Patagonia’s Founder Will Avoid Paying $700 Million in Taxes With Legal Loophole On September 14, Patagonia made headlines and shocked the outdoor industry when owner Yvon Chouinard announced that he was transferring 98% of the family-owned company, including all its non-voting stock, to a new nonprofit called Holdfast Collective. Made in the name of saving the planet, the donation hands the company off to an advocacy group with a mission to “fight […] Nick DeRiso | September 21, 2022 3 Comments
Should Ski Passes Be Taxed In Order To Support College Students? The state of New Hampshire may soon be considering a new state-wide sales tax of 9 percent on ski lift passes, proposed by the State Rep. Craig Thompson, to help fund a scholarship program for in-state college students. With one of the highest in-state tuition costs of over $18,000 (USD) per year, almost $5,000 above the national average, approximately 66% […] Industry News Lucy Ferneyhough | November 6, 2019 3 Comments
First Year Marijuana Sales in Nevada Exceed Expectations by 40-Percent The first full year of legal marijuana sales in Nevada surprised officials by exceeding expectations by 40 percent, reports the Tahoe Daily Tribune. Taxable pot sales statewide totaled $529.9 million and raised nearly $70 million in tax revenue, including $27.5 million for schools, the Nevada Department of Taxation said. Adult sales that first became legal on July 1, 2017, accounted for […] SnowBrains | September 1, 2018 0 Comments
Nevada Earned $3.7 Million In Tax Revenue In Their First Month of Legal Marijuana Sales According to the Associated Press, the first month of legal sales of recreational marijuana in Nevada yielded $3.7 million in tax revenue. This amount is consistent with projections that the industry will provide the state with $120 million in tax revenue over the next two years. Marijuana has a 15% wholesale tax and a 10% retail tax in Nevada, which is responsible […] Industry News SnowBrains | October 3, 2017 0 Comments
Colorado’s Pot Business On Track to Break $1 Billion in Sales This Year: According to Colorado’s Department of Revenue, Colorado pot shops sold more than $270 million in cannabis and related products in the first three months of 2016. The state’s latest data shows that its marijuana shops sold nearly $90 million of cannabis in March 2016. The licensed stores sold more than $55 million in recreational marijuana and more than $33 million […] Industry News Chris Wallner | May 13, 2016 0 Comments
Industry News
