Cannabis Business
Opportunities & Challenges in the Tri-State Cannabis Marketplace
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 […]
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 […]
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 […]
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 […]
California Governor Aiming to Set Cannabis Cultivation Tax to Zero
On June 13, 2022[1], California’s Senate and Assembly passed a massive, $300 billion budget, just two days before the deadline which would have forced lawmakers to forgo their pay. While Governor Gavin Newsom has until June 30 to sign or veto it, and some issues surrounding the spending the state’s $49 billion surplus still have […]
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 […]
California Bill AB 2691 Would Allow Small Cannabis Cultivators to Sell at Shows
Assembly Bill 2691 has been introduced that would allow small cultivators to sell their cannabis at events. “This license will allow so many growers who cultivate cannabis on one acre or less to really showcase their products at these special cannabis events,” says bill sponsor Assemblyman Jim Wood (D-Humboldt County). “The Emerald Triangle is located […]
PALM SPRINGS — Hall of Flowers | B2B Premium Cannabis Trade Show
We look forward to seeing you at the Hall of Flowers in Palm Springs. Let us know if you’re around to meet up! Hall of Flowers is a licensed, industry-only, highly curated B2B show designed to facilitate commerce between our vast network of premium licensed cannabis brands and retailers. Our product categories span across flower, concentrates, […]
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 […]
