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California Cannabis Tax Collection and Penalty Nightmares

Canna Law Blog

California’s cannabis taxes are a disaster , with no end in sight. I’ve written about the state’s tax problems extensively, but today I want to talk about what the state can do when it comes to tax collection. Late cannabis taxes? The same licensees will also be required to pay interest on the unpaid amounts.

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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. States collected an estimated $1.3 billion in tax revenue from legal cannabis sales in 2018.

Business 313
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Cannabis Collections Headaches and What to Do

Canna Law Blog

On this hallowed 4/20, while consumers and businesses celebrate cannabis near and far (which is great!), it’s important to be mindful that the cannabis industry is getting financially pummeled nationwide. In any event, the cannabis collections process is no easy task.

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US Treasury Asks White House To Approve Plan On Collecting Cannabis Business Banking Data

Cannabis Law Report

Treasury Department has formally sent the White House its proposal to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Read the detail at.

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Cannabis Businesses Need Privacy Policies

Canna Law Blog

It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. Any cannabis business that operates in California and has a website is clearly subject to this requirement. But what about an Iowa-based cannabis company? And things are not getting better.

Policy 96
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Cannabis and NFTs: Collectible Art or Regulated Ads? – Cannabis Business Executive

SpeedWeed

Cannabis and NFTs: Collectible Art or Regulated Ads? – Cannabis Business Executive – Cannabis and Marijuana industry news. The post Cannabis and NFTs: Collectible Art or Regulated Ads? – Cannabis Business Executive appeared first on SpeedWeed.

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Cannabis Businesses Need Privacy Policies

Canna Law Blog

It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. Any cannabis business that operates in California and has a website is clearly subject to this requirement. But what about an Iowa-based cannabis company? And things are not getting better.

Policy 70