cannabisriskmanager

Florida Voters to Decide on Recreational Cannabis Amendment

Florida Voters to Decide on Recreational Cannabis Amendment

By cannabisriskmanager / July 10, 2024 /

Florida Voters on the Brink of Legalizing Recreational Cannabis with Amendment 3 LOS ANGELES—In a landmark decision, Florida voters are gearing up to cast their ballots on Amendment 3, a…

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Is Your Business Safe? Top 10 Risks in Cannabis Cultivation

Is Your Business Safe? Top 10 Risks in Cannabis Cultivation

By cannabisriskmanager / July 8, 2024 /

Cannabis cultivation, while offering lucrative opportunities, comes with its share of risks that can impact business sustainability and profitability. From regulatory issues to operational challenges, understanding these risks is crucial…

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Potential Tax Deductions for Cannabis Companies Without 280E

Potential Tax Deductions for Cannabis Companies Without 280E

By cannabisriskmanager / July 5, 2024 /

Potential Rescheduling of Cannabis Could Revolutionize Industry Finances The cannabis industry has long been constrained by Section 280E of the Internal Revenue Code, which prohibits companies dealing with substances classified…

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Professional Liability Insurance for Cannabis Consultants: Essential Protection for a Growing Industry

By cannabisriskmanager / June 11, 2024 /

As the cannabis industry continues its rapid expansion, the role of consultants has become increasingly vital. These experts provide essential guidance on cultivation, regulatory compliance, business strategy, and more. However,…

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DEA Cancels Hearing on Proposed Psychedelics Ban Amid Constitutional Challenge

By cannabisriskmanager / June 10, 2024 /

The Drug Enforcement Administration (DEA) has indefinitely canceled its scheduled administrative hearing on the proposed ban of psychedelic compounds DOI and DOC. This decision follows a federal court challenge questioning…

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Martha’s Vineyard Faces a Cannabis Crisis

By cannabisriskmanager / June 10, 2024 /

VINEYARD HAVEN, Mass. (AP) — An 81-year-old woman drove up to Island Time dispensary last week, seeking her usual order of pot. Owner Geoff Rose had to turn her away;…

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New York Cannabis Operators Set to Save Big as Potency Tax Falls Through

By cannabisriskmanager / June 10, 2024 /

New York Governor Kathy Hochul’s initiative to replace the state’s potency tax with a flat excise tax on cannabis products commenced on June 1, coinciding with the start of the…

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Protecting Your Cannabis Business: 5 Key Insurance Policies to Consider

By cannabisriskmanager / June 7, 2024 /

As the cannabis industry grows, so do the unique risks and challenges faced by business owners. Navigating the complexities of insurance is crucial for safeguarding your investment and ensuring the…

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Kansas Cannabis Coalition: A Diverse Push for Legalization

By cannabisriskmanager / May 13, 2024 /

A newly formed coalition comprising a diverse array of political figures in Kansas has pledged its support for legislative candidates dedicated to ending the state’s prohibition on recreational cannabis and…

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9 Tactics to Minimize Cybersecurity Risk in the Cannabis Industry

By cannabisriskmanager / April 30, 2024 /

As the cannabis industry continues to grow and embrace digital technologies, the importance of cybersecurity cannot be overstated. With valuable data, financial transactions, and sensitive information at stake, cannabis businesses…

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