Posts by Josh LeBaron
Cannabis business takeaways for week ending Jan. 11
Click the link in below for 5 takeaways from the past week in the world of cannabis as provided by Marijuana Business Daily.
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
2019 Will Be a Banner Year for Cannabis Mergers and Acquisitions
As legalization kicked into high gear in 2018, many small companies were gobbled up. Read why one law firm feels 2019 will be full of merger and acquisitions in the cannabis industry. Link to story below: http://bit.ly/2Rb7e7Z
Opportunities & challenges cannabis entrepreneurs face in 2019
Kick off 2019 with these insights from Marijuana Business Daily. Marijuana professionals will have an abundance of business opportunities, questions and challenges on their radar in 2019. What follows is an overview of nine of the most important. Link to story: http://bit.ly/2AxbdRV
2018 in Cannabis Reform: How Much Did Things Change This Year?
A look back at cannabis legislation and policy-making in 2018, and what this year’s progress means for the future as reported by Cannabis Dispensary Magazine. Link to story below: http://bit.ly/2RpyA9L
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
Cory Gardner will try to pass marijuana banking, other reforms in the Senate next week
Marijuana businesses across the country are anxiously awaiting a move by Sen. Cory Gardner, R-Colorado, next week that could completely transform the way they do business. Link to story below: https://dpo.st/2Rb2ejv
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
Farm Bill agreement allows nationwide hemp cultivation for any use – including CBD
A long-awaited end to five decades of hemp prohibition has been approved by a House-Senate panel, potentially opening the door to hemp production in all 50 states for any use – including CBD. Link to story below: http://bit.ly/2Fa0n89