Yes, Colorado is getting ready for Federal legalization, read this https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization
How Much Tax Money Can States Get from Legalized Marijuana?Cannabis News
The document discusses how much tax revenue states can realistically expect to generate from legalizing marijuana. It notes that while states like Colorado and California have generated billions in cannabis sales, high tax rates in California have contributed to a large black market. The author argues that states should keep marijuana tax rates low to avoid driving consumers to the illegal market and maximize tax revenues. Lower taxes in Colorado have helped it establish a strong legal cannabis industry with hundreds of millions in annual tax revenues.
Protecting the Marijuana Industry from the Corporate Takeover of LegalizationEvergreen Buzz
How can we protect the marijuana industry from corporate takeovers, read this https://cannabis.net/blog/opinion/protecting-the-marijuana-industry-from-federal-legalization-is-it-even-possible-to-stop-the-cor
Cannabis Arrest Drop by 95% in New York City after LegalizationEvergreen Buzz
After New York legalized recreational marijuana in March 2021, marijuana arrests in New York City dropped 95%. In the second quarter of 2021, the NYC police department only recorded 8 cannabis-related arrests, down from over 3,700 court summonses previously. This rapid decline is attributed to the language in New York's legalization law permitting public use and effective implementation by state authorities.
Marijuana Will Be Legalized in 2021 Now That Georgia Voted In Two DemocratsCannabis News
1. Georgia voting for two Democratic Senators in runoff elections has significantly increased the chances of nationwide marijuana legalization in 2021.
2. With Democratic control of the presidency and both houses of Congress, bills like the MORE Act that would legalize marijuana at the federal level are likely to pass.
3. If marijuana is removed from the Controlled Substances Act, it would open up interstate commerce for the legal marijuana industry and allow more countries to legalize without fear of US intervention.
SALT Alert
SALT Top Stories of 2016
December 20, 2016
SUMMARY
While 2016 saw its fair share of important state and local tax developments, this year may best be remembered as a time in which many fundamental issues were set up for dynamic resolution in the coming year. For example, on the remote seller nexus front, while federal legislation on the subject failed to advance this year, many states took matters into their own hands by enacting legislation and inviting litigation at the state level to address how to require remote sellers to collect and remit sales and use tax. Courts and legislatures addressed the ability of states to subject businesses with a lack of physical presence to entity-level taxes imposed by Ohio and Nevada. Based on these developments, consensus is beginning to build towards a judicial or Congressional determination, which could come as early as next year, on the power of a state to subject out-of-state businesses to all types of taxation that may eviscerate the historic Quill physical presence standard set forth by the U.S. Supreme Court.
FULL ALERT ATTACHED
Please note: SALT Alerts are posted to our external GT web site within 24-48 hours and can be accessed using the following link www.gt.com\SALTalerts. Should you wish to forward this SALT Alert to your client immediately, please use the attached PDF file. SALT Alerts are also available via RSS feed and our twitter feed.
Cannabis Basics: Getting up to Speed with Current Laws, Legislation, & Essent...Financial Poise
The cannabis and hemp industries in the U.S. have exploded in recent years due to increased numbers of states allowing businesses to grow, process, and sell cannabis products for medical and adult use. But one may ask: how are these businesses capable of operating if federal laws prohibit them?
This series provides an essential foundation for any businessperson or professional looking to get smart about the cannabis industry. In the first episode of this series, our panel of experts will bring you up to speed on the complex and constantly evolving legal framework governing cannabis businesses. With this context, our panelists will also discuss the opportunities and challenges of operating in the cannabis space.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/cannabis-investment-successes-failures-strategies-for-the-future-2021/
Why Are Home Values Soaring? Legal Weed is One Reason!Evergreen Buzz
Yes, marijuana is driving your home value up, read this https://cannabis.net/blog/news/why-are-home-prices-way-up-well-weed-is-one-reason-if-you-live-in-a-legal-state
How Much Tax Money Can States Get from Legalized Marijuana?Cannabis News
The document discusses how much tax revenue states can realistically expect to generate from legalizing marijuana. It notes that while states like Colorado and California have generated billions in cannabis sales, high tax rates in California have contributed to a large black market. The author argues that states should keep marijuana tax rates low to avoid driving consumers to the illegal market and maximize tax revenues. Lower taxes in Colorado have helped it establish a strong legal cannabis industry with hundreds of millions in annual tax revenues.
