Prepared by NCIA The simple truth is that regulated cannabis markets are not working for the vast majority of small businesses, including equity businesses. Regulators increasingly understand that these businesses are struggling, but face the daunting challenge of knowing where to start with the many, many, many voices calling... Read more

Prepared by NCIA Section 280E of the Internal Revenue Code forbids businesses from deducting otherwise ordinary business associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act. This provision was enacted by Congress in 1982 in order to penalize illegal drug dealers. ... Read more

Related Articles Eight businesses have recently received warnings for hosting marijuana-related activities in Denver without the required license, with a separate ticket issued to Tetra Lounge. On Saturday, the city investigated multiple locations after receiving complaints of illegal events taking place, said Eric Escudero, spokesperson for Denver Department Of... Read more

Related Articles Tetra Lounge, one of Denver’s first cannabis-friendly smoking lounges, is preparing to reopen this summer after closing temporarily more than a year ago. Owner Dewayne Benjamin retooled the concept slightly, transforming an outdoor patio into the primary marijuana smoking area as he works to upgrade the business’... Read more