The sale of recreational marijuana rolled out in 29 counties on New Year’s Day for adults 21 and over who can legally buy up to 5 ounces or its equivalent each month. Sales to date won’t be released for a few days by the Department of Revenue’s Cannabis Control Division but it is estimated that in 2022 there will be $217.2 million ...
Recreational Marijuana Sales Begin In Montana
Recreational marijuana sales begin January 1st in Montana just two weeks after the Department of Revenue which finalized its last package of administrative rules. After the nearly two decades of ramifications from the poor regulations initially set up for the medical marijuana industry in 2004 the Montana Department of Revenue wanted to get it...
Cannabis Laws Re-worked Ahead Of Legalization
Reworked cannabis rules proposed by the Montana Department of Revenue were approved Monday by state lawmakers. They will require outdoor grow operations to remain at the same size. Providers are not permitted to develop new outdoor grow facilities although outdoor sites that were in place before the 2020 election have been grandfathered in. La...
Montana Reported $200 Million In Unpaid Taxes In 2020
According to estimates by the state Department of Revenue more than $219 million in federal income taxes owed by Montanans went unpaid in fiscal year 2020. Those unpaid taxes are part of a larger tax gap of the under-collections the U.S. Treasury Department estimates will short the U.S. government $7 trillion over the next decade. https://nort...
Department of Revenue Easing Up Restrictions On Recreational Marijuana Businesses
The Montana Department of Revenue has offered its proposed rule changes to the state’s medical and incoming recreational marijuana industries that would allow the industry some new advertising leeway as businesses ramp up for the recreational market which is set to begin in January although those rules would remain restrictive. House Bil...
Governor Greg Gianforte signed House Bill 701 into law Tuesday. It implements Montana’s adult-use recreational marijuana program and authorizes the Healing and Ending Addiction through Recovery and Treatment Fund. Using marijuana tax revenue a portion of the tobacco tax settlement and a federal Medicaid match the HEART Fund will invest $25 mil...
Department of Revenue Warns Of Tax Return Scams
Governor Greg Gianforte signed two laws Monday nullifying portions of the Colstrip Ownership and Operation Agreement that has governed the Colstrip Power Plant for 40 years. In a tweet, he described the new laws as retaliation against Washington clean energy laws that have imposed a ban on coal power that begins at the end of 2025. Beware of s...