Simon Menkes
Posts by Simon Menkes:
The Hot Debate Embroiling New York’s Potency Tax
Should states taxes for cannabis be levied on the amount of THC in the product? New York’s cannabis tax law has many stakeholders in the market condemning this and arguing for a flat rate instead.
How Savvy New York Cannabis Businesses Are Shaving Down Their Taxes
Legal cannabis businesses in the State of New York face many challenges. It’s a difficult task just to obtain a license, and then many companies must find ways to compete with the thousands of illegal cannabis businesses that operate in the state today. With cannabis taxes as high as they are, savvy cannabis companies are using […]
Montana Revisited: How Did Its Cannabis Gold Rush Pan Out?
Reprinted with the permission of Cannabis Industry Journal A little over a year ago, we at AB FinWright took a look at the newly-opened adult-use cannabis market in Montana and posed the question: Is Cannabis the Next Gold Rush for Montana? Now, with our 20-20 hindsight, we can see that cannabis sales have taken off […]
Adult Use Cannabis Begins in Compassionate Connecticut
Reprinted with the permission of Cannabis Industry Journal. On January 10, 2023, Connecticut joined those states in our union that have opened their doors to adult use cannabis sales. Seven dispensaries stepped through those doors and by January 31, Connecticut had recorded $5.1 million in adult use sales, plus an additional $8.2 million in medical […]
CALIFORNIA STEPS UP ENFORCEMENT AGAINST ILLEGAL CANNABIS, BUT IS IT ENOUGH?
In an announcement dated March 2, 2023, the California Department of Cannabis Control released cannabis enforcement statistics for 2021 and 2022 in an effort to demonstrate its commitment to bringing down the illegal market.The DCC reported: “DCC-led search warrant operations increased from 62 in 2021 to 155 in 2022, a 150 percent increase. DCC also […]
California’s DCC Requests AG Opinion on Interstate Cannabis Commerce
California’s Department of Cannabis Control signals that it would like to open up new markets for the state’s struggling cultivators. On January 27 this year, Matthew Lee, General Counsel for the Department of Cannabis Control, sent a letter to Senior Assistant Attorney General Mollie Lee requesting an opinion on whether “medicinal or adult-use commercial cannabis […]
New Jersey’s Careful Approach to Cannabis: Part Two
In this two part series, we take a look at New Jersey’s legalization of cannabis. Part one examined the state of the market, licensing, approvals and sales. Part two discusses all things taxes. Click here to read Part One where we examined the state of the market, licensing, approvals and sales. Part Two delves into all […]
AB FinWright/420CPA California HR Update
Happy Start of 2023! We made it through the crazy start of 2023 that saw many changes including new minimum wages! Remember to post your OSHA300A forms from February 1st through April 30th (links below). We are also highlighting compensation this month. This will be the last month we include the New Laws in 2023 […]