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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. billion in tax revenue from legal, adult-use cannabis sales. billion in tax revenue from legal, adult-use cannabis sales. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

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Tax Court’s decision in Harborside A Big Challenge For CA Cannabis Dispensaries

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation (“PMACC”), the Company’s 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary.

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Harborside & Nor Cal Opinions. Dispensaries, Don’t Despair. There Are Solutions

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. 280E to cannabis dispensaries. The first Harborside case rejected the manner in which the two dispensaries determined Cost of Goods Sold (“COGS”). 471 should be used by a cannabis dispensary to determine COGS. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S.

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Budding Woes: Navigating the Weedy Waters of Cannabis Companies in Financial Distress

The Blunt Truth

As the cannabis industry matures, there will be winners and losers. 5] Similarly, landlord debtors’ plans depending on dispensary income were deemed unconfirmable, [6] and dismissed for “gross mismanagement” due to “criminal activity.” [7] 7] A provider of hydroponic and gardening supplies for cannabis was also denied relief. [8]

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California Court Clears Way for Malicious Prosecution Claim Against Attorney for Cannabis Dispensary

Cannabis Law Report

A California appellate court has cleared the way for a tax attorney named Henry Wykowski to pursue malicious prosecution claims against Frank Chimienti, the attorney for a cannabis dispensary, for his alleged involvement in a frivolous malpractice lawsuit. Chimienti was business counsel for the dispensary and owner.

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How to get your Medical Cannabis card in Delaware

Canna Care Docs

Who can apply for a medical cannabis card in Delaware? You must be a legal resident of the state of Delaware over the age of 18 to apply for a medical cannabis card in Delaware. What does a medical cannabis card allow in Delaware? What does a medical cannabis card allow in Delaware? Directions can be found here: [link].

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Press Release: “StateHouse Holdings Inc., Formerly Harborside Inc., Announces Agreement with IRS to Resolve and Reduce Legacy 280E Federal Tax Obligations Related to Harborside

Cannabis Law Report

cannabis sector. It is an important step on our path to building a flagship California cannabis company.” “The federal tax burden on legal cannabis businesses is highly punitive and very difficult to navigate while trying to achieve profitability. million –. At issue were federal taxes owed of approximately $22.1