Cannabis News

Cannabis Industry News July 2020: Cannabis Taxes, Licensing & Legal Updates

In this cannabis industry update, we talk about news and trends that are affecting cannabis businesses throughout the world.
We cover:
+ Cannabis business licenses
+ Cannabis industry news
+ Questions from the audience

A list of the topics and question are below:
Cannabis Tax Updates (1:08)
Cannabis Legal Updates (3:55)
Cannabis Licensing & Regulation Updates (7:22)
US Cannabis Legalization Updates (11:57)
Cannabis Finance + cannabis M&A Updates (13:57)
When does it make sense to start thinking about tax mitigation and asset protection? (17:35)
Should we open up a complimentary business in our building to capture more revenue? (19:51)
Marketing: Weedmaps vs. Google, what should we spend money on? (21:23)
I am a smaller brand and I am having trouble getting into dispensaries. I can’t afford slotting fees and that means I can’t sell my products, what should I do? (23:20)
What do you think about cryptocurrency payments for cannabis? (27:17)
What are the challenges of opening a testing lab in California? Or other states? (32:12)
What are ‘burner’ cannabis distributor licenses? (36:09)
Should you move money from a cannabis-touching business to another non-plant touching business for banking purposes? (38:16)
What are some considerations when structuring my multi-license cannabis business? (39:54)
How can I reduce my cannabis business taxes? (43:44)
How do you value a cannabis business license with no operations yet? (46:17)
Do you recommend taking guidance from 471(c) to track cannabis CoGS? (49:33)

If you need help with your cannabis business, then please reach out to us at: https://greengrowthcpas.com/get-started/ or call 800-674-9050.

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