Protecting the Marijuana Industry from the Corporate Takeover of LegalizationEvergreen Buzz
How can we protect the marijuana industry from corporate takeovers, read this https://cannabis.net/blog/opinion/protecting-the-marijuana-industry-from-federal-legalization-is-it-even-possible-to-stop-the-cor
Cannabis Arrest Drop by 95% in New York City after LegalizationEvergreen Buzz
After New York legalized recreational marijuana in March 2021, marijuana arrests in New York City dropped 95%. In the second quarter of 2021, the NYC police department only recorded 8 cannabis-related arrests, down from over 3,700 court summonses previously. This rapid decline is attributed to the language in New York's legalization law permitting public use and effective implementation by state authorities.
Marijuana Will Be Legalized in 2021 Now That Georgia Voted In Two DemocratsCannabis News
1. Georgia voting for two Democratic Senators in runoff elections has significantly increased the chances of nationwide marijuana legalization in 2021.
2. With Democratic control of the presidency and both houses of Congress, bills like the MORE Act that would legalize marijuana at the federal level are likely to pass.
3. If marijuana is removed from the Controlled Substances Act, it would open up interstate commerce for the legal marijuana industry and allow more countries to legalize without fear of US intervention.
SALT Alert
SALT Top Stories of 2016
December 20, 2016
SUMMARY
While 2016 saw its fair share of important state and local tax developments, this year may best be remembered as a time in which many fundamental issues were set up for dynamic resolution in the coming year. For example, on the remote seller nexus front, while federal legislation on the subject failed to advance this year, many states took matters into their own hands by enacting legislation and inviting litigation at the state level to address how to require remote sellers to collect and remit sales and use tax. Courts and legislatures addressed the ability of states to subject businesses with a lack of physical presence to entity-level taxes imposed by Ohio and Nevada. Based on these developments, consensus is beginning to build towards a judicial or Congressional determination, which could come as early as next year, on the power of a state to subject out-of-state businesses to all types of taxation that may eviscerate the historic Quill physical presence standard set forth by the U.S. Supreme Court.
FULL ALERT ATTACHED
Please note: SALT Alerts are posted to our external GT web site within 24-48 hours and can be accessed using the following link www.gt.com\SALTalerts. Should you wish to forward this SALT Alert to your client immediately, please use the attached PDF file. SALT Alerts are also available via RSS feed and our twitter feed.
Cannabis Basics: Getting up to Speed with Current Laws, Legislation, & Essent...Financial Poise
The cannabis and hemp industries in the U.S. have exploded in recent years due to increased numbers of states allowing businesses to grow, process, and sell cannabis products for medical and adult use. But one may ask: how are these businesses capable of operating if federal laws prohibit them?
This series provides an essential foundation for any businessperson or professional looking to get smart about the cannabis industry. In the first episode of this series, our panel of experts will bring you up to speed on the complex and constantly evolving legal framework governing cannabis businesses. With this context, our panelists will also discuss the opportunities and challenges of operating in the cannabis space.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/cannabis-investment-successes-failures-strategies-for-the-future-2021/
Why Are Home Values Soaring? Legal Weed is One Reason!Evergreen Buzz
Yes, marijuana is driving your home value up, read this https://cannabis.net/blog/news/why-are-home-prices-way-up-well-weed-is-one-reason-if-you-live-in-a-legal-state
Will Cannabis Banking Pass with the Defense Spending Bill?Evergreen Buzz
Can marijuana pass, read this https://cannabis.net/blog/opinion/so-what-are-the-chances-cannabis-banking-reform-passes-along-with-the-defense-spending-bill
State and local tax: Top stories of 2015Andrea Platt
The document summarizes key state and local tax developments from 2015, including:
1) The US Supreme Court's Wynne decision determined Maryland's tax system violated the Commerce Clause by not allowing a credit for taxes paid to other states, costing Maryland $200 million in refunds.
2) Alabama enacted a regulation requiring out-of-state sellers to collect sales tax without a physical presence, testing the boundaries of the Quill decision.
