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Northeaster University study published by the Massachusetts Cannabis Business Association – Massachusetts municipalities have collected more than $53 million in cannabis “impact” fees

Cannabis Law Report

Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. Read More at .

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Oklahoma Medical Marijuana Authority Sued for Violating State Law

SpeedWeed

A recent lawsuit filed against the Oklahoma Medical Marijuana Authority (OMMA) claims that the organization did not make its meeting agenda available to the public, which violated a state law known as the Oklahoma Open Meeting Act. Between January and June 2021, the state has collected $43,166.199 in state and local sales taxes.

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California’s Labor Peace Agreement Requirements for Growing Cannabis Businesses

Cannabis Law Report

California law requires commercial cannabis licensees with 20 or more non-supervisory employees to enter into a labor peace agreement; however, the legal requirements of such an agreement are far less than labor unions would suggest. Licensees should avoid signing a labor peace agreement without first consulting an attorney.

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Hypocritical U.S. Tax Law Stifling Legal Marijuana Businesses

WeedAdvisor

Owning a business is never easy. businesses enjoy is the ability to deduct certain expenses, providing a notable tax break once the IRS comes to collect its due. Unfortunately – according to the Los Angeles Times – this is not the case for cannabis retailers. But one thing U.S. Section 280E. . A Broken System. .

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Illinois gives guidance for Cannabis Loan Funds

Illinois News Joint

This week, DCEO announced sample guidelines for the use of the Cannabis Loan Funds. The guidance states, “Cannabis Loan Funds shall be used for ordinary and necessary expenses to start and operate a cannabis business.” Based on the business type, the following loan amounts (from a total of $8.75

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The Deduction of Cannabis Business Expenses Following New York’s 2023 Budget

Cannabis Law Report

Although the Budget includes the usual categories of expenditures we have come to expect from Albany, it also introduces certain tax-related measures, some of which are certain to be welcomed by the general business community, and a few that may be meaningful to certain industries. New York on Cannabis.

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Budding Woes: Navigating the Weedy Waters of Cannabis Companies in Financial Distress

The Blunt Truth

As the cannabis industry matures, there will be winners and losers. 7] A provider of hydroponic and gardening supplies for cannabis was also denied relief. [8] 8] ALTERNATIVES TO BANKRUPTCY Cannabis companies face a challenging landscape: high taxes, oversupply, security concerns. Losers lack access to the U.S.