Start saving up! Massachusetts lawmakers may set recreational weed tax as high as 28%. Medical marijuana would continue to be untaxed though. This post from The Cannabist discusses the Massachusetts proposal. Lawmakers reviewing the state’s new recreational marijuana law plan to recommend sharply higher taxes and more control for city and town officials over retail pot shops ... Continue Reading
marijuana taxes
Richard Branson Looks Up How Colorado Marijuana Tax Revenue is Used
An inside view of billionaire Richard Branson's private tour of a Colorado substance abuse treatment facility that is partially funded by marijuana tax revenue. This post from The Cannabist reveals why Richard Branson spent extra time in Colorado. After corporate mogul Richard Branson celebrated the launch of his airline Virgin America’s service to Denver International ... Continue Reading
The Truth About the Real Gateway Drug
A new research establishes that the real gateway drug is not marijuana and that early alcohol consumption is a better predictor of future illicit drug use. This article from The Washington Post highlights the findings of this study. You may have heard that marijuana is a gateway drug. Republican presidential candidate Chris Christie makes this argument seemingly everychance ... Continue Reading
Marijuana Tax Revenue Exceeds That from Alcohol in Colorado
Colorado’s marijuana tax revenue has reportedly exceeded the tax revenue generated from the alcohol industry, despite rumors of a thriving marijuana black market. This post from High Times discusses the reasons responsible for the difference in tax revenue generated from marijuana and alcohol. The state of Colorado, which is considered the forefather of the fully legal ... Continue Reading