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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.

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Lazarus Naturals Launches Its New Sleep Collection Introducing CBN

Cannabis Law Report

–(BUSINESS WIRE)– #Hemp — Lazarus Naturals knows that a healthy sleep cycle directly impacts its customers productivity levels and overall health. The company recently announced its Sleep Collection , introducing the addition of CBN—known to improve sleep and reduce pain. “It PORTLAND, Ore.–(BUSINESS

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LA City Council Seeks to Implement Emblem Program for Cannabis Stores

Cannabis Law Report

As a measure to protect cannabis consumers from untested and unregulated product at unlicensed businesses, two Los Angeles City Council members introduced a motion today aimed at implementing a county program that issues emblem placards to licensed cannabis businesses. ” Source: [link].

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Cannabis occupation tax rate changes July 1

Illinois News Joint

The Illinois Department of Revenue (IDOR) released an informational bulletin for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted municipal or county cannabis retailers’ occupation taxes. For more Illinois cannabis industry news, visit here.

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

The presentation included one significant cannabis tax item, the business expense deduction for licensed Illinois cannabis businesses. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.

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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. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.

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RYAH Group Ships Devices for Use in Pilot Program with Medicann in Jersey, Channel Islands

Cannabis Law Report

Medicann is a premier cannabis-specialized clinic, providing patients with access to local specialist doctors and pharmacists that have experience prescribing cannabis-based medication. a global leader in the cannabis industry serving both medical and consumer markets and dedicated to helping people improve their lives.

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