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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market. Newsom proposes tax cut for California marijuana industry. Marijuana Moment.

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Back to the BRC: “The ability to tax cannabis is one of the main political reasons given to support recreational legalization. A successful tax system will need to raise money to pay for increased education, public health and enforcement costs associated with marijuana cultivation and use.”

Cannabis Law Report

While we could devote a book length article to a present day critique of that report we are going to limit our thoughts to a review of the Tax Policy component of the report which appears on pages 48 through 56. The section, “Taxing Marijuana” begins by noting. California will have to wrestle with when and, how to tax marijuana.

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Sugarbud Expands Product Portfolio In Ontario

Cannabis Law Report

“We are delighted to be expanding our Craft Cannabis Collection in the Province of Ontario – Canada’s largest and fastest growing recreational cannabis market,” stated Sugarbud’s CEO, John Kondrosky. We Take Pride. We Take Our Time………….

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Careers in marijuana catch on at colleges

Canna Care Docs

By Likhitha Butchireddygari Two major universities are creating the first career paths for young people interested in the business of marijuana. Recreational marijuana use is legal in 11 states and Washington, D.C., Now, she is interning at Northern Swan, an investment firm that’s focused on all parts of the cannabis supply chain.

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Back to the BRC

Cannabis Law Report

While we could devote a book length article to a present day critique of that report we are going to limit our thoughts to a review of the Tax Policy component of the report which appears on pages 48 through 56. The section, “Taxing Marijuana” begins by noting. California will have to wrestle with when and, how to tax marijuana.

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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. million during the second quarter of 2021, California’s cultivation tax represented roughly 12% of the state’s total cannabis tax collected from that period.

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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% On top of this, another controlled cannabis supply chain will roll out across Europe in 2024, but this time in the Netherlands. at the end of 2020.