Legislators will consider rates totaling up to 30 percent, hoping to pay for new laws without driving customers back to the black market.

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Topics:  drug   legalizing marijuana   marijuana   tax revenue   taxes   
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • Ore. smokejumpers skydive into illegal pot garden
    A team of smokejumpers parachuting into a fire in the mountains of Southern Oregon landed in an illegal marijuana garden being prepared for growing season. The six smokejumpers from a base in Redmond found the site Monday evening, when there was a rash of lightning strikes. More
  • Police confiscate 4-foot, 2-pound marijuana joint
    California police confiscated a mammoth joint during a 4/20 pot rally on Saturday, reports the Los Angeles Times. As the paper notes, hundreds of UC Santa Cruz students gather each year for the event, and each year campus police confiscate things like bongs and dime bags. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Six marijuana legalization lessons
    New plans for pot in New Jersey, New York and New Mexico show what politicians have learned — or failed to learn — since Colorado became ... New York plans to tax marijuana based on THC ...
    04/6/2021 - 9:54 pm | View Link
  • On The Trail: How marijuana went mainstream
    Nine years ago, voters in Colorado and Washington became the first to approve recreational marijuana, over the objections of top Democrats in those states. This week, legislators in Democratic-led ...
    04/1/2021 - 11:22 pm | View Link
  • Hawaii Lawmakers Seek Marijuana Exemption From DEA While Also Requesting Legal Psilocybin Plan
    For the cannabis measure, the legislation asks the state Health Department to seek an “exception ... be allowed but only after the office issues regulations and describes the tax structure for ...
    04/1/2021 - 4:31 am | View Link
  • Two-Thirds Of Louisiana Voters Back Marijuana Legalization, Poll Finds
    Cannabis purchases will include a 12 percent excise tax on top of the state’s regular 8 percent ... To New Mexico’s north is Colorado, one of the first states to legalize for adult use. Cannabis is ...
    03/29/2021 - 10:53 am | View Link
  • Illinois Considers Legalizing Marijuana For A Fiscal Boost
    Illinois’ standard sales tax, federal marijuana consumption data and recreational pot prices in Colorado. The proposal earmarks 50 percent of wholesale revenues for the state’s general fund ...
    03/17/2021 - 6:50 am | View Link
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  • Gun Ownership and Marijuana Use and Laws
    Colorado charges a 2.9% sales tax on medical sales only and both a 15% special sales tax and a 15% excise tax on retail purchases. Big bucks! Colorado has 2,917 licensed marijuana businesses, employing 41,076 licensed individuals in the industry, reported in June 2019.
    04/10/2021 - 5:58 am | View Website
  • Health News | Latest Medical, Nutrition, Fitness News ...
    Get the latest health news, diet & fitness information, medical research, health care trends and health issues that affect you and your family on ABCNews.com
    04/10/2021 - 4:25 am | View Website
  • Marijuana Legalization Bill Has '60-40' Odds Of Passing ...
    The governor of Connecticut says he thinks the odds of his marijuana legalization bill passing this session are 60-40—and he’s not ruling out signing the legislation even if it’s amended to allow for home cultivation. Gov. Ned Lamont (D) was asked about the prospects of his proposal advancing during an interview with WPLR on Monday.
    04/10/2021 - 12:28 am | View Website
  • Cannabis was supposed to be a tax windfall for states. The ...
    The Golden State taxes marijuana on three separate levels, charging a 15 percent excise tax on purchases on top of the statewide 7.25 percent sales tax, as well as a variety of taxes on cannabis ...
    04/9/2021 - 11:53 pm | View Website
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    04/9/2021 - 11:17 pm | View Website
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