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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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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023. per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis. Currently, the cultivation tax rates are $10.08

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Update: California Cannabis Tax Holiday

Canna Law Blog

Under Newsom’s proposal, to make up for that lost cultivation tax revenue, the state would raise the retail excise tax from 15% to 19% after three years, with some exceptions for a more immediate increase depending on industry revenue generation. The tax pain point will simply move to retailers rather than cultivators.

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How to find low cost, free, and subsidized medical cannabis

The Cannigma

But even in this era of plenty, there are still countless medical cannabis patients who cannot afford their medicine and don’t know where or how to find assistance. Access problems and medical cannabis. And once they actually receive their medical cannabis card, there’s the often prohibitive cost of the medicine itself.

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International Cannabis Brand Cookies Debuts New SKUs in Washington State Through Partnership with Edgemont Group

Cannabis Law Report

.–(BUSINESS WIRE)–International cannabis brand Cookies today announced the debut of new top-shelf concentrate and flower product lines at the Cookies Tacoma retail location, with statewide availability coming soon through an exclusive partnership with expert extraction company Edgemont Group , maker of Full Spec and Leafwerx products.

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These Top Valuable Cannabis Companies are Worth a TON

Veriheal

Yahoo Finance has compiled a list of the most valuable cannabis companies in the world and has explained that the recreational market is “outpacing” the medicinal one as the “world public opinion towards the consumption of weed is changing.” include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection.

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Weekly Legislative Roundup 3/8/19

NORML

Activists in Nebraska, along with two pro-legalization Senators, qualified a 2020 medical cannabis ballot initiative petition to begin collecting signatures from registered voters in the state. Legislation is pending, Senate Bill 24, to expand access to medical cannabis in the state. CO resident? GA resident? KS resident?