Our New York City office is now open! Located in Midtown- 1740 Broadway 15th Floor, New York, NY 10019

Pay My Fee
Subscribe To Our Newsletter

(310) 237-3070 | info@abfinwright.com

Menu

Cannabis Business

subtitle 1 - Other Provisions

N.Y. Recreational Cannabis Businesses to Run Gauntlet of Taxes

, , , , , ,

You can find our article, N.Y. Recreational Cannabis Businesses to Run Gauntlet of Taxes, in the latest publication of Bloomberg Tax here:  https://news.bloombergtax.com/tax-insights-and-commentary/n-y-recreational-cannabis-businesses-to-run-gauntlet-of-taxes Reprinted with the permission of Bloomberg Tax—————————————————– Since June 1, the New York’s Cannabis Control Board has issued 162 recreational cultivation licenses. But businesses fortunate enough to obtain one of its recreational […]

money and tax documents

M&A in Cannabis: A Guide for Buyers and Sellers

, , , ,

You can find our article, M&A in Cannabis: A Guide for Buyers and Sellers, in the latest publication of Cannabis Industry Journal here: https://cannabisindustryjournal.com/feature_article/ma-in-cannabis-a-guide-for-buyers-and-sellers/ Reprinted with the permission of Cannabis Industry Journal—————————————————– Mergers and acquisition activity in the cannabis space tripled from 2020 to 2021, and that pace is on track to continue in 2022. With big players entering […]

Business team working on their business project

Christmas in July – California Ends the Cannabis Cultivation Tax!

,

With Wednesday’s approval of California’s 2022-23 budget, and after Governor Newsom’s signature on the budget last night, California’s cultivation tax was finally eliminated![1] The governor had taken wording from a recently proposed bill eliminating the cultivation tax, authored by Senator Mike McGuire of Humboldt County, and incorporated it into his proposed budget as a cannabis trailer […]

Close up business man reaching out sheet with contract agreement

California Bill Introduced to End Cannabis Cultivation Tax on July 1, 2022

,

The state senator from Humboldt County, Senate Majority Leader Mike McGuire (D), has introduced a bill that would eliminate California’s cannabis cultivation tax.[1] The current tax rate is $10.08 per dry-weight ounce for flower and $3 per dry-weight ounce for leaves.[2]Senate Bill 1074 would discontinue, beginning on July 1, 2022, the imposition of the cultivation […]

download

New York’s Cannabis Social Experiment and How You Can Participate

,

Happy 420!   You can find our article, New York’s Cannabis Social Experiment and How You Can Participate, in the latest publication of Bloomberg Tax here:   https://news.bloombergtax.com/tax-insights-and-commentary/new-yorks-cannabis-social-experiment-and-how-you-can-participate   Reprinted with the permission of Bloomberg Tax     This is part of a two-day series by Bloomberg Tax Insights looking at the tax challenges facing […]

paperwork

Cannabis Taxation in Montana

,

By Abraham Finberg, CPARachel Wright, CPA MSTAB FinWright LLP and Jim Marty, CPAFounder of Bridge West CPAs and Advisors to the Cannabis Industry ———————————— Montana voters legalized cannabis for medical use in 2016 under the Montana State Initiative I-182[1].  Somewhat similar to states such as California, Initiative I-148, passed in 2004[2], allowed for patient use […]

unnamed

Sooner to Profitability

,

You can find our article, Sooner to Profitability – Oklahoma’s tax structure makes it friendlier to cannabis businesses than California, on page 7 of the latest publication of Cannabis and Oklahoma here:    https://indd.adobe.com/view/4f0d5275-0328-46e3-b714-df5d72ca04e4   Reprinted with the permission of Marijuana Venture     In 1889, the federal government opened up the Oklahoma District’s Unassigned […]

Load More