The economic impact of the legal cannabis industry in the U.S. is projected to be of the order of $80 billion by 2022. This post from Green-Flower.com highlights how the cannabis industry is creating jobs and boosting economies. The emerging cannabis industry is growing exponentially, with billions of dollars in sales annually and hundreds of millions of dollars in tax ... Continue Reading
marijuana tax
The 10 Most Prominent Women in Cannabis
Many of the greatest victories in the fight for marijuana legalization are being won by women. Read more about the 10 most interesting women in cannabis in 2018, in this post from Weed Reader. It’s difficult to consume news media these days without getting a taste of cannabis. In just the past few months, Colorado passed $1 Billion in annual sales faster than any state in ... Continue Reading
Justin Trudeau for $1 Recreational Cannabis Tax
PM Justin Trudeau suggested levying a $1 federal excise tax on recreational cannabis once it becomes legal in July. Get to know more in this post from GreenCamp. Prime Minister Justin Trudeau and the premiers met yesterday in order to discuss small business tax reform and the tight timeline for legalizing cannabis, which is coming in July. John Horgan, the premiere ... Continue Reading
Recreational Weed Garners $500,000 In Taxes
First days of recreational marijuana sales in Nevada generated about $500,000 in taxes. This post from Las Vegas Sun Newspaper reports the exciting legalization of recreational weed in the state. The first four days of legal recreational marijuana sales generated $3 million in sales revenue and about $500,000 in tax revenue, putting Nevada on pace to achieve an estimated $30 ... Continue Reading
Oregon Legal Marijuana Sales Rake in $3.48M Tax Revenue in One Month
First month tax revenue from legal marijuana sales in Oregon has far surpassed the estimated figure for the whole year. This post from MIC.com reports that the sale of legal marijuana in Oregon raked in $3.48 million in tax revenue after just one month. After its first month of legal weed sales, Oregon has raked in $3.48 million in tax revenue, a boon for the state ... Continue Reading