Federal law prohibits legal cannabis companies from writing off business expenses like advertising and rent, so entrepreneurs in the industry need to be frugal and effective with the money they spend. Here, CEOs and cannabis executives share their advice on using social media to reach customers, suppliers, investors and the press. Popular cannabis-focused Twitter accounts and Facebook groups boasting hundreds of thousands of followers show that social media is a target-rich environment for marijuana company messaging.
While prospective California cannabis businesses were notified recently by the Department of Tax and Fee Administration that they need to go ahead and register with the CDTFA for a seller’s permit, there are seven additional things California cannabis businesses need to know about tax rates and registration.
In an effort to increase racial diversity in the state’s medical cannabis industry, the Maryland Legislative Black Caucus has announced plans to introduce a bill during the next legislative session that would award additional medical cannabis licenses to businesses owned by African-Americans.
Patients in the state of New York suffering from post-traumatic stress disorder will now be able to use medical cannabis to treat PTSD.