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Cannabis Business

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Transfer Pricing Is an Often-Overlooked Necessity in Cannabis

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We were published in Bloomberg: https://news.bloombergtax.com/tax-insights-and-commentary/transfer-pricing-is-an-often-overlooked-necessity-in-cannabis     Reprinted with permission by Bloomberg Tax   Cannabis industry participants face a tough battle under a litany of regulations that may not change much in the near future. Transfer pricing rules must be considered and acted on properly to avoid even more tax problems for these businesses, […]

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Opportunities & Challenges in the Tri-State Cannabis Marketplace

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Attention: Entrepreneurs and Investors interested in the brand-new Adult-Use cannabis markets of New York, New Jersey, and Connecticut! AB FinWright LLP and 420CPA’s Rachel Wright, CPA MST and Simon Menkes, CPA have been pleased to work with an amazing team of cannabis professionals and thought leaders on a CUTTING-EDGE WHITEPAPER. Here they discuss the opportunities and issues all cannabis people […]

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

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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 […]

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

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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 […]

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Christmas in July – California Ends the Cannabis Cultivation Tax!

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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 […]

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

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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 […]

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