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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

Retail 109
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Amazon HQ2 Secures $51M Funding Vote In VA

PYMNTS

Amazon.com’s plans to open its HQ2 in Virginia got the support of local officials who approved a financial package valued at $51 million over the weekend. Late last year Amazon chose National Landing, a location that is owned by Arlington County and the city of Alexandria, as its second headquarters in conjunction with New York City.

Arlington 108
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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

That is said to be a sign that the open-armed tack of the state to regulating as well as legalization different types of gambling has spurred widespread growth per an iDevelopment & Economic Association report. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

NJ 131
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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Some families pay more in taxes on diapers in a year than a month’s supply actually costs, Phillip Vander Klay, director of policy and government relations for the National Diaper Bank Network , noted in a recent discussion with PYMNTS. Tax law changes can hit retailers hard if states do not carefully announce and implement them.

Taxes 146
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Vaccine Distribution Hits Snags; CVS And Walgreens Caught In Crossfire

PYMNTS

And this week, it seems, the delays are continuing to compound — and retailers of all kinds are reporting bumps in their distribution processes. Further complicating matters, the distribution of vaccines over the last mile is largely determined and regulated by the state. But it's not all bad news.

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What Is Powering The Emerging Pawnaissance?

PYMNTS

Interest rates on pawn loans vary as they are regulated by states. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask. So what is driving the Pawnaissance?

Ohio 151
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 billion people a month who visit it. A pretty clear-cut sizzle. Costco Card.

Lending 101