Part 1 of this 2-part series on Cannabis and Hemp examined the growth of psychoactive hemp and how it has put an additional burden on an already beleaguered cannabis industry. In Part 2, 420CPA looks at the cannabis industry’s attempts to force the genie back into the bottle. Reprinted with the permission of Beard Bros. Legal Cannabis Pushes Back on Psychoactive Hemp Loophole While some cannabis operators embrace psychoactive hemp to capture new market share, others are pushing back against hemp’s lack of restrictions and view it as a loophole. Hemp-derived THC has been banned by Arkansas ..read more

Reprinted with permission of Bloomberg Tax The Drug Enforcement Administration recommended that cannabis be transferred from its status as a Schedule I controlled substance to Schedule III under the Controlled Substances Act. This means cannabis has been found to have accepted medical use and low potential for abuse. When this process is complete, the cannabis industry’s federal tax burden under Internal Revenue Code Section 280E would significantly decrease. This decision also has important implications for banking and interstate commerce. Because the DEA is conductin ..read more

U.S. cannabis is headed for uncharted territory. With the news that the Drug Enforcement Agency is recommending that cannabis be transferred from Schedule I to Schedule III in the Controlled Substances Act, tremendous tax consequences are about to be unleashed, with further implications for banking and interstate commerce down the line. But this transfer won’t happen overnight, and we may have a bumpy ride ahead of us before it comes about. So, let’s take a realistic look at the timeline and prepare for possible surprises.  After all, we’re talking about mixing cannabis, government r ..read more

In Part 1 of this 2-part series on Cannabis and Hemp, 420CPA looks at the growth of psychoactive hemp and how it has put an additional burden on an already beleaguered cannabis industry. Part 2 examines the cannabis industry’s attempts to force the genie back into the bottle. Reprinted with the permission of Beard Bros. I have yet to see any problem, however complicated, which, when looked at in the right way, did not become still more complicated. Legal Cannabis Beset by Challenges as Psychoactive Hemp Gains Ground The above quote, attributed to the prolific science fiction author Poul ..read more

The post Benzinga FL 2024 — Dr. David Cunic, CEO of UCS Advisors first appeared on 420CPA ..read more

The post Benzinga FL 2024 — Matt Karnes, Founder of GreenWave Advisors first appeared on 420CPA ..read more

The post Benzinga FL 2024 — Trina C. Ragsdale, Founder & CEO of Jane’s Joint Boutique Dispensary first appeared on 420CPA ..read more

In this 2-part series, we investigate the possible legalization of adult use cannabis in Pennsylvania. Part 1 examines the two bills being currently debated by the state legislature and compares the fees, taxes, and social equity aspects of each. Part 2 investigates the concerns and controversy surrounding each bill and tries to answer the question: How close is adult use legalization in Pennsylvania? Two Competing Visions of Adult Use Cannabis in Pennsylvania In Part 1 of this series, we delved into the two competing visions for adult use cannabis in Pennsylvania, embodied in House Bill ..read more

In this 2-part series, we investigate the possible legalization of adult use cannabis in Pennsylvania. Part 1 examines the two bills being currently debated by the state legislature and compares the fees, taxes, and social equity aspects of each. Part 2 investigates the concerns and controversy surrounding each bill and tries to answer the question: How close is adult use legalization in Pennsylvania? Part 1 — The Governor Calls for Adult Use Cannabis in Pennsylvania When “Colonel” Edwin Drake moved to Titusville, Pennsylvania in 1857 and began searching for oil, many of the local people ..read more

The post Benzinga Chicago 2023 — Jason Raznick, CEO of Benzinga first appeared on 420CPA ..read more