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January 21 2021: Marijuana + Mushroom Stocks | Technical Analysis

January 21 2021: Marijuana + Mushroom Stocks | Technical Analysis

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PreviousNDLEA seizes 11 tons of cannabis in Lagos
NextJanuary 21 2021: President Joe Biden Selects a Cannabis Advocate to Head the DNC

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Latest Cannabis Tax News

California: Santa Barbara County’s cannabis tax revenue continues to rise

California: Santa Barbara County’s cannabis tax revenue continues to rise

The Lompoc Record writes.. The trend of increasing revenues from cannabis taxes is continuing in Santa Barbara County, according to a second quarter report to be delivered Tuesday to the…

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Michigan: distributes first $10 million from recreational marijuana taxes to municipalities

Michigan: distributes first $10 million from recreational marijuana taxes to municipalities

State officials are releasing nearly $10 million for more than 100 municipalities across the state that have allowed recreational marijuana dispensaries and microbusinesses. It’s the first tax revenue being distributed…

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Illinois City Using Cannabis Taxes to Fund Reparations

Illinois City Using Cannabis Taxes to Fund Reparations

Ganjapreneur reports… Evanston, Illinois is ready to start sending $25,000 reparation payments to help Black residents afford housing in the north Chicago neighborhood. The payments will be funded by a…

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The IRS wins again… and again – CannaBlog by Jim Marty, CEO and Founder and Nathan Panning, CPA

The IRS wins again… and again – CannaBlog by Jim Marty, CEO and Founder and Nathan Panning, CPA

Here’s the introduction to their piece…. When it comes to Code Section 280E, the Internal Revenue Service (IRS) continues its unbeaten streak in U.S. Tax Court.  In the recent case,…

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Canada Revenue Agency has fined cannabis firms CA$1.3 million since adult-use market launch

Canada Revenue Agency has fined cannabis firms CA$1.3 million since adult-use market launch

Interesting report from MJ Biz .. the number looks very small to us, but be that as it may. The Canada Revenue Agency (CRA) has issued cannabis-related fines totaling 1.3…

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IRS Chief Says Agency Would ‘Prefer’ If Marijuana Businesses Could Pay Taxes Electronically

IRS Chief Says Agency Would ‘Prefer’ If Marijuana Businesses Could Pay Taxes Electronically

Marijuana Moment reports The head of the Internal Revenue Service (IRS) told Congress this week that the federal agency would “prefer” for state-legal marijuana businesses to be able to pay…

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“It’s going to be a turkey shoot”……California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

“It’s going to be a turkey shoot”……California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

Mj Biz Report   Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting…

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Daria Nagel – Cannabis CPA: Marijuana Dispensary Profit Margin

Daria Nagel – Cannabis CPA:  Marijuana Dispensary Profit Margin

You are considering to open up a dispensary and are trying to figure out your future profits. Congratulations on this big decision! In this article I will explain a couple…

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New Mexico cannabis producer seeks $583K tax refund

New Mexico cannabis producer seeks $583K tax refund

The Santa Fe New Mexican reports……A medical cannabis producer has filed a lawsuit attempting to force the Department of Taxation and Revenue to comply with a year-old New Mexico Court…

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Article: Does New York’s Cannabis Tax Idea Offer a Glimpse of the Future?

Article: Does New York’s Cannabis Tax Idea Offer a Glimpse of the Future?

February 9, 2021 Like many states, New York is debating cannabis legalization, which means lawmakers must figure out how to tax cannabis sales. Last month, Gov. Andrew Cuomo proposed a…

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