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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

Legalizing marijuana would reap $300M a year in taxes for N.J., advocates say – Marijuana News

TRENTON — New Jersey could reap $300 million a year in sales tax revenue by legalizing marijuana for recreational use, according to a new report by supporters of the effort.

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The Government Could Make a Buttload of Tax Cash off of Legal Marijuana – Marijuana News

As more and more states legalize marijuana for medical and recreational use, federal state and local governments are in for a tax bonanza, according to a new pair of reports from the nonprofit Tax Foundation.

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Marijuana May Be Legal, but Good Luck Filing the Paperwork – Marijuana News

Marijuana is legal to buy in several states, but no law says that selling it will be free from cumbersome expense and paperwork, especially when it comes to taxation.

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The legal marijuana industry scrambles to keep up with changing tax agendas

Bruce Kennedy ~ WeedWorthy ~

Experts say legal cannabis companies have to keep meticulous records if they don’t want to run afoul of federal, state and community tax officials.

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