3) Iowa and Kansas began allowing credits against local taxes paid in other states in response to Wynne.
USA: State & Local Tax Top Stories of 2015Alex Baulf
2015 was notable in large part due to a series of decisions issued by state and federal courts which could pave the way for future resolution of several gray areas in state and local taxation. For example, the U.S. Supreme Court issued several major decisions impacting state and local taxes, including Obergefell v. Hodges and Comptroller of the Treasury v. Wynne. In Obergefell, the Court held that same-sex couples had the right to marry. States that did not recognize same-sex marriage prior to the decision issued guidance on filing returns after Obergefell. In Wynne, the Court determined that the failure of Maryland law to allow a credit against county personal income tax for Maryland residents for their pass-through income from an S corporation’s out-of-state activities that was taxed by other states was unconstitutional.
When Will Joe Biden Legalize Marijuana in America?Evergreen Buzz
Joe Biden is not moving quick, read this https://cannabis.net/blog/news/joe-biden-has-been-president-for-299-days-and-cannabis-is-still-not-federally-legal
Can the Cannabis Industry Stop the Corporate Takeover Coming with Legalization?Cannabis News
Can the cannabis industry stop the corporate takeover that comes with legalization, read this https://cannabis.net/blog/opinion/protecting-the-marijuana-industry-from-federal-legalization-is-it-even-possible-to-stop-the-cor
Has Cannabis Revenue Fallen Short for Many States?Cannabis News
Has cannabis tax revenue fallen short, read this https://cannabis.net/blog/opinion/have-marijuana-tax-revenues-fallen-short-of-the-mark-for-many-states
Interstate Cannabis Taxes - The Future of Shipping Weed?Evergreen Buzz
Will we see interstate tariffs, read this https://cannabis.net/blog/opinion/marijuana-tariffs-the-future-of-interstate-cannabis-commerce-and-social-equity-mandates
Georgia May Have Just Created Marijuana Legalization Around the WorldEvergreen Buzz
Yes, that did happen in Georgia last night, read this https://cannabis.net/blog/opinion/worldwide-marijuana-legalization-now-imminent-in-2021-as-georgia-goes-blue
Go Massachuetts taxes, read this https://cannabis.net/blog/news/massachusetts-now-makes-more-tax-revenue-from-weed-than-alcohol-so-why-are-some-politicians-sti
If you buy some curlf or cgc stock, you are now a threat to national security Evergreen Buzz
Cannabis stocks make you a threat, read this https://cannabis.net/blog/news/if-you-buy-some-curlf-or-cgc-stock-you-are-now-a-threat-to-national-security
Rhode Island Approves Recreational Cannabis LawsCannabis News
The Rhode Island State Senate approved legislation to legalize recreational cannabis use. The bill passed with a 29-9 vote, allowing adults 21 and older to possess up to one ounce of marijuana and cultivate up to six cannabis plants for personal use. A regulatory commission will now be established to regulate cannabis businesses and collect tax revenue from sales. The new law also provides for expungement of criminal records related to possession of small amounts of marijuana.
Several US states are working to become the blockchain and cryptocurrency capital of the country by passing crypto-friendly legislation. Wyoming has passed several bills defining cryptocurrencies as assets and exempting certain tokens from securities laws. This is aimed at attracting blockchain companies to the state. Tennessee is also pursuing pro-crypto policies like legally recognizing cryptocurrency payments. Delaware was an early leader but its blockchain director recently stepped down, though the state still plans to advance its goals in this area.
Recreational Marijuana Coming to Oklahoma in 2022?Cannabis News
Oklahoma cannabis advocates are working to legalize both recreational and medical marijuana through ballot initiatives in 2022. They have finalized language for a measure that would allow adults 21 and older to possess and purchase certain amounts of cannabis from licensed dispensaries. It would also permit home cultivation. Another measure aims to replace the existing medical marijuana program with a new regulatory agency. Advocates will need to gather over 177,000 signatures to get the measures on the 2022 ballot. If approved, Oklahoma could join other states in legalizing recreational use.
