By Thomas Andersen, BTA Cannabis CPA Tax The new tariffs have undoubtedly hurt the cannabis industry when it comes to manufacturing, packaging materials, and finished goods. However, as Q3 unfolds, we’re also seeing how tariffs have, perhaps surprisingly, been beneficial to other aspects of the cannabis industry — namely, the infused-beverage sector. Other developments include …
By Kate Dymedenko, CPA, CTC Growise CPAs Section 280E of the federal tax code looms over American cannabis operators like a dark cloud, severely impacting profitability in an already challenged regulatory landscape. But we’re not here to tell you about things you already know. You might not be aware that 280E does not apply at …
C.D. Michel, Michel & Associates, P.C. INTRODUCTION In our 2021 article for California NORML, we discussed how federal gun laws intersect with California’s and other states legalization of recreational marijuana use. In that article, we examined Ninth Circuit authority holding that federal law makes it illegal for all marijuana users to possess a firearm. Since then Second Amendment …
Learn how you can help sustain Cal NORML’s essential advocacy and lobbying efforts in the coming years, while providing a helpful needed service to your customers that will boost your sales. California NORML is excited to announce a new partnership with Banking and Merchant Specialist, Ian Rassman. This new collaboration will benefit our business members …
Ron Naulls, Naulls Legal Group There are clear signs that the macroeconomic environment is causing some financial tightening across the board, and the cannabis industry is not immune. The uncertain times and challenging environment (i.e., lack of access to capital, taxation, regulation/compliance, the illicit market, inflation, and other macroeconomic issues like geopolitical tensions) add to …
Marijuana Use and Firearms Possession — 2024 Update Available Here Marijuana Use and Firearms Possession Are the Times A-Changin? C.D. Michel, Michel & Associates, P.C. INTRODUCTION In our 2021 article for California NORML, we discussed how federal gun laws intersect with California’s legalization of recreational marijuana use. In that article, we examined Ninth Circuit authority …
By Arbana Lika and Hannah Stitt, Tectonic, LLP Ideas, inventions, processes, original works of authorship and trademarks are eligible for protection through the United States government – even for cannabis industry operators! In this blog, we focus on trademark rights and how trademark applications for cannabis goods and services are treated. WHERE THE LAW CURRENTLY …
By David Hua, Meadow As of January 1, 2023, the state of California will require several changes from its cannabis supply chain in response to the adoption of the Department of Cannabis Control’s (DCC) new consolidated regulations and passage of AB-195. These changes include updates to the calculation and point of excise tax collection, …
By Oaksterdam University Cultivating cannabis is a rewarding hobby, which is why approximately 6% of consumers in the United States grow their own, and that number continues to rise. The overwhelming majority of home growers— 70% percent — say they grow simply because they enjoy it. In addition to growing for pleasure, there are other …
By Marijuana Packaging With the new year ramping up and cannabis laws sometimes changing so fluidly, it’s crucial to ensure that your business is compliant with California cannabis law. Whether it’s distributing flowers, concentrates, or edibles, each item has its own set of requirements that marijuana businesses must adhere to; to avoid significant penalties. To …