Filtered by tag "Marijuana Industry"

Trying to Perfect the Industrial Hemp Farming Act of 2017

By Hoban Law Group’s Hemp Practice Group co-chairs Matthew Smith, David Bush, and Patrick Goggin, assisted by counsel Garrett Graff What We Have Learned: The better the clarity of better-detailed definitions, the more that farmers and investors will become comfortable in developing what has the potential for an immensely prosperous and expansive industry.   October […]
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Cannabis Industry’s Sexual and Racial Diversity See Decreased Risks of Harassment at Large

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: In the summer of 2017, a joint study by New Frontier Data and Women Grow found that women’s involvement and responsibility through roles of industry leadership demonstrably make a difference regarding sexual harassment. We live in uncertain times. Yet, New Frontier Data […]
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Maine’s Adult Use Market Stalled by LePage’s Broken Campaign Pledge

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: At the start of November 2017, Maine Republican Governor Paul LePage vetoed the state’s pending bill to establish rules for implementation of an adult use cannabis program. Maine’s governor ignored his own 2014 re-election campaign pledge, and subsequently introduced political and practical uncertainty into […]
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Cannabis Businesses’ Bane of 280E

By Michael Harlow, CPA, Partner What We Have Learned: Ancillary, non-plant-touching businesses in the industry enjoy a variety of federal and state tax opportunities and incentives often not utilized to maximum benefits. To quote Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes,” and people in the cannabis […]
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Cannabis Week Revealed Some Major Market Trends

By John Kagia, EVP of Industry Analytics of New Frontier Data What We Have Learned:  Despite Las Vegas’ legendary slogan, November 2017’s Marijuana Business Conference and Expo (MJBizCon) left plenty of folks talking about 2017 as a watershed for when the cannabis industry first matured. Along with about 18,000 attendees and some 700 exhibitors, industry professionals, Wall Street […]
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What Proposed Tax Cuts Mean for Cannabis: Only a Bill?

By Selvan Boominathan, JD, LLM What We Learned:  A December 2017 review of the proposed Republican tax cuts suggested how politicians would not touch 280E, but still help the legal cannabis industry. In a prior post, we discussed how federal income tax applies to cannabis businesses and the huge burden imposed by Section 280E.  You […]
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Cost Segregation and Benefits for Real Estate Investors

What We Learned: Operators owning property types which have a tax basis of at least $1 million, and that are subject to depreciation, can qualify for a cost segregation study (CSS). By Derek Weaver, Senior Manager As discussed in December 2017, 280E continues to be a major problem for plant-touching businesses. However, there are several […]
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Alaska Debates Whether to Allow Onsite Consumption

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Learned: Especially with Alaska’s indoor culture, the popularity of social clubs would seem promising. Were Santa to try and find some medical cannabis to help treat his lower back after completion of his Christmas rounds, a dispensary in Denali, Alaska, would be the closest […]
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Hemp & CBD: Expo West 2018 Highlights!

By Yona Torres, New Frontier Data Contributing Editor “This is the year that CBD arrived,” proclaimed Sean Murphy, Director of Hemp Analytics for New Frontier Data. It was Standing Room Only at the Natural Products Expo West 2018,where CBD took center stage stemming from new products-excitement. Much of the action in CBD has been from […]
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Jeff Sessions Rescinds the Cole Memo, Raising Concerns With Tough Talk but No More Resources to Prosecute

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Two months after rescinding the Cole Memo, Jeff Sessions said that federal law enforcement lacked resources to really change its policy. In a three-paragraph memo released in January, U.S. Attorney General Jeff Sessions rescinded several Obama-era directives which since 2013 had discouraged […]
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