Connecticut Approves Legal Cannabis, Governor Set to Sign BillEvergreen Buzz
Connecticut will have legal marijuana, read this https://cannabis.net/blog/news/connecticut-senate-approves-legal-cannabis-governor-lamont-ready-to-sign-the-bill
Will Cannabis Banking Pass with the Defense Spending Bill?Evergreen Buzz
Can marijuana pass, read this https://cannabis.net/blog/opinion/so-what-are-the-chances-cannabis-banking-reform-passes-along-with-the-defense-spending-bill
State and local tax: Top stories of 2015Andrea Platt
The document summarizes key state and local tax developments from 2015, including:
1) The US Supreme Court's Wynne decision determined Maryland's tax system violated the Commerce Clause by not allowing a credit for taxes paid to other states, costing Maryland $200 million in refunds.
2) Alabama enacted a regulation requiring out-of-state sellers to collect sales tax without a physical presence, testing the boundaries of the Quill decision.
3) Iowa and Kansas began allowing credits against local taxes paid in other states in response to Wynne.
USA: State & Local Tax Top Stories of 2015Alex Baulf
2015 was notable in large part due to a series of decisions issued by state and federal courts which could pave the way for future resolution of several gray areas in state and local taxation. For example, the U.S. Supreme Court issued several major decisions impacting state and local taxes, including Obergefell v. Hodges and Comptroller of the Treasury v. Wynne. In Obergefell, the Court held that same-sex couples had the right to marry. States that did not recognize same-sex marriage prior to the decision issued guidance on filing returns after Obergefell. In Wynne, the Court determined that the failure of Maryland law to allow a credit against county personal income tax for Maryland residents for their pass-through income from an S corporation’s out-of-state activities that was taxed by other states was unconstitutional.
When Will Joe Biden Legalize Marijuana in America?Evergreen Buzz
Joe Biden is not moving quick, read this https://cannabis.net/blog/news/joe-biden-has-been-president-for-299-days-and-cannabis-is-still-not-federally-legal
Can the Cannabis Industry Stop the Corporate Takeover Coming with Legalization?Cannabis News
Can the cannabis industry stop the corporate takeover that comes with legalization, read this https://cannabis.net/blog/opinion/protecting-the-marijuana-industry-from-federal-legalization-is-it-even-possible-to-stop-the-cor
Has Cannabis Revenue Fallen Short for Many States?Cannabis News
Has cannabis tax revenue fallen short, read this https://cannabis.net/blog/opinion/have-marijuana-tax-revenues-fallen-short-of-the-mark-for-many-states
Interstate Cannabis Taxes - The Future of Shipping Weed?Evergreen Buzz
Will we see interstate tariffs, read this https://cannabis.net/blog/opinion/marijuana-tariffs-the-future-of-interstate-cannabis-commerce-and-social-equity-mandates
Georgia May Have Just Created Marijuana Legalization Around the WorldEvergreen Buzz
Yes, that did happen in Georgia last night, read this https://cannabis.net/blog/opinion/worldwide-marijuana-legalization-now-imminent-in-2021-as-georgia-goes-blue
Go Massachuetts taxes, read this https://cannabis.net/blog/news/massachusetts-now-makes-more-tax-revenue-from-weed-than-alcohol-so-why-are-some-politicians-sti
If you buy some curlf or cgc stock, you are now a threat to national security Evergreen Buzz
Cannabis stocks make you a threat, read this https://cannabis.net/blog/news/if-you-buy-some-curlf-or-cgc-stock-you-are-now-a-threat-to-national-security
Rhode Island Approves Recreational Cannabis LawsCannabis News
The Rhode Island State Senate approved legislation to legalize recreational cannabis use. The bill passed with a 29-9 vote, allowing adults 21 and older to possess up to one ounce of marijuana and cultivate up to six cannabis plants for personal use. A regulatory commission will now be established to regulate cannabis businesses and collect tax revenue from sales. The new law also provides for expungement of criminal records related to possession of small amounts of marijuana.
Several US states are working to become the blockchain and cryptocurrency capital of the country by passing crypto-friendly legislation. Wyoming has passed several bills defining cryptocurrencies as assets and exempting certain tokens from securities laws. This is aimed at attracting blockchain companies to the state. Tennessee is also pursuing pro-crypto policies like legally recognizing cryptocurrency payments. Delaware was an early leader but its blockchain director recently stepped down, though the state still plans to advance its goals in this area.
