Medical Marijuana Businesses Get A Reprieve By Congress – At Least For Now. On January 4, 2018, U.S. Attorney General Jeff Sessions announced the revocation of what is known in the cannabis industry as the “Cole Memo”. While that may now open the door for...
New cannabis taxes have been in effect in California starting January 1, 2018. Beginning January 1, 2018, licensed distributors who supply you with cannabis or cannabis products are required to calculate and collect the 15% cannabis excise tax from you. When you sell...
U.S. marshals in recent months having confiscated over 2,000 bitcoin in conjunction with federal prosecutions has announced the sale of this bitcoin to commence March 19th. Feds Don’t Mine – They Confiscate. When the Federal Government shuts down any illegal operation...
According to reports from the Sacramento Bee and Marijuana Business Daily, Lori Ajax, chief of the California Bureau Of Cannabis Control, issued on February 16, 2018 a cease and desist order to Weedmaps.com, an internet company based in Irvine that maps marijuana...
While the United States federal government refuses to make any use of marijuana legal and maintains banking and taxing roadblocks to the cannabis industry despite 29 states plus the District Of Columbia making Medical marijuana legal and 8 states plus the District Of...
With the proliferation of licensed cannabis businesses sprouting in the State Of California in 2017, a lot of cannabis business will be filing tax returns with the IRS starting next year. But beware, the IRS is well aware that successful cannabis businesses don’t just...
Banks won’t touch you, IRS just wants to tax you and the Feds want to close you down - despite California legalizing marijuana, these are the risks marijuana businesses face every day. Medical marijuana is now legal in 29 states plus the District Of Columbia and...
Medical marijuana is now legal in 29 states plus the District Of Columbia and recreational marijuana is legal in 8 states plus the District Of Columbia. In 2000, 70% of Americans believed marijuana should be illegal. Attitudes have since dramatically changed with a...
Medical marijuana is now legal in 29 states (including California) plus the District Of Columbia. However, under Federal law marijuana is designated as a Schedule I controlled substance and therefore is illegal under Federal law. Federal Law 21 U.S.C. § 812 known as...
On January 4, 2018, U.S. Attorney General Jeff Sessions announced the revocation of what is known in the cannabis industry as the “Cole Memo”. It is surprising that the Trump Administration known for its pro-business stance, allowed for such an anti-business decision...
