Law 360 Article: 5 Things Cannabis Biz Attorneys Should Know About Tax Law
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Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers
Hemp Industry Daily reports.. Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally…
OR Cannabis Tax Revenue Jumps
The Portland Business Jnl reports Oregon fiscal year closes with a surge in cannabis tax revenue A record $15.2 million arrived in June, besting the previous monthly best by more…
Evaston Illinois Leads US On Reperations Using Cannabis Tax Revenue Says Report
My Central Oregon reports….. Evanston, Illinois, not only adopted a resolution for reparations as part of the city budget, it found an inventive source of funds: tax revenue from newly…
National Law Review Article: Tax Woes of the Cannabis Plant
Well worth a read . here’s how they introduce the piece.. With the emergence of state-sanctioned marijuana businesses over the last 10 years, the application of § 280E has left…
New Jersey Moves To Lower Medical Cannabis Sales Tax
Tha cannabis Business Times reports.. The New Jersey Treasury Division of Taxation recently announced that, effective July 1, sales tax on medical marijuana is reduced to 4% from the previous…
PLANNING DEPARTMENT’S ACCOUNTING OF MONEY COLLECTED FROM CANNABIS INDUSTRY ‘NOT TRANSPARENT,’ SAYS HUMBOLDT COUNTY CIVIL GRAND JULY
Redheaded Blackbelt reports from Humboldt County…. Report from the Humboldt County Civil Grand Jury: SUMMARY In the wake of the historic referendum, Proposition 64, that legalized recreational cannabis in California,…
Illinois earns $52M in revenue from first 6 months of adult-use cannabis sales
ILLINOIS — Governor Pritzker announced Tuesday that the state has earned $52 million in revenue during the first six months of Illinois’ new adult-use cannabis industry. Last year, the Governor signed…
Press Release: Twelve Illegal Cannabis Retailers Served Tax Warrants in Greater Los Angeles
“The CDTFA’s collaboration with the CHP is an important deterrent to tax evasion,” states CDTFA Director Nick Maduros. “Tax evasion unfairly shifts the burden onto all other taxpayers and makes it tough for those businesses that are playing by the rules to survive.”
MJ Biz Report: California enacts tax warrants in fight against illicit marijuana businesses
In California’s ongoing battle against the illicit cannabis market, the state’s central tax collection agency served a dozen tax warrants to illegal marijuana retailers in Southern California in recent weeks….
Salinas cannabis business owner pleads to insurance, tax fraud
The Californian Reports…..The owner of a marijuana business in Salinas admitted to avoiding taxes and not paying for worker’s compensation insurance, the Monterey County District Attorney’s Office said. On Tuesday,…