Huge population centers on the East Coast are currently on the verge of legalizing marijuana for medical and recreational use. Former New Jersey Governor, Chris Christie, a stern anti-pot leader, has been replaced with Governor Phil Murphy, who has recently spearheaded a successful effort to institute cannabis legalization. Efforts to legalize weed in New York are meeting some resistance, but Governor Andrew Cuomo is committed to legalization for some very good reasons such as to
Black Market Cannabis Hunting Season Opens for Law Enforcement Agencies
California has long had a strong culture of illegal cannabis cultivation in the backcountry of Northern California. Many of these growers have been supplying customers for decades. The simple existence of laws making it legal to grow cannabis doesn’t seem to phase them because they’re already growing and making money without having to jump through legal hoops. Business has been so good for the illegal producers that many have been able to ignore the need to
The Farm Bill of 2018 legalized the growing of hemp nationwide, but it opened up a new problem for the cannabis industry — and yet another reason that you should be working with consultants, accountants, and lawyers who focus on the cannabis industry, rather than trying to figure things out for yourself. Part of the problem arises from the Federal laws that ended DEA prohibitions on the growing of hemp because it was considered a
Is CBD Still Legal After FDA Chief Resignation
It’s not normally hot news when an FDA Chief resigns. Few people noticed Scott Gottlieb’s sudden recent resignation. Similar to many resignations, his reason for leaving his job at the FDA was to spend more time with his family. But it doesn’t matter why he left as much as what he left behind. If you are engaged in producing or selling CBD-infused edibles or cosmetics, it is important that you check with your advisers regarding whether you
Taxes and Cannabis Sales

March 11, 2019

Taxes and Cannabis Sales

Taxes and Cannabis Sales   Every tax season you should get down on your knees and thank the god of cannabis for making state coffers so needy for money. Don’t fool yourself, tax revenues are what cannabis legalization is all about. That is precisely why you should pay very close attention to all the many rules regarding taxation for pot growers, weed distributors, and cannabis dispensaries.   If you are in California you should keep
The three most important things in starting your cannabis dispensary are the legal paperwork, a detailed business plan, and money. Unfortunately, the hardest thing to get is the money to start your business. Even though cannabis dispensaries are a hot investment item these days, the hardest part is finding those people who are willing to invest in your project. When you go out for funding you will find three kinds of investors Passive investors are
The Cannabis Business - Find Your Niche
The cannabis industry currently is very much like the birth of the dot-coms. Everybody is trying to figure out how to get a part of the Great Cannabis Opportunity because, if you get the right part, you can actually become very wealthy. However, as any successful business owner will tell you, a business is only as good as the experts that you hire to help you build the business. People trying to figure out how
How to Start a Cannabis Dispensary Business – Planning
California is the largest cannabis market in the United States, and since California also has the fifth highest Gross Domestic Product ranking, slightly higher than Great Britain, it could easily be the largest marketplace in the World.  As such, it serves as a good resource for entrepreneurs planning to open a cannabis dispensary business. Get fully involved and familiar with your state’s Cannabis Retail Dispensary laws. In California, the best place to start is the
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