A Republican senator from a state where marijuana is legal is pushing this week to give cannabis businesses a measure of tax fairness.
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In this Cal Can Biz Expo interview, watch Kristen Fox, Editor-in-Chief of MJINews.com and Marijuana Industry News magazine, interview Jordan Gerber, President of MJIC Capital.
Can a taxpayer who sells medical marijuana which is subject to the IRC §280E disallowance rules also be engaged in another business not subject to IRC §280E?
On May 3, 2016, Congressman Earl Blumenauer, D-Ore., will be in San Francisco to host an event on the the state of cannabis reform in California and across the country.
On April 27, 2016, LivWell Enlightened Health, a state-legal cannabis company in Colorado, announced that it had a record-breaking sales day on April 20, with its 14 dispensary locations collectively assisting almost 5,000 customers in a single day.
Any discussion about investment risks in the cannabis industry must, of course, start with the fact that cannabis is federally illegal.
The National Cannabis Industry Association, a national trade group, is expanding its advocacy efforts on Capitol Hill to address the industry’s top federal priorities—access to basic banking services and fair federal taxation.
Why talk about due diligence? Two words: Bernie Madoff. So what does Bernie Madoff have to do with investing in cannabis? Everything!
Washington, D.C., July 28, 2015 /Weed Wire/ — With the legal marijuana business valued at nearly $3 billion nationwide and growing, the industry’s national trade group – the National Cannabis Industry Association (NCIA) – is expanding its advocacy team on Capitol Hill. NCIA has partnered with D.C.-based public affairs firms Heather Podesta + Partners and Jochum Shore & Trossevin PC to magnify its efforts to address the industry’s top federal priorities – access to basic banking services and fair federal taxation.
The marijuana industry faces obstacles that other legal businesses do not have to overcome, including federal taxes. Bruce Nassau, a dispensary owner in Colorado, suffered the consequences of not being able to receive tax deductions.
WASHINGTON, D.C., April 17, 2015 /Weed Wire/ – U.S. Representative Earl Blumenauer (D-OR) and Senator Ron Wyden (D-OR) have introduced the Small Business Tax Equity Act of 2015 in both the House and the Senate.