California – Fullerton City Council to Discuss Sales Tax and Cannabis at its July 7 Meeting

Needing to fill in millions of dollars of a deficit that could grow even larger, Fullerton leaders are looking at putting a city sales tax up for voters’ consideration in November and legalizing cannabis manufacturing and dispensaries. Even before the Continue reading California – Fullerton City Council to Discuss Sales Tax and Cannabis at its July 7 Meeting

California – Reports Cannabis Tax Revenues for 1st Quarter of 2020

 Sacramento – The California Department of Tax and Fee Administration reported revenue numbers today for cannabis sales for the 1st Quarter of 2020. As of May 15, 2020, California’s cannabis excise tax generated $68.3 million in revenue reported on the 1st Continue reading California – Reports Cannabis Tax Revenues for 1st Quarter of 2020

California – Costa Mesa Approves Ordinance Lowering Business Tax on Legal Marijuana

Costa Mesa has approved an ordinance that will reduce a business tax on all legal marijuana operations established in a city measure approved by voters in 2016. The City Council voted 4-2 in mid-March to give final approval to the Continue reading California – Costa Mesa Approves Ordinance Lowering Business Tax on Legal Marijuana

Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Tax revenue from Illinois adult-use cannabis sales surpassed $10 million in January, according to a Chicago Tribune report. Illinois collects sales tax, as well as an additional cannabis tax, on adult-use sales, and January sales brought in more than $3.1 million in Continue reading Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January