Year: 2021

Documents reveal how IRS became more adept at evaluating marijuana company taxes

The Internal Revenue Service has been scrutinizing the books and records of marijuana companies for more than a decade, ordering business owners to hand over tens of millions of dollars in unpaid taxes. Documents reveal how IRS became more adept at evaluating marijuana company taxes is a post from: Marijuana Business Daily: Financial, Legal & […]

Newly released IRS documents detail effort to collect taxes from marijuana companies under 280E

The Internal Revenue Service has been fixated on the state-legal marijuana industry for more than a decade, largely because it’s been extremely lucrative for the federal agency to audit cannabis companies. Newly released IRS documents detail effort to collect taxes from marijuana companies under 280E is a post from: Marijuana Business Daily: Financial, Legal & […]

Sometimes I get high and wonder whether 2 Chainz ever got his Bentley truck

Sometimes I get high is a series about the activities you do or things you think about when you’re high, in deep detail, for the fun of it.  It was Saturday afternoon, and I was freshly stoned off of several dabs while my apartment was a mess. I knew I had to clean, but being high […]

4 weed products journalist Madison Margolin can’t live without

Madison Margolin is the co-founder and managing editor of DoubleBlind, the biannual print magazine and digital media outfit that’s taking the psychedelics movement by storm. Before starting the magazine, she and co-founder Shelby Hartman were both prolific cannabis journalists. Though many will be most familiar with Margolin’s cannabis coverage in a wide range of publications […]

Georgia lawmakers pass bill to open 30 medical marijuana oil dispensaries

Legislators in Georgia passed a bill that could pave the way for up to 30 medical marijuana oil dispensaries to open in the state, although the law is still awaiting approval from Republican Gov. Brian Kemp. Senate Bill 195 passed through Georgia’s Senate by a vote of 43-9 and through the House by 164-2 before […]

Subleasing likely to provide a path for out-of-state companies into Arizona’s recreational cannabis market

With the January launch of Arizona’s adult-use marijuana market, insiders predict strong growth in the number of out-of-state companies using a backdoor method to enter the burgeoning recreational industry there: subleasing space in large cultivation or manufacturing facilities. The practice will allow out-of-state brands – and, to a lesser extent, Arizona marijuana startups – to […]

Marijuana Business Factbook projects nearly $45B US market by 2025

The U.S. recreational and medical marijuana markets are on a trajectory to reach up to $45.9 billion in annual sales by 2025, or as much as twice the level of sales projected for this year, according to the newly released 2021 Marijuana Business Factbook. U.S. adult-use and medical cannabis sales in 2021 are expected to […]

Here’s how much legal cannabis is being sold in Canada’s biggest cities

Toronto might boast the most legal cannabis sales of any Canadian city, but its residents lag far behind those in Calgary and even Quebec City when it comes to per-capita spending on recreational products. Data from Canada’s federal statisticians offers early insights into how much legal cannabis is being sold in some of the country’s […]