Filtered by tag "Medical Marijuana"

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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California Consumers’ Spending Up

  With a reported 8.9 million Californians aged 18 and older regularly using cannabis, the state’s adult-use market ought dwarf all other U.S. markets. As seen in other legalized programs, Eaze’s 2017 State of Cannabis Data Report found that monthly spending by cannabis consumers from 2016 to 2017 increased across all age groups, to averages […]
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California Cultivation and Manufacturing Licenses

  So far, cultivation licenses are primarily concentrated in Northern California, with the top five producing counties (Humboldt, Santa Barbara, Mendocino, Monterey, and Calaveras) accounting for 74% of 1,256 cultivation licenses issued; Humboldt County alone hosts 20% of that total. Yet, the licenses issued up to now fall far below the tens of thousands of […]
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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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Taxes & Fees Increase for California Cannabis

  When California opened its legalized adult-use market on January 1, some consumers were met with sticker shock. With new state and municipal taxes and fees being levied under the program, some Sonoma County consumers found themselves paying up to 42% more for products in 2018. In one example, 1/8 of an ounce of flower […]
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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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Oregon Product Sales Trends

  Oregon’s cannabis sales trends reflect a significant relative decline in demand for flower and pre-rolls, whereas concentrates/extracts have seen strong growth. From December 2016 to December 2017, market share for flowers dropped from 71% to 59% (minus 12%). During the same year-to-year period, demand for concentrates and extracts rose from 18% to 29% (plus […]
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