Tribal nations across the US have entered the cannabis industry, capitalizing on their sovereign status to create new economic opportunities. This movement toward cannabis has emerged as a solution for generating revenue and supporting public health initiatives. Sovereign Tribes have a unique position giving them opportunities to establish their own…
In the quest for lush, thriving cannabis plants, it’s easy for cultivators—especially those new to the craft—to fall into the trap of thinking that more is better. This belief often leads to overfertilization, a practice that can do more harm than good. While nutrients are essential for cannabis growth, an…
The cannabis industry, like any sector that deals with consumables, faces the critical issue of product recalls. These recalls are often due to the detection of unsafe levels of mold, pesticides, or other contaminants in cannabis products. The effectiveness and speed of these recalls have come under scrutiny, raising concerns…
Several states have different approaches to making failed cannabis lab tests public. For instance, California mandates the disclosure of failed lab tests. The state has required that cannabis products sold in licensed dispensaries pass independent laboratory tests. The results of these tests, including failures, are made public. The intent is…
As the cannabis industry continues to grow and evolve, companies are finding innovative ways to attract and retain customers. One of the most effective strategies has been the introduction of membership clubs and loyalty programs. These initiatives not only provide value to consumers but also offer significant benefits to cannabis…
The cannabis industry is currently experiencing a challenging period marked by high taxes, particularly due to Section 280E of the IRS Code, and an overabundance of supply exacerbated by the illicit market. These factors have driven down prices and significantly squeezed profit margins. However, cannabis companies can adopt several strategies…
What is Section 280E? Section 280E of the Internal Revenue Code (IRC) is a provision that was enacted in 1982. This disallows businesses that are engaged in the trafficking of controlled substances from deducting their ordinary business expenses from their taxable income. While Section 280E was originally aimed at illegal…
This past week the US Supreme Court wrapped up its term and ruled on some very substantial cases including one that will affect the Cannabis industry. The court’s landmark decision ends the Chevron Doctrine and will significantly curtail federal regulatory agencies’ power, and trigger uncertainty about the status of marijuana…
The U.S. Congress reauthorizes the Farm Bill every five years to address the nation’s needs in areas such as food, agriculture, nutrition, forestry, energy, and conservation. As we approach the reauthorization of this pivotal legislation, one of the amendments under consideration is the inclusion of tetrahydrocannabinolic acid (THCA). This inclusion…
As a solution provider to the cannabis industry, we follow industry news and trends closely. This is important in any industry, but more so in the cannabis industry with its constantly shifting business landscape. There are a multitude of ways to follow the cannabis industry including Podcasts, Newsletters and of…
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