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California Cannabis Tax Collection and Penalty Nightmares

Canna Law Blog

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. Get used to hefty penalties If a licensed cannabis business fails to timely or fully pay its cannabis taxes, it will owe a substantial amount higher than the actual tax amount.

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New Year celebrations: 8,000 kg waste collected from Bengaluru CBD | Bangalore News

Medical Marijuana Program Connection

The civic body-run Bengaluru Solid Waste Management Limited (BSWML) on Monday said it collected eight tonnes of waste from the city’s Central Business District (CBD) where New Year celebrations were held on a massive scale. According to officials, huge amounts. Read More

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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 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!), For the cannabis companies able to survive this rocky time, cannabis collections are becoming an increasing headache as other cannabis businesses fold and/or just ignore payment obligations.

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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

States collected an estimated $1.3 However, SBA’s current policy excludes small businesses with “direct” or “indirect” products or services that aid the use, growth, enhancement, or other development of cannabis from SBA-backed financing. billion in tax revenue from legal cannabis sales in 2018.

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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. View original article.

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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. And it imposed a host of new legal requirements on applicable businesses (more on that below).

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