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Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%

A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for products like candy and soda, as well as services such as pet care and grooming, but most importantly, adding a 100% tax to CBD

2024-03-26T10:16:09+00:00March 26th, 2024|Cannabis, Feed|Comments Off on Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%

2024 U.S. Cannabis Sales Projected To Exceed $31 Billion

Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research.  The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and adult-use cannabis will total $31.4

2024-03-26T10:16:10+00:00March 26th, 2024|Cannabis, Feed|Comments Off on 2024 U.S. Cannabis Sales Projected To Exceed $31 Billion

Monarch: Your Cannabis Tax Ally

For newly legal cannabis companies, tax compliance often feels like wandering through a dense jungle filled with pitfalls. Complex regulations, high tax rates, and the IRS 280E provision result in maze-like accounting needs. Without the right guidance, missteps can lead to major fines, lawsuits, or even the closure of your cannabis business. Fortunately, with the

2024-03-25T16:12:01+00:00March 25th, 2024|Cannabis, Technology|Comments Off on Monarch: Your Cannabis Tax Ally

Former Mayor, Assemblyman Opens New Jersey Dispensary

Former Medford, New Jersey mayor and former New Jersey General Assemblyman Scott Rudder is opening a dispensary in Riverside in his home state. Riverside, a suburb in the greater Philadelphia-Camden area, is a prime location for growth in the cannabis sector. Rudder, who is Republican, founded the New Jersey CannaBusiness Association in 2016, a leading

2024-03-25T10:16:11+00:00March 25th, 2024|Cannabis, Feed|Comments Off on Former Mayor, Assemblyman Opens New Jersey Dispensary

False Dosage Labels on 96% of Tested Amazon Hemp Products, Many With No Hemp or CBD

In the midst of blossoming cannabis and CBD reform throughout the West, hemp-derived cannabinoid products are increasingly taking center stage as legislators continue to raise red flags surrounding the lack of regulation and intoxicating potential of these products. Just in the past several months, a number of states have moved to introduce new policies to

2024-03-25T10:16:11+00:00March 25th, 2024|Cannabis, Feed|Comments Off on False Dosage Labels on 96% of Tested Amazon Hemp Products, Many With No Hemp or CBD

Germany Approves Cannabis Reform Plan: Possession Legal April 1

The German government last week adopted a bill to end the prohibition of cannabis for adults that will make possession and home cultivation of weed legal in Europe’s most populous nation as of April 1. The legislation, which also allows for the establishment of cannabis clubs, was given final approval on Friday in the Bundesrat,

2024-03-25T10:16:12+00:00March 25th, 2024|Cannabis, Feed|Comments Off on Germany Approves Cannabis Reform Plan: Possession Legal April 1

Navigating Compliance Challenges in Cannabis: The Impact of Debit Network Shutdown

Imagine this: You've spent the day meticulously tending to your cannabis business, assured in knowing that your customers' transactions are as seamless as possible. But then, everything grinds to a halt. Your debit network shuts down, abruptly disrupting your cash flow and customer service. With this image in mind, let’s delve into the nuances of

2024-03-22T16:31:43+00:00March 22nd, 2024|Cannabis, payments|Comments Off on Navigating Compliance Challenges in Cannabis: The Impact of Debit Network Shutdown

SoCal City, Costa Mesa, Officials Consider Sweeping New Rules for Dispensaries

In an “hours-long discussion,” the officials on a Costa Mesa panel considered various ways of amending the city’s laws governing legal cannabis shops. Those laws “have engendered complaints from neighbors and proprietors alike,” according to the Los Angeles Times, which said that Tuesday’s meeting “ended with a flurry of motions from City Council members that,

2024-03-22T10:16:11+00:00March 22nd, 2024|Cannabis, Feed|Comments Off on SoCal City, Costa Mesa, Officials Consider Sweeping New Rules for Dispensaries

State Attorneys General Ask Congress To Regulate Intoxicating Hemp Products

Nearly two dozen attorneys general from across the country wrote a letter to congressional leaders this week, urging them to enact legislation to federally regulate intoxicating hemp products. In the letter, the top law enforcement official from 21 states wrote that the legalization of hemp with the 2018 Farm Bill has resulted in “the proliferation

2024-03-22T10:16:12+00:00March 22nd, 2024|Cannabis, Feed|Comments Off on State Attorneys General Ask Congress To Regulate Intoxicating Hemp Products

Report Reveals Europe’s Cannabis and Cocaine Capitals, Dutch Cities Reign Supreme

A new report reveals the cities in Europe with the highest concentrations of cannabis and cocaine use, based on sewage surveys. Perhaps unsurprisingly, Dutch cities including Amsterdam and Rotterdam took home some of the top spots for the cities with the highest concentrations of cocaine and cannabis use, respectively, and ranked high in several other

2024-03-21T10:16:12+00:00March 21st, 2024|Cannabis, Feed|Comments Off on Report Reveals Europe’s Cannabis and Cocaine Capitals, Dutch Cities Reign Supreme
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