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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. million) | Tax rate: 15% wholesale, 15% special retail. Colorado’s 15% wholesale excise tax and its 15% special retail tax do not apply to those sales. Colorado (pop. of the population enrolled.

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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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Massachusetts cities and towns collected $2 million in marijuana taxes: Here’s who’s getting it, and how it’s being spent

Cannabis Law Report

New England Treatment Access is doing more than selling marijuana to consumers — it is also providing a tax revenue windfall to Northampton and Brookline. million in fiscal 2020, into its budget to use for schools, public safety, public works and general operations. More At: [link].

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Gov Newsom Says He Is “Open To Rethinking” Cannabis Taxes

Cannabis Law Report

.” Newsom’s budget projects that the state will collect $787 million in cannabis revenue during the 2022-23 tax year. Of that, the budget estimates that nearly $595 million will be available to be allocated to youth substance abuse treatment, clean-up of illicit cannabis grows and support public safety-related activities.

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Clark County continues to eye pot-law changes

Cannabis Chronicles

In April, the council held a work session examining the public safety and health aspects of legal cannabis. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana. Retailers would be allowed to stay open until 11 p.m.

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Lori Ajax & BCC Add Their Comments To Gov Newsom’s Cannabis Tax Simplification Program

Cannabis Law Report

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

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BREAKING: Newsom Proposes California Cannabis Regulatory Consolidation

Canna Law Blog

The state intends to change the point of collection for various cannabis taxes. Under this plan, the first distributor in the chain of distributors would be responsible for remitting the cultivation tax, and retailers would be responsible for remitting the excise tax. But this would just be one more thing for retailers to worry about.