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Alaska Cannabis Businesses Owe Nearly $1.8M in Back Taxes

Cannabis Law Report

Alaska cannabis businesses owe nearly $1.8 By the end of June, Alaska cannabis businesses owed $1,785,751 in back taxes, and the state Marijuana Control Board has started shutting down the businesses for non-payment, the Anchorage Daily News reports. Ganjapreneur reports. Read more at [link].

Business 105
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Cannabis Is Helping Cultivate Jobs in More Than Dispensaries

Veriheal

Flowhub says, “Nearly $3 billion in retail cannabis taxes were collected in 2022.” There is a great amount of detail that goes into cultivating a successful crop of cannabis consistently. The post Cannabis Is Helping Cultivate Jobs in More Than Dispensaries appeared first on Cannabis Central.

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Why Legal Marijuana Does Not End The Illegal Market

MJ Business Attorneys

It is a scenario that frustrates legal cannabis businesses and law enforcement alike. In May of this year, authorities conducted what they describe as the largest collective marijuana bust in Colorado’s history, seizing over 80,000 plants and making 42 arrests. In 2018, California’s legal cannabis sales totaled $2.5

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Can Cannabis Businesses Be Insured?

Veriheal

Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 Gavin Kogan is the CEO of Grupo Flor, a licensed manufacturer, distributor, and cultivator of cannabis with five dispensary locations in California.

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Hemp and CBD Businesses Could Be Out in the Cold in Minnesota

Veriheal

The move has put many CBD and hemp-related companies across the state in a precarious position at a time when small businesses are barely hanging on as it is. Thanks to the 2018 Farm Bill, industrial hemp cultivation and processing is federally legal, though a few states have chosen to ban or not regulate the crop and its derivatives.

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Cannabis Cultivation: 9 Advice Points No One Will Tell You

Otherside Farms

Cannabis cultivation has emerged as one of the fastest growing industries in the world. Whether you’re cultivating for personal recreational use, medicinal purposes, or for a business endeavor like a dispensary, growing weed is more popular than ever. The Art of Cannabis Cultivation.

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Cannabis Business NAICS & Business Activity Codes

Greenspoon Marder Cannabis Law Group Blog

Around tax time, I get this question a lot: “What is my cannabis business’s NAICS code or Business Activity Code?” It’s used by Federal statistical agencies for the collection and analysis of statistical data related to our economy. 115112 – Soil Preparation, Planting, and Cultivating.