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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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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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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. This is the 3% sales tax cities and towns can place on marijuana retailers. More At: [link].

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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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Colorado marijuana sales fell to $145M in February

Cannabis Law Report

The Marijuana Sales Reports summarize total sales made by medical and retail marijuana stores monthly by county. The Marijuana Sales by County Report shows monthly sales by medical and retail marijuana stores by county. Colorado also collected more than $27.8 billion since legalization in 2014. . New Report Format in 2022!

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Tax Foundation: Coloradans to Vote on Structurally Unsound Property and Cannabis Tax Changes

Cannabis Law Report

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. Colorado collected $410 million in cannabis excise tax es in FY 2021 from a 15 percent wholesale tax and 15 percent retail tax.