Blog Posts in Marijuana

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Cannabis Tax Hike Worries California Business Owners January 6, 2020
In November, California officials announced that taxes for cannabis excise and cultivation will increase next year. The excise tax will increase from 60% to 80% on New Year’s Day, while cultivation ...
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Cannabis Sales Increase Up to 53% Before Christmas December 31, 2019
According to data from the Seattle-based cannabis analytics firm Headset , recreational cannabis products increased by a range of 11% to 53% in 2018 during the pre-Christmas week when compared to ...
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House of Representatives Expected to Vote on Landmark Cannabis Banking Bill September 20, 2019
A new measure that would allow banks to serve business owners in the cannabis industry might finally be put to vote in the U.S. House of Representatives this month. If approved, cannabis businesses ...
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California Marijuana Retailers Can Now Use Cash Deposits at Banks June 19, 2019
The California Senate unanimously passed a bill that will start letting banks and credit unions accept cash deposits from marijuana retailers. The bill passed with a 35-1 vote. Under SB-51 , banks can ...
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More Marijuana Businesses Are Leaving California Due to Business Regulations June 13, 2019
Since 2018, thousands of marijuana businesses have closed shop and left California as the state shifts into the legal marijuana market. As a result, California has become one of the most highly ...
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Bill to Lower Taxes on Marijuana Products in California Fails to Pass May 30, 2019
A bill designed to help licensed marijuana retailers compete with the illegal market is likely to fail in the California Legislature this year. The proposed bill would have temporarily lowered taxes ...
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