Many cannabis businesses are struggling, though not all the blame resides in faulty management decisions. In this edition of “The GreenWave Buzz,” we highlight the added costs of federal prohibition and discuss other risk factors that may cause near term volatility for both public and private valuations, giving particular attention to the tax burden associated […]
IRS 280E tax code
Why Legal Cannabis is So Expensive: Understanding 280E and how the STATES Act Can Help
By Erik Knutson Mention the price of cannabis at a legal, regulated dispensary to a consumer and be prepared to get an impassioned earful. Mention 280E to a licensed cannabis business operator and also be prepared to get an impassioned earful – and rightfully so! Business owners get it and don’t want customers to pay […]
Cannabis Track and Trace Is A Disaster Waiting to Happen—and Not for the Reasons You Might Think
By Griffen Thorne, Attorney at Harris Bricken Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. In California, the state has contracted the entire track-and-trace program to the METRC program. The METRC program isn’t yet fully implemented because many operators don’t yet have annual licenses. Our California cannabis attorneys frequently […]
Top 5 Buzzkills Keeping Cannabis Down And Out (And Emerging)
Unfortunately, most of these are here to stay thanks to the Department of Justice and the Controlled Substances Act. By Hillary Bricken, Co-Founder Harris Bricken There’s no question that cannabis remains a rocky, emerging industry even though entire countries and more than 30 U.S. states now have cannabis legalization or “medicalization.” The reasons why though […]
Tell Your Senator – A ‘Yes’ Vote is Needed Now as a 280E Amendment Benefitting the Cannabis Industry is Slated to be Discussed During the Current Senate Tax Reform Session
You have just today and tomorrow to tell your state senator to vote yes on one of the most critical parts of the IRS code that affects the cannabis industry. Today, and again tomorrow, Congress – specifically the U.S. Senate – is discussing and then voting on tax reform. Included in that vote is an […]
