Colorado Marijuana Sales Stay Consistent from Q4 to Q1

By |July 21st, 2017|

Marijuana sales Q4 FY2016 to Q1 FY2017
Colorado has recently reported $500,000,000 in tax revenue collected since 2014. That equates to $17,241,379,310 in marijuana sales. This has investors and potential owners drooling. We have calculated the quarterly sales between quarter four of fiscal year 2016 as well as quarter one of fiscal year 2017 from the […]

Robert DeLeo Suspends Negotiations on Massachusetts’ Recreational

By |July 6th, 2017|

There is a recent announcement of suspension of negotiations for recreational marijuana rules in Massachusetts. Robert Deleo announced this suspension on Wednesday, July 6th. The Massachusetts House lawmakers are looking to repeal the voter approved initiative and replace it with a much more restrictive version. However, the State Senate looks to only make a few […]

Colorado Attorney General Works with DEA on Toker Poker Bust

By |June 28th, 2017|

Today in Denver Colorado the Attorney General Cynthea Coffman did exactly what Colorado marijuana business owners don’t want to see. She and several law enforcement divisions throughout Colorado colluded with the DEA. They worked together  to serve up the so called “Toker Poker” bust. This bust wasn’t just in Colorado. The accused are from several […]

Tax Check List

By |March 31st, 2017|

As December 31 fades in the rearview mirror and another year appears in the headlights, it’s time to think ahead to 2017 Tax Season. The Tax Man will be here sooner than you think.

While reviewing year-end financials, keep these things in mind:
Cash
Count your cash

When thinking of the cannabis industry, one thinks of cash. And lots of it, […]

The Tax Man Cometh

By |February 12th, 2017|

The Tax Man cometh, and cometh and cometh. At least that’s how it feels in cannabis Colorado. The Internal Revenue Service is auditing some 30 cannabusiness pioneers for tax years 2014 and 2015 because of the cash nature of the industry.

Uncle Sam has a way of keeping track of drug (expect pharmaceuticals) money with IRS […]

Election Day 2016: 420 Ballot Issues

By |November 7th, 2016|

As Election Day 2016 nears, marijuana activists are assuring cannabis gets its day in the sun and on the ballot. And whether you counting 13, 8 0r 5 states, marijuana will be on the ballot this fall.
Election Day 2016
Arizona – The Arizona Regulation and Taxation of Marijuana Act would legalize the possession of up to one […]

Oregon to Vote on Recreational Pot Again

By |October 26th, 2016|

Election Day 2016 offers Oregon voters more than Presidential choices. It offers Oregon voters in 50 plus communities the chance to opt-into the recreational cannabis market. The very lucrative, ever growing, cannabis market. Communities seeking tax dollars to replace dying industires like logging and mining are looking to gain tax dollars from retail cannabis sales. Sales those communities rejected […]

The Tax Man Cometh

By |October 20th, 2016|

The Tax Man cometh, and cometh and cometh. At least that’s how it feels in cannabis Colorado. The Internal Revenue Service is auditing some 30 cannabusiness pioneers for tax years 2014 and 2015 because of the cash nature of the industry.

Uncle Sam has a way of keeping track of drug (expect pharmaceuticals) money with IRS […]

Election Day 2016: 420 Ballot Issues

By |September 28th, 2016|

As Election Day 2016 nears, marijuana activists are assuring cannabis gets its day in the sun and on the ballot. And whether you counting 13, 8 0r 5 states, marijuana will be on the ballot this fall.

Pundits say states (and a Commonwealth) looking to vote on some form of cannabis legalization include: Arkansas, Arizona, California, […]

Oregon Marijuana Tax Haul

By |August 22nd, 2016|

Recreational cannabis in Oregon is taxed at 25 percent. Through May 30, the Oregon Department of Revenue reported $14.9 million in recreational tax payments. State economists now expect tax revenue from recreational marijuana for 2016 to be about $43 million.

Mazen Malik, senior economist with the Office of Legislative Revenue, said he estimates the cost of regulating marijuana to be about […]