New laws, lower taxes, and using “Humboldt” as a marketing term could boost the industry. Making predictions about California’s marijuana industry was a challenge even before a global pandemic changed everything. It’s not just that the legal cannabis market, which launched three years ago in California, is so new. It’s also the singularity of an […]
taxes
Top 6 Growing Pains in California’s Cannabis Marketplace
By Hilary Bricken, Co-Founder, Harris Bricken Every state that’s legalized cannabis for adults 21-and-up has faced that moment or even series of moments that threatened to really derail or seriously stymie market development. California is at that crossroads and has been almost from the outset of the first issuances of cannabis licenses back in January […]
The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill
CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and […]
The Right Way to Do Drugs
The argument for the legalisation of cannabis has been won. Now for the difficult bit IT IS like a hash-induced hallucination: row upon row of lush, budding plants, tended by white-coated technicians who are bothered by the authorities only when it is time to pay their taxes. Cannabis once grew in secret, traded by murderous […]
Oregon Has Collected $25.5 Million in Marijuana Taxes This Year
The Oregon Department of Revenue collected $25.5 million in tax from the sales of recreational marijuana this year as of July 31, the department announced Monday. That represents $102 million in total sales thus far this year. The state collects a 25 percent tax on sales of recreational marijuana. That figure drops to 17 percent […]
