Cannitrol – Cannabis Control Agent

Marijuana news from around the world

taxes

Colorado Supreme Court won’t hear Adams County’s appeal over its pot tax battle with cities

The Colorado Supreme Court this week declined to hear an appeal by Adams County over the validity of its recreational marijuana tax in three of its cities, raising questions about the fate of the nearly $2 million the county has brought in over the last two years from the levy.

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More disputed tax revenue used to fund scholarships for low-income Adams County students

Adams County continues to use disputed tax revenue from recreational marijuana sales to fund scholarships, recently announcing that 64 high school students in the county had been awarded more than $1 million in total.

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IRS trawling state-run pot database to block Colorado marijuana companies from claiming tax deductions

The industry says the IRS is conducting an unauthorized criminal investigation using seed-to-sale database and overreaching its authority.

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Colorado marijuana sales top $131M, set record in March 2017

In March 2017, licensed Colorado marijuana shops hauled in more than $131 million in sales; it’s the tenth month in a row sales have topped $100 million.

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Dispute over marijuana taxing authority in Colorado may continue — despite state bill designed to defuse it

Lawmakers are expected to pass a bill Monday to stop a standoff over local marijuana taxes, but that may not stop a protracted legal battle between Adams County and three of its cities from winding up at the state’s high court.

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California police not down with Gov. Brown’s marijuana plan

California law enforcement officials object to Gov. Jerry Brown’s proposed plans for the state’s marijuana rules, saying they could endanger public safety.

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13 California marijuana dispensaries owe $12 million in taxes, says report

Thirteen medical marijuana dispensaries owe more than $12 million in unpaid state taxes, according to a recently published Board of Equalization report.

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Denver FBI honors youth program partly funded by pot taxes

The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.

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Colorado sold $1.3 billion worth of marijuana in 2016

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales. To compare, Year One of the recreational era totaled $699.2 million and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition.

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Tax hike: What it could mean for consumers, industry in Colorado

A look at how the Colorado marijuana tax hike may play into factors such as supply-and-demand, black market pull, pricing, end costs, and short- and long-term state fiscal strategies.

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