Browsing: Tax

North Dakota’s tax commissioner estimates that adult-use cannabis taxes in the state could reach $7.281 million every two years based on a 5% sales tax rate, the…

The California Governor’s Office of Business and Economic Development (GO-Biz) announced a new batch of cannabis tax revenue community investments on May 31. This round’s grants for fiscal…

Revenue generated by adult-use cannabis markets in the U.S. is showing its true impact on the economy. According to a report  by the Marijuana Policy Project…

The Alaska House of Representatives on Friday passed significant tax reforms for the state’s adult-use cannabis industry in what would be the first major legislative change…

A St. Louis, Missouri County Circuit judge last week ruled that municipalities can add – or stack – additional sales taxes on cannabis sales in the…

Adult-use cannabis sales in Pennsylvania could bring in more than $1 billion in tax revenues to the state over the five years following the rollout of…

California’s cannabis taxes are a disaster, with no end in sight. I’ve written about the state’s tax problems extensively, but today I want to talk about…

Rhode Island Gov. Dan McKee (D) has proposed decoupling state and federal taxes for cannabis industry operators as a partial workaround for IRS code 280E, Marijuana…

Under New York Gov. Kathy Hochul’s (D) budget proposal for fiscal year 2025, cannabis operators would no longer be required to pay taxes based on product…

Adult-use cannabis retailers in Illinois sold a record $1.6 billion worth of cannabis products in 2023, which generated $416 million in tax revenue for the state,…