Recreational Marijuana Coming to Oklahoma in 2022?Cannabis News
Oklahoma cannabis advocates are working to legalize both recreational and medical marijuana through ballot initiatives in 2022. They have finalized language for a measure that would allow adults 21 and older to possess and purchase certain amounts of cannabis from licensed dispensaries. It would also permit home cultivation. Another measure aims to replace the existing medical marijuana program with a new regulatory agency. Advocates will need to gather over 177,000 signatures to get the measures on the 2022 ballot. If approved, Oklahoma could join other states in legalizing recreational use.
Connecticut Approves Legal Cannabis, Governor Set to Sign BillEvergreen Buzz
Connecticut will have legal marijuana, read this https://cannabis.net/blog/news/connecticut-senate-approves-legal-cannabis-governor-lamont-ready-to-sign-the-bill
Connecticut Approves Marijuana Legalization in Senate VoteCannabis News
The Connecticut Senate approved a bill to legalize cannabis. The bill passed with a 19-17 vote. It allows individuals 21 and older to possess up to 1.5 ounces of cannabis. It also provides social equity provisions to benefit minority communities negatively impacted by previous drug laws. The Governor is ready to sign the bill into law, which would make Connecticut the 19th state to legalize cannabis.
What 4 Conservative States Could Legalize Medical Marijuana in 2021?Cannabis News
What Red States could legalize medical marijuana in 2021, read this https://cannabis.net/blog/opinion/these-4-red-states-could-go-green-in-2021-and-legalize-medical-marijuana
Can Cannabis Businesses Be Evicted in the COVID-19 Moratorium?Evergreen Buzz
Oregon passed an eviction moratorium during the COVID-19 pandemic that prevents landlords from evicting tenants for non-payment of rent. The moratorium was extended through legislation to apply to commercial properties like cannabis businesses. A recent lawsuit in Oregon alleges a landlord wrongfully evicted a cannabis business in violation of the moratorium, highlighting uncertainty around how these laws apply to the cannabis industry given federal illegality. The document analyzes Oregon rental laws and how the moratorium may cover cannabis businesses.
Why Are So Many Municipalities Opting out of Their State's Cannabis Marketplace?Evergreen Buzz
The document discusses why many cities and towns are opting out of participating in their state's legal marijuana programs, despite the potential financial benefits. Some municipalities worry about increased liability for police in cannabis arrests. Others want to restrict dispensaries but allow manufacturing. Many residents support legalization but do not want cannabis businesses in their neighborhoods due to "not in my backyard" (NIMBY) attitudes. Opting out means municipalities miss out on tax revenue that states generate from legal cannabis programs. Educating communities about cannabis' benefits could help change negative perceptions and reduce the number opting out.
Similar to Colorado Jumps the Shark - Get Tax System Ready for Federal Legalization (20)
Is Weed Causing People to Leave Their Religion?Cannabis News
Religion and people using cannabis, read this https://cannabis.net/blog/opinion/the-great-exodus-from-organized-religion-is-cannabis-playing-a-key-role
Legal Extortion in Cannabis - Community Impact Fees Skyrocket Over $50 Millio...Cannabis News
Cannabis businesses in Massachusetts have paid over $53 million in community impact fees since 2018. A survey found the fees were arbitrarily set at 3% of revenue by many communities without justification. While some cities like Brookline spent funds transparently on initiatives, others used funds opaquely in their general budgets. The fees are criticized as a form of extortion but municipalities argue they offset regulatory costs. A debate continues on reforming oversight of the fee system.
