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...
Does Cannabis Use Increase The Risk Of Cardiovascular Disease? According to a report published on January 23, 2021 by the U.S. National Library Of Medicine National Institutes Of Health, in a study involving over 57,000 adults who consumed cannabis in any form...
Tel Aviv Stock Exchange Launches Cannabis Index Israel Is Dominating Global Medical Cannabis Research Despite An Anti-Federal U.S. Climate Most people would be surprised to hear that Israel is the global leader in medical cannabis research. Not a surprise here...
Don’t think that you can avoid California tax enforcement action just because we are in a pandemic. California is unique in the structure of its tax system. Most States operate under a single tax agency. The Federal government uses a single tax agency called the IRS....
2020 Taxes For California Cannabis – What You Need To Know We previously reported in our blog that the Trump Administration organized a committee of federal agencies from across the government to combat public support for marijuana and cast state legalization measures...
When Facing An IRS Tax Audit, How Do Marijuana Businesses Explain To IRS A Cash Stash Accumulated From The Past? With the proliferation of licensed cannabis businesses sprouting in the State Of California and a growing number of States, a lot of cannabis business will...
On December 22, 2017, President Trump signed into law the 2017 Tax Cuts And Jobs Act. It’s been a good 30 years since the last time the Internal Revenue Code received such a major update. Major Changes From The New Law Include: Compressed And Lower Income Tax Rates...
