Every year, the IRS collects billions of dollars from cannabis business owners. If cannabis were federally legal and taxed, then federal tax revenue from cannabis commerce could rise to $18 billion a year. This significant speculative increase in federal tax revenue would be in spite...

The allure of the cannabis business has cast its net long and wide over the entire nation. Some states are already seeing the revenue generated from marijuana sales reach into the billions. Still, banking within the cannabis industry remains a prickly issue. Despite a glimmer...

Those who are thinking about entering the cannabis industry often have questions about how California taxes the production, storage and sale of the popular drug. Fortunately, California Department of Tax and Fee Administration (CDTFA) provides an in-depth guide on what is eligible to be taxed...

This article first appeared in Cannabis Now   Taxation’s War on Cannabis A recent U.S. 9th Circuit Court of Appeals case could have a significant impact on the federal taxation of cannabis businesses, in particular IRC §280E issues. By Kenneth Ford Published on February 5, 2021 Harborside, a California cannabis...

With recreational cannabis becoming legal in Oregon in 2016, many analysts predicted the tax revenue generated from its sale to be substantial. They were right. Oregon recently posted its 2019 cannabis tax revenue and the numbers have hit record highs. Each year since cannabis has become...

Despite legalization in 2017, California is currently entrenched in an ongoing war with the illicit cannabis market. To that end, the state’s central tax collection agency served a dozen tax warrants to illegal marijuana sellers in Southern California in recent weeks. California Rakes In $1 Million...

Last Thursday, the White House announced it is launching a multimillion-dollar ad campaign intending to warn young people about the dangers of opioid abuse and curb opioid addiction. It is part of the anti-opioid initiative President Trump announced in March of this year, following his...

Cannabis is big business, not only for industry participants, but also for the states and local jurisdictions where marijuana has been legalized and regulated through the levy and collection of excise and other taxes. A report from New Frontier Data, a cannabis-neutral policy and business...

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