Legalizing Marijuana May Generate Billions Of Dollars In Taxes

While raising revenues has always been a major concern for governments, the U.S. may already have a feasible solution in marijuana. Numerous proponents of marijuana legalization claim that in addition to the recognized health benefits entailed, marijuana legalization will also open up a significant stream of new revenue that can contribute to the national budget. […]

Medical Marijuana Dispensaries Prevail In The Face Of Rising Taxes

There have been many instances throughout history when state governments find themselves on the opposing sides of the federal government. One particular issue that has become increasingly prominent recently is the legalization of marijuana. At present marijuana has already been legalized for medical use in 18 states and in Washington D.C. In fact, Washington and […]

Tax Laws Target Medical Marijuana Industry

Tax laws are notorious for being difficult to deal with, but the laws regarding the taxation of marijuana are especially challenging. At present, 18 states and Washington D.C.  have legalized the use of marijuana for medical purposes, and Colorado and Washington have even decriminalized recreational use. Even so, the IRS basically places legal marijuana dealers […]

Arizona Attorney General To Tax Pot

Phoenix (Wednesday January 26, 2011) – Attorney General Tom Horne today announced that he is recommending to the Arizona Department of Revenue that medical marijuana, made legal in a recent initiative, be taxed by the State. Horne stated, “I was opposed to the medical marijuana initiative during the 2010 election, but it was passed by […]

Medical Marijuana fees to aid Arizona program

Arizona health officials will dip into a pot of money generated by medical-marijuana fees with the goal to improve the state’s controversial new program. The Arizona Department of Health Services will soon spend more than $1.2 million to weed out physicians who improperly recommend marijuana to patients, help train marijuana-dispensary staff, hire private accountants or […]

Paul Ryan Claims To Be OK With Medical Marijuana States

The opening salvo in disinformation regarding medical marijuana has been fired by Republican vice presidential candidate Paul Ryan. Yesterday, in an interview with a Colorado radio station, KRDO – TV Ryan stated that he believed that the states which have voted for medical marijuana, although it goes against federal guidelines, should be allowed to decide […]

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