Should We Put Social Justice and Cannabis Reform Together Anymore?Cannabis News
Is social justice and cannabis reform working, read this https://cannabis.net/blog/opinion/is-mixing-social-justice-with-marijuana-reform-doing-more-harm-than-good-right-now
Do Marijuana Users Need More Drugs During Endoscopies and Colonoscopies?Cannabis News
Yes, they do on MAC scores, read this https://cannabis.net/blog/medical/whats-your-mac-score-why-cannabis-users-need-stronger-sedation-drugs-for-colonoscopies-and-endo
Can the Cannabis Industry Lead the Way on Water Issues in the World?Cannabis News
The marijuana industry to the rescue, read this https://cannabis.net/blog/opinion/how-the-cannabis-industrys-technology-could-help-solve-the-worlds-water-problems
The Conscious Cannabis Consumer Through the Lens of Psychologist Ken WilberCannabis News
Yes, he can look at weed, read this https://cannabis.net/blog/opinion/the-stages-of-the-conscious-cannabis-consumer-through-the-lens-of-psychologist-ken-wilber
Did Evolution Happen Due to Apes Eating Magic Mushrooms?Cannabis News
The Stoned Ape Theory of Evolution explained, read this https://cannabis.net/blog/opinion/did-apes-evolve-into-humans-because-they-ate-magic-mushrooms-the-stoned-ape-theory-of-evolution
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Colorado Jumps the Shark - Get Tax System Ready for Federal Legalization
1. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 2/15
COLORADO PREPARES TAXES FOR FEDERAL LEGALIZATION
l d i i d '
Edit Article (https://cannabis.net/mycannabis/c-blog-entry/update/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization)
Article List (https://cannabis.net/mycannabis/c-blog)
2. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 3/15
Colorado is Preparing to Accommodate It's
Tax System Now in Order to Handle
Federal Legalization in the Future
Colorado is being proactive to keep it's cannabis industry competitive when Federal legalization
arrives
Posted by:
Reginald Reefer, today at 12:00am
Colorado is Preparing to Accommodate Its Tax System to
Handle Federal Legalization Ahead of the Curve
3. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 4/15
https://www.westword.com/marijuana/colorado-changing-marijuana-cultivation-taxes-federal-legalization-anticipation-
12602319 (https://www.westword.com/marijuana/colorado-changing-marijuana-cultivation-taxes-federal-legalization-
anticipation-12602319)
I know every hippie since the 1960s have been saying, “It’ll be legal in the next five years man, you’ll see!” However, this
time – the proverbial hippie may be right.
Never before have we seen federal legalization so close to becoming a reality than today – especially since the State of
Colorado are beginning to prepare themselves for this inevitability. Colorado isn’t the first state to begin thinking about
“interstate commerce” and their place within the national weed market – states like Oregon already have some sort of
interstate policies ready to go.
Colorado however, has been the example state for legalization. While California might have a bigger potential in terms
of revenue, Colorado set the national standard for “good legalization”. They have one of the most mature cannabis
markets in the US and their model of legalization has influenced even other countries to follow suit.
4. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 5/15
However, while Colorado currently boasts a robust marketplace – it is in fact quite small compare to other potential
Monster States such as California, New York, and similar places. The fact of the matter is that these other states can out
produce Colorado and supply cheaper cannabis to more locations.
Therefore, it’s important that the state makes long term decisions and position themselves for the inevitable legalization
of cannabis on a federal level.
Fortunately, being the mature industry that it is – Colorado officials are beginning to figure out how they will go about
changing the tax scheme to be competitive on a national playing field. Currently the state has a 15% excise tax on the
wholesale of cannabis – couple this with federal taxes and suddenly the cost of doing business in Colorado becomes
incredibly high.
This could prompt companies to migrate their businesses to states that have more competitive tax plans which would
hurt the Colorado market significantly.
5. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 6/15
Lawmakers are floating the idea of getting rid of the excise tax altogether, however this translates in cutting over a
hundred million dollars of tax revenue from the State. This is something the state has come to depend on and it needs
to shift the burden elsewhere.
In all likeliness, the tax burden will be shifted to the consumer in the form of a higher sales tax. This according to Bia
Campbell, from VS Strategies.
"We don't want to put the state in a position where they're not going to be receiving this [funding]," Campbell said during an
October 18 meeting on the topic. "To me, the answer to that is through sales taxes. If we get rid of the wholesale excises taxes
and we move the revenue into the sales taxes, we're going to be solving a lot of the problems that other folks on this call have
already brought up. And that would be a change the Colorado Legislature could make in 2023." - Source
(https://www.westword.com/marijuana/colorado-changing-marijuana-cultivation-taxes-federal-legalization-anticipation-
12602319)
This is because interstate commerce will surely follow post-federal legalization. This means that the rules of the game
will change drastically. Products made in Colorado will not have the ability to compete with other states on a national
marketplace.
