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
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
Medical marijuana patients would be permitted to grow up to 16 cannabis plants at home under a bill now pending in the state legislature. If approved, patients and caregivers would be able to grow twice the number of plants allowed under the state’s recreational marijuana legalization law, which went into effect on August 1 of
The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this recent progress to help struggling cultivators. “Farmers are the backbone of our State, and we’re making sure the family farms across New York that are building our cannabis industry
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
Monday was not a good day for billionaire Sean “Diddy” Combs—once one of the most highly respected producers in hip-hop and one of the most successful Black entrepreneurs to enter the game—as feds from multiple agencies raided two of his homes in Los Angeles and Miami. Two of Diddy’s homes were raided as part of
European countries are gradually turning their attention toward cannabis reform as medical and adult-use cannabis steadily become the new status quo in states around the U.S. While Germany gears up to launch its adult-use program next month, Switzerland has embraced an alternative approach in the form of an adult-use cannabis pilot program. Earlier in March,
A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for products like candy and soda, as well as services such as pet care and grooming, but most importantly, adding a 100% tax to CBD
Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research. The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and adult-use cannabis will total $31.4
For newly legal cannabis companies, tax compliance often feels like wandering through a dense jungle filled with pitfalls. Complex regulations, high tax rates, and the IRS 280E provision result in maze-like accounting needs. Without the right guidance, missteps can lead to major fines, lawsuits, or even the closure of your cannabis business. Fortunately, with the
