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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. Author – aBIZinaBOX Inc: Jordan S.

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Wondering How Much Are The Sales Taxes Of Marijuana-derived Products? Find Out Here

Cannabis Law Report

Then you may already know that the sale and purchase of marijuana for recreational use is allowed in only 17 US states and the District of Columbia. Apart from these, there is also the sales tax and excise tax. For instance, in 2020, the two states collected total tax amounts of $387 million and $474 million respectively.

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Cannabis Software Stack Report Now Available

SpeedWeed

Cannabiz Media’s new research report – Cannabis Software Stack – has been published and provides critical insights about seed-to-sale and point-of-sale software license opportunities (i.e., a state’s potential addressable market) in 2020. a state’s potential addressable market) in 2020. What’s in the Report?

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Dispensaries Plan To Open Soon Despite Medical Marijuana Mess In Missouri

MedicalJane

Amendment 2, which became effective on December 6, 2018, legalizes marijuana for medical purposes, allows home growing, and imposes a 4% marijuana sales tax. First, Missouri implemented a seed-to-sale system which added many unnecessary layers between growing the plant and selling product to patients. million votes.

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Europe’s Cannabis-Friendly Hotspots Could Trigger an Economic Shift 

Veriheal

These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% at the end of 2020. In Germany, legal recreational cannabis sales are slated to launch by the end of 2024. billion for the economy.

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Update: Massachusetts Marijuana Establishments Surpass $2 Billion in Gross Sales

Cannabis Law Report

On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7

Marijuana 100
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The Status of Cannabis Legalization in the South

Cannabis Law Report

Although there is no excise tax on medical cannabis, there is a medical cannabis special privilege tax of 4% of the gross receipts or gross proceeds derived from the sale of usable cannabis to be collected by cultivation facilities, dispensaries, or other cannabis businesses and remitted to the Department of Finance and Administration.