Medical Cannabis Brief

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

Cannabis Law Report

FEBRUARY 1, 2020

SANTA FE – A state Court of Appeals ruling that New Mexico medical marijuana producers can claim a tax deduction for prescription medication could affect prices for 80,000 or so enrolled patients statewide – and the state budget. A tax department spokesman said Friday that the agency was reviewing the ruling and weighing legal options.

Marijuana

Marijuana Patients Data Food

The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

Veriheal

NOVEMBER 12, 2020

When it comes to the burgeoning cannabis industry in the United States, one subject that comes up over and over is taxes. For many states, tax revenue is a motivating factor when it comes to legalizing cannabis. First of all, customers purchasing cannabis, whether for recreational or medical use, pay taxes when they purchase legally.

Business

Business Banking Cannabis Compliance

Is Growing and Dispensing Cannabis a Sin?

Dykema (Cannabis Law Blog)

JUNE 12, 2019

In mid-May, Treasury Secretary Mnuchin told the Subcommittee on Financial Services and General Government of the Senate Appropriations Committee that cannabis businesses would not be eligible for Opportunity Zone (“OZ”) tax benefits. Read More › Tags:

Programs

Programs Business Cannabis

A Look Back at California Cannabis in 2022

Canna Law Blog

JANUARY 6, 2023

The year 2022 was a busy one for the California cannabis industry, with everything from tax reform to the beginning of enforcement. In a much more highly publicized case, Kushy Punch and some of its owners were tagged with a $128 million fine in late 2022 for alleged illicit market sales. California overhauled its cannabis taxes.

Collective

Collective Hemp Cannabis Programs

Washington DC…Gift To “lawyers” …To Access Cannabis

Cannabis Law Report

SEPTEMBER 4, 2022

I see all of these cars with Maryland and Virginia tags come off the highway, go down H Street and then go right back out again,” Silverman notes. . According to Saleem, landlords who lost tenants during the pandemic and faced mortgage and tax payments are succumbing to offers from the I-71s to pay two or three times the going rent.

Access

Access Topical Business Retail

Average Price of Cannabis 17% Higher Since Legalization

WeedAdvisor

JANUARY 10, 2019

According to Kelowna Capital News , the average price of illegal cannabis is 17% higher roughly three months after legalization. Kelowna Capital News explains how legalization has affected cannabis pricing: “The average price of a gram of pot has grown 17 per cent since legalization, according to Statistics Canada. from dealers.

Legalization

Legalization Research and Development Data Cannabis

Article: At Least We Now Know Why Weedmaps Didn’t Want to Get Rid of the Illegal Listings on Their Website

Cannabis Law Report

NOVEMBER 24, 2021

Weedmaps, or now known as WM Technology on Wall Street, had a horrendous stretch of bad news and dismal financial reporting over the past few weeks. That is how those totals could get so high on the map, illegal operators not paying taxes or licensing fees can spend all that money on their Weedmaps listing, instead. Trouble Brewing.

Dispensary

Dispensary Media Business Retail

Ontario Cannabis Lottery – the Only Draw Where Everyone Loses

WeedAdvisor

JANUARY 15, 2019

Basically, Ontario made a small fortune telling businesses that they now have the privilege to pay taxes and more fees. While we get to drive away with a brand new vehicle, we also get to put the taxes, insurance and maintenance in our back seat. You can find more information in our site’s E-News section.

Retail

Retail Research and Development Business Cannabis

Cannabis Media & Organizations Reports On Latest Cannabis Congressional Committe, “Marijuana Laws in America: Racial Justice and the Need for Reform”

Cannabis Law Report

JULY 10, 2019

Related News. Neal Levine, chief executive officer of the Cannabis Trade Federation, called the current situation a “frustrating dichotomy” that creates a hazardous cash-only industry and saddles MJ businesses with higher taxes. Tags: Regulatory Issues. House Judiciary Chair Jerry Nadler Release. Washington, July 10, 2019.

Law

Law Media Marijuana Legislation

Tilray Acquires Majority Position in Amended MedMen Convertible Notes

SpeedWeed

AUGUST 18, 2021

On July 21, the NFL stars had become the defendants, and the sports and cannabis news feed world went into overdrive. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis product tagging and tracking, seed-to-sale requirements. No Quick End In Sight For The Players.

