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As more and more states embrace adult-use cannabis, the momentum for substantial federal cannabis reform appears to be growing. Both the SAFE Banking Act, legislation that protects banks that provide services to legal cannabis businesses, and PREPARE, an act that directs the attorney general to create a commission to make recommendations on a regulatory […]
Hey, everyone! Tara O’Connor here from 420CPA. I’ll be at Hall of Flowers this Wednesday and Thursday and would love to chat! I’ll be dispensing free financial and tax lifelines too! Call or email me and we’ll connect: (310) 237-3070 or toconnor@abfinwright.com Tara O’Connor, Biz Dev, 420CPA Hall of Flowers 2023 Dates: May 3-4, 2023Location: […]
NYC CONSIDERS ABOLISHING 280E CONFORMITY As New York state’s adult-use cannabis industry begins to pick up steam, the eyes of many savvy entrepreneurs are focused on the tax burden foisted on these businesses by Section 280E of the Internal Revenue Code. While New York state allows cannabis businesses the same deductions as any other business, […]
Please join us on April 26th for an exciting evening at one of New York City’s hippest new venues, the Manhattan Manor, and connect with industry leaders at the forefront of New York State’s new cannabis market!
Join us at MJ Unpacked, the first and only event in the cannabis industry that exclusively brings together retailers, brands, and investors from across the nation!
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 […]
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 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 […]
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 […]
