Tax Expert Proposes THC-Based Levies Over Price Models
Tax policy expert Pat Oglesby argues THC-based cannabis taxes would provide stable revenue and address potency concerns better than price-ba...
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#taxation
Business
R&D Tax Credits Could Save Cannabis Companies Millions Post-Rescheduling
Cannabis companies could claim substantial R&D tax credits under Schedule III, but Fox Rothschild attorneys warn proper documentation and co...
Legislation
South Dakota Officials Left in Dark on Federal Rescheduling Timeline
South Dakota cannabis regulators told state lawmakers that federal officials have provided minimal guidance on marijuana rescheduling, leavi...
Legislation
Michigan Lawmaker Proposes Eliminating 24% Cannabis Wholesale Tax
Michigan Rep. James DeSana introduced legislation to eliminate the state's 24% wholesale cannabis tax, arguing it burdens legal operators an...
Business
San Luis Obispo County Rolls Back Cannabis Tax Hike After One Month
San Luis Obispo County supervisors voted to cut the local cannabis tax from 8% back to 6% of gross receipts, just one month after an automat...
Business
Illinois Opens Medical Permit Path for Adult-Use Retailers
Illinois now allows adult-use cannabis retailers to apply for medical licenses, potentially unlocking DEA registration and relief from Secti...
Legislation
Michigan Lawmaker Seeks Repeal of 24% Cannabis Tax Amid Store Closures
A Michigan lawmaker is pushing to repeal a new 24% cannabis tax that's driving store closures and sales declines across the state's adult-us...
Legislation
California Cannabis Operators Face Mounting Regulatory Burden
California's cannabis industry faces mounting challenges from complex regulations and high compliance costs, according to KQED reporting exa...
Legislation
Michigan's 24% Wholesale Cannabis Tax Misses Revenue Target by Wide Margin
Michigan's 24% wholesale cannabis tax generated far less revenue than the projected $420 million annually in its first quarter, raising conc...
Legislation
Congress Urges IRS to Clarify Tax Rules for Cannabis Businesses
Congressional lawmakers are demanding the IRS provide immediate tax guidance for cannabis businesses following marijuana's rescheduling to S...
Legislation
IRS to Issue Tax Guidance as Schedule III Takes Effect for Medical Cannabis
Treasury officials will issue new tax guidance following the Trump administration's order moving state-licensed medical marijuana to Schedul...
Industry News
High Times Rebuts NYT Editorial Board's Cannabis Policy Stance
High Times published a point-by-point rebuttal to The New York Times Editorial Board's call for stricter cannabis regulations, challenging t...