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New York : Statewide Decriminalization Takes Effect Today

New York : Statewide Decriminalization Takes Effect Today

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PreviousStudy: Not in my backyard? Not so fast. The effect of marijuana legalization on neighborhood crime
NextSouth Los Angeles: City Officials Target, Shut Down Unlicensed Cannabis Dispensary

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Latest Cannabis Tax News

IRS Chief Says Agency Would ‘Prefer’ If Marijuana Businesses Could Pay Taxes Electronically

IRS Chief Says Agency Would ‘Prefer’ If Marijuana Businesses Could Pay Taxes Electronically

Marijuana Moment reports The head of the Internal Revenue Service (IRS) told Congress this week that the federal agency would “prefer” for state-legal marijuana businesses to be able to pay…

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“It’s going to be a turkey shoot”……California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

“It’s going to be a turkey shoot”……California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

Mj Biz Report   Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting…

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Daria Nagel – Cannabis CPA: Marijuana Dispensary Profit Margin

Daria Nagel – Cannabis CPA:  Marijuana Dispensary Profit Margin

You are considering to open up a dispensary and are trying to figure out your future profits. Congratulations on this big decision! In this article I will explain a couple…

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New Mexico cannabis producer seeks $583K tax refund

New Mexico cannabis producer seeks $583K tax refund

The Santa Fe New Mexican reports……A medical cannabis producer has filed a lawsuit attempting to force the Department of Taxation and Revenue to comply with a year-old New Mexico Court…

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Article: Does New York’s Cannabis Tax Idea Offer a Glimpse of the Future?

Article: Does New York’s Cannabis Tax Idea Offer a Glimpse of the Future?

February 9, 2021 Like many states, New York is debating cannabis legalization, which means lawmakers must figure out how to tax cannabis sales. Last month, Gov. Andrew Cuomo proposed a…

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Tax Foundation Article: Tax-A-Rama in Maryland

Tax Foundation Article: Tax-A-Rama in Maryland

The potential override of Gov. Larry Hogan’s (R) veto of a digital advertising tax (HB732) looms large over the current legislative session in Maryland, though it is only one of many…

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Illinois collects $205.4M in cannabis taxes

Illinois collects $205.4M in cannabis taxes

The Telgraph reports About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or the R3 program, and it’s…

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Oklahoma: Oil & gas receipts down 35%, marijuana up 60%

Oklahoma: Oil & gas receipts down 35%, marijuana up 60%

That tells you something about the world we’re moving into….. OKLAHOMA CITY (KOKH) – January Gross Receipts dropped by almost 6% compared to monthly collections from January of last year…

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Grant County Oregon Approves Rec Cannabis Tax Ordinance

Grant County Oregon Approves Rec Cannabis Tax Ordinance

Grant County Court finally approved the county’s recreational marijuana tax ordinance Jan. 27. The 3% tax on marijuana products will take effect 90 days after last week’s second reading. County…

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US Census Bureau To Collect Cannabis Tax Data From States

US Census Bureau To Collect Cannabis Tax Data From States

Marijuana Moment reports The U.S. Census Bureau is announcing another new plan to begin collecting and compiling data on revenue that states generate from legal marijuana. The latest move—to add…

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