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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. The edible market alone is projected to grow by $25.27

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280E is Harming Legal Cannabis Businesses; These States are Legislating Change

NORML

Excess tax burdens imposed on state-legal cannabis businesses are destroying their profitability. The post 280E is Harming Legal Cannabis Businesses; These States are Legislating Change appeared first on NORML. These states are legislating change.

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Analysis: State-Licensed Cannabis Businesses Paid Nearly $2 Billion In Excess Taxes in 2022 

NORML

A new study by Whitney Economics has discovered excessive tax burdens placed on cannabis businesses as a result of Section 280E. The post Analysis: State-Licensed Cannabis Businesses Paid Nearly $2 Billion In Excess Taxes in 2022 appeared first on NORML.

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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

The Senators write: Over the last decade, there has been a clear shift in public opinion toward supporting the legalization of cannabis in the United States. billion in tax revenue from legal cannabis sales in 2018. States collected an estimated $1.3

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Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. cannabis marketplace. The current state of the U.S.

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Bipartisan Bill to Normalize Federal Taxation for Legal Cannabis Businesses Introduced in House of Representatives

NORML

The Small Business Tax Equity Act provides an exemption for state-licensed cannabis businesses from federal tax code 280E, which prevents anyone engaged in the trade of certain federally prohibited substances from deducting business expenses.

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Analysis: Legal Cannabis Businesses Associated with Increased Home Values

NORML

Cannabis is here and here to stay. Municipalities need to embrace this reality and provide the necessary oversight in order to hold these businesses accountable and to make this marketplace safe, transparent and profitable for the community.”.

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