Recreational Cannabis Has Produced Close To $8 Billion In Tax Revenue
Marijuana Industry NewsUncategorized May 27, 2021
Legal Cannabis States Almost Reach $8 Billion In Tax Revenue
The post Recreational Cannabis Has Produced Close To $8 Billion In Tax Revenue appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.
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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?
Uncategorized November 26, 2019
One of the most fundamental questions facing any businessperson in the cannabis industry and every other industry is: “What type of business entity should I use?” This is such a loaded question that your lawyer or accountant will first respond with, “That depends,” and then they will need to ask you at least ten follow-up…
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Pay Cannabis Tax with Cryptocurrency? California Takes a Look.
CaliforniaUncategorized March 16, 2019
We’ve written about the potential benefits of harnessing the power of blockchain technology to track and trace cannabis from seed to sale and provide an effective regulatory tool for governments (see here and here). We’ve also warned of the risks and dangers (and outright scams) associated with many cryptocurrencies and the heightened risks that come…
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On December 20th, U.S. Tax Court issued its opinion in Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue. The long opinion details various issues related to the specific case, but we will concentrate on one relatively small piece of it. How would the Tax Court treat income paid from a marijuana retailer…
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How Cannabis Fared in the California Elections
CaliforniaMedical MarijuanaUncategorized November 9, 2018
As we wrote on Tuesday, the midterm elections were monumental for cannabis: Michigan voters approved of a proposal legalizing recreational marijuana for adult use, Utah and Missouri will soon establish medical marijuana regimes, and Texas Representative and marijuana antagonist Pete Sessions lost to a Democrat. All in all, Tuesday was a good day at the…
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Cannabis Tax Crimes: Don’t Even Think About It
OregonUncategorized October 15, 2018
California, CDTFA and Proposed Cannabis Tax Regulations
CaliforniaRecreational MarijuanaUncategorized August 29, 2018
Cannabis Taxation: Another Day, Another 280E Case (or Two)
Marijuana Laws, Regulations, & Politics June 25, 2018