Business

Business Cultivation Seed-To-Sale Law

Nearly Half of U.S. Adults Report Trying Cannabis; Percentage of Regular Smokers Remains Unchanged

SpeedWeed

AUGUST 17, 2021

On July 21, the NFL stars had become the defendants, and the sports and cannabis news feed world went into overdrive. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis product tagging and tracking, seed-to-sale requirements. No Quick End In Sight For The Players.

Business

Business Cultivation Cannabis Seed-To-Sale

Illinois Judge Says Ongoing Lawsuit Could Cause Cannabis Licensing Redo

SpeedWeed

AUGUST 17, 2021

On July 21, the NFL stars had become the defendants, and the sports and cannabis news feed world went into overdrive. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis product tagging and tracking, seed-to-sale requirements. No Quick End In Sight For The Players.

Business

Business Cultivation Cannabis Seed-To-Sale

Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

SpeedWeed

AUGUST 16, 2021

On July 21, the NFL stars had become the defendants, and the sports and cannabis news feed world went into overdrive. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis product tagging and tracking, seed-to-sale requirements. No Quick End In Sight For The Players.

Business

Business Dispensary Cultivation Cannabis

NFL Players Fumble Investment in Southern California Cannabis Business

SpeedWeed

AUGUST 16, 2021

On July 21, the NFL stars had become the defendants, and the sports and cannabis news feed world went into overdrive. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis product tagging and tracking, seed-to-sale requirements. No Quick End In Sight For The Players.

Business

Business Cultivation Cannabis Seed-To-Sale

The best cannabis concentrates in Oregon

SpeedWeed

JULY 8, 2021

Price point: $50/gram before tax. I recently tried Echo’s Southern Belle live budder collab with Evans Creek Farm ($50/gram before tax)—a whole-plant, fresh-frozen budder extracted from premium buds that gives top-shelf extracts a run for their money. Price point: $60/gram for ice-water hash; $70/gram for hash rosin (before tax).

Concentrates

Concentrates Hash Extraction Strains

You can now get a license to grow and sell cannabis from the state of California

Meadow

DECEMBER 24, 2017

Those are not going to get you your tax break. And then lastly just this adult use versus medical, that card thing I was talking about, really important on the tax side. First and foremost the biggest news in emergency regs on delivery was there is actually a new delivery license. Back to more delivery stuff.

Packaging

Packaging Retail Edibles Wellness and Beauty

US to ban Backwoods, Swishers and other flavored blunt wraps

SpeedWeed

APRIL 30, 2021

Tobacco companies will likely challenge the decision in court, according to Stat News. A separate study of blunt wrap brand Backwoods-tagged content on Instagram found that half of #backwoods posts were marijuana-related. But in reality, high tobacco taxes to curb use have created large illicit markets on the East Coast, experts note.

Supply Chain

Supply Chain Policy Hash History

Virginia joins 15 other states in legalizing marijuana – Cannabis Business Executive

SpeedWeed

FEBRUARY 28, 2021

Only two other states — Illinois and Vermont — have passed legislation to legalize, tax and regulate recreational marijuana through the legislature. Filed Under: Breaking News , News & Insights , Spotlight , Virginia Tagged With: Adult-use legalization , Virginia. The impact: Virginia is the 16th U.S.

Business

Business Legalization Marijuana Legislation

Medical Cannabis Brief

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

Trending Sources

Is Growing and Dispensing Cannabis a Sin?

A Look Back at California Cannabis in 2022

Washington DC…Gift To “lawyers” …To Access Cannabis

Average Price of Cannabis 17% Higher Since Legalization

Article: At Least We Now Know Why Weedmaps Didn’t Want to Get Rid of the Illegal Listings on Their Website

Ontario Cannabis Lottery – the Only Draw Where Everyone Loses

Cannabis Media & Organizations Reports On Latest Cannabis Congressional Committe, “Marijuana Laws in America: Racial Justice and the Need for Reform”

Tilray Acquires Majority Position in Amended MedMen Convertible Notes

Nearly Half of U.S. Adults Report Trying Cannabis; Percentage of Regular Smokers Remains Unchanged

Illinois Judge Says Ongoing Lawsuit Could Cause Cannabis Licensing Redo

Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

NFL Players Fumble Investment in Southern California Cannabis Business

The best cannabis concentrates in Oregon

You can now get a license to grow and sell cannabis from the state of California

US to ban Backwoods, Swishers and other flavored blunt wraps

Virginia joins 15 other states in legalizing marijuana – Cannabis Business Executive

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