13 California marijuana dispensaries owe $12 million in taxes, says report
Thirteen medical marijuana dispensaries owe more than $12 million in unpaid state taxes, according to a recently published Board of Equalization report.
Search Results for: Tax revenue
Montana lawmakers consider taxing medical marijuana
Montana lawmakers are considering a 6 percent sales tax on medical marijuana, but oopponents say the tax would be a hardship on medical marijuana users.
Strange twist: FBI honors youth program that’s partly funded by Colorado pot taxes
The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.
Massachusetts looks for “sweet spot” for taxing marijuana
The legislative committee reviewing Massachusetts’ new recreational marijuana law said they are looking for the “sweet spot” for sales tax on marijuana.
Colorado county using $425K in local pot taxes for college scholarships
Pueblo County is expanding its marijuana scholarships program through its excise tax on cannabis cultivation in the southern Colorado region.
Glenwood Springs cannabis tax increase in hands of voters
Glenwood Springs voters will decide two city marijuana tax questions in the April 4 municipal election. And, although no decisions have been made about how the hundreds of thousands of dollars in anticipated new tax revenues would be spent if voters approve the measures, it could reopen talks about establishing a detox center in Glenwood Springs or elsewhere in the region.
Tax hike: What it could mean for consumers, industry in Colorado
A look at how the Colorado marijuana tax hike may play into factors such as supply-and-demand, black market pull, pricing, end costs, and short- and long-term state fiscal strategies.
Nevada gov proposes a 10 percent tax on marijuana sales — here’s where the money would go
Gov. Brian Sandoval outlined his budget blueprint for his final two years in office by proposing more than $115 million. Here’s where the money would go that would be funded by marijuana sales.
Gov floats pot tax hike to bridge school funding gap in Colorado
Gov. John Hickenlooper asked Colorado lawmakers for a 50 percent increase in pot sales taxes starting July 1 to send an additional $42M to public schools.
Colorado budget: Gov wants $6M to enforce marijuana laws, fight homelessness with pot taxes
John Hickenlooper likened today’s fight against the so-called “gray market” to what happened with alcohol during the era of prohibition.
California cannabis growers call for changes to Prop. 64 harvest tax
State legislators and cannabis cultivators are calling for legislative changes to the cultivation tax structure established under Proposition 64.
What legal states need to know about sketchy pot tax predictions
Before Colorado’s groundbreaking marijuana sales started in 2014, pot tax projections were all over the map. There are lessons in getting the forecast right.
This governor wants to legalize marijuana for all, ‘tax the heck out of it’
The governor disclosed his plan for recreational marijuana legalization a week after vetoing a bill allowing medical marijuana patients to grow at home.
Pot tax haul of $1.36 million now in limbo — how will Colorado county give it back?
An Adams County recreational marijuana tax that a state high court found Thursday to be invalid collected more than $1.3 million dollars over the 18 months its been in effect that could now have to be refunded.
This Colorado county may have to return $500K in marijuana taxes collected to fund scholarships
The Colorado Court of Appeals has found that Adams County’s controversial, voter-sanctioned special marijuana tax is invalid, reversing the opinion of a lower court and siding with with three cities — Northglenn, Aurora and Commerce City — that sued over the tariff.
Sad trombone: This newly legalized state won’t reap pot taxes next year
State officials aren’t expecting any quick financial windfall from the state’s new recreational marijuana law.
Legal California cannabis could deliver $1 billion in pot taxes. Here’s how they’ll spend it
Legalized recreational marijuana in California is estimated to deliver $1 billion in sales tax revenues annually to the state.
Hand over the cash: Alaska collecting first marijuana tax payments from weed businesses
The state has begun receiving its first marijuana taxes cannabis businesses, one month after the start of legal pot sales in Alaska.
Colorado gov debuts plan to battle homelessness with pot taxes
Diverting marijuana taxes to housing programs would require a change in law — a move that may generate opposition in the forthcoming legislative session.
Why a tax break for California medical marijuana patients may be short-lived
Prop. 64 didn’t specify when the sales tax reduction for California medical marijuana patients would kick in.
This is how Alaska businesses will have to make marijuana tax payments to the state
With legal cannabis sales underway in Alaska, growers will soon be submitting their first marijuana tax payments to the state.
Everybody wants a piece of the pot tax pie. What’s plan for state spending?
Here’s a glance at how pot tax revenue has been put to use in states with recreational marijuana, and some directions the money may go in newly legal states.
How some marijuana taxes will be utilized in Colorado’s 2018 budget
Colorado Gov. John Hickenlooper’s budget plan will not meet spending demands for education, health care and road construction. Here’s how marijuana taxes will be utilized in 2018.
Tax troubles for cannabis industry: Why the pot-punitive IRS Code 280E isn’t going anywhere
Nearly three years into sales of recreational marijuana in Colorado, IRS Code 280E is still taking its toll on legal cannabis businesses, a tax expert says.
Auditor: Denver needs more pot-tax transparency
Denver should do more to improve its public presence and increase transparency about the use of recreational-pot tax revenue, according to a report by the city’s auditor.
