In the complex cannabis industry, getting taxes right is a make-or-break for operators. Tax liabilities are often the largest expense for cannabis firms, and non-compliance leads to crippling penalties. Monarch works closely with leading operators to automate their tax workflows for massive time and cost savings. Here we highlight real customer success stories that demonstrate
Virginia Governor Glenn Youngkin on Thursday vetoed a bill to legalize recreational marijuana sales, saying that regulated sales of cannabis would be a danger to health and safety. Virginia legalized the possession of small amounts of weed three years ago, but consumers remain without a legal way to purchase cannabis in the state. The governor
In a recent campaign stop in California, President Joe Biden said that people in other countries are paying 40-60% less than what Americans are paying for prescription drugs. A fact-checker recently approved his claim, affirming that Americans are indeed paying double for prescription drugs compared to prices in other countries. “If I put you on
Vermont is the latest state looking to further examine and embrace the potential of psychedelics, as the state Senate recently passed a measure to establish a working group to research psychedelics and confirm whether, and to what extent, they may be used in therapeutic settings. Senators approved the legislation, S. 114, on March 27, and
North Carolina-based Eastern Band of Cherokee Indians (EBCI) will officially be opening its cannabis dispensary on tribal land, effective as of April 20. This will also mark the opening of North Carolina’s first dispensary, since state legislators have not legalized medical cannabis. The EBCI tribe lies on 57,000 acres, called the Qualla Boundary. According to
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
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
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
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
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
