Category Archives: taxes

Phoenix City Council Kills Mayor’s Proposed Cannabis Tax

Phoenix patients can breathe a sigh of relief this week after a unanimous vote by the Phoenix City Council to scrap a proposal that would’ve imposed heavy taxes on medical cannabis. The plan, floated last week by Phoenix Mayor Thelda Williams, offered several possible tax options. Each was so steep that dispensary operators warned it […]

53 Percent of NJ Voters Say Yes to Recreational Weed If It Lowers Taxes

A poll of voters in New Jersey has determined that more than half would be in favor of legalizing recreational cannabis if it resulted in lower taxes, according to a report in local media. In the survey, 44 percent of those polled said that they supported legalizing recreational cannabis for adults, while 31 percent said […]

Montana Collects $1.8 Million in Medical Cannabis Tax Revenue in First Year

The state of Montana collected $1.8 million in the first year of taxing the medical marijuana industry, according to government officials. The Montana Department of Revenue also reported that the state’s medicinal cannabis businesses had generated approximately $45 million in sales during the first year of taxation. State revenue director Gene Walborn told local media […]

Tax Revenue from California’s Legal Marijuana Falls Short of Estimates

Tax revenue from California’s legal marijuana market fell far short of estimates in the second quarter, state officials have announced. The California Department of Tax and Fee Administration released figures for the period April through June 2018 on Wednesday. California’s excise tax on cannabis generated nearly $43.5 million in revenue during that time. The cultivation tax generated […]

California Bill Would Temporarily Cut State Cannabis Taxes

California lawmakers are proposing a temporary tax cut for cannabis in an effort to undercut the illicit market and encourage the state’s transition to legal, regulated sales. RELATED STORY California’s High Cannabis Tax Could Doom Legalization. Here’s a Fix On Thursday, Assemblymembers Tom Lackey (R-Palmdale) and Rob Bonta (D-Oakland) announced Assembly Bill 3157, which for […]