POSTS TAGGED WITH "taxes"

The illicit market for cannabis is still booming due in part to scarce retail options.

Black Market Sales in Canada Soar as Retail Market Struggles to Catch Up

During 2018’s fourth quarter, consumer cannabis spending totaled $1.478 billion. Unfortunately, only 21 percent of that went toward legal cannabis.

In this Oct. 20, 2018, file photo, a customer takes a sniff test from the selection of marijuana strains at Miyagi LA booth at the cannabis-themed Kushstock Festival at Adelanto, Calif. When California voters broadly legalized marijuana in 2016, they were promised that part of the tax revenue from pot sales would be devoted to programs to teach youth how to avoid substance abuse and "prevent harm" from marijuana use. But more than a year after the start of sales, there's no money for those programs and looming questions about how they might operate in the future. (AP Photo/Richard Vogel, File)

California Cannabis Revenue Won’t Pay for Youth Programs… Yet

Part of California’s tax revenue from pot sales was to be devoted to youth programs. A year in and there’s still no money for those programs.

In this Friday, Jan. 12, 2018 photo a bud tender prepares marijuana for a customer at Med Men a dispensary in West Hollywood, Calif. A group of Democratic state lawmakers are proposing major tax cuts for the marijuana industry to jump-start's California's sluggish legal marketplace. The bill Assemblyman Rob Bonta of Oakland and others introduced Monday, Jan. 28, 2019 would for the next three years eliminate the state's $148 per pound cultivation tax and reduce the state's 15 percent excise tax on retail sales to 11 percent. (AP Photo/Richard Vogel, File)

California Seeks Lower Taxes and Less Red Tape Amid Slow Pot Sales

Monday, several cannabis-industry supporting state lawmakers proposed to slash taxes as a way to jump start California’s legal marijuana marketplace.

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