Mass. Panel Aims to Strike Balance on Cannabis Taxes

The co-chairs of a legislative committee reviewing the state’s new recreational marijuana law said Tuesday that when it comes to taxing sales of the drug lawmakers will look to strike a balance between raising revenue for the state and discouraging the underground market. Continue reading “Mass. Panel Aims to Strike Balance on Cannabis Taxes”

Conquering the Hurdles to Operating a Legal Cannabis Business

Personally, I feel when legalizing marijuana, states removed the prohibition of cannabis only to create a system with the potential to be riddled with crime and tax fraud.  Yet we are required to operate under the rules at present.  For instance, those in the cannabis business can attest to the vacuum created from the lack of reliable banking options available for what is essentially an all-cash business. Continue reading “Conquering the Hurdles to Operating a Legal Cannabis Business”

Colorado sold $1.3 billion worth of marijuana in 2016

It’s a billion-dollar business — and then some.

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.

To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition. Continue reading “Colorado sold $1.3 billion worth of marijuana in 2016”