Should marijuana businesses pay tax on gross profits or net profits? It sounds like a silly question. After all, virtually every business in every country pays tax...
A year after Colorado became the first state to allow recreational marijuana sales, millions of tax dollars are rolling in, dedicated to funding school construction, marijuana education...
In Colorado cannabis users are helping to fund construction on public schools, buying new roofs, boilers and security upgrades. How? By smoking weed of course.
Michigan legislators are trying to get their state ready for cannabis legalization in 2016. Legalization activists and advocates gathered last weekend to discuss the specifics of a...
A group of activists gathered in New Jersey’s largest city today to announce a new coalition that will advocate for the legalization, taxation, and regulation of marijuana...
Marijuana makes money. But legalizing it doesn’t eliminate the black market or solve a state’s budget problems. Those are the lessons from Colorado’s first full year of...
A byzantine legal memo of potentially disastrous implications has been released by the Internal Revenue Service (IRS), articulating a new theory of the tax code which could...
Finding banks who will cater to cannabis businesses has been a constant obstacle for new ganjapreneurs opening up shops since states began legalizing in the U.S. But...
Sen. Thompson introduced two bills, one which would allow for individuals with certain illnesses to purchase full plant medical cannabis, and one which would allow for...
Marijuana growers around Boulder, Colorado next year will start paying special fees to offset their contributions to climate change. A new county assessment on electricity usage by marijuana growers is...
Illinois is becoming a hotbed in the legal marijuana debate. The state recently authorized medical marijuana and now recreational use is at the heart of conversation between...
Money may not grow on trees, but it apparently does grow on marijuana plants. If all 50 states legalized cannabis today, they’d be collectively raking in more...
Washington tax coffers could get a $25 million boost by next July and nearly $200 million by mid-2017 from legal marijuana, state economists estimate. The estimates for...
Labor Day has come and gone, and the 2014 election is now less than two months away. Marijuana legalization initiatives are on the ballot in two states...
Sales of legal retail marijuana have topped sales of medical marijuana in Colorado for the first time since the state’s recreational pot shops opened their doors on...
Federal law still considers marijuana as a dangerous drug, so prosecutors could easily bring drug-trafficking charges against anyone whose salary is paid by taxes collected on legal...
Colorado is missing $21.5 million in pot taxes. Voters were told the state would pull in $33.5 million from two new taxes in the first six months of...
In a report commissioned by the Marijuana Enforcement Division earlier this year, data shows that Colorado residents and visitors will consume an estimated 130.3 metric tons of...
Washington state-licensed marijuana retailers sold an estimated $3.8 million in cannabis products in July, the first month during which such sales were allowed under state law. The sales are estimated to...
Here’s just a few of the estimates from Oregon’s Legislative Revenue Office if they were to legalize recreational weed this November: About 8% of the population, or ~322k Oregonians,...
