Debra BorchardtMay 9, 2023
The law "decouples" New Jersey's tax provision from the federal tax code.
Tag: tax
Debra BorchardtMay 9, 2023Debra BorchardtMay 2, 2023
2022 tax collection dipped from 2021.
Debra BorchardtJuly 29, 2022StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF) reported that it reached a Partial Payment Installment Agreement with the Internal Revenue Service related to the federal tax returns of its wholly-owned subsidiary Patients Mutual Assistance Collective Corporation for the 2007 to 2012 fiscal years and the 2020 fiscal year. Formerly known as Harborside and one of […]
StaffAugust 19, 2020For the past century, America has been in a fierce debate regarding the legal status of marijuana. And while individuals on both sides of the issue are passionate about their positions regarding the morality and safety of cannabis, those against legalization have largely had their way— until very recently. Fast forward to the present day […]
StaffMay 31, 2019By Lewis Taub, CPA, Director of Tax, Berkowitz Pollack Brant Despite the legalization of cannabis on a state-by-state basis, federal tax laws continue to limit the availability of certain tax benefits for businesses engaged in cannabis production and sales. Yet, with advance planning and analysis, cannabis companies and their investors have an opportunity to maximize […]
William SumnerMay 16, 2018
As the debate to legalize cannabis in the state of New York rages on, one report offers to shed some light on the financial incentives that come with legalization. On May 15, 2018, New York City Comptroller Scott Stringer published a report estimating the potential size of the state’s legal cannabis market and how much […]
Debra BorchardtDecember 13, 2017
The state of Colorado is now releasing sales data on marijuana transactions. Previously, the state only posted tax revenues, leaving researchers and journalists with guesswork as to how that translated into sales. So far, total sales through October have increased 42% year-over-year and tax revenues through November have increased 16%. On Wednesday, the state released […]
Get the latest cannabis news delivered right to your inbox
Unpack the industry with the daily cannabis newsletter for business leaders.