How to Apply for Dispensary License in New York
The cannabis industry is expanding, with New York cannabis license availability just on the horizon. As cannabis becomes more widely accepted and legalized throughout states, consumers see more variety in products and brands. While many people believe that marijuana is a dangerous substance that needs to be strictly regulated, statistics show otherwise. With this being […]
What Cannabis Businesses Can Learn About Section 280E
Opening and running a cannabis business in one of the legal states involves a unique set of obstacles and challenges. As any cannabis business owner knows, the ever-changing tapestry of cannabis laws can make it hard to stabilize the finances. There is a constant stream of new requirements for packaging, labeling, location, production, and now […]
How to Restructure Your Cannabis Business as More States Legalize
The cannabis business is currently caught in an interesting dance of legality and opportunity. On one hand, it is still considered illegal according to federal law. However, on the other hand, a constantly growing number of states are legalizing it locally. Those states that legalized early have already seen a thriving new cannabis industry rise […]
8 Things You Need to Know About Doing Taxes for Your Cannabis Business
It’s common among the cannabis industry to hear stories of business owners getting hit with a crushing tax bill or an IRS audit. The industry has expanded quickly with legalization in individual states and the questions of tax implications arise among industry stakeholders – more so business owners. However, with an in-depth knowledge of key […]
4 Banking Strategies for a Cannabis Company
In effect, the memo protected legal cannabis states from the federal cannabis ban. This is one reason certain banks won’t touch cannabis money – because cannabis is still illegal at the federal level.