tax

Town officials are seeking to charge recreational marijuana sellers the "local tax option" permitted by state law. The revised Massachusetts recreational marijuana law, passed by the Legislature and signed by Gov. Charlie Baker in July, calls for recreational marijuana to be taxed 17 to 20...

Nevada's legal pot shops sold roughly $33.5 million worth of recreational marijuana products in August, the state Department of Taxation revealed Monday, an increase of nearly 24 percent compared to July, the first month of retail weed sales. Nearly a year after Nevadans voted to legalize...

Linn County Commissioner Roger Nyquist believes the $243,000 the county has received as its share of the marijuana sales tax should be funneled to the Juvenile Department and Linn County Drug Court. But the issue has not come yet come before the full board, which includes John Lindsey and...

Montana medical marijuana providers paid about $300,000 in taxes for the first quarter, which ended in September. The tax was the first of its kind on the Montana medical marijuana industry, which is seeing a resurgence in enrollment after the passage of more comprehensive regulatory laws...

Colorado marijuana sales continue to hit new milestones, surpassing $1 billion in sales two months earlier in 2017 than they did in 2016, according to tax-revenue data from the Colorado Department of Revenue. Totaling retail and medical marijuana sales tax from sales largely made through August...

With two weeks to go before lawmakers vote on new marijuana legislation, state analysts have yet to calculate the fiscal impact of Maine's adult-use cannabis bill. Lawmakers tasked with setting up the new recreational market had projected Maine would collect about $21.4 million a year in...

The Silver State is seeing green, having hauled in $3.68 million in state tax revenue during the first month of legal marijuana sales. The bulk of the revenue was generated by Nevada's 10 percent retail tax on sales of recreational marijuana, totaling $2.71 million in July, the Nevada...

If you sell cannabis or cannabis products, you must register with the California Department of Tax and Fee Administration (CDTFA) for a seller's permit. Cannabis cultivators, processors, manufacturers, retailers, microbusinesses, and distributors making sales are required to obtain and maintain...

While the focus of the cannabis debate in South Australia has been on legalizing it for medical uses, the real job and investment creation opportunity lies in building a recreational cannabis industry. There are now nine states in the US, including California, where cannabis for recreational...

At the end of today's First Ministers Meeting in Ottawa, Prime Minister Justin Trudeau told unsuspecting premiers about his plan to tax recreational cannabis. He proposed that the federal government impose a dollar-a-gram excise tax up to prices of $10. On cannabis priced higher than $10 a...

New York's fledgling medical marijuana program has faced its share of obstacles: Tepid doctor interest, limited certified patients and a restrictive law that makes expansion difficult. But the main factor at the center of the state's ongoing struggle to build a sustainable medical marijuana...

Canada's biggest medical cannabis producers are seeing their stock prices rise after the federal government announced a plan to levy a one dollar per gram tax on recreational marijuana sales, once the drug becomes legal in July. Shares of Canopy Growth Corporation, Canada's largest cannabis...

Sin City–and other areas of Nevada–are raising some serious cash with their latest vice. July was the first month of legal recreational marijuana sales in the state, which has just announced the tax impact. All totaled, medical and recreational cannabis sales generated $3.68 million in tax...

A Maine legislative panel agreed Thursday on how to divvy tax revenue from recreational marijuana sales after putting the kibosh on drive-thru sales, internet sales and home delivery. The Joint Select Committee on Marijuana Legalization Implementation wants to provide 5 percent to towns that...

Nine years after the legalization of medical marijuana in Michigan, not only are the rules confusing, but state and municipalities with medical marijuana ordinances have made little revenue from the industry. The product has not been taxed and the hundreds of dispensaries statewide are not...

Come January, things will change in the state of New Jersey no matter who the state taps to succeed Gov. Chris Christie. Christie, a Republican, will leave office after eight years. It'll be the first time in nearly three decades the state's residents have had that amount of time the same...

The legal saga of who can transport recreational marijuana to the state's pot shops continues, with the Nevada Supreme Court issuing a temporary injunction prohibiting the state Department of Taxation from licensing marijuana businesses as distributors. The Supreme Court, in an order dated...

Mainers could pay a 20 percent sales tax on purchases of recreational marijuana if a bill proposed by the Legislature's marijuana implementation committee becomes law. The tax is double what was proposed in a ballot initiative approved by voters last year. But it's similar to the effective...

The Nevada Tax Commission on Tuesday dealt another blow to liquor distributors hoping to hold a monopoly on distributing retail marijuana throughout the state. Tax commissioners voted to uphold a determination by the Nevada Tax Department that there are not enough licensed liquor distributors...

The plaintiffs in a lawsuit claiming Mendocino County's cannabis business tax is unconstitutional have appealed the court's decision to dismiss the suit. "All consumers of medical cannabis will ultimately pay that new tax, which is in addition to all the ordinary sales and other taxes that...