- Associated Press - Tuesday, January 23, 2018

BILLINGS, Mont. (AP) - Montana will send notices to remind medical marijuana providers to pay taxes after less than half of the providers that paid taxes last fall paid again at the quarterly deadline.

The Billings Gazette reports the Montana Department of Revenue received $207,000 in taxes from medical marijuana as of last week - less than the $395,000 collected in October.

The department says the recent tax payments came from 189 providers, but 434 providers paid last fall.

According to the Montana Department of Public Health and Human Services, 611 providers are registered in the state program.

Providers are currently taxed at a 4 percent rate on gross receipts. The tax will be reduced to 2 percent starting July 2018.

Revenue department officials say the reminder letters will be sent out this week.

___

Information from: The Billings Gazette, http://www.billingsgazette.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide