We’re Calling It: Colorado Pot Taxes Will Pass
This Tuesday, voters in Colorado will consider a 25% pot tax. When Colorado legalized cannabis last fall, many details were left to the state’s legislature, including the pot tax proposal....
View ArticleColorado Marijuana Taxes Total $1.24 – $3 Million in January
A survey of 18 retail marijuana businesses in Colorado suggests the newly legal industry paid anywhere from $1.24 million to $3 million in taxes in the first 30 days of business. The stores are on...
View ArticleColorado Weed Sales Jump 10 Percent in August; $33 Million in Revenue
New numbers from Colorado’s Dept. of Revenue show demand for legal cannabis isn’t slacking off. Retailers posted a 10 percent jump in sales for the month of August, the most recent month for which we...
View ArticlePot taxes generate $2.3 million for Colorado schools
Colorado has now found its weed groove, generating record amounts of tax revenue from recreational marijuana sales just a little over a year removed from the first day of legalization. Statewide retail...
View ArticleTax scofflaws on notice at massive medical pot party
A squad of state officials descended on a huge pot party in Northern California Friday, but this wasn’t a traditional raid. Instead of drawing guns, the officials drew brochures featuring the green...
View Article$1 billion in legal pot taxes predicted for California
California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance...
View ArticleThe BOE’s Fiona Ma joins The Hash to talk cannabis banking and taxes
California Board of Equalization member Fiona Ma sat down in late 2015 with David Downs of Smell the Truth and The Hash to discuss her plans for cannabis industry banking in the state. Ma, who voters...
View ArticleNew year brings pot regulations and questions for CA industry
The new year brings California closer to regulating the largest cannabis market in the US via a bevy of regulations that went into effect January 1, but are still expected to take years to sort out....
View ArticleCalifornia pot patients facing 15 percent tax increase
A California Senator and Democrat plans to sock it to pot patients with a new, 15% sales tax increase to raise potentially $100 million in state revenue. Senator Mike McGuire introduced The Marijuana...
View ArticleWashington’s most chic pot shop is Portlandia-ready
Two years into Washington marijuana legalization, and some of the state’s operators have raised the bar for reefer retail. Brendan Hill, the drummer of 90s jam band Blues Traveler has opened the nicest...
View ArticleColorado city uses marijuana tax money to help the homeless
While Colorado’s legal cannabis program has helped in lifting the state’s economy and education system, taxes from marijuana sales will now be used to aid the homeless. The city of Aurora, Colorado...
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