Yet another California county is looking to cash in on the potential “green rush” if voters approve the ballot measure to legalize recreational cannabis use in November.
Two more California municipalities have proposed ballot measures to tax cannabis if state voters decide to legalize recreational cannabis by passing Proposition 64 in November.
Cloverdale, California’s City Council has informally agreed to a ballot measure that, if passed, would approve a tax on cannabis operations in the municipality. Officials say it would help boost the general fund to pay for…
Los Angeles County’s “marijuana tax” to fund programs aimed at providing homeless services is likely going to be scrapped by the Board of Supervisors over fears that voters would not pass the measure in November…
This is Part 3 of our three-part series covering the Internal Revenue Code Section 280E. If you haven’t already, you may want to read parts one and two before moving forward.
This is the second installment of our series investigating Section 280E of the Internal Revenue Code (IRC).
In Part 1, we explained how this overreach has made it nearly impossible for state-legal cannabis…
As of the writing of this piece, certain marijuana-related activities have been legalized in 25 states and the District of Columbia. However, outdated sections of the tax code — namely Section 280E — continue to threaten the…
Los Angeles County’s Board of Supervisors approved a ballot measure last Tuesday that would levy a 10 percent tax on the county’s cannabis industry in an effort to raise additional funds for homeless housing…
Washington’s recreational cannabis industry has sold more than $1 billion worth of cannabis since the legal market’s launch in 2014, meaning the state has raked in just about $250 million in cannabis excise taxes, Jake Ellison reports for the…
Following unanimous decision by the Portland City Council yesterday, city voters will decide this November whether or not to embrace a 3% tax hike on recreational cannabis products, KOIN 6 News reports.