first_imgThe state of Alaska has agreed to settle trans-Alaska Pipeline tariff cases. The tariff is what pipeline owners charge for shipping North Slope crude down the line. It’s subtracted from the oil’s value, so the higher the tariff, the less the state collects in taxes and royalties. The state disputed TAPS tariffs applied from 2009 through 2015. The legal settlement announced earlier this month, lowers the tariff for those years. Chief assistant attorney general for regulatory affairs and public advocacy, John Ptacin says it will yield the state a windfall.Listen now”The state’s gonna recognize about $400 million of additional revenue in the form of taxes, royalties and interest as a result of the case being resolved,” Ptacin said.Ptacin says the agreement doesn’t allow past property taxes to be included in the tariff. Also barred from inclusion are $625 hundred million in costs related to reconfiguring pipeline pump stations, and Ptacin says that will also boost state revenue.”Over time, we believe that’ll translate into over a billion dollars additional revenue to the state,” Ptacin said.The settlement, which sets a methodology for TAPS tariff calculation through 2021, was filed with the Regulatory Commission of Alaska and the Federal Energy Regulatory Commission, December 15th.last_img read more

first_img Network Editor at Welcome to Green Entrepreneur’s video recap of the cannabis news you might have missed this week, hosted by our cannabis correspondent, Conrad Martin.New Jersey postpones the vote on CannabisIn a twist upset, Garden State law makers shot down a highly anticipated vote this week that would have legalized recreational adult use. On the bright side, Jersey, we still have someone else to pump our gas and Taylor Ham.  Related: Legalization Stalls In New Jersey LegislatureCanada will tax based on THC contentIt’s been a while since we talked about our neighbors up north, but the Canadians have leveled up their taxation. Beginning May 1st, Canadian edibles, extracts, and topicals will be subject to excise tax at a proposed rate of one cent per milligram of total THC content.Related: How Canada’s Marijuana Legalization Changes the GameCVS sells CBDIn collaboration with cannabis producer, Curaleaf, mega pharmacy chain CVS has begun to sell CBD products in  select retail locations. Currently products are offered in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee. Related: Curaleaf Signs Distribution Deal With CVS for Hemp ProductsBe sure to keep up with all things cannabiz by checking out GreenEntrepreneur.comIf you missed the last episode, check it out here: How to Get High the Proper Way March 27, 2019 week in weed Add to Queue 2 min read New Jersey says no, Canada’s New Tax, and a huge Pharmacy sells CBD. This Week in Weed: Not in New Jersey! Listen Nowcenter_img hb00:0000:00omi –shares Green Entrepreneur Podcast Entrepreneur Staff Next Article Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush. Conrad Martinlast_img read more