Nevada Approves Early Start Program for Retail Marijuana Sales
Today, the Nevada Tax Commission adopted temporary regulations proposed by the Department of Taxation allowing the state to issue recreational marijuana licenses by July 1, 2017. The ballot measure requires the state to initiate sales by January 1, 2018, but this “early start” program will allow businesses to open six months sooner.
Only medical marijuana establishments that are already in operation can apply to function as recreational retailers during the early start period. The establishments must be in good standing and must pay a…
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The Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016, generating nearly $200 million in state tax revenue. These figures do not include millions of dollars in revenue generated by local taxes on marijuana.
MassRoots disclosed in a Sept. 21 Securities and Exchange Commission filing that it didn’t make $966,000 in required payments to creditors who bought six-month convertible secured promissory notes from the company in March, according to BusinessDen.com.
The Desert Hot Springs facility is the first in southern California to operate with a locally-issued business permit…
The two twentysomethings also hope to become a “designated…
The total sales figure at the end of July is an estimated $102 million, according to the Oregonian.
The numbers came from financial audits the AP obtained via an open records request.