Thursday, September 29, 2022

taxes

Cannabusiness

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

Benzinga Staff Writer -
High taxes and onerous regulations are keeping unlicensed cultivators out of the legal market and contributing to illicit sales.
News

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

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

Is Medical Marijuana Tax Deductible? IRS Provides Clarity

Benzinga Staff Writer -
With tax season upon us, confusion over whether medical marijuana is tax-deductible has come up.
News

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

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

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

Terry Hacienda -
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.
Cannabusiness

Step Aside Alcohol, There’s A New Weedy Vice King In Town

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

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

Rich Trotter -
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.
Cannabis

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

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