The impressive growth of the state-legal cannabis industry in the US over the past few years has not just been a boon for marijuana entrepreneurs, it’s also created new opportunities for cyber criminals looking to exploit the emerging industry’s weaknesses. Most canna-businesses are newly-established, small-to-mid size enterprises. This means that many haven’t had the time […]
Marijuana legalization has well and truly established itself as more than a movement in recent years. It’s now big business, with retail sales expected to top $37 billion in 2024. But while more and more states move to legalize cannabis, the marijuana industry continues to be underserved by financial institutions, including accountants. This not only […]
Marijuana farming in the US has undergone a lot of changes in recent years. Federal hemp legalization alongside more than a dozen states legalizing adult-use cannabis have been a boon for the marijuana cultivation industry, with a lot more winners than losers. Here, we identify six cannabis cultivation trends over these past five years that […]
Marijuana’s federally illegal status adds extra layers of complexity and risk that cannabis business owners need to be aware of to ensure they comply with federal tax requirements. The most obvious challenge canna-businesses face as a result of federal prohibition is the reluctance of major banks and financial institutions to offer their services for fear […]
When it comes to the long-standing art of solventless concentrate processing, efficiency is vital to success. While making solventless concentrates is a pretty straightforward process, there are many different ways to go about it. Luckily, the formula still involves a few do’s and don’ts, and familiarizing yourself with them can make your technique more effective, […]
Certified wine experts are sommeliers. For beer, they’re known as cicerones. So, what to call a certified expert in the finer points of marijuana? Well, if the organizers of a first-of-its-kind cannabis certification program have their way, marijuana masters will be known as ganjiers. Ganjier is also the name of the course on offer. According […]
Marijuana legalization may be continuing apace across the US, but cannabis industry finances are still stuck in the 1980s. This isn’t just because many financial institutions are reluctant to service state-legal marijuana businesses because of cannabis’ federally-illegal status. It’s also because of Internal Revenue Service (IRS) Tax Code 280E. This code means marijuana businesses have significantly […]
As the US cannabis market continues to mature and establish itself as a legitimate player among more traditional industries, marijuana companies are increasingly turning to patents to protect their intellectual property. The US Patent and Trademark Office (USPTO) reports that more than half of the cannabis-related patents it has issued have come in the past […]
The thriving cannabis industry in the US, which has gone from strength to strength even amid the COVID-19 pandemic, means marijuana businesses big and small face an increasing need for accountants. Accountants are essential for just about any business, but this is especially so in the marijuana industry given the difficulties posed by the plant’s […]
The third annual Insuring Cannabis Summit took place entirely online this year and focused on the insurance risks and opportunities in the cannabis marketplace. The event, hosted by Insurance Journal, included presentations from 27 marijuana industry experts discussing topics like risk management, the future of the cannabis industry, marijuana laws and regulations, and the business […]
