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Illinois releases Cannabis Report FY2024 (IDFPR portion)

Illinois News Joint

This article focuses on the Department of Financial & Professional Regulation (IDFPR) portion of the report, which touts FY2024 as “a year of explosive growth in the cannabis industry” in Illinois. The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year.

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Association of Nevada Testing labs wants state to release unredacted data from Nevada’s seed-to-sale tracking system

Cannabis Law Report

. … An association of marijuana testing labs is calling on the state to release unredacted data from Nevada’s seed-to-sale tracking system amid assertions that certain unidentified labs are inflating THC content readings and giving fewer samples a failing grade in an apparent attempt to attract more business. THE DOCUMENT.

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Dispensaries Plan To Open Soon Despite Medical Marijuana Mess In Missouri

MedicalJane

Amendment 2, which became effective on December 6, 2018, legalizes marijuana for medical purposes, allows home growing, and imposes a 4% marijuana sales tax. First, Missouri implemented a seed-to-sale system which added many unnecessary layers between growing the plant and selling product to patients. million votes.

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Greenway – Article: Income Taxes and the Cannabis Business: The Impact of §280E

Cannabis Law Report

1981-623) that had allowed deductions incurred in carrying on the production, distribution, and sale of controlled substances. The production or sale of marijuana is still illegal under U.S. 280E determines costs of goods sold and whether the IRS can require a business subject to Sec. 173 (2007)). 280E, still apply.

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Seed To Sale, Traceability: Bio Track & Leaf, The Retailers’ Experience In Washington State

Cannabis Law Report

Tracebility was and is the tracking of Cannabis and Cannabis-infused items and products from “see d to sale”, as directed to Washington and Colorado per the Cole Memo issued in August 2013. We would find that occasionally, a “lot” would disappear from the ready for sale portion of our cash register computers.

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Article – New York: Native Nations Assert Right to Cannabis Economy

Cannabis Law Report

Native American nations in New York state are eyeing the legal cannabis business, with some reservations already operating dispensaries. The Shinnecock Indian Nation in September voted overwhelmingly to approve two tribal measures that will establish cannabis sales on the reservation. The first licenses are still months away.

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Cost of Compliance Tips to Get a Cannabis Business off the Ground – Cannabis Business Executive

SpeedWeed

There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team.