State Tax Revenues Benefit From Legalized Cannabis Market

Marijuana is big business

NEW YORK:  The legal cannabis market is expected to generate more tax revenue for states in the U.S, according to a report from New Frontier Data. The U.S. cannabis market could generate $2.3 billion in state tax revenue from retail sales by 2020. The projection is based on the assumption for projected growth in all states currently legal Read the full article…

Recreational Marijuana Tax Begins In Oregon

he data speaks volumes. How is it that only 16 non retail marijuana licenses have been issued in four months. This is creating extreme economic hardship for many businesses.

OREGON: Starting this week, recreational marijuana sales in Oregon will be taxed at 25 percent.   Ever since medical marijuana dispensaries began selling recreational pot on October 1, the sales have been tax-free. The 25 percent tax applies to all recreational sales through the end of 2016. Later this year, the Oregon Liquor Control Commission will start Read the full article…

Weighing Enforcement And Black Market, City Introduces Marijuana Tax

TThough it’s still several steps away, Assembly members are proposing to eventually tax marijuana retail sales at five percent.

ALASKA: The Anchorage Assembly is introducing a measure to tax marijuana when sales become legal in the year ahead. The proposal hinges, however, on voter approval in April. Though it’s still several steps away, Assembly members are proposing to eventually tax marijuana retail sales at five percent. Ernie Hall chairs the committee that’s been looking at Read the full article…

America’s Marijuana Traders In Anti-Tax Revolt

Marijuana businesses continue to be seen and treated as second-rate entrepreneurs mainly because of the current system of federal taxation.

DISTRICT OF COLUMBIA:  In the US, marijuana businesses are on a war footing. Although 23 states have legalised cannabis for medical or recreational use, sellers continue to be seen and treated as second-rate entrepreneurs. The cultural prejudice of public opinion is partly to blame but it’s mainly because of the current system of federal taxation, which Read the full article…

Marijuana Tax Up In Smoke? Don’t Worry, Feds Plot 50% Tax

We say there's zero tolerance and no administrative review. That makes someone feel pretty insecure, and that's not fair."

DISTRICT OF COLUMBIA: Marijuana activists look to Colorado as a true leader, with legalized recreational use and tiered tax models. Coloradans and activists nationwide thought legalizing marijuana would mean huge tax revenues. Nationwide, there is a near intoxication promising money, jobs, appreciating real estate, and tax revenues that could achieve so much for so many. Naysayers worry about Read the full article…

Colorado Lawmakers Plan To Boost Marijuana Profits

The plan calls for transferring $3.5 million from the state's marijuana cash fund to its general fund and then sending the same amount to a state department that would apply for a federal match.

COLORADO: The federal government has reluctantly agreed to let Colorado be the first state to collect taxes from the legal sale of recreational marijuana, but it also has made clear it doesn’t agree with the move and may try to stop it, if isn’t tightly controlled. Instead of keeping a low profile with the money, Read the full article…

Colorado Pot Taxes Won’t Be As High As Hoped

The Vail Town Council on Tuesday voted 6-1 to give first-reading approval of a ban on retail marijuana stores, as well as cultivation facilities.

COLORADO:It’s been just three months since marijuana was legalized in Colorado, but economists don’t think the state will raise as much in taxes as was hoped. They had expected to raise $22.7 million before July from special sales taxes on recreational marijuana, but state economist Larson Silbaugh is skeptical. About $3.4 million was raised in January and Read the full article…

Colorado Legalized Marijuana Tax Revs Ahead Of Expectations: Moody’s

Moody's Investors Service, in a report released Friday, said legal sales in Colorado will reduce the size of the black market and revenue from legal sales will mean more tax payments flowing into state coffers.

COLORADO: Colorado, the first state to tax legalized recreational marijuana sales, expects to bring in an estimated $98 million in revenue this year, exceeding the state’s original expectations by 40 percent. The state began levying sales and excise taxes on recreational marijuana on January 1, 2014. Moody’s Investors Service, in a report released Friday, said legal sales Read the full article…

Is It Time For The U.S. To Legalize Marijuana?

Parks and Rec Executive Director Lauri Dannemiller wrote again to Chase on Feb. 27, making clear that those detailed plans would be a requirement.

COLORADO: Is it high time for the federal government to legalize marijuana? That’s what pot activists are asking a day after Colorado voters approved a historic ballot measure to tax legal marijuana sales, and Portland, Me., became the first East Coast city to vote to legalize marijuana for adults.

Is It Time For The U.S. To Legalize Marijuana?

Time for the US to Legalize? That's what pot activists are asking a day after Colorado voters approved a historic ballot measure to tax legal marijuana sales, and Portland, Me., became the first East Coast city to vote to legalize marijuana for adults.

COLORADO: Is it high time for the federal government to legalize marijuana? That’s what pot activists are asking a day after Colorado voters approved a historic ballot measure to tax legal marijuana sales, and Portland, Me., became the first East Coast city to vote to legalize marijuana for adults.