taxes Archives

Gretchen GaileyApril 6, 2022

Part 3 of Green Market Report’s series on California‘s war on cannabis. If you were to ask what the main problem facing the largest cannabis market in the country is, there would be one resounding answer – TAXES. Cannabis taxes on the state and local levels are choking the life out of businesses across the state […]

Debra BorchardtJanuary 21, 2022

The New York State adult-use cannabis program has been pushed back to a later date and as a result, the state’s projections for early tax revenues have been adjusted as well. When adult-use sales or recreational marijuana was first legalized in the state, sales were originally planned to begin in April 2022. However, former Governor […]

StaffJanuary 7, 2019

Editors Note: This is republished with approval from A Biz In A Box author Jordan Zoot. Choosing Cannabis Tax Advisors – is one of the most important decisions that the owners of a legal commercial cannabis business must make. We are consistently disappointed by the lack of consideration owners invest in making their selections and […]

Jack SmithAugust 8, 2018

Despite the overwhelming majority of Californians being happy with the legal cannabis market, there is still a significant percentage of residents who buy marijuana illegally, due in large part to high taxes on the substance. A new report from Eaze Insights shows that 84 percent of Californians are “satisfied” with the legal marijuana market, but […]

Peggi CloughAugust 3, 2018

New data released by Flowhub finds the price of an eighth of cannabis in U.S. cities can vary by as much as 15 percent after taxes have been applied. Now that cannabis is being regulated by cities and states with complicated tax codes, consumers can pay 20 to 40 percent tax on their purchases. The […]

William SumnerFebruary 26, 2018

Part Three of a Four-part series. California’s cannabis market is on the verge of a crisis, according to a new report released by the California Growers Association (CGA), which represents more than 1,100 small and independent cannabis businesses. According to the report, less than one percent of California’s cannabis cultivators are licensed by the state; […]

Jack SmithFebruary 23, 2018

If you can’t beat ’em, join ’em. And if you can’t tax ’em, smoke ’em. Just weeks after marijuana became legal for retail sale in the state of California, there has already been a tax cut, with the city of Berkeley cutting its tax to 5% from 10% of gross receipts. Credit rating firm Fitch […]

Andy WilliamsDecember 1, 2017

When a U.S. Congressman recently told me that getting rid of Section 280E of the Internal Revenue Code “would amount to a tax cut for pot growers,” I was caught off guard by his twisted interpretation of this tax policy. It was a huge reminder of how much more work organizations like the New Federalism […]

Paula CollinsSeptember 5, 2017

Soon after your opening launch celebrations, you face the grim realities of your first tax return as a Cannabis business owner. (Cue Death Star music.) Section 280E of the tax code states that “No deduction or credit shall be allowed” for businesses that are prohibited by Federal law. Section 280E explicitly mentions businesses that deal […]

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Tag: taxes

California’s Crushing Cannabis Taxes

New York Cuts Near Term Cannabis Tax Projections

It’s Tax Time: Choosing Cannabis Tax Advisors

California Taxes Keeping Cannabis Consumers In The Black Market

Seattle Is The Most Expensive Eighth, Las Vegas Is The Cheapest – Taxes Are The Reason Why

More Reasons Why California’s Cultivators Don’t Have A License

Berkeley’s Cannabis Tax Cut Pushed By Illegal Sales, Fitch Says

Cannabis Companies Crossing Fingers For 280E In Tax Vote

Why Some Should Actually Separate Their Cannabis Business Into Two

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