Taxes
Man ordered to pay $2.5 million restitution to four victims in marijuana fraud
A former Aspen businessman sentenced to 12 years in prison has been ordered to pay nearly $2.5 million in restitution to four victims swindled in a black-market marijuana scheme. Scott Pack was sentenced to prison in July by Arapahoe County District Judge Michael Spear under the Colorado Organized Crime Control Act on a first-class drug […]
Ticker: CCC says don’t change pot tax; Google selects Mississippi site; Mortgage rates hit another low
Changing the way Massachusetts taxes legal marijuana could produce more revenue for the state, but it could also disrupt the fledgling cannabis industry, a report found. In a report by the Cannabis Control Commission, regulators and state revenue experts considered taxing pot based on its weight or potency, rather than the current price-based tax. Although […]
Broomfield examines approach to marijuana sales tax
Broomfield City Council continued its conversation on whether to allow a ban on marijuana sales to expire and if so, how to take the issue of taxing those sales to voters in November.
Milpitas City Council to again weigh cannabis sales tax ballot measure
MILPITAS — Despite voting in late 2018 to ban marijuana businesses in the city, the Milpitas City Council will discuss Tuesday whether it should put a marijuana business sales tax measure on the November election ballot. The issue of whether to sanction marijuana business in the city has been contentious. Mayor Rich Tran, who supported the […]
California passes $1 billion in cannabis tax revenue two years after launching legal market
California has raised $1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care for low income families, cannabis research, public […]
How will Denver’s new minimum wage impact the marijuana industry?
A recent survey of cannabis companies suggests that future entry-level employees will see better pay in Denver thanks to a new law that will increase the city’s minimum wage to $15.87 by 2022.
Colorado surpasses $1 billion in marijuana tax revenue
Colorado has surpassed $1 billion in revenue since the legalization of recreational marijuana in 2014, according to the Colorado Department of Revenue.
Last traces of Sweet Leaf marijuana dispensaries vanish as new chain moves into Aurora, Thornton, Federal Heights locations
Its co-owners were sentenced to prison earlier this year and now the last vestiges of the once-vast Sweet Leaf marijuana dispensary network are being plastered over as a new chain takes over its final three locations.
Marijuana tax money targeted for Colorado’s full-day kindergarten rollout
Colorado lawmakers have hit on a funding source to help struggling school districts cover up to $25 million in startup costs as they expand full-day kindergarten this fall: marijuana taxes.
Gains, growing pains mark California’s 1st year of legal pot
It was supposed to be a great year for marijuana entrepreneur Brian Blatz.