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Cannabis Collections Headaches and What to Do

Canna Law Blog

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. In any event, the cannabis collections process is no easy task. Or you might be a distributor that distributes product to retailers on net terms.

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New York marijuana retailers already behind on bills

Medical Marijuana Program Connection

Although the New York cannabis market has gotten considerably better – the number of operational retailers has grown to 52 as of Jan. 19 – a new problem has arisen for operators upstream in the supply chain: how to collect on unpaid bills from retail shops. The issue of nonpayment. Read More

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House Members Pass Historic Legislation Legitimizing Retail Cannabis Sales

NORML

This ongoing federal prohibition also places the safety and welfare of these businesses’ customers at risk, as they must carry significant amounts of cash on their persons in order to make legal purchases at retail facilities. What’s Next? Today’s vote is a significant first step, but it must not be the last.

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Oregon Cannabis: How Many Retailers Will Close Due to Gov. Kotek’s New Tax Compliance Missive?

Canna Law Blog

As reported by Sophie Peel of the Willamette Week, on May 16, Governor Kotek issued a directive to the OLCC to make state tax compliance a requirement for the agency to issue or renew cannabis retail licenses. Oregon is somewhat unique in that it only taxes marijuana at the point of sale to a retail customer. We don’t know.

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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. Related Links.

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Ohio Cannabis Activists Get Nod to Collect Petition Signatures |

SpeedWeed

Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. If the group collects at least 132,887 valid signatures, the proposal will head to the Ohio General Assembly for consideration by the legislature.

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Article: Get Ready to Pay: California Cannabis Excise Tax Shifts to Retailers

Cannabis Law Report

The responsibility for collection and payment of tax to the California Department of Tax and Fee Administration (CDTFA) will transfer from distributors to cannabis retailers. Their article On January 1, 2023, changes are coming to the cannabis excise tax in California. Changes for Cannabis Distributors: […]

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