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Cannabis Law Report
JANUARY 9, 2022
Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. 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. 46,104,922.
Canna Law Blog
MARCH 11, 2024
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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Cannabis Law Report
MAY 16, 2022
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.
Cannabis Law Report
MAY 13, 2022
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.
Cannabis Law Report
OCTOBER 23, 2021
If voters approve, this measure will create an out-of-school program, the Learning Enrichment and Academic Progress Program (LEAP). To partially fund the program, the state’s tax on retail sales of cannabis would increase from 15 percent to 20 percent over three years.
Cannabis Law Report
JANUARY 10, 2020
Governor Newsom also proposes simplifying cannabis tax administration by changing the point of collection. The proposed changes move the responsibility for the cultivation excise tax from the final distributor to the first, and for the retail excise tax from the distributor to the retailer. The Budget estimates $332.8
Cannabis Law Report
JUNE 7, 2021
Since 2014, when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. Colorado (pop. 46,104,922.
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