California Wrap: Los Angeles, Santa Barbara County

This article is well worth a read to understand global consumption tax policies by OECD nations. Yes it does touch on cannabis but more importantly it’s a great piece of…

DOVER, DELAWARE – State Auditor Kathy McGuiness released a report today showing that Delaware could realize more than $43 million in annual tax revenue from the regulation and taxation of legal…

It’s time for accounting professionals to embrace the cannabis industry. As accountants, we have the opportunity to be at the forefront of this exciting industry growth and have the ability…

The Chicago Sun Times reports The grants, which go to 81 community organizations, result from the law legalizing adult-use marijuana in Illinois. It requires 25% of pot tax revenues help…

Lots of reports on the issue. This is the one with the most insight The Tax Foundation reports   In his fiscal year 2022 budget proposal unveiled this week, New York…

The world of banking Cannabidiol (CBD) businesses is a chaotic one. Despite the legalization of hemp and hemp-derived products under the 2018 Farm Bill, CBD products for both human and…

The Detroit Free Press reports LANSING — An advisory group is recommending new taxes on marijuana sales to raise millions of dollars that would be used to improve diversity and help disadvantaged…

The Blue Mountain Eagle reports….Grant County will have to wait before collecting marijuana tax revenue. Although county voters approved a 3% tax on marijuana products in the November election, Grant…

This article contains a chart Potential Recreational Marijuana Excise Tax Revenue by State Based on Average Taxes Paid per Marijuana User in States with a Market for a Minimum Three…