Hochul proposes repeal of NY’s marijuana ‘potency tax’ January 16, 2024 AggregatedNews New York 0 Comments Gov. Kathy Hochul’s executive budget released Tuesday proposes repealing a state “potency tax” on marijuana products that industry stakeholders said has deterred legal retail sales and driven more consumers to buy their products from unlicensed vendors. Hochul’s proposal, which follows… Read More→
Colorado voters reject marijuana tax hike, two other statewide ballot measures November 4, 2021 AggregatedNews Colorado, Taxes 0 Comments Other measures would have reduced property tax assessment rates, required all state spending to go through legislature Colorado voters defeated Proposition 119, a proposed increase to the state’s retail marijuana sales tax that would have helped fund out-of-school learning efforts,… Read More→
How to Save $200,000 (and Lose $3 Million) Launching Your Cultivation Start-Up March 1, 2021 Ryan Douglas Cultivation, Spotlight 0 Comments Start-ups have two options for building a new cultivation site: they can either piece together all of the individual components that make up a cultivation facility or invest in a turnkey project. Although turnkey facilities initially cost more than do-it-yourself… Read More→
Connecticut lawmakers will make new push for marijuana legalization this year January 22, 2020 AggregatedNews Connecticut 0 Comments After coming close in 2019, Connecticut lawmakers will make another push in 2020 to regulate and tax marijuana for recreational use. The leaders of three key legislative committees met last week to discuss the effort, said Rep. Jason Rojas, chairman… Read More→
A Chicago suburb wants to give reparations to black residents. Its funding source? A tax on marijuana. December 4, 2019 AggregatedNews Illinois 0 Comments In Evanston, Ill., city officials are hashing out a plan for racial equity — with emphasis on the hash. As Illinois prepares to legalize recreational marijuana, the Chicago suburb has voted to tax the sale of cannabis — expected to… Read More→
NJ marijuana legalization: Phil Murphy, legislators announce legal weed deal. Is a vote next? March 12, 2019 AggregatedNews New Jersey 0 Comments After more than a year of negotiations, Gov. Phil Murphy and legislative leaders have reached a final deal on New Jersey marijuana legalization. A vote to legalize weed in the Garden State could come later this month. "Legalizing adult-use marijuana… Read More→
Marijuana Tax in New Jersey? It Could be $42 an Ounce February 20, 2019 AggregatedNews New Jersey 0 Comments Gov. Philip D. Murphy and Democratic legislative leaders in New Jersey have reached an agreement that could place the state on a path to legalizing recreational marijuana this year if they are able to win enough support in the state… Read More→
Canadian Marijuana Stocks Soar After Trudeau Proposes $1 per Gram Tax November 13, 2017 AggregatedNews Canada 0 Comments Canadian marijuana stocks surged Friday after Prime Minister Justin Trudeau’s government proposed a tax of one dollar a gram of legalized recreational marijuana. The government said Friday the tax shouldn’t exceed C$1 (79 U.S. cents) a gram or 10 percent of… Read More→
California Marijuana Taxes Expected to Reach 45% November 1, 2017 AggregatedNews California 0 Comments Buying legal marijuana in California could be pricey enough to keep the black market healthy. Between customers, retailers and growers, taxes on cannabis may reach as high as 45% in parts of the state, according to a Fitch Ratings report.… Read More→
Illinois Lawmakers Consider Marijuana Legalization April 20, 2017 AggregatedNews Illinois 0 Comments As the czar of Colorado's marijuana program, Barbara Brohl says she is neither pro- nor anti-pot. But she believes the legal market for the drug is eating into the black market, funding drug abuse treatment and prevention and providing a… Read More→
Hickenlooper Proposes 50 Percent Marijuana Tax Increase for Public School Assistance January 19, 2017 AggregatedNews Colorado 0 Comments Gov. John Hickenlooper on Tuesday asked Colorado lawmakers for a 50 percent increase in sales taxes on recreational marijuana starting July 1 to send an additional $42 million to public schools. The Democrat wants to increase the recreation sales tax… Read More→
California Medical Marijuana Cardholders Catch Huge Tax Break Through 2017 November 18, 2016 AggregatedNews California 0 Comments Benjamin Franklin said that taxes, like death, are one of life’s few certainties. But due to a glitch in the technical language of California’s successful marijuana legalization initiative, the state’s pot smokers may prove him wrong. California’s marijuana legalization initiative… Read More→