Michigan Cannabis Operators Eye Democratic Control for Tax Relief
Michigan cannabis operators who backed a Republican governor candidate are now working with the state's new Democratic trifecta to secure re...
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#cannabis taxation
Business
Illinois Adult-Use Retailers Rush to Add Medical Licenses
Illinois recreational cannabis retailers are adding medical licenses to access federal tax relief under Section 280E and DEA registration el...
Business
Connecticut Tax Revenue Jumps 67% Despite Flat Cannabis Sales
Connecticut's cannabis tax revenue surged 67% to $11.2 million in Q2 2024 while sales stayed flat at $52.8 million, driven by a THC potency ...
Business
Federal Rescheduling Could Free $3B+ Locked in Cannabis Tax Penalties
DEA rescheduling would end IRS 280E tax penalties that forced cannabis companies into 70%+ effective tax rates, potentially unlocking $3B+ i...