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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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Ayr Wellness Announces Changing Legacies, A Series of Expungement Events

Cannabis Law Report

multi-state cannabis operator (“MSO”), today announced the launch of Changing Legacies , a series of record expungement clinics scheduled to take place on February 27, 2022. The main objective of our ‘Changing Legacies’ program is to create an ecosystem of support, partnership and hope for that better future.

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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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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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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.” If cannabis loan funds are used to fund a public works project, then the Prevailing Wage Act applies.

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UCANN Drops Patent Lawsuit Against Pure Hemp Collective

SpeedWeed

The event will feature three days of education and expo, bring together hemp growers, industry experts, solutions providers, and more. GIE Media and the team behind the event have a deep history of creating successful events that bringing together industry constituents to help advance agricultural markets and the businesses in them.”.

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FinCanna Capital Announces 100% Owned ezGreen Software Approved by the City of Adelanto, California as the Official Point-of-Sale Vendor for Licensed Cannabis Events

Cannabis Law Report

. (“ FinCanna “) (CSE:CALI) (OTCQB:FNNZF), is pleased to announce its wholly owned portfolio company that owns the proprietary ezGreen Point of Sale (POS) software has been approved by the City of Adelanto , California as the official Point of Sale vendor for city sanctioned cannabis events. ” About ezGreen.

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