13 California marijuana dispensaries owe $12 million in taxes, says report

Published: Mar 20, 2017, 2:38 pm • Updated: Mar 20, 2017, 2:39 pm By Brooke Edwards Staggs, The Cannifornian Thirteen medical marijuana dispensaries owe more than $ 12 million in unpaid state taxes, according to a report recently published by the Board of Equalization. The list includes several pioneers of…

Continue reading

Colorado marijuana sales holding steady with $109 million in January 2017

Published: Mar 9, 2017, 6:58 pm • Updated: Mar 9, 2017, 6:58 pm By Alicia Wallace, The Cannabist Staff Colorado marijuana shops kicked off 2017 by selling nearly $ 109 million in recreational and medical cannabis in January, marking a 23 percent increase from January 2016, the latest revenue data…

Continue reading

Pot tax haul of $1.36 million now in limbo — how will Colorado county give it back?

Published: Dec 16, 2016, 10:54 am • Updated: Dec 19, 2016, 6:40 pm By Jesse Paul, The Denver Post Adams County has collected more than $ 1.36 million through a 3 percent tax on recreational marijuana sales that the Colorado Court of Appeals found to be invalid. The voter-approved tax generated $…

Continue reading

Pot Cafe – Your Million Dollar Green Rush Business

Why Pot Café’s are necessary in places where cannabis is legal With cannabis being legalized all over the place, we’re coming to a moment where the legitimate consuming of the substance also requires the necessary recognition it deserves. For the most part, there aren’t legal establishments sanctioned by the state…

Continue reading

Arizona’s anti-pot PAC just got $1 million from U.S. tire shop giant to fight Prop. 205

Published: Oct 19, 2016, 6:34 pm • Updated: Oct 19, 2016, 6:59 pm By Alicia Wallace, The Cannabist Staff Discount Tire Co. has aligned itself with anti-legalization advocates in Arizona by contributing $ 1 million to the campaign opposing Proposition 205, which would allow for adult-use cannabis sales in the…

Continue reading

This San Diego company is banking on the medical grow market with a $175 million planned IPO

Published: Oct 18, 2016, 11:54 am • Updated: Oct 18, 2016, 11:54 am By Alicia Wallace, The Cannabist Staff Citing momentum in the medical marijuana industry, a San Diego-based real estate investment trust (REIT) focused on acquiring medical-use grow facilities has set its sights on the public market. Innovative Industrial…

Continue reading

New Medical Cannabis System in Michigan to Garner up to $63 Million a Year in Taxes, Many Patients Unhappy

Please share! Facebook Twitter Google+ Pinterest Last month Michigan Governor Rick Snyder signed a package of bills explicitly legalizing the distribution of medical cannabis through a regulated system of dispensaries and cultivation centers, including establishing a 3% excise tax on dispensaries’ gross sales. According to a new report from Crain’s Detroit…

Continue reading