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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

Choosing the Right Business Entity in the Cannabis Industry One of the most fundamental questions facing any entrepreneur – whether in the cannabis industry or elsewhere – is: What type of business entity should I choose? Will you own 50% of the business, but your partner wants to claim 100% of the early losses?)

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Changes to cannabis occupation tax rate start July 1

Illinois News Joint

The Illinois Department of Revenue today posted a notice 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. To verify new combined state and local retailers occupation tax rates (i.e.,

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Papa’s Herb® Enters the Oregon Market Through Halo Collective

Cannabis Law Report

TORONTO , July 19, 2021 /CNW/ – Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated cannabis company, announced today that it has entered into a brand licensing arrangement (the “Licensing Agreement”) with Brezwald Corp.

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Celebrating Missouri’s First Black-Owned Cannabis Dispensary

Veriheal

Missouri is about to get its first Black-owned cannabis dispensary, thanks to the hard work and dedication of Adrienne Scales-Williams. Luxury Leaf Dispensary is the result of a woman empowered by her own convictions and driven to represent those who frequently face cannabis-related racial disparity.

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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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New Dispensary Opens Right Outside Wrigley Field in Chicago

Veriheal

A new dispensary that opened right outside of Wrigley Field in Chicago is the closest dispensary to a national sports stadium in the U.S., The dispensary belongs to Chicago-based cannabis company Cresco Labs, which runs a series of dispensaries in Illinois and beyond under the brand name Sunnyside.

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Dispensaries Plan To Open Soon Despite Medical Marijuana Mess In Missouri

MedicalJane

Although medical cannabis has technically been legal in Missouri for over a year and cards have been issued, patients are still waiting desperately for dispensaries to open across the state. That, coupled with various limitations imposed by the coronavirus, means dispensaries may have a limited selection of products when they first open.