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Cannabis Is Helping Cultivate Jobs in More Than Dispensaries

Veriheal

Flowhub says, “Nearly $3 billion in retail cannabis taxes were collected in 2022.” There is a great amount of detail that goes into cultivating a successful crop of cannabis consistently. The post Cannabis Is Helping Cultivate Jobs in More Than Dispensaries appeared first on Cannabis Central.

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LA Business News: SPECIAL REPORT- Local Cannabis Dispensaries Fighting for Survival

Cannabis Law Report

When Proposition 64 passed in 2016 legalizing marijuana sales in California, Wilmington dispensary owner Javier Montes and hundreds of other cannabis retailers hoped for better times ahead. “We Instead, things have gone from bad to worse for the local cannabis dispensary industry.

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Can Cannabis Businesses Be Insured?

Veriheal

Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 Gavin Kogan is the CEO of Grupo Flor, a licensed manufacturer, distributor, and cultivator of cannabis with five dispensary locations in California.

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Every California Dispensary That MMJ Patients Need To Know

MMJ Recs

With an extensive network of medical marijuana dispensaries, along with well-defined regulations and procedures, the Golden State continues to lead the way in providing relief to those in need. Once approved, patients can legally purchase medical cannabis from authorized dispensaries. In 1996, the state became the first in the U.S.

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). The closest we have to a federal framework is from this 2018 SBA Policy Notice , which categorizes MRBs as “direct”, “indirect”, and “hemp-related businesses.” Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

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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.