Cannabis Excise Taxes

15% of California Cannabis Businesses Default on Taxes as 2025 Hike Comes Knocking

With nearly a quarter-billion dollars of 2023 cannabis taxes in default, the state’s market could corrode further with an excise tax increase to 19%.

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

Rescheduling, Legalization Prospects Top CBT's Most-Read Articles in January

Here are Cannabis Business Times’ top 10 stories this month.

New York Governor Moves to Repeal Potency-Based Cannabis Tax

In her state budget proposal for the 2025 fiscal year, Gov. Kathy Hochul proposed that New York do away with its potency-based tax structure for licensed cannabis operators.

Cannabis Retailers Now Massively Overpaying Excise Tax, California Lawsuit Claims

Catalyst Cannabis Co. is suing the state’s tax department over “emergency” regulations regarding how cannabis accessories are taxed.

Home Grow Is Back on the Table: Ohio Lawmakers Take U-Turn on Changes to Cannabis Legalization

In a fast-moving week, the state Senate passed a bill that now includes a personal possession limit in line with what voters approved in November.

Ohio Bill Would Significantly Alter Voter-Approved Cannabis Measure

The state’s forthcoming adult-use market would have a different tax rate, THC caps and possession limits—and home grows would be axed—under the bill.

New Mexico Regulators Work to Bring Cannabis Businesses Into Tax Compliance

The New Mexico Taxation and Revenue Department began contacting dispensary licensees over the summer to notify them that they had failed to file one or more tax returns since registering with the department.

Maryland Cannabis Sales Crack $420 Million For Year; Tax Revenue’s Banking Scrutinized

The state’s licensed dispensaries reported more than $104 million in adult-use cannabis sales in the first two months since the program launched.

Ohio’s Cannabis Language Approved; Voters Will Have Say in November

Should the legalization proposal pass, will state lawmakers honor its intentions?

How Taxing THC Could Support Industry Growth and Progress

As cannabis markets open, THC can create controversy and limit product diversity. CBT Columnists Robert C. Clarke and Mojave Richmond explain why a tax system based on the compound’s potency could promote development and reduce the overall burden on the industry.

Taxing THC: Leveling the Playing Field, Part I

How would a federal cannabis tax fit in to the already complicated patchwork of state and local rates? Alcohol and tobacco policies may provide clues.

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