Sentences with phrase «taxes from cannabis»
Colorado was the first state to legalize adult use in 2012 and its market has been open for only two years, bringing in $ 135 million in taxes from cannabis sales and license fees (up 77 percent from $ 76 million in 2014).
https://www.inc.com/ Not exact matches
«Voters in 28 states have chosen programs that shift cannabis from the criminal market to highly regulated, tax - paying businesses,» says Smith in a statement.
Medical marijuana patients are bracing for an uphill battle in their bid to convince the federal government to exempt medicinal cannabis from excise taxes.
But there are regulatory and tax issues that make the sale of cannabis less attractive from a profit - and - loss standpoint.
A tax attorney addresses cannabis business professionals» concerns about claims that the DEA plans to reclassify cannabis from Schedule I to Schedule II.
«This measure is not intended to interfere with a local government decision to abstain from or ban licensing, taxing or regulating cannabis businesses.»
«Though Congressional Republicans say they hate drugs,» he says, «if they take away revenue from people in California and New Jersey, these states have to make up the revenue somehow and they aren't going to raise taxes, so I do think cannabis will [be legalized] a lot faster than otherwise.»
The problem — one the government could have dealt with easily if it had the sense — was that a cannabis warning counted as a completed crime, no different from having solved a murder or a burglary but obviously far less taxing.
It is unfortunate that the petition used data from the Institute of Social and Economic Research, which found legalising cannabis could bring in # 900 million in taxes every year, save # 400 million on policing cannabis and create over 10,000 new jobs.
That latter school is also benefiting from marijuana in other ways: Thanks to $ 900,000 from the state's marijuana tax fund and $ 270,000 in county pot excise taxes to be used for «community enhancement,» CSU - Pueblo last year opened the Institute of Cannabis Research to study topics such as the impact of legalization on local economies, industrial hemp cultivation, and the efficacy of cannabidiol.
That announcement came in the wake of concerns from federal and provincial finance ministers about whether Canada was ready for legalization after a meeting between the ministers ended with no consensus on a coordinated strategy to tax cannabis.
As University of Denver law professor Sam Kamin advised the parliamentary committee, «The more different and innovative approaches the provinces take — from distributing cannabis themselves, to regulating and taxing it, to prohibiting distribution entirely — the more we will learn about the impact of regulatory policy on important outcome metrics.»
He notes that the economic stimulus of a legalized cannabis industry is substantial, and states are also relying on tax revenue from cannabis operations and sales.