By Vernon Keenan, CEO of Taxnexus In the wonderful world of American cannabis commerce, we are all beholden to the new cannabis laws and regulations enacted by the states. The opportunity to make money comes with a heavy and unpredictable tax burden. Cannabis tax compliance requires accurate and ongoing surveillance of the legislative landscape and[…]
By Vernon Keenan, CEO of Taxnexus, Inc. Dear Financial Service Professional: I’d like to introduce you to Taxnexus, the Cannabis Tax Compliance Company. Taxnexus is a technology startup dedicated to leading the cannabis industry in tax determination. We make our online business processes and cannabis database available to taxpayers and financial services providers with Taxnexus[…]
Sign up with Taxnexus by June 15, 2019 for FREE Onboarding (valued at $500)*! Retailers’ Marijuana Taxes in Oregon Nobody likes taxes, and in Oregon cannabis dispensary sales are subject to retail sales tax of 17% and up. If you have ever been surprised at your tax bill, are behind on your taxes, or need[…]
Welcome to the evolving world of cannabis legislation and taxation in California. With the recent 2018 midterm election, a green wave of new laws and regulations has washed ashore, and Taxnexus, a cannabis tax compliance service provider for cannabis businesses, has analyzed the results, looking for insights to guide cannabis business owners in 2019. In[…]
Three New States Legalize Cannabis Americans in four states had measures on their midterm ballots to legalize cannabis, whether for recreational or medical use. With enough votes in to call the results, Michigan, Utah and Missouri join the 30 states that have legalized cannabis either for medical, recreational or both usages. Specifically, Michigan joins as[…]
As state and local jurisdictions rake in millions of dollars in tax revenue from the state’s legal cannabis industry, new states, counties and cities are piling onto the cannabis tax bandwagon. There are currently hundreds of local cannabis business taxes in place in California. On the November ballots, there are 47 new local cannabis tax[…]
Sixty-six percent of US adults believe that “the use of marijuana should be made legal,” according to national survey data compiled by the Gallup. The percentage is the highest ever reported by Gallup, which has been tracking Americans’ views on the subject of marijuana legalization since 1969. Support was strongest among Millennials (78 percent), Democrats (75 percent),[…]
SANTA CRUZ — Acknowledging that a one-size-fits-all approach to taxing cannabis may have some flaws, the Santa Cruz City Council on Tuesday will consider lowering sales taxes enacted in December. The city’s 8 percent cannabis tax rate, on top of state excise tax, cultivation taxes and the city’s normal sales tax, means some Santa Cruz[…]
Taxnexus Predicts a Cannabis Green Wave on November 6, 2018 States, counties and cities are piling onto the cannabis tax bandwagon. While pundits on TV talk about a pending Blue Wave on November 6th, Taxnexus sees a Green Wave of 43 new local cannabis tax measures in California and 4 state legalization measures on[…]
“Fillmore voters will have the chance to decide in November whether their city will become the second in Ventura County to allow commercial-scale marijuana cultivation…If approved by a majority of voters, the measure would allow medical marijuana to be grown indoors, with a city permit. It would prohibit all other types of marijuana businesses — including[…]