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Tag: taxes
Explained: Why Does Cannabis Cost what it Does?
Before marijuana started becoming almost gentrified, the market price of weed was set by the person selling it. They based their price largely on...
Will 2021 Bring Federal Tax Relief?
There’s no quicker way to get a rise out of a cannabis business owner than to mention Section 280E, the dreaded Internal Revenue Service...
Are Increased Cannabis Tax Revenues Part of the New ‘Green’ Economy?
In the post-pandemic economy, under the Biden Administration, many Americans are wondering, "where’s the money going to come from?" Especially with large regions under...
Vermont Set to Tax and Regulate Recreational Cannabis Sales
MONTPELIER, Vt. – Vermont is set to become the eleventh state in the nation to regulate and tax recreational cannabis sales after Governor Phil...
House Set to Vote on Federal Marijuana Decriminalization
WASHINGTON D.C. – The U.S. House this September will vote on the Marijuana Opportunity Reinvestment and Expungement Act of 2019, or MORE Act, which...
More IRS Audits Are Coming. Here’s How to Handle Them.
It appears the Internal Revenue Service is keeping a close eye on the rapidly growing cannabis industry. The agency expects to audit more cannabis...
Cannabis and Coronavirus: Reopening Amid Unrest, Virus Spikes
Even as civil unrest continued in cities across the United States, since the May 25 death of George Floyd and several police-involved killings of...
Cryptocurrency Won’t Solve the Industry’s Payment Issues
It’s time to make a bold statement: Cryptocurrency has no place in the cannabis industry. Every time a new cryptocurrency payment option launches and...
New California Budget Consolidates State’s Cannabis Regulation Entities
SACRAMENTO – California Governor Gavin Newsom on Friday released the state’s proposed budget for 2020–2021, including provisions that would consolidate three state agencies currently...
California Cannabis Patients May Be Receiving Much Needed New Year’s Gift
SACRAMENTO, Calif. – New regulations set to take effect on January 1 in California could help expand access for cannabis patients struggling to keep...