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NY: Indigenous Tribes Taking Lead On State’s Cannabis Legalization Says Article

Cannabis Law Report

Andrew Cuomo for dragging his feet on setting up marijuana sales and cultivation regulations. But the most simple way to understand it is that sovereign tribes are free to legalize – or ban – marijuana within their territories, including its cultivation and sale, independent of the state. Read the full article at [link].

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Bloomberg Article: Federal Taxation of Cannabis Under Proposed Legislation

Cannabis Law Report

Greg Kaufman of Eversheds Sutherland outlines the key provisions and urges lawmakers to consider data collected at the state level to get it right. In practice, Section 280E does not allow state-level legal cannabis businesses to deduct ordinary business expenses when determining gross income from the sale of inventory.

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The Key to Success for California Cannabis Businesses – Managing Tax Liabilities

Cannabis Law Report

The key to the long-term success of every medical or adult-use cannabis business in California will be found in the management of tax liabilities. The usual reasons for long-term success in business – creativity, perseverance, experience, business acumen and connections – are important.

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Ohio Cannabis Activists Get Nod to Collect Petition Signatures |

SpeedWeed

Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. If the group collects at least 132,887 valid signatures, the proposal will head to the Ohio General Assembly for consideration by the legislature.

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Alabama Medical Cannabis Commission Hires Director, Unveils Plans to Begin Cultivation Next Year

SpeedWeed

“The changes proposed by Elder would stifle growth in the cannabis industry, continue to squeeze out small businesses, which are already struggling in the industry, and return to a ‘war on drugs’ type of police enforcement.”. RELATED: California’s Cannabis Industry Marred by Limited Supply Chain and Heavy Tax Burden. Former Gov.

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A big player staying committed to craft: Introducing Trulieve’s Cultivar Collection

SpeedWeed

The new Cultivar Collection from Trulieve demonstrates how a multi-state player can stay craft at its core. Nowhere is this truer than in the cultivation of craft cannabis. But that’s exactly what’s happening for this seed-to-sale leader that’s paving the way in the business. Crafting the Cultivar Collection.

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California: CCT and CET Collection Mechanics: “CDTFA failed abysmally to inform and educate the entire group – cultivators, distributors, and manufacturers, regarding the record-keeping responsibilities relating to CCT.”

Cannabis Law Report

We have discussed in other Posts our concerns about inadequacies in the information the California Department of Tax and Fee Administration [“CDTFA”] has distributed relating to the Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”] as well as inadequacies in the tax return CDTFA adopted [1]. CCT is collected from cultivators.