Browsing: taxation

CANNABIS CULTURE-  Last week, United States Senator Cory Booker (D-NJ) introduced legislation to federally regulate the $6.7 billion US cannabis industry.  In the bill, Booker details the combined injustice forcing the industry to operate in cash and making producers vulnerable to both criminal prosecution and tax rates as high as 70 percent.
Activism
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Supply is outstripping demand in the unlikeliest place—legal recreational marijuana in the state of Washington. Growers who jumped into the new legal market hoping to make a killing in cannabis are now getting killed by a glut of product.
Medical
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The Colorado legislature Wednesday approved a pair of bills that will establish a regulated marijuana market for adults. The legislature was charged with doing so when voters approved the marijuana legalization Amendment 64 last November.
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