Federal Tax Code Allows Cannabis Companies To Write Off Cost Of Goods Sold
Amid fresh uncertainty over federal marijuana rescheduling, cannabis businesses of all sizes face questions around what the best tax strategy may be for the upcoming filing season, especially as they try to maximize savings under the harsh burdens of section...
Michigan Municipalities Feel The Benefit Of Cannabis Tax Rebates
Local governments in Michigan will receive $58,228 for every licensed marijuana business that operates in their communities. On Friday, the state government announced that this year’s allocation is slightly lower than last year, but local government officials say the...
Ann Arbor Denies Permit For Vaping And Food Event At Senior Center
City officials have denied a permit for a marijuana-themed game night at the Ann Arbor Senior Center and a local cannabis activist isn’t happy about it. “It’s real irritating,” said Chuck Ream, who has wanted to put on an event in May called Vapes and Crepes and...
States Continue Efforts To Restrict Intoxicating Hemp As Congress Weighs Farm Bill
States are continuing to press efforts to crack down on intoxicating hemp products in the USA, ramping up legislative efforts even as the delayed 2023 Farm Bill looms as a potential federal solution. Texas, Mississippi, Wisconsin, Alabama, and South Carolina all...
Michigan Matters: The Future Of The Cannabis Industry
As the legalized cannabis industry surpassed the $10 billion sales mark in the state since 2019, it's a look at what's ahead for this booming sector with Brian Hanna, Director of Michigan Cannabis Regulatory Agency, Mike Brennan, Editor of Four20 Post, and Gus...
CRA: Compliance Best Practice Document Updated
Today, the Cannabis Regulatory Agency released the latest iteration of its Best Practice Document for licensees. The newly updated version – which includes more information, links, and videos to assist licensees with maintaining compliance – now has a searchable table...
Michigan Treasury To Pay $58,200 From Cannabis Taxes For Every Licensed Dispo To Opt-In Cities Across The State
The Michigan Department of Treasury on Feb. 21 announced that nearly $100 million is being distributed among 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act. Over the next few days, 108 cities, 36 villages, 80...
Whitmer’s Proposed Cannabis Tax Increase Sparks Outrage
Michigan’s cannabis industry, already reeling from oversupply and plummeting prices, is facing a new threat: Gov. Gretchen Whitmer’s proposed 32% wholesale tax on recreational marijuana. The tax, part of her ambitious budget plan to fund road repairs, has ignited a...
Michigan Cannabis Faces Huge Consolidation In 2025
For the first time ever, Michigan marijuana industry jobs declined over a three-month period. Prices plummeted to another historic low in January, revenue hit a 12-month basement, investment continues to constrict and business expansion has trickled to a drip....
Colorado – April 11-12 – NoCo Hemp Expo
The 11th Annual NoCo Hemp Expo, happening April 10-12, in Estes Park, Colorado. Presented by First Citizens Bank, NoCo11 is the premier event for everyone in the hemp industry—growers, processors, fiber and grain companies, CBD and...
