Update for March 4, 2019
It’s been an exciting week. Friday was day 45, halfway called transmittal, when they send the bills to the opposite house. Unfortunately, HB577 the gun rights bill failed to pass committee.
This week RFPs are out for Commercial Cannabis Business Permits in Nevada County, and grants for California municipalities in support of California’s Cannabis Equity Act.
Filed Under: Weekly Update
February 28 2019
3 Best Tax Software Tools for Cannabis Companies
Continuing our previous coverage of the best POS systems for cannabis companies and our general software recommendations, this guide gives you our picks for the three best tax software tools for cannabis operators.
Filed Under: Taxes
February 27 2019
199A - Qualified Business Income Deduction for Cannabis Operators
For cannabis business operators starting their tax return, figuring out what deductions you can claim under the 280e can be a challenge. Many of the typical expenses small businesses write off are ineligible to cannabis companies. As a result, you may need to dig a little deeper to find tax...
Filed Under: Taxes
February 26 2019
What ROI should you expect when investing in a cannabis business?
The cannabis industry is ripe for investors, with more and more cannabis companies joining the Canadian Securities Exchange (CSE). California’s cannabis market alone is estimated to reach $5.1 billion in market value. The cannabis industry remains a largely untapped market that has...
February 25 2019
This Week's Cannabis Updates from Around California
Today's cannabis updates from the state of California come from Pomona, Morro Bay, Colton, and more.
Filed Under: California, Weekly Update
February 21 2019
How to Price Your Cannabis and Cannabis Products for Profit
One of the most difficult aspects of running a cannabis business is learning how to price your products profitably.
High tax rates for dispensaries can make it difficult to set your price tag at a point that remains attractive to customers while still earning income for your business.
February 21 2019
The Big List of Things You May Not Deduct Under the 280E
The 280E federal regulation dictates what cannabis operators can deduct on their tax return.
The main thing you need to know is that the IRC 280E prohibits any company operating in connection with a Schedule 1 or Schedule 2 drug from deducting certain business expenses.
Unfortunately,...
Filed Under: Taxes
February 19 2019
Weekly Round-Up: Commercial Cannabis Updates from across California
This week RFPs are out for Commercial Cannabis Business Permits in Cotati and Contra Costa County. In other Cannabis Business new, Cannabis Business Tax announcements are abound in San Juan Bautista and San Luis Obispo County.
Filed Under: Weekly Update
February 19 2019
How to Beat the Competition in Oklahoma’s Cannabis Market
Oklahoma legalized medical cannabis in June 2018, and since then, the market has exploded with dispensaries and grow operations.
By our count, the Oklahoma market has more than 1600 growers, 436 processors, and 947 dispensaries – a very competitive landscape for anyone wishing to enter the...