Title: The California Marijuana Tax Problem: Why Prices Could Increase 70% in 2018
Date: 6 November 2017
Extract: Buying weed in California is about to get less risky and much more expensive. A patchwork of new policies, including special taxes, will roll out in the state before sales of recreational marijuana begin at the start of 2018.
California will include a 15% levy on all cannabis sales in the state, including medical pot products, starting in January. Meanwhile, local governments are also adding taxes for sellers and growers that could result in a 70% increase in the price of a small bag of good quality marijuana in parts of the state.
Between state and local taxes, some buyers will see an effective tax as high as 45% on adult-use cannabis in California. Proponents of legalization have long pointed to the collection of state and local taxes on marijuana sales as a big benefit.
Today’s Top News:
Winning a local License for your Cannabis operation is a crucial step in joining the Green Rush and profiting in this new economy. Our latest blog provides several best practices for potential licensees.
In the Weeds:
Check out these additional resources from our blog, your source for Cannabis business info:
- New California Cannabis Taxes Begin January 2018
- Guide to Cannabis Licensing in Coalinga, CA
- Commercial Cannabis Permits Available in Arcata, CA
- Medical Cannabis Applications Available in Adelanto, CA
- Business Licenses Available in Woodlake, CA
- How To Open a Medical Cannabis Facility in Hollister, CA
- Internal Revenue Code 280 and its application to California Corporations
Title: Alameda City Council OKs ban on smoking marijuana in public, other cannabis rules
Author: East Bay Times
Date: 8 November 2017
Just one cannabis nursery and two medicinal dispensaries will be allowed in the city under rules adopted by the Alameda City Council early Wednesday morning.
The new ordinance also bans people from smoking marijuana in public places and in multi-family housing — mirroring the city’s regulations already in place for tobacco — but allows on-site use at the dispensaries.The nursery and dispensaries cannot be located within 1,000 feet of a school or recreational center.Pot clubs are banned under the ordinance, which also limits businesses that manufacture cannabis to four and the number of testing labs to two.
Title: Big changes made to marijuana laws in Merced County
Author: Merced Sun Star
Date: 8 November 2017
Extract: Merced County leaders have decided to force all marijuana cultivation indoors, a move that did not surprise cannabis advocates but did disappoint them on Tuesday. The county passed an ordinance in 2013 that allowed medical marijuana users to grow up to 12 plants per parcel outdoors, but in the past year, Sheriff Vern Warnke has pushed for the repeal of that ordinance, arguing marijuana gardens draw crime. The county’s Board of Supervisors voted 4-1 on Tuesday to repeal the ordinance, effectively pushing all growing inside and reducing the number of legal plants to six, which is also the state standard. Supervisor Rodrigo Espinoza cast the dissenting vote.
Title: Divided Ventura County supervisors direct staff to research commercial medical marijuana issues
Author: VC Star
Date: 7 November 2017
Extract: A divided Ventura County Board of Supervisors on Tuesday directed its staff to research commercial medical marijuana business issues and report back within 120 days after the state releases new regulations for medical marijuana enterprises. The supervisors voted 3-2 on the motion, with John Zaragoza, Steve Bennett and Linda Parks in favor and Peter Foy and Kelly Long against.