Browsing: Tax

The Missouri Department of Health and Senior Services (DHSS) last week transferred more than $23.3 million in funds from adult-use cannabis sales to agencies outlined in…

Ohio officials say they are withholding cannabis derived tax funds from municipalities because the voter-approved legalization law did not include the appropriation of funds to cities,…

The San Diego City Council voted Monday to increase the cannabis tax paid by licensed cannabis businesses in the city from 8% to 10%, The San…

Officials from the Nevada Cannabis Compliance Board (CCB) said Tuesday during a presentation to state lawmakers that illicit cannabis sales in Nevada have grown to a…

The New Jersey Cannabis Regulatory Commission (CRC) has collected over $6 million in cannabis social equity excise fees but the state has yet to allocate any…

Michigan Gov. Gretchen Whitmer (D) is proposing including cannabis products in the state’s wholesale tax – which is applied to other smoking products like tobacco –…

During her State of the State address on Tuesday, Arkansas Gov. Sarah Huckabee Sanders (R) said she plans to use tax revenues from medical cannabis to…

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…