SACRAMENTO, Jan. 17, 2018 /Weed Wire/ – The California Department of Tax and Fee Administration (CDTFA) has produced a three-part video series to help individuals who operate cannabis-based businesses learn about their tax responsibilities.
Tag Archives: Distributors
Mexico will legalize sales of marijuana-based medicines, foods, drinks, cosmetics and other products early next year, its health regulator said on Wednesday, bringing some forms of cannabis into legal commerce even as the country struggles with the illicit drug trade.
The Golden State may have just launched its online licensing system for California commercial cannabis licenses, but the Bureau of Cannabis Control is moving quickly to meet the legalization rollout date of Jan. 1, 2018, and has already chosen its first round of licensee recipients.
SACRAMENTO, Dec. 14, 2017 /Weed Wire/ — The Bureau of Cannabis Control (Bureau) today issued the first group of commercial cannabis temporary licenses for retailers, distributors, microbusinesses and testing laboratories via its online licensing system.
With the Golden State poised to become the largest cannabis market in the world, California cannabis licenses are going to be a hot commodity and the rush to obtain them is already underway.
Say hello to the very first marijuana ETF for the U.S. As reported by CNBC, on Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF.
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.
On Oct. 3, 2017, the Nevada Supreme Court heard oral arguments regarding a dispute over the distribution rights of recreational marijuana in the state of Nevada. The case is the culmination of months of back and forth between the state’s Department of Taxation and the Independent Alcohol Distributors of Nevada.
SACRAMENTO, Calif., Sept. 19, 2017 /Weed Wire/ — The Bureau of Cannabis Control (Bureau) will hold a public workshop in Fresno to receive comments regarding the recent release of its California Environmental Quality Act (CEQA) Initial Study and Proposed Negative Declaration (IS/ND) for its regulatory licensing and enforcement program (Proposed Program) for commercial cannabis distributors, retailers, testing laboratories and microbusinesses.
The ongoing drama over who can distribute recreational marijuana in the state of Nevada is now heading before the Nevada Supreme Court.
SACRAMENTO, Calif., Sept. 15, 2017 /Weed Wire/ — The Bureau of Cannabis Control (Bureau) will hold a public workshop in Long Beach to receive comments regarding the recent release of its California Environmental Quality Act (CEQA) Initial Study and Proposed Negative Declaration (IS/ND) for its regulatory licensing and enforcement program (Proposed Program) for commercial cannabis distributors, retailers, testing laboratories and microbusinesses.
On Aug. 29, 20017, the Nevada Tax Commission rejected an appeal from the state’s alcohol distributors to restore its exclusive rights to recreational cannabis distribution.
Nevada recreational cannabis sales have declined by approximately 20-30% since first launching in July of this year, according to a report published by the Nevada Department of Taxation and obtained by the Reno Gazette-Journal.
On Aug. 17, 2017, Nevada District Judge James Todd Russell lifted a temporary restraining order against the Nevada Department of Taxation that prevented the department from issuing recreational marijuana distribution licenses to businesses other than licensed alcohol distributors.
On Aug. 10, 2017, the Nevada Department of Taxation determined that there is an insufficient number of alcohol distributors applying for recreational marijuana distribution licenses, paving the way for other players within the marijuana industry to participate.
Recreational marijuana is now legal in Nevada — but the rollout isn’t exactly going according to plan. Marijuana producers are allowed to take every step involved in bringing cannabis from the soil to the store, except for one: distribution. That means vertically integrated companies have to hire third-party distributors just to move marijuana down their own hallway.
Marijuana companies could actually help the communities that host them. And we’re not just talking about tax revenue. Legal marijuana distributors and dispensaries can – and likely will – directly improve the quality of life in the communities that they serve.
Tourists and locals alike flocked to Nevada dispensaries after the state greenlit the sale of recreational marijuana, but less than two weeks later dispensaries across the state are facing a major problem: a lack of marijuana. On July 13, 2017, an emergency regulation was approved in an effort to solve the Nevada marijuana shortage and keep businesses open.
Arkansas will soon begin taking applications from those who hope to grow and dispense medical marijuana, though the state’s strong religious heritage and restrictions imposed by the Legislature will limit where greenhouses and distributors can operate.
The early sale of recreational marijuana in the state of Nevada is in danger of being delayed. On May 30, 2017, a Nevada district court judge issued a temporary restraining order that prevents the Department of Taxation from issuing marijuana distribution licenses.
On Jan. 6, 2016, MassRoots (OTCQB: MSRT) announced that it will be featured in the History channel’s documentary, “The Marijuana Revolution,” premiering on Jan. 11, 2016, at 9 p.m. EST.
Marijuana stocks come in two flavors. Companies using marijuana to derive compounds that can be turned into FDA-approved drugs to treat specific diseases — GW Pharmaceuticals (NASDAQ: GWPH) and Insys (NASDAQ: INSY).