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Cannabis Businesses Could Save Millions In Taxes Depending On The Outcome Of A California Dispensary’s Federal Appeals Court Case

Amicus briefs filed this week in a Ninth Circuit U.S. Court of Appeals tax case signaled the intense interest the cannabis industry has in the IRS tax burden exacted on dispensaries and related marijuana businesses the feds consider illegal. Indeed, la…

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Amicus briefs filed this week in a Ninth Circuit U.S. Court of Appeals tax case signaled the intense interest the cannabis industry has in the IRS tax burden exacted on dispensaries and related marijuana businesses the feds consider illegal. Indeed, lawyers for California-based dispensary Harborside want nothing less than to declare Section 280E of the U.S. Tax Code unconstitutional. And they made that point clear in their brief filed May 26, which focused on Section…

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The Challenge Of Building Credit In The Cannabis Industry

Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No …

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Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No one is going to lend to a stranger. So, how do you demonstrate good credit? In particular, how does a cannabis business demonstrate credit when credit companies shun the industry?…

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A Guide For Canadians Looking To Try Cannabis This Valentine’s Day

Wondering what to buy? “Flowers, duh!” says budtender Katie Lake… but with a pot twist. “In high school, my nickname was Miss Bakes. I guess it’s true what they say; old habits die hard,” says Katie Lake, who is currently working as a budtender at Sh…

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Wondering what to buy? “Flowers, duh!” says budtender Katie Lake… but with a pot twist. “In high school, my nickname was Miss Bakes. I guess it’s true what they say; old habits die hard,” says Katie Lake, who is currently working as a budtender at Shop Cori, a cannabis store located in Toronto. “Initially, working in the cannabis industry was supposed to be a temporary gig,” Lake says in an email. The transition occurred as…

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How One Social Equity Advocate Helped Land $4 Million To Rectify Colorado’s War On Drugs

In Colorado, approximately 87% of cannabis business owners identify as white. But in the first state to legalize adult-use marijuana sales, that figure might finally drop with the state dedicating $4 million in new funding to advance industry involveme…

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In Colorado, approximately 87% of cannabis business owners identify as white. But in the first state to legalize adult-use marijuana sales, that figure might finally drop with the state dedicating $4 million in new funding to advance industry involvement for communities negatively affected by the War on Drugs. Originally conceived as the Cannabis Opportunity Program and recently renamed as the Cannabis Advance Program (CAP), the proposal was co-written by the Colorado Office of Economic Development…

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