Drug Prevention, Mental Health, School Budgets: Where Your Cannabis Taxes Are Going

Drug Prevention, Mental Health, School Budgets: Where Your Cannabis Taxes Are Going  A recent USA Today article shed some light on the domino effect of legalization, focusing on all the good that cannabis taxes are helping with. Since the sin taxes have been implemented in 2014, states with legal cannabis…

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Denver wants to raise retail marijuana taxes to boost affordable housing fund

Denver marijuana buyers would help pay for an expansion of Denver’s 10-year, $ 150 million affordable housing fund under a plan that includes borrowing to amp up apartment production. Mayor Michael Hancock and other city officials have been under pressure from City Council members and affordable housing advocates for more…

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Are Lower Taxes Really The Solution To Overcoming California’s Black Market?

Are Lower Taxes Really The Solution To Overcoming California’s Black Market? Sky-high taxes in California’s cannabis market can lead to problems – one of them may be the prevalence of the black market. Last Thursday, lawmakers proposed reducing state taxes for the next three years. A cut in taxes for…

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California could cut marijuana taxes to lure consumers away from black market

Published: Mar 15, 2018, 3:13 pm • Updated: Mar 15, 2018, 4:52 pm By Michael R. Blood and Don Thompson, Associated Press SACRAMENTO, Calif. — Less than three months after California launched legal marijuana sales for adults, the state could consider temporarily slashing hefty tax rates that some say are…

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New Jersey governor calls for recreational marijuana legalization, higher taxes for schools

Published: Mar 13, 2018, 1:29 pm • Updated: Mar 13, 2018, 1:29 pm By The Associated Press TRENTON, N.J. (AP) — New Jersey Gov. Phil Murphy wants to raise the state sales tax and extend its reach, hike income taxes on the wealthy and legalize recreational marijuana. He also wants…

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Tacoma’s first marijuana dispensary closed over $1.4 million in back taxes

Published: Feb 9, 2018, 12:54 pm • Updated: Feb 9, 2018, 12:54 pm By The Associated Press TACOMA, Wash. — The Washington state Liquor and Cannabis Board has canceled the license of Tacoma’s first marijuana retailer because of a $ 1.4 million delinquent tax bill. The News Tribune reports the…

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Colorado using marijuana taxes to save programs funded by Big Tobacco settlement

Published: Dec 28, 2017, 12:54 pm • Updated: Dec 29, 2017, 10:27 am By David Migoya, The Denver Post For more than two decades Colorado has received hundreds of millions of dollars from its share of settlements with tobacco companies — money that’s been used to support dozens of programs…

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Could taxes as high as 45% on cannabis bolster black market in California?

Published: Oct 30, 2017, 7:55 am • Updated: Oct 30, 2017, 8:22 am By Katie Zezima, The Washington Post High taxes on legal marijuana in California could have the potential to turn many consumers away from the state’s cannabis shops and toward the black market, according to a report from…

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