Cost of Starting an MMJ Business Drives Minnesota Applicants Away
Officials in Minnesota are working to get medical marijuana off the ground more than two months after the legislature approved it. But there are significant obstacles that are likely to deter many companies hoping to join the new market. For one thing, only two businesses will be chosen to grow and distribute weed in the […]
Colorado Weed Brings in Nearly $25M in June
Legal marijuana continues to bring home the bacon in Colorado. In June the weed industry sold $24.7 million worth of marijuana, a new record and a 19 percent increase from the month before. This will add even more money to state tax coffers. Since the start of the year, when the first pot shops opened […]
Colorado MJ Tax Haul Smaller than Expected
Marijuana tax revenue in Colorado has fallen behind early projections, though demand is high and the industry itself continues to thrive. The Colorado Department of Revenue reported just $12 million in tax payments between January and July, the end of the fiscal year. Early on, officials estimated the state would pull in at least $33.5 […]
Tax Experts Disagree on Tax Haul from Legal Weed in Oregon
Tax experts hired by the Oregon Legislature predict legal marijuana would generate a relatively small amount of money for the state. The tax analysts, who worked with the Legislative Revenue Office, said in late July that legal weed would generate $16 million in tax revenue during the first year it’s available. That result is much […]
Tax Estimates Drop for Legal Weed in Washington
Washington State will likely fall short of predictions for tax revenue from the legal marijuana industry, according to the Moody’s credit rating agency. With the first shops opening months behind schedule, the state levying a steep tax on weed purchases, and the medical and black markets offering a cheaper alternative, Washington’s tax take will probably […]
Colorado Marijuana Group Sues over Tax
A group of marijuana proponents in Colorado have filed a lawsuit seeking to block the state from collecting certain taxes on weed sales. Attorney Rob Corry filed the suit in Denver District Court. In it, he claims pot providers in Colorado could incriminate themselves under federal law by paying taxes. Colorado has had medical marijuana […]
Washington Weed Tax Drives Down Revenue Estimates
Washington’s recreational weed law has run into serious problems, even as the state prepares for the opening of its first legal pot shops. When voters approved Initiative 502 in 2012, they legalized marijuana and imposed a multi-tiered tax on cultivation and sale of the drug. Now, with consumers forced to pay an extra 44 percent […]
North Fork reps split as New York OK’s medical marijuana – Riverhead News Review
|
North Fork reps split as New York OK’s medical marijuana
Riverhead News Review A 7 percent excise tax will apply to medical marijuana. Tax revenues will be divided among the counties where the product is manufactured and dispensed, the state Office of Alcoholism and Substance Abuse Services and the Division of Criminal Justice. |
Lafayette could become first in Colo. to tax sales of infused marijuana … – Boulder Daily Camera
|
Lafayette could become first in Colo. to tax sales of infused marijuana …
Boulder Daily Camera If approved by the City Council, the marijuana tax question would appear on Lafayette’s municipal ballot in November. Contact Colorado Hometown Weekly staff writer Doug Pike at 720-648-5022 or [email protected] Print Email Font Resize Return to … |
Join our email list!