Los Angeles may have devised an unusual idea to curb the homelessness rates in the Skid Rows of old Hollywood. City officials are reportedly mulling over a plan in a series of budget talks that would utilize a portion of the tax revenue generated from the local medical ma… Read article here: High Times
Tag: Taxes
Everything You Ever Wanted To Know About Marijuana and Taxes
New data indicates that tax revenue from marijuana in Colorado has nearly doubled in the last year, increasing from $ 4.9 million by June last year to $ 9.7 million by June of this year, according to a recent report from the Colorado Department of Taxation. Read article here: High Times
How Taxes and Restrictions on Legal Weed Keep the Black Market Thriving
While marijuana legalization continues to become more widespread across the United States, it seems that government officials have found a way to perpetuate the perils of prohibition by imposing ridiculous levels of regulation and high taxes on the herb that prevents user… Read article here: High Times
After Year of Washington Legal Pot Sales, Taxes Top $70M
Washington launched its second-in-the-nation legal marijuana market with just a handful of stores selling high-priced pot to long lines of customers. A year later, the state has about 160 shops open, tax revenues have soared past expectations and sales top $ 1.4 million pe… Read article here: High Times
NJ Governor Chris Christie Calls Marijuana Taxes Blood Money
The ability to generate a substantial amount of revenue by taxing marijuana is what ultimately attracts most states to consider legalization. However, the state of New Jersey will not be foiled by the greed attached to the budding cannabis industry, according to recent co… Read article here: High Times
Colorado Marijuana Taxes: Up 10 Percent and Not Slowing
Marijuana sales in Colorado saw a 10 percent bump in August — and industry leaders don’t expect that growth to slow anytime soon. High Times
American Marijuana Taxes Could Bring In $3 Billion
If every state across America would follow in the footsteps of Colorado and Washington by establishing a taxed and regulated recreational marijuana market, the entire country would generate well over $ 3 billion of tax revenue every year, according to predictions from the … High Times
California Town Considers Using Pot Taxes to Pay Police
A southern California town plagued with crime and financial destitution is now considering the legalization of medical marijuana dispensaries in hopes that the community can sustain its deteriorated police department with the use of pot taxes. High Times
Colorado Marijuana Taxes Net State $2 Million
Colorado made roughly $ 2 million in marijuana taxes in January, state revenue officials reported Monday in the world’s first accounting of the recreational pot business. The tax total reported by the state Department of Revenue indicates $ 14.02 million worth of recreational pot was sold. The state collected roughly $ 2.01 million in taxes. […]
Marijuana Business Opportunities And Taxes In 2013 Are The ‘Next Great American Industry’
The Inquisitr Marijuana business opportunities in 2013 are claimed by some investors to be the “next great American industry” due to the wave of marijuana legalization riding over the states. Medical Marijuana News – THCbiz