Cannabis excise taxes

As cannabis sales soar in states with legal markets, excise taxes have emerged as a crucial factor shaping the industry. Unlike tobacco, cannabis remains free from federal excise taxes but faces significant state-level levies. The structure and scope of these taxes vary widely, often influencing...

This article was originally published on MG Magazine and appears here with permission. The U.S. Census Bureau’s latest quarterly cannabis excise-tax revenue data from 2023’s second quarter showed a nearly 10 % drop in total collections despite a strong comeback performance from the...

Canadian cannabis operators are urging lawmakers to amend current excise taxes as weed prices drop. With the decline of marijuana prices, the flat-fee tax structure is disadvantageous, to say the least, reported The Globe and Mail.   According to marijuana business leaders,...