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Tag: taxes
Is There a Solution to the Cash Crunch?
While the past few years have been no picnic for companies struggling to turn a profit, it looks like 2023 could be the most...
7 Best Practices for Audit Preparation in the Cannabis Industry
It's the time of the year when businesses of every industry prepare for tax season. For the cannabis industry, seasoned plant-touching business owners and...
How to Successfully Navigate an IRS Audit in the Cannabis Industry
IRS audits involving the Bank Secrecy Act (BSA) and the infamous tax code 280E are ramping up throughout the nation, and if operators aren’t...
California Ends Cannabis Cultivation Tax to Curb Illicit Sales
SACRAMENTO - California Governor Gavin Newsom signed a new bill into law that will restructure the state’s adult-use cannabis program, eliminating a cannabis cultivation...
Tax Breaks Remain Elusive
Of all the challenges cannabis companies face as they fight for survival and market share in 2022, the tax man remains one of the...
California Looks to Spare Cultivators from Suffocating Taxes
California’s cannabis cultivators celebrated the idea of temporary reprieve from high taxes after warning for years that onerous levies, low prices, and suffocating regulations...
Supernova Women’s Down with the Taxes, Uplift the People Rally Photo Gallery
In response to the May 13 release of Governor Newsom’s 2022 California state budget, Supernova Women — an Oakland nonprofit that works to create...
Cannabis Tax Revenue Is Surpassing Alcohol in Arizona and Other States
PHOENIX — Cannabis could be emerging as a significant source of tax revenue for Arizona. According to recently released data from the Arizona Joint...
Citizen Coalition to Keep Marijuana Taxes Local Gains Approval for City-Wide Signature Collection Campaign
COLORADO SPRINGS, Colo. – Colorado Springs residents are another step closer to gaining the benefits of cannabis sales tax revenues, as the City Title...
Colorado Springs Residents Launch Campaign to Keep Recreational Marijuana Taxes Local
COLORADO SPRINGS, Colo. – When Amendment 64 passed in 2012, Colorado Springs residents approved recreational marijuana by more than 3,000 votes, according to county...