Taxes
May 22, 2023 blogger ABFinWright, analysis, analytics, Business, Business Analysis, cannabis, compliance, CQC, CQCExpo, excise, flat, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, New York, Operations, potency, product, rate, Recreational, regulation, Regulations, regulatory, Retail, revenue, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, weed, withdrawal
On March 31, 2021, New York legalized adult-use cannabis with the passage of the Marijuana Regulation & Taxation Act (MRTA). Perhaps the most controversial portion of the Act was Section 493(1)-(3), which established taxes on the potency of cannabis products sold by distributors to retailers. Many cannabis advocates condemn this tariff, arguing that it increases the […]
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April 5, 2023 blogger 190, AB FinWright, adult, analysis, analytics, approval, Bozeman, Business, Business Analysis, cannabis, compliance, consumer, county, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, government, Growing, I-190, industry, Law, Legal, legalization, Legalize, legislation, license, Local, marijuana, market, Medical, Medicial Marijuana, Medicine, montana, MT, Operations, product, Recreational, regulation, Regulations, regulatory, Retail, safety, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, use, weed, withdrawal
A little over a year ago, we at AB FinWright took a look at the newly-opened adult-use cannabis market in Montana and posed the question: Is Cannabis the Next Gold Rush for Montana? Now, with our 20-20 hindsight, we can see that cannabis sales have taken off in the Treasure State and the tax dollars […]
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March 28, 2023 blogger 280e, analysis, analytics, Business, Business Analysis, cannabis, code, compliance, CQC, CQCExpo, Federal, government, Growing, industry, IRS, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medicial Marijuana, New Jersey, NJ, Operations, product, Recreational, regulation, Regulations, regulatory, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, weed, withdrawal
The New Jersey legislature recently approved legislation that would allow licensed cannabis businesses to deduct ordinary business expenses on their state tax return that they are prohibited from deducting on their federal tax return, and such legislation has been sent to Governor Phil Murphy to potentially sign into law. This relates to the universally dreaded […]
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March 15, 2023 blogger 280e, AB FinWright, access, analysis, analytics, Business, Business Analysis, cannabis, compliance, Connecticut, consumer, CQC, CQCExpo, CT, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, Federal, fees, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, licensee, licenses, licensing, marijuana, market, Medical, Medicial Marijuana, Medicine, Nutmeg State, Operations, patient, product, program, quality, Recreational, regulation, Regulations, regulatory, Retail, social equity, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, weed, withdrawal
On January 10, 2023, Connecticut joined those states in our union that have opened their doors to adult use cannabis sales. Seven dispensaries stepped through those doors and by January 31, Connecticut had recorded $5.1 million in adult use sales, plus an additional $8.2 million in medical sales for a total of $13.3 million. Like […]
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February 20, 2023 blogger 280e, AB FinWright, analysis, analytics, Business, Business Analysis, cannabis, compliance, consumer, CQC, CQCExpo, CRC, Cultivation, dispensary, excise, extraction, Federal, government, Growing, industry, laboratories, laboratory, Law, Legal, legalization, Legalize, legislation, license, licensing, marijuana, market, Medical, Medicial Marijuana, Medicine, New Jersey, New York, NJ, NJ Division of Taxation, product, quality, Recreational, regulation, Regulations, regulatory, Retail, sales, social equity, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, taxing, weed, withdrawal
Click here to read Part One where we examined the state of the market, licensing, approvals and sales. Part Two delves into all things taxes. A “Raft” of Taxes Like New York, New Jersey cannabis companies will be dealing with a raft of taxes: Federal Section 280E: Will It Apply in New Jersey? Well … […]
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February 14, 2023 blogger AB FinWright, analysis, analytics, approval, approve, Business, Business Analysis, cannabis, Cannabis Regulatory Enforcement Assistance and Marketplace Modernization Act, compliance, consumer, CQC, CQCExpo, CREAMM Act, Cultivation, dispensary, extraction, Federal, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, licenses, licensing, marijuana, market, Medical, Medicial Marijuana, Medicine, New Jersey, NJ, Operations, product, quality, Recreational, regulation, Regulations, regulatory, Retail, safety, sales, state, Stop Smoking Marijuana, Stop Smoking Pot, taxes, THC, the garden state, weed, withdrawal
This is Part One where we examine the state of the market, licensing, approvals and sales. Part Two will delve into all things taxes. Stay tuned for Part Two, coming next week! On the surface, New Jersey’s new adult use cannabis program is similar to the program of its larger neighbor across the Hudson. Like New […]
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February 10, 2023 blogger 280e, AB FinWright, analysis, analytics, Business, cannabis, compliance, credit, equity, Federal, government, Growing, industry, IRC, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, Recreational, regulation, Regulations, regulatory, Retail, Rhode Island, social, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, weed, withdrawal
Although Rhode Island is the USA’s smallest state, it has traditionally taken an out-sized dislike for cannabis and its users. It first banned cannabis in 1918 and, up until recently, had some of the strictest mandatory minimum sentences for large-scale possession, sentencing those with more than 5 kg (11 lbs) to 20 years’ imprisonment and […]
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January 18, 2023 blogger analysis, analytics, bank, Banking, Business, Business Analysis, cannabis, Center, compliance, compliant, Consolidated Reports of Condition and Income and other Federal Financial Institutions Examination Council, consumer, CRB, diligence, dispensary, Federal, FFIEC, FI, financial, financne, government, Green Check Verified, Growing, IDC, industry, institution, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medicial Marijuana, Operations, product, protect, protection, quality, regulation, Regulations, regulatory, report, Retail, revenue, scrutiny'due, stakeholder, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, weed, withdrawal
Have you ever been to the DMV, only to be turned away because you didn’t have the countless forms of identification needed? Sometimes it feels like no amount of ID or proof of residence is enough, whether it’s your 2nd grade report card or an electric bill from 25 years ago. That feeling is what […]
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September 13, 2022 blogger Business, cannabis, Colorado Department of Revenue, latest-headlines, marijuana, Marijuana Business, marijuana in Colorado, Marijuana legalization's legacy, marijuana sales, medical marijuana, Medicial Marijuana, More Business News, News, Retail, Stop Smoking Marijuana, Stop Smoking Pot, taxes, weed, withdrawal
July’s medical marijuana sales only reached a little over $18 million – the lowest number ever recorded since January 2014
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January 22, 2022 blogger Boston, crime, illegal marijuana operation, Massachusetts News, Medicial Marijuana, Stop Smoking Marijuana, Stop Smoking Pot, taxes, weed, withdrawal
Related Articles A 36-year-old Boston man will do time for illegal marijuana dealing and falsifying his taxes after failing to pay more than $150,000 in income taxes. Zachary Sweener, 36, was sentenced to three months in prison and three months of supervised release after pleading guilty to one count of conspiracy to distribute marijuana, one count […]
Boston, crime, illegal marijuana operation, Massachusetts News, Taxes