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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”). Medical cannabis is often the only effective treatment that allows them to function and improve their quality of life.

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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. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition. Thank you, Nicole Elliott, DCC Director.

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California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

SpeedWeed

You’re going to see a lot of collection enforcement, 100%, as a result of the spending that’s been happening the past couple of years.”. We have also allocated additional resources to focus on sales tax compliance in the cannabis industry, as we continue to see significant compliance issues in certain areas.”.

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How to Use Cannabis in Community Outreach

Medicinal Marijuana Association

Ensure compliance with local regulations and restrictions regarding cannabis consumption at the event. Collect feedback from participants to improve future events and build a stronger community around cannabis education and advocacy. Yes, cannabis can be used as a tool for promoting mental health awareness in the community.

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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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New Mexico and Virginia Legalize Cannabis for Recreational Use

The Blunt Truth

The term does not include industrial hemp, as defined in state law, that is grown, dealt, or processed in compliance with state or federal law, unless it has been acquired and formulated with cannabis plant extract by a pharmaceutical processor. Retail sales will not begin until January 1, 2024. Next Steps for Employers.