cannabis taxes

After year of legal pot sales, taxes top $70 million
PUBLISHED: May 24th 2017SEATTLE — Washington launched its second-in-the-nation legal marijuana market with just a handful of stores selling high-priced pot to long lines of customers. A year later, the state has about 160 shops open, tax revenues

Washington Recreational Marijuana Laws: HB 2136 Goes Into Effect TODAY
PUBLISHED: May 24th 2017They took their time, but the Washington legislature finally passed its budget for this biennium. This is good news for those who love regulators, as it means that your favorite Liquor and Cannabis Board (LCB)

Inslee to sign recreational marijuana bill
PUBLISHED: May 24th 2017Gov. Jay Inslee is scheduled to sign a fairly comprehensive recreational marijuana bill this afternoon. For anyone struggling to make money in the business, the measure is the big change they’ve been waiting for. The bill

Pot sales reach new record high in June
PUBLISHED: May 24th 2017Recreational marijuana continues to prove an ever hotter commodity in Washington as the latest data dump from the state shows sales yet again breaking records in June. Friday, June 26, was the best sales day

Marijuana landscape to change Wednesday
PUBLISHED: May 24th 2017Wednesday marks the dawn of a new era in the Northwest recreational marijuana market. While possession becomes legal in Oregon for adults 21 and older that day, a bill ushering in a number of sweeping

Legislature passes recreational marijuana reform bill
PUBLISHED: May 24th 2017In case you missed the big news over the weekend, the Legislature passed a bill that will make a number of sweeping changes in Washington’s recreational marijuana industry. For more, here’s a story from Rachel

Steven North: I-502 and Taxes
PUBLISHED: May 24th 2017Steven H. North, an accountant in Spokane, got in touch with me after problems arose at local stores over taxes. The BiotrackTHC software that many cannabis businesses in Washington use added in a federal tax