For newly legal cannabis businesses, the complexity of tax compliance can be daunting. It's easy to get lost between rapidly changing regulations, complicated calculations, and tight filing deadlines. This post will explore key steps cannabis retailers can take to master taxation in this emerging industry. Know the Regulatory Landscape With cannabis still federally illegal, most
Thinking back just 10 years ago, the previous U.S. cannabis landscape stood in stark contrast to the one we enjoy today. The United States currently has 38 states with legal medical or recreational cannabis, with 74% of Americans living in a legal cannabis state and 79% living in a county with at least one cannabis
Senator Mitt Romney of Utah and two of his Republican colleagues have sent a letter to the Drug Enforcement Administration, urging the law enforcement agency to decline a bid to reschedule marijuana under federal drug laws. Cannabis is currently listed under Schedule I of the federal Controlled Substances Act (CSA), a designation reserved for drugs
A new technique has arrived that measures the potency of psilocybin and psilocin, great news for those medicated by mushrooms. Credit goes to teams at the University of Texas at Arlington, Scottsdale Research Institute in Phoenix, Shimadzu Scientific Instruments in Maryland, and Millipore-Sigma in Round Rock, Texas. They comprise the brilliant minds behind the method
Should restaurant patrons who smell like weed be denied service at a restaurant? That’s the question South Africans are asking after one of the country’s top rappers was denied service along with two friends. South African rapper Emtee was denied service, along with two fellow rappers, from a branch of Mike’s Kitchen in Johannesburg, South
The Los Angeles Times reported that “Costa Mesa police and city employees trucked more than 100 pounds of cannabis flower, boxes of oil cartridges and vaporizers along with documents, devices and security equipment held in police storage” to the owners of Se7enleaf, Michael Moussalli and Matteo Tabib, reached a settlement agreement with the city of
Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in a row that licensed weed sales have exceeded $1 billion in the Grand Canyon State. Sales of recreational marijuana totaled more than $1 billion in 2023, while sales of medical cannabis brought in nearly $350
As the cannabis industry grows, businesses realize that tax compliance is one of the most challenging hurdles to overcome. The web of regulations is vast and confusing, inventory must be tracked meticulously, and failure to comply can mean crippling penalties or loss of license. That's why every plant-touching cannabis operator needs Monarch - the leading
A majority of cannabis flower products purchased at licensed retail pot shops in Colorado contained less THC than indicated on the label, according to a study performed by a researcher at the University of Colorado Boulder. The study showed that THC levels indicated on the label of approximately 70% of products tested were at least
At a conference last week, Andrés Manuel López Obrador, Mexico’s president since 2018, said, “We are not going to act as policemen for any foreign government,” as quoted by the Associated Press. “Mexico First. Our home comes first.” As the Associated Press noted, López Obrador has, in previous years, “laid out various justifications for his
