Filtered by tag "Marijuana Industry"

A California Tax Guide for Cannabis Businesses – Considering the Effects

By Eddie Delgado, CMI & Hannah Kim, CPA What We Have Learned: The California Growers Association calls taxes “the single greatest barrier to entry” and cites them for propping up the illicit market, “preventing compliance from good-faith operations, and contributing to price increases for patients and consumers.” Besides 29 states and the District of Columbia […]
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The Tax Cuts and Jobs Act: Key Considerations for Cannabis Businesses

By Mary Amato, CPA, Partner The Tax Cuts and Jobs Act (“the Act”), signed by President Trump on December 22, 2017, is the most sweeping update to the tax code since 1986. While technical corrections and interpretive guidance issued by the IRS are forthcoming, taxpayers must understand which provisions will affect them and how. Cannabis […]
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Cannabis – Tax Guide For Cannabis: What You Need To Know And How It Will Affect California

By Eddie Delgado, CMI & Hannah Kim, CPA Besides 29 states and the District of Columbia that have legalized marijuana for medical use, there are currently nine states that have also legalized marijuana for recreational purposes.  Nearly every poll shows most Americans approve of the legalization of marijuana and governors are becoming dependent on the […]
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Lessons from California, Part 3: Growing and Supply Challenges

By J.J. McCoy, Senior Managing Editor for New Frontier Data [Editor’s note: This is the third of a three-part blog series about the first month of California’s legalized adult-use cannabis market.] Having addressed issues for retailers and then licensing and compliance concerns which arose during January and the genesis of California’s adult-use cannabis market, we now […]
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Lessons from California, Part 2: Licensing and Compliance Issues

By J.J. McCoy, Senior Managing Editor for New Frontier Data [Editor’s note: This is the second of a three-part blog series about the first month of California’s legalized adult-use cannabis market.] Having addressed issues for retailers in California’s new adult use market,  now we recognize the haphazard dance between state regulators and their would-be suitors for […]
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Businesses and Individuals are asking, “What does the New Tax Law mean to me?”

By Mary Amato, CPA, Partner We have not seen a reform to the tax code as sweeping as the TCJA (Tax Cuts and Jobs Act of 2017) since 1986.  As with the reform then, there are sure to be technical corrections to the new law and interpretive guidance to be issued by the Internal Revenue […]
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In California’s First Month, Cannabis Selling Like ‘French Fries’

By J.J. McCoy, Senior Managing Editor for New Frontier Data [Editor’s note: This is the first of a three-part blog series about the first month of California’s legalized adult-use cannabis market.] January 1 represented a watershed for cannabis reform in the United States, as California (the country’s most populous state, representing the world’s sixth-largest economy) opened […]
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Uh-Oregon: A Cautionary Reminder About Rushing Out West

By J.J. McCoy, Senior Managing Editor for New Frontier Data As the cannabis industry makes its first, long-anticipated forays into completely open Pacific Coast legalized markets, the initial lessons of 2018 are being observed just months before the entire northern U.S. border feels the effects of Canada’s nationwide adult-use programs opening come July. One such example […]
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Know the Risks: Valuations in the Cannabis Marketplace

By Andrew Lines, MAI, Principal Valuations within the growing cannabis industry don’t always seem to be consistent with operator or investor expectations; this can be due to lack of available transaction data, or misinterpretation of perceived risks – CohnReznick’s Valuation Advisory group can help identify how these risks should be quantified. With regards to Real […]
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Turning Over a New Cannabis Leaf in New York?

By J.J. McCoy, Senior Managing Editor for New Frontier Data It has been some time coming for New York’s state of mind to open up to the medical and market potentials for cannabis, but the nation’s third-largest population (and the financial and cultural crucibles within the country’s largest city) now seems poised to participate in earnest. […]
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