Article Canada legalization taxes

Overtaxed & Overburdened’: Cannabis Industry Suffocating Under Regulatory Regime

Cannabis Council of Canada’s Paul McCarthy says he’s ‘bewildered’ at the feds’ lack of action despite growing calls from industry, experts, and a House committee. With thousands of job losses since marijuana’s legalization in 2018, cannabis companies l…

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Canada’s cannabis industry prays for tax reform in federal budget

Canada’s Liberal government unveils its 2024 budget on Tuesday, and the country’s cannabis industry wants one thing above all: relief from a heavy excise-tax burden.
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Article business Industry Michigan retail sales taxes united states

Michigan Cannabis Sales Hit Record High In 2023, Creating Tax Windfall For Governments

Licensed cannabis dispensaries in Michigan rang up a record $3.06 billion in sales in 2023, a 25% increase over 2022. To put that into perspective, the total sales of medical and recreational cannabis last year equates to $385 worth of cannabis for eac…

Article business Industry Michigan retail sales taxes united states

Michigan Cannabis Sales Hit Record High In 2023, Creating Tax Windfall For Governments

Licensed cannabis dispensaries in Michigan rang up a record $3.06 billion in sales in 2023, a 25% increase over 2022. To put that into perspective, the total sales of medical and recreational cannabis last year equates to $385 worth of cannabis for eac…

Article business Industry maryland money recreational sales taxes united states

Marylanders Paid $12M In Cannabis Taxes In First 3 Months Of Recreational Sales

In the first three months that people could legally buy cannabis in Maryland, customers paid more than $12 million in taxes to the state government. Customers buying recreational cannabis pay a 9% point-of-sale tax on all flower, edibles, tinctures and…

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Marijuana Industry Reaction To Biden Running For Second Term

Marijuana Industry Reaction To Biden Running For Second Term
Different advocacy groups plan to send a letter to Biden discussing a demographic that has been excluded from his recent marijuana pardon.
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