Tag: CBT > Business Issues/ Benchmarks > Cannabis Excise Taxes: Page 2

New Mexico

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.

October 27, 2023

Maryland

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.

September 7, 2023

Ohio

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

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

August 25, 2023

Growing Pains

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.

August 23, 2023

Growing Pains

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.

June 29, 2023

Cannabis Tax Revenue

Cannabis Legalization One Step Away From Minnesota Governor’s Desk

Democratic Gov. Tim Walz has pledged to sign the legislation, which would make Minnesota the 23rd state to legalize adult-use cannabis.

May 18, 2023

Cannabis Cultivation Tax

7 Tax Tips Cannabis Cultivators Should Know

Minimize your tax burden and avoid regulatory pitfalls.

May 15, 2023

Marketing Your Cannabis Business

7 Ways Growers Can Compete and Stand Out From the Crowd

As competition increases, smaller brands will have to be even more innovative to be heard above the noise.

October 26, 2022

Interviews & Opinion

Creating a Budget for 2023? Consider These Tips

Naomi Granger, founder of the National Association of Cannabis Accounting and Tax Professionals, shares key factors cannabis cultivators and retailers should consider when creating a budget for 2023.

October 12, 2022

Cannabis Excise Tax

Taxes: Comparing Cannabis With Alcohol

Cannabis excise tax revenues outpaced alcohol in seven adult-use states in 2021.

October 6, 2022