Cannabis Excise Tax: Page 4

California Eliminates Cannabis Cultivation Tax, Effective Immediately

The tax, which imposed a rate of $161 per pound on licensed growers, was zeroed out following Gov. Gavin Newsom’s budget signing.

California Lawmakers Consider Budget Trailer Bill to Eliminate Cannabis Cultivation Tax

The proposal would also shift the 15% excise tax from distributors to retailers.

Montana 2022 Cannabis Sales Eclipse $123 Million

The Treasure State continued to add to the chest during its fifth month of adult-use cannabis sales, despite medical sales slipping.

California Cannabis Sales Dip to Lowest Mark Since 2020 Q2

The sales downtrend for the state’s legal market comes as state regulators licensed a record number of retailers in the first quarter of 2022.

Delaware Adult-Use Cannabis Bill One Vote Shy of House Passage Amidst Key Lawmaker’s Absence

With a colleague out sick, state Rep. Ed Osienski changed his vote to “no” to reserve the right for another roll call on his sponsored bill next month.

UPDATE: California Governor’s New Budget Proposal Calls For Fewer Taxes, More Retail, New Method of Excise Tax Collection and Remittance

The revised proposal includes setting the cultivation tax at zero, moving the excise tax collection and remittance from distribution to retail, and funding jurisdiction to increase consumer access to legal cannabis.

New Study Finds Keeping or Eliminating California’s Cannabis Cultivation Tax Yield Similar Revenues

The Reason Foundation’s analysis comes as the state’s Department of Cannabis Control picks up momentum on retail licensing.

Maine Governor Signs Legislation to Reimburse Cannabis Municipalities $20K

The money is to help cover expenses associated with opting into the state’s adult-use cannabis program.

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