<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>tax Archives - Pot My</title>
	<atom:link href="https://potmy.com/tag/tax/feed/" rel="self" type="application/rss+xml" />
	<link>https://potmy.com/tag/tax/</link>
	<description>All about Pot</description>
	<lastBuildDate>Wed, 31 Aug 2016 09:11:54 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	

<image>
	<url>https://potmy.com/wp-content/uploads/2019/10/cropped-potmy-logo-1-32x32.png</url>
	<title>tax Archives - Pot My</title>
	<link>https://potmy.com/tag/tax/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>CA Lawmakers offer tax amnesty to pot shops</title>
		<link>https://potmy.com/ca-lawmakers-offer-tax-amnesty-to-pot-shops/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Wed, 31 Aug 2016 09:09:24 +0000</pubDate>
				<category><![CDATA[All]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[california]]></category>
		<category><![CDATA[legislation]]></category>
		<category><![CDATA[los angeles]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">http://potmy.com/?p=896</guid>

					<description><![CDATA[<p>Estimating that two-thirds of the medical marijuana stores in California have failed to pay sales taxes, state officials on Tuesday took a stick-and-carrot approach tp persuade pot shops to pay the $106 million owed. With the state preparing to license medical marijuana shops in 2018, the Assembly sent Gov. Jerry Brown a bill Tuesday that [&#8230;]</p>
<p>The post <a href="https://potmy.com/ca-lawmakers-offer-tax-amnesty-to-pot-shops/">CA Lawmakers offer tax amnesty to pot shops</a> appeared first on <a href="https://potmy.com">Pot My</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Estimating that two-thirds of the medical marijuana stores in California have failed to pay sales taxes, state officials on Tuesday took a stick-and-carrot approach tp persuade pot shops to pay the $106 million owed.</p>
<p>With the state preparing to license medical marijuana shops in 2018, the Assembly sent Gov. Jerry Brown a bill Tuesday that would establish a tax amnesty program to help bring scofflawa into complaince with the law.</p>
<p>The measure would allow medical cannabis sellers to temporarily avoid a penalty of 25% to 50% on late taxes but would block the issuance of new state licenses to continuing violaters.</p>
<p>Assemblyman Mike Gipson (D-Carson), who introduced the bill, said many medical cannabis shops have not registered with the state and pain taxes for fear of criminal prosecution because marijuana remains an illegal substance under federal law.</p>
<p>&#8220;You have a lot of business that would like to come out of the shadpws and do the right thing,&#8221; Gipson said.</p>
<p>Voters legalized the medical use of marijuana in California two decades ago; the state has some 2,500 dispensaries.</p>
<p>A recent court decision said federal officials could not spend money to prosecute people who comply with state medical pot laws.</p>
<p> Getting businesses to comply with tax laws is also important because a measure on the November ballot in California would legalize the recreational use of marijuana, potentially resulting in many more businesses opening to sell cannabis.</p>
<p>But the main development that led to the amnesty proposal is a new regulatory scheme approved last year for the state to issue licenses to medical cannabis dispensaries starting in 2018.</p>
<p>&#8220;Now that California has officially taken steps to establish a regulatory framework for cannabis, we have an opportunity to engage these businesses to ensure they pay their dues,&#8221; Gibson told his colleagues, who approved the amnesty program on a 46-to-43 vote.</p>
<p>The state Board of Equalization,which collects taxes, estimated that 66% rate of non-payment of taxes based on the experience of other states, including Colorado, officials said.</p>
<p>The six-month amnesty period would run from July 1, 2017, through Dec. 31, 2017, and apply to tax liabilities due before Jan. 1, 2018.</p>
<p>Last year&#8217;s approval of a state regulatory system requiring pot shops to get state licenses may be enough to persuade businesses &#8220;that previously operated underground&#8221; to &#8220;comply with state tax and regulatory laws,&#8221; David J. Gau, executive director of the board, wrote to lawmakers.</p>
<p>Industry officials, including Nate Bradley, Executive director of the California Cannabis Industry Association, welcomed the amnesty offer.</p>
<p>&#8220;Due to the lack of legal framework and access to basic banking, paying taxes has been extremely challenging for our medical cannabis industry,&#8221; Bradley said. &#8220;The tax amnesty program proposed in Assembly member Gipson&#8217;s bill will help existing medical cannabis operators more easily transition from operating in an unregulated, gray market to a regulated one.&#8221;</p>
<p>Brown was also sent a bill that allows state licenses to be issue to 135 of dispensaries authorized in Los Angeles when voters approved Measure D in 2013.</p>
<p>State law requires those applying for state licenses to have a license from the city, but the L.A. ballot measure did not provide a city license so special eligibility was needed through legislation, according to Assemblyman Reggie Jones Sawyer (D-Los Angeles).</p>
<p>The post <a href="https://potmy.com/ca-lawmakers-offer-tax-amnesty-to-pot-shops/">CA Lawmakers offer tax amnesty to pot shops</a> appeared first on <a href="https://potmy.com">Pot My</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Oregon Collects $25.5m in Cannabis Taxes</title>
		<link>https://potmy.com/oregon-collects-25-5m-cannabis-taxes/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Tue, 23 Aug 2016 06:51:01 +0000</pubDate>
				<category><![CDATA[All]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[cannabis tax]]></category>
		<category><![CDATA[marijuana tax]]></category>
		<category><![CDATA[oregon]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">http://potmy.com/?p=801</guid>

					<description><![CDATA[<p>Oregon has processed $25.5 million in tax payments from recreational marijuana from January through the end of July. The state&#8217;s Department of Revenue says medical marijuana dispensaries were required to file their second-quarter returns for recreational marijuana by Au. 1. Oregonians legalized recreational marijuana in late 2014. It can only be sold by medical marijuana [&#8230;]</p>
<p>The post <a href="https://potmy.com/oregon-collects-25-5m-cannabis-taxes/">Oregon Collects $25.5m in Cannabis Taxes</a> appeared first on <a href="https://potmy.com">Pot My</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Oregon has processed $25.5 million in tax payments from recreational marijuana from January through the end of July.</p>
<p>The state&#8217;s Department of Revenue says medical marijuana dispensaries were required to file their second-quarter returns for recreational marijuana by Au. 1.</p>
<p>Oregonians legalized recreational marijuana in late 2014. </p>
<p>It can only be sold by medical marijuana dispensaries until the Oregon Liquor Control Commission finalizes rules for the new industry. A move that is expected to happen this year.</p>
<p>Medical marijuana dispensaries started collecting a 25 percent tax on their recreational marijuana sales in January.</p>
<blockquote><p>Anticipated state revenue from recreational marijuana through June 2017 was recently quadrupled by Oregon&#8217;s Legislative Revenue Office.</p></blockquote>
<p>The expected amount rose from $8.4 million to $35 million.</p>
<p>The post <a href="https://potmy.com/oregon-collects-25-5m-cannabis-taxes/">Oregon Collects $25.5m in Cannabis Taxes</a> appeared first on <a href="https://potmy.com">Pot My</a>.</p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