Truman Bradley, Executive Director of the Marijuana Industry Group believes that by retooling the state rules and
production limits will help ensure Colorado’s competitiveness within the greater marketplace.
"There are companies and industries standing by [for federal legalization], and we like to think we're a big industry, but we're
not. We need to talk about a really deliberate rollout when it comes to interstate commerce," Bradley said during the MED
meeting. "Some people think, 'Federal legalization? Boom. Game on.' But I have concerns about what that does to our in-state
cultivators. Obviously, there is going to be a federal tax."
This is why legislators are thinking about cutting the 15% excise tax and moving the burden to some other sector –
probably the consumer but we’ll have to wait and see how this plays out.
National Market and International Market
6. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 7/15
One thing that Colorado also needs to take into consideration is that Mexico is on the verge of getting some sort of
legislation on the books. This according a Top Senator who commented that the government is ready to take some
action (https://www.marijuanamoment.net/top-mexican-senator-says-marijuana-legalization-bill-may-be-taken-up-
within-weeks/).
Once the United States legalizes on a federal scale, it only makes sense that there would be North American Cannabis
Trade happening between Mexico, The US and Canada.
Mexico has a very cheap labor force and more favorable weather than most of the United States. There are some states
in Mexico that they call “The Eternal Spring” and is located near Volcanoes – giving it the same type of soil as California,
except with a longer growing season.
Mexico will most probably also allow vertical integration, meaning that there will be many American firms eyeing the
Mexican market to set up shop.
How will this impact the national marketplace?
For starters, cheaper production means lower costs – which means more competitive pricing. This would mean that the
“Walmarts of Weed” would most probably opt in for imported cannabis which would make the “standard product” more
accessible to a wider market.
While there will obviously still be American Hemp and Cannabis cultivation – but how it will evolve within the
international marketplace will be interesting. For now, there are Colorado officials considering all of these elements and
more.
The world is quickly shifting gears – I’m still not too sure whether we’re leaning towards a more invasive dystopian
future, or one where we achieve interstellar space travel and colonize other planets to grow weed on.
SPACE WEED!
7. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 8/15
For now, Colorado will first have to navigate federal legalization and see how they will play the international game.
Currently they have the tactical advantage and years of experience – however within a larger market, other states and
countries would adapt over time and the playing field would level out.
What happens then is that cannabis evolves into something completely different – a commodity readily available at
every major retailer in several different presentations. From recreational to medical – we’re all going to be surprised at
how this industry will evolve over the next ten years.
FEDERAL CANNABIS TAXES, READ MORE..
(https://cannabis.net/blog/opinion/who-buys-10-ounces-of-weed-at-a-
time-digging-into-senator-schumers-maddening-marijuana-bill)
25% FEDERAL MARIJUANA TAXES ARE PART OF THE CACO ACT (https://cannabis.net/blog/opinion/who-buys-10-
ounces-of-weed-at-a-time-digging-into-senator-schumers-maddening-marijuana-bill)
OR..
8. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 9/15
(https://cannabis.net/blog/news/could-californias-pot-taxes-reach-45)
CALIFORNIA CANNABIS TAXES COULD HIT 45% BEFORE FEDERAL LEGALIZATION!
(https://cannabis.net/blog/news/could-californias-pot-taxes-reach-45)
What did you think?
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9. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 10/15
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10. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 11/15
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11. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 12/15
INTERVIEW
Do You Wish You Were Still CEO of Canopy Growth? - Bruce Linton Got Fired and Now Plans a New Empire
12. 11/11/21, 2:17 PM Colorado is Preparing to Accommodate It's Tax System Now in Order to Handle Federal Legalization in the Future
https://cannabis.net/blog/opinion/colorado-is-preparing-to-accommodate-its-tax-system-now-in-order-to-handle-federal-legalization 13/15
(https://cannabis.net/blog/interview/do-you-wish-you-were-still-ceo-of-canopy-growth-bruce-linton-got-fired-and-now-plans-a-new-empi)
Live from CanEx, Jamaica Cannabis.net sits down with Bruce Linton to find out why he got fired from Canopy Growth, what does he plan next in life, and would he
still like to be CEO of Canopy Growth? Watch the must-see interview were Bruce also talks about his new Michigan job, his pet CBD research, and was he high
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