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Cannabis Tax Intel

Op-Ed, The Center Sq Illinois: State lawmakers offer taxation advice they should follow

The cannabis tax conversation is beginning to heat up in Illinois…..

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Here’s the introduction to this op ed  by the Center Sq

The art of taxation seems to elude Illinois lawmakers. 

The latest example is the tax structure developed for recreational cannabis in Illinois. A group of state lawmakers essentially admitted that they just might have set the tax rates too high.

Although this might not be as egregious as what they tried to do with the taxes for a proposed casino in Chicago, it’s further evidence that many lawmakers have no clue how overly burdensome taxes make Illinois less competitive than most U.S. states.

State Sens. Heather Steans, D-Chicago, and Toi Hutchinson, D-Olympia Fields, and state Reps. Kelly Cassidy, D-Chicago, and Jehan Gordon-Booth, D-Peoria, recently published a “Municipal Toolkit” for the state’s recreational marijuana law, House Bill 1438.

In it, they urged municipal officials to “proceed with extreme caution” when it comes to taxing recreational cannabis sales next year, when the product is scheduled to hit the open market. That’s because the state’s taxes on the soon-to-be-legal recreational marijuana may already be too high for some consumers. 

This is worth reading in full, those of you who have followed other states as they move into the world of regulation will recognize the issues

Read on at  https://www.thecentersquare.com/illinois/op-ed-state-lawmakers-offer-taxation-advice-they-should-follow/article_05e56fd8-c9b3-11e9-97ad-af15c12b7323.html

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Cannabis Tax Intel

Article: Flawed Federal Taxation of Recreational Marijuana

The Tax Foundation (USA) writes…A House vote is expected this month on the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which would de-schedule … Read More… The post Article: Flawed Federal Taxation of Recreational Mari…

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The Tax Foundation (USA) writes…

A House vote is expected this month on the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which would de-schedule … Read More…

The post Article: Flawed Federal Taxation of Recreational Marijuana first appeared on Cannabis Law Report.

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Cannabis Tax Intel

Colorado County to pursue 3% cannabis tax

The Blue Mountain Eagle reports Grant County voters will decide whether marijuana users should pay a 3% tax on recreational marijuana products in November.… Read More… The post Colorado County to pursue 3% cannabis tax first appeared on C…

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The Blue Mountain Eagle reports

 

Grant County voters will decide whether marijuana users should pay a 3% tax on recreational marijuana products in November.… Read More…

The post Colorado County to pursue 3% cannabis tax first appeared on Cannabis Law Report.

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Cannabis Tax Intel

Article – Colorado: Are marijuana shops being over-taxed by the city of Durango?

The Durango Herald writes….Officials to review licensing fees this fallThe city of Durango plans to review licensing fees for marijuana businesses after some … Read More… The post Article – Colorado: Are marijuana shops being over-taxed …

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The Durango Herald writes….

Officials to review licensing fees this fall

The city of Durango plans to review licensing fees for marijuana businesses after some … Read More…

The post Article – Colorado: Are marijuana shops being over-taxed by the city of Durango? first appeared on Cannabis Law Report.

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