Mississippi Becomes The 37th State To Legalize Medical Cannabis In 2020, voters in Mississippi approved Initiative 65, a ballot measure to legalize medical cannabis; however, last year the state’s Supreme Court overturned it and invalidated the ballot initiative. ...
Tips For Cannabis Businesses To Prepare for the 2021 Tax Filings On January 10, 2022, the Internal Revenue Service (IRS) announced that it will process 2022 tax returns beginning January 24, 2022 (last year the opening date was February 12, 2021). April 18th Filing...
California Raising Cannabis Taxes In 2022 The California Department Of Tax And Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry under Emergency Regulation 3700 established a new category and tax rate...
On September 21, 2021 the California State Fair announced the addition of the first-ever, state-sanctioned cannabis competition and awards. Organizers of the California State Fair Cannabis Competition and Awards stated that this competition will "join a roster of...
With A 55% Increase Over Last Year, Sales Of California Legal Adult-Use Cannabis Generated $817 Million In Tax Revenue According to a report by the nonpartisan California Legislative Analyst’s Office, California collected about $817 million in adult-use marijuana tax...
Can Cannabis Help Lower CNS Inflammation in People With HIV? According to a report published on July 15, 2021 in the Journal of the International Neuropsychological Society, in a study of 263 adults who have neurocognitive impairment in people with HIV (PWH) those who...
Governor Newsom Signs Cannabis Trailer Bill Creating The Department Of Cannabis Control On May 14, 2021 the California Bureau of Cannabis Control issued a press release announcing Governor Newsom’s “California Comeback Plan” which proposes $100 million in grant...
If You Can’t Beat Them Then Join Them! Legal Cannabis States Have Generated Nearly $8 Billion In Tax Revenue Since Recreational Sales Launched States that have legalized marijuana for adult use have collectively generated nearly $8 billion in tax revenue from cannabis...
The Biden Administration Continues Its Stance Against Cannabis In A Section 280E Legal Battle On May 21, 2021, acting Solicitor General Elizabeth Prelogar filed an Opposition Brief on behalf of the United States in its opposition to a Petition For A Writ Of Certiorari...
Why You Should Not Disregard The May 17, 2021 Filing Deadline The most important thing everyone with a tax liability should do is file a return by the May 17th due date, even if they can’t pay in full, or request a six-month extension to avoid higher penalties for...
