Cannabis Legalization News

Cannabis Could Generate $106 Billion in Tax Revenue - If It Were Federally Legal
Full adult use legalization of cannabis could generate 1 million jobs in the next seven years, according to New Frontier Data.
Mar 13, 2018 3:34 PM
The Street
How tax reform could push more states to legalize marijuana
Over the past few decades, the two statements most associated with the Republican Party are probably "No new taxes" and "Just say no." Most Republican lawmakers believe that more money should remain in people's pockets and less in government coffers (lower taxes).
Dec 1, 2017 2:46 PM
Disputed Cannabis Tax Revenue Used to Fund Scholarships
The cannabis industry is one of the most promising spheres nationwide. Since it attracts millions of dollars and provides significant profits, the industry is becoming an important source of taxes. However, current marijuana-related laws still contain plenty of disputable issues concerning the collection and use of pot taxes.
Jun 6, 2017 12:30 PM
When Did Marijuana Become Illegal?
Worldwide, there is a long history of cannabis prohibition. For dozens of years, different governments fought against cannabis and treated this plant like one of the most dangerous and harmful drugs. But there were times when cannabis was treated differently―as a medicine, as a useful raw material, and even as food. So, when exactly and, most importantly, why was marijuana made illegal? WeedLex will take you to a brief trip into the history of marijuana laws.
May 8, 2017 12:30 PM
How to Keep Your Weed Money Tax-Free?
In the United States, tax revenue is the major source filing both federal and local budgets. It is a quite common thing for an entrepreneur to think they pay too much taxes. But when it comes to a marijuana-related business, it is more likely to be true. Not only did certain states impose excise taxes on cannabis businesses, but also federal marijuana tax laws are not exactly business-friendly. So the question is, what can you do to pay less taxes without breaking the law?
Apr 24, 2017 12:50 PM
Colorado Researchers Receive $2.35M in Grants to Study Recreational Weed Legalization Impacts
Colorado Department of Public Health and Environment has announced it will spend $2.35 million on funding seven separate studies that will become a part of Colorado's Retail Marijuana Health Monitoring Program. The main goal of the program is to examine the impacts of the recreational marijuana legalization on different areas of Coloradoans' lives.
Dec 17, 2016 12:15 PM
Alaska Cannapreneurs Face New Challenge: Paying Taxes
Although recreational weed became fully legal in Alaska over a year ago, local marijuana entrepreneurs were not able to start selling their product to non-medical users until this fall. But even with the official start of the recreational cannabis sales, the number of challenges that marijuana businesses are forced to face is only growing bigger.
Nov 22, 2016 12:00 PM
Is Weed Legal in Oregon? Yes, But Not Everywhere
Is marijuana legal in Oregon? Even though the state have legalized recreational marijuana use for adults over 21 more than two years ago, dozens of Oregon localities continue to ban both medical and recreational marijuana sales on the local level.
Nov 17, 2016 9:15 AM
4 Things States Spend Marijuana Tax Revenue On
With over a dozen of states voting on medical or recreational marijuana legalization this November, one of the most frequently asked questions is whether the pros of legal weed outweigh the cons.
Oct 9, 2016 9:20 AM
5 Major Risks Facing Every Weed Investor and Entrepreneur
When it comes to marijuana, it is really hard to find an investor who will risk getting involved with the plant. Numerous reports show that cannabis industry has a huge potential and can bring cannabis companies a lot of money.
Sep 27, 2016 9:35 AM
Over $25 Million Marijuana Taxes Collected in Oregon
A total of $25.5 million collected in Oregon in marijuana sales tax since January is about as much as state officials expected. While not a universal solution to all budget problems in the state, this new source of revenue will surely help balance the books in Oregon.
Aug 28, 2016 9:10 AM
Can Marijuana Taxes Solve Our Budget Problems?
People get so used to hearing about the impressive tax revenues that cannabis industry has brought to the local budgets of the states with legalized recreational weed, that it actually tricked some of them to thinking marijuana taxes can solve all the problems of their neighborhood.
Aug 24, 2016 9:10 AM
U.S. Drug Policy: Pros and Cons of Ending Marijuana Prohibition
Up and down the western hemisphere, marijuana policy remains a hot topic of discussion. In 2016, a UN General Assembly Special Session focused on the drug problems in the world, particularly on marijuana problems.
Aug 16, 2016 9:25 AM
Italy's Plan to Legalize Cannabis Could Eradicate Both Mafia and Islamic State
Italy is going to start a national debate about the legalization of marijuana. One of the officials has recently announced that in case the country develops an effective system of cannabis taxation and regulation, it will be able to help in fighting mafia and Islamic State at the same time.
Jul 22, 2016 9:15 AM
Colorado Looking for Researchers to Study Cannabis
The state legislature has agreed to invest $2.4 million generated from marijuana sales taxes in conducting cannabis-related studies. Currently, the Colorado Health Department is looking for researchers to help study cannabis for medical use.
Jul 18, 2016 9:10 AM
Colorado Students Awarded Cannabis Tax Scholarship
Pueblo County, Colorado, has awarded 25 local high school students with a college scholarship financed by the funds generated from cannabis excise taxes.
Jul 3, 2016 9:15 AM
Tax Law Paradoxes: Marijuana Tax Revenue Legal, Tax Deductions Outlawed
When it comes to legalizing weed, there is a certain contradiction between the federal and local laws. While marijuana remains classified as a Schedule I drug and is illegal at the federal level, 25 states plus the District of Columbia have legalized it for either medical, or recreational purposes, or both.
Jun 17, 2016 9:00 AM