As the cannabis industry in the US matures, there’s a growing need for accountants to service canna-businesses and further professionalize the sector. But given the complexities and risks faced by marijuana businesses due to the plant’s federally-illegal status, it is essential to hire an accounting firm with cannabis industry-specific expertise for three hugely significant reasons. […]
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 […]
The Centers for Disease Control and Prevention (CDC) published advice for businesses that employ drivers in states where marijuana is legal on how to mitigate the risk of impaired driving. In its blog post, the CDC’s National Institute for Occupational Safety and Health (NIOSH) notes the dangers of driving under the influence of THC but […]
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, […]
Though marijuana legalization continues to spread across the US at the state level, there has been little progress on implementing standardized cannabis manufacturing rules and regulations to ensure product safety and quality. This is because of marijuana’s federally illegal status, which means federal agencies like the Food and Drug Administration (FDA) and the Drug Enforcement […]
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 future of cannabis cloning is here and already making a splash in the commercial cannabis industry. Enter plant tissue culture cloning: a revolutionary technique that can help preserve genetics, increase yields, and optimize cannabis businesses’ entire cultivation venture. Here’s everything you need to know about cloning cannabis with plant culture tissues. What is plant […]
