Browsing: Tax

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,…

The Tax Foundation, a D.C.-based think tank, has proposed a state and federal marijuana tax model in a recent report, suggesting that nationwide legalization could generate…

The Ohio Senate passed a bill last week to change the state’s adult-use cannabis law, WTAP reports. The measure, passed on the day the voter-approved law…

The U.S. Census Bureau has released an interactive map outlining the quarterly revenue states have garnered from cannabis excise taxes and what percent of their revenues…