the first legal sale of adult-use cannabis eight years ago in Colorado. In 2021, the 11 states that...

1y

Cannabis Law Report

Proposed Oklahoma Bill Would Give Cannabis Taxes to Law Enforcement for Inspection Oversight

Cannabis Business Times writes… The proposal would provide $5 million annually to sheriff’s offices that request grants for deputies to be present during licensed cannabis inspections. An Oklahoma bill proposes giving...

1y

Cannabis Law Report

Video: $3.7 million from marijuana tax revenue goes to Kent, Ottawa, Muskegon counties and local government

 

1y

Cannabis Law Report

Montana: B-SB voters to decide if cannabis taxes, levy should be for search and rescue

Voters will decide on June 7 if recreational and medical marijuana sales are taxed in Butte-Silver Bow County and whether residents should pay about $75,000 in property taxes each year to the 15-90 Search and Rescue team. Commissioners...

1y

Cannabis Law Report

Santa Barbara County Projects $6 Million Cannabis Revenue Shortfall for 2021-22

The Santa Barbara Independent reports Because of a glut of marijuana on the market, the county’s tax revenue from cannabis cultivation is projected to be only $12.4 million this fiscal year, or $6 million less than the...

1y

Cannabis Law Report

Harris Bricken: SB 1074: California Cannabis Taxes Overhaul

Posted on February 24, 2022 Our friends at Harris Bricken take a look at California’s newest take on taxation I’ve written a couple of times about the ongoing struggle that is the California cannabis tax...

1y

Cannabis Law Report

CA: Sonoma County supervisors to consider cannabis tax relief options

The debate over tax cuts for California’s struggling cannabis industry is returning to the Sonoma County Board of Supervisors Tuesday, where supervisors will consider a two-pronged tax-relief proposal. In the short term,...

2y

Cannabis Law Report

Legislative Victory: Bill Increasing Cannabis Sales Tax in Oregon Dies

Legislation allowing city and county governments to increase local cannabis sales taxes from 3% to 10% died yesterday in the Oregon legislature. The tax increase was originally introduced as Senate Bill 1506, which passed...

2y

Cannabis Law Report

NJ: New Brunswick sets tax rates for recreational cannabis businesses

City Council members last week introduced an ordinance setting tax rates at 1 percent for wholesalers and 2 percent for other cannabis classes. The ordinance is scheduled to come for a public hearing and final vote at the...

2y

Cannabis Law Report

City of Cambridge Eliminates Local Tax on Recreational Cannabis

The Harvard Crimson.. The Cambridge City Council unanimously passed a policy order repealing a three percent “Community Impact Fee” tax on recreational marijuana in a meeting Monday evening. The policy order eliminated...

2y

Cannabis Law Report

NORML: New Mexico: Supreme Court Rules Against Imposition of Certain Excise Taxes on Medical Cannabis Products

Justices on the New Mexico Supreme Court have determined that medical cannabis products, like conventional prescription medicines, should not be subject to gross receipts taxes. REPORT SANTA FE, N.M. (AP) — The New Mexico...

2y

Cannabis Law Report

Massachusetts marijuana excise tax revenue exceeds alcohol for first time

WCVB reports Since adult-use retailers opened in Massachusetts in November 2018, gross total sales have now reached $2.54 billion, according to data from the Cannabis Control Commission. While tax data shows alcohol consumption...

2y

Cannabis Law Report

Montana: Lake County voters to consider local marijuana tax

The Lake Country Leader reports With the legal sale of recreational marijuana set to begin Jan. 1 across Montana, Lake County residents are being asked to weigh in on whether to impose a local tax to benefit county and city...

2y

Cannabis Law Report

Arizona: Maricopa community colleges get $17.1M from cannabis tax in first year of legalit

PHOENIX — Taxes from the sale of recreational cannabis during the first year of legality in Arizona resulted in millions of dollars for local community colleges, officials said Tuesday. Maricopa County Community College...

2y

Cannabis Law Report

Video: PBC Interview Series with IRS Commissioner SB/SE Examination De Lon Harris About Cannabis Taxation

Joshua Radbod, Co-Founder & CEO of the PBC Conference, interviews De Lon Harris, Commissioner of the Small Business / Self Employment Examination Division at the IRS. Join us at PBC 2022, September 7-8, 2022, at the Capital...

2y

Cannabis Law Report

California Shattered Marijuana Tax Revenue Record In Latest Fiscal Year, State Reports

Marijuana Moment reports California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. That’s 55 percent more cannabis earnings for state...

2y

Cannabis Law Report

Alaska Cannabis Businesses Owe Nearly $1.8M in Back Taxes

Ganjapreneur reports Alaska cannabis businesses owe nearly $1.8 million in back taxes due to a flat-tax structure paid by growers instead of at the point-of-sale. By the end of June, Alaska cannabis businesses owed $1,785,751...

2y

Cannabis Law Report

New York: Proposed law would allow cannabis firms to deduct business expenses

A proposed measure in the state Senate would allow adult-use cannabis firms in New York to deduct business expenses when they file their state taxes. The measure is meant to reconcile federal tax regulations that bar cannabis...

2y

Cannabis Law Report

Cato Insitute: Marijuana, Taxation, and Unintended Consequences

DECEMBER 6, 2021 We’ve been hearing stories for three years now about how California has botched its marijuana legalization with taxes and regulation that were causing some longtime cannabis entrepreneurs to prefer...

2y

Cannabis Law Report