Saturday, June 25, 2022

taxes

Why Is The World’s Largest Cannabis Market Shooting Itself In The Foot?

High taxes and onerous regulations are keeping unlicensed cultivators out of the legal market and contributingĀ to illicitĀ sales.

Legal States Collected Nearly $4 Billion In Legal Marijuana Revenue In 2021

The report is further evidence that ending cannabis prohibition offers tremendous financial benefits for state governments.

Is Medical Marijuana Tax Deductible? IRS Provides Clarity

With tax season upon us,Ā confusion overĀ whetherĀ medical marijuana isĀ tax-deductible has come up.

New York Will Generate Over $1B In Marijuana Taxes, Government Officials Predict

Between now and 2028, the state could gather more than $1.25 billion from licensing fees and other taxes, according to estimates.

Here’s How Much Tax Revenue Has Been Collected From Legal Marijuana Sales In America

The U.S. federal government has left over $500,000,000 in tax revenue on the table by not legalizing marijuana at the federal level.

Step Aside Alcohol, Thereā€™s A New Weedy Vice King In Town

No one has been caught more off guard by the high demand for cannabis products than beer, wine and liquor companies.

Will Congress Pass Us A Canna-Tax ‘Hit’?

As the dust continues to settle from the seismic tax reforms passed under the 2017 Tax Cuts and Jobs Act, the Biden Administration is already discussing another round of tax reform.

Enormous Tax Revenue Is Exactly Why The Feds Won’t Legalize Cannabis

State governments may gain money from legal cannabis, but the feds would actually lose money should prohibition end.
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