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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!
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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 […]
In this two-part series, we take a look at New Jersey’s legalization of cannabis. Part one examines the state of the market, licensing, approvals, and sales. Part two will delve into all things taxes. On the surface, New Jersey’s new adult use cannabis program is similar to the program of its larger neighbor across the […]
Rhode Island’s Traditional Dislike of Cannabis: Although Rhode Island is the USA’s smallest state, it has traditionally taken an out-sized dislike for cannabis and its users. It first banned cannabis in 1918, and up until recently, had some of the strictest mandatory minimum sentences for large-scale possession, sentencing those with more than 5 kg (11 […]
In light of the upcoming income tax filing season for 2022, we felt it was noteworthy to remind cannabis taxpayers that Section 179 depreciation is unavailable in the industry due to the 2022 tax court case discussed below. Read through for some other possible but aggressive options. In a March 2022 tax court decision, a […]
New York: Adult Use Sales Launched On December 29 of last year, New York officially launched adult use sales, but at only one location. The fortunate dispensary was Housing Works Cannabis Company in Manhattan’s East Village, and it’s first sale was made to Chris Alexander, the executive director of the New York Office of Cannabis […]