article thumbnail

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

Cannabis Law Report

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 This document reviews each state’s adult-use cannabis tax structure, population, and revenue from legalization. million as of November 2021.

article thumbnail

California Police Auctioning Off Seized Cannabis Merchandise

Veriheal

Collectively, the ten dispensaries owe more than $14.4 The Los Angeles Police Department collected bongs, cannabis manufacturing equipment, and furnishings including a snow cone machine, artwork, TVs, cameras, a refrigerator, and other miscellaneous office supplies. Ten Los Angeles-based cannabis businesses were recently raided.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Arizona NORML, Partners File 2020 Statewide Legalization Initiative

NORML

“Since the failure of 2016 another 30,000 Arizonans have been arrested for cannabis possession,” Weisser acknowledged. ” A 2016 statewide initiative effort in Arizona failed by a vote of 51 percent to 49 percent. .”

article thumbnail

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”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. The amount of cultivation tax.

article thumbnail

Oregon Cannabis: How Many Retailers Will Close Due to Gov. Kotek’s New Tax Compliance Missive?

Canna Law Blog

So producers, wholesalers, and processors don’t collect or pay sales tax. Instead, dispensaries collect up to a twenty percent sales tax (17 percent state + 3 percent local) for each marijuana item sold. When a dispensary collects the sales tax it holds the money in trust for the state. What is the new tax compliance policy?

article thumbnail

Dispensary Spotlight: Maribis of Springfield Grand

Illinois News Joint

Maribis of Springfield Grand opened in 2016 and is located at 2272 North Grand Ave. East, Grandview, Illinois. The retail store serves medical and recreational customers. Hours of operation are Monday through Sunday from 7 a.m.-9 For a live menu, click here , or check our Dispensary Directory for more information about the retail store.

article thumbnail

Idaho Falls Man Sentenced to 5 Years for Trafficking LSD

Cannabis Law Report

This program was created in January 2016. Collectively, the defendants indicted under the program have been sentenced to 7,468 months (approximately 622 years) in federal prison, representing an average prison sentence of 53.72 These criminals often receive stiffer penalties than they might in state courts.

Programs 105