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...
Governor Newsom’s California Comeback Plan Proposes Millions in Funding for Cannabis 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 funding...
National Park Service Seizes Illegal Cannabis In Death Valley Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief...
Cannabis Consumption Trends: Older Patients More Likely to Consume Cannabis Tinctures, High-CBD Products According to an analysis of sales data published in the journal Cannabis and Cannabinoid Research, older patients are more likely to purchase sublingual...
IRS Commissioner Tells Congress That He Prefers Cannabis Businesses Be Able To Pay Taxes Electronically In a hearing before the House Appropriations Financial Services and General Government Subcommittee on February 23, 2021, IRS Commissioner Charles Rettig told...
Riverside County Sheriff’s Office Announces Shutdown Of Another Illegal Cannabis Enterprise Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled...
Cannabis Operators Deemed “Essential” in California And Are Eligible To Receive The COVID-19 Vaccine Cannabis Retailer workers have been moved up to PHASE 1A in Governor Newsom’s COVID-19 Vaccine Allocation Guidelines released February 4, 2021. Updated COVID-19...
Tips For Cannabis Businesses To Prepare for the 2020 Tax Filings On January 15, 2021, the Internal Revenue Service (IRS) announced that it will process 2020 tax returns beginning February 12, 2021. April 15th Filing Deadline. The filing deadline to submit 2020 tax...
