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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. billion in tax revenue from legal, adult-use cannabis sales. billion in tax revenue from legal, adult-use cannabis sales. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

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Colorado may see its biggest overhaul of marijuana laws since recreational legalization – Cannabis Business Executive

SpeedWeed

They don’t make cannabis products like they used to, and there’s an increasing number of Colorado lawmakers who think that’s problematic. As recently as 2014, the vast majority of medical and recreational cannabis sold in Colorado was flower and only 11% was the high-potency concentrates consumed through dab rigs or vape pens.

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Budding Woes: Navigating the Weedy Waters of Cannabis Companies in Financial Distress

The Blunt Truth

As the cannabis industry matures, there will be winners and losers. Losers lack access to the U.S. 8] ALTERNATIVES TO BANKRUPTCY Cannabis companies face a challenging landscape: high taxes, oversupply, security concerns. Bankruptcy Code. Insolvency relief is available under state law remedies. 3] In re Arenas , 535 B.R.

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Paper: Racial Capitalism and the African American Experience Entering the Cannabis Industry By Dr. Ayoka Nurse

Cannabis Law Report

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

Policy 105
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In new book, WSU Vancouver professor sees benefits of legalized marijuana

Cannabis Chronicles

In the months after Washington voters approved legalized marijuana in 2012, Clayton Mosher, a sociology professor at Washington State University Vancouver, noticed what he believed to be unnecessary safety concerns. One of the chief concerns following the 2012 vote was that easier access to the drug would lead to more motor vehicle crashes.

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Press Release: “StateHouse Holdings Inc., Formerly Harborside Inc., Announces Agreement with IRS to Resolve and Reduce Legacy 280E Federal Tax Obligations Related to Harborside

Cannabis Law Report

cannabis sector. It is an important step on our path to building a flagship California cannabis company.” “The federal tax burden on legal cannabis businesses is highly punitive and very difficult to navigate while trying to achieve profitability. million –. At issue were federal taxes owed of approximately $22.1