A New York State Supreme Court judge issued a temporary injunction against the state’s Office of Cannabis Management (OCM) on Monday, August 7, 2023, halting the OCM’s efforts to distribute and process cannabis dispensary licenses. The injunction was granted when a group of veterans filed a lawsuit claiming the Conditional Adult Use Cannabis Retail (CAURD) program […]
Connecticut Governor Ned Lamont signed budget legislation on June 12, 2023 that allows cannabis companies state tax deductions prohibited under federal Internal Revenue Code 280E. Until now, the “Constitution State” has followed federal law, which classifies cannabis as a Class 1 controlled substance under the Controlled Substance Act and disallows all deductions except for cost of […]
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The National Cannabis Chamber of Commerce has just issued its whitepaper, State of Cannabis – 15 Key US Markets, 2023 Annual Report. Written by accounting, legal, and consulting experts considered authorities in the today’s cannabis marketplace, the 180+ page document explores the cannabis industry in 15 key states. The work examines business opportunities and challenges […]
Part 1 covered the news and the basics of the legislation. Part 2 dives into what you need to know before starting a business in the state.
As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Reprinted by Permission of Highly Capitalized Network
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.
WILL BRAINSTORM SOLUTIONS TO MASSIVE ILLEGAL CANNABIS SALES Abraham Finberg CPA to Present!