taxes

During Simon & Garfunkel's legendary concert in New York's Central Park in 1981, Paul Simon took a moment to thank those who made the show possible: police and fire departments, parks commissioner, the mayor. Then he made special note of "people that never get recognized for doing good things...

Prospects for tax cuts are greater than ever now that the U.S. Senate narrowly approved a GOP tax bill early Saturday morning. The House of Representatives passed another version of tax reform in November. Now, the two chambers must work out their differences to produce a final bill for...

CFAMM (Canadians for Fair Access to Medical Marijuana) are asking people to let the government know taxing medical cannabis is wrong. Join the #DontTaxMedicine campaign and make your voice heard TODAY. On November 10th, the Department of Finance announced a proposal to apply excise tax to both...

Last November, Massachusetts legalized recreational marijuana. In the year since, this budding industry has had to face a slew of different challenges, obstacles and naysayers. With the first dispensary set to open in July, the state is still in the process of figuring out how this new industry...

Tax collections top $3.7 million since sales began Alaska is continuing to make more money from marijuana, according to new figures from the Alaska Department of Revenue. The state collected $723,757 in taxes from marijuana farms in September, according to excise tax director Kelly...

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. Those high taxes may keep consumers away from legal...

Voters in some parts of Alaska were deciding whether to ban commercial marijuana cultivation and retail sales, three years after the nation's largest state passed a voter initiative legalizing the recreational use of the drug. The votes Tuesday came during local elections in the state's major...

There are some choice nuggets for marijuana fans deep in the weeds the $125 billion budget the California legislature just passed Thursday. These are called "trailer bills", little items that are rolled into the larger, omnibus budget so there is not much attention paid to them or debate about...

Twenty years after approving medical marijuana, Californians come 2018 will be able to consume it for recreational purposes, too, and the localities that have reaped the most from legal cannabis sales may be best positioned for what could be a billion-dollar windfall. Los Angeles, San...

Bremerton, Wash. - Kitsap County's first marijuana business has been shut down by regulators who alleged the recreational pot grow operation had repeatedly failed to pay its taxes. Agents with the state Liquor and Cannabis Board seized about 2,000 plants and clones from Nine Point Growth...

California voters approved the legalization of recreational marijuana use in November, and now regulators are hard at work devising the new rules and fees to be imposed. There seems to be some considerable doubt, however, as to whether the regulations will be ready to go by next year, when...

Cannabis consumers could be paying more Colorado marijuana tax come July 1. As with any proposed tax increase, the prospect has been met with some concern amid the news that one of the state's pot taxes would increase 50 percent. At issue is a proposal floated this week by Colorado Gov. John...

Sales of recreational marijuana in Oregon continued to plummet in December, figures from the Oregon Department of Revenue show. Taxes collected on sales totaled $5.6 million in December, a 13 percent decline from November and a 28 percent drop from the peak of $7.8 million in October. For...

Concerns have been raised that a proposal by Gov. John Hickenlooper to raise marijuana taxes would divert sales to the illegal market. It's an interesting theory, considering the governor's office has made curbing so-called "gray" and "black" market sales a priority. But former state Sen. Pat...

Sacramento — Today, Senators Scott Wiener (D-San Francisco) and Toni Atkins (D-San Diego), in collaboration with Board of Equalization Chair Fiona Ma (who is sponsoring the bill), will introduce legislation — the Cannabis Safe Payment Act — to make it safer and simpler for cannabis business...

Black Friday means hot deals for many people, but for one Washington industry, it means a whole lot of green in one day. "Black Friday is coming up and I think this year is going to be the first year that pot really sells, with taxes, far far below what the elicit market was charging," Ian...

Little Rock, ARK. - Arkansas lawmakers are considering delaying the launch of the first medical marijuana program in the Bible Belt as well as an effort to impose additional taxes on the drug as they work on legislation implementing a medical pot measure voters approved this month. The ideas...

Californians are expected to pass a ballot measure on Election Day legalising recreational marijuana and the prospect has cities and counties seeing dollar signs. Proposition 64 would impose state taxes on the cultivation and sale of marijuana but it also allows local jurisdictions to add taxes...

If California voters decide to legalize recreational marijuana on November 8, local governments across the state should make sure not to ruin the party. In addition to legalizing marijuana, Proposition 64 could create a windfall of revenue for state and local governments. Prop. 64 includes a...

Intent on tapping the economic green rush of legal marijuana, Mendocino and Lake counties, and Cloverdale and Point Arena, have placed cannabis taxes on the Nov. 8 ballot, with Sonoma County and Santa Rosa planning to follow suit next year. Those local and county officials see cannabis...