Finance

The ball won't be the only thing dropping in Times Square this New Year's Eve.

Through November, the state brought in just over $1 million from the gross receipts tax alone, according to state Department of Revenue data.

As more states legalize marijuana, companies are betting big on people wanting to sip, rather than smoke, their weed.

The maker of Budweiser is exploring getting into the marijuana drink business.

New average market rates for products grown for retail purposes help state calculate excise tax collections.

As legalization gains momentum across North America, many officials in non-legal states are looking wistfully at their 420-friendly neighbors and wondering if they’re missing out on an opportunity to bring in millions of dollars in cannabis tax revenue.

Recent News Articles

Monday February 18

West Virginia House Passes Medical Marijuana Banking Bill - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

A bill that provides state protections for banks that deal with medical marijuana revenue was…

800 hits

Monday February 18

YouTube’s ‘Pot Scientist’ Fired for Answering Burning Questions - Cannabis News

in Activism

by Bruce Kennedy - Editor in Chief

Most cannabis-legal states don’t shield cannabis-consuming employees from anti-marijuana regulations at their office.

1167 hits

Monday February 18

U.S. jumps to No. 3 among top hemp growing nations - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

The USA has jumped into the top ranks of global hemp growing nations, recording a…

1486 hits

Monday February 18

Cannabis to be used as treatment for dementia symptoms in new UK trial - Cannabis…

in Medical News

by Bruce Kennedy - Editor in Chief

Researchers at King’s College London have announced that cannabis will be used as an experimental…

1073 hits

Tuesday February 19

Wisconsin's Governor Proposes Medical Marijuana Legalization - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

Gov. Tony Evers will propose legalizing medical marijuana in his state budget address later this…

774 hits