Posts by Josh LeBaron

U.S. Tax Court Declines to Issue Penalties in Harborside 280E Case

In a historic landmark decision that will save Harborside and the legal cannabis industry millions of dollars, the U.S. Tax Court has ruled that the California dispensary is not liable for accuracy-related 280E penalties. 280E is a tax code provision that denies all standard business deductions to businesses whose operations “consist” of activities that violate the Controlled Substances Act.

Link to story: http://bit.ly/2S2DxFD

A Game-Changing Marijuana Bill in Oregon Is Set to Challenge Federal Law

As reported by Salem, Oregon publication The Statesman Journal, via Marijuana Moment, Oregon is on the verge of introducing a game-changing bill that would allow the state to export its dried cannabis to other legalized states. Democratic Sen. Floyd Prozanski already has signaled his support for the proposal, which is being spearheaded by Adam Smith, the executive director of the Craft Cannabis Alliance.

If the bill were to become law, it would give Oregon’s wholesalers the ability to export cannabis to other states that have legalized the drug, such as neighboring Washington, California, and Nevada. However, it would strictly forbid the export of marijuana through states where the drug remains illegal, such as neighboring Idaho.

Link to story: http://bit.ly/2S5dei7

Are Cannabis Taxes Too Low? Some Economists Think So

As legalization gains momentum across North America, many officials in non-legal states are looking wistfully at their 420-friendly neighbors and wondering if they’re missing out on an opportunity to bring in millions of dollars in cannabis tax revenue. Link to story below: http://bit.ly/2Rvtjxn

5 Tips For Cannabis Brands To Creatively Overcome Marketing Challenges

Marketing your cannabis brand can be a bit of a challenge with federal and state rules as well as restrictive social media platform guidelines that all but ban brands. In addition to all of that, cannabis brands are constantly having to prove their legitimacy to naysayers and overall critics of the industry. As a group of hungry professionals who are no stranger to standing up to a big challenge, the cannabis industry itself must be innovative in its approaches so that it can responsibly market its brands to potential customers. Here are 5 ways you can creatively market your brand while overcoming some of the challenges that marketing cannabis brings with it as presented by Marijuana Retail Report. Link to story below: http://bit.ly/2Tvebx7