Cannabis Blog

NCIA Releases 280E Guide To Help Marijuana Businesses During Tax Season

Category: News | Posted on Sun, February, 7th 2016 by THCFinder
marijuana taxes tax


I get asked all the time for advice and tips on how to start a marijuana business. Most of the time people want to bounce ideas off of me that involve growing and/or selling marijuana. Sometimes it will involve an ancillary industry idea, but for the most part the people that I talk to want to pursue a business idea that involves ‘touching the plant’ as a lot of people in the industry say these days. I offer up my two cents on what it would take to start a garden and/or a dispensary as best I can, and always tell people to take it for what they will considering I don’t operate either type of business.

Something that I’m always quick to point out is the need for cannabis entrepreneurs to know about 280E and how it affects marijuana businesses during tax season. People dedicate a ton of time designing their garden, dialing in their ‘grow recipe’ to maximize their yields, but don’t dedicate nearly as much time researching 280E. It’s understandable – tax code is not a sexy thing. To most people, it’s about the least desirable part of being in the industry. However, it’s extremely important, which I’m sure a lot of people are learning for the first time as they prepare their taxes for their business.

Taxes can be confusing, especially when it comes to 280E. I am by no means a tax expert, but there are fortunately others out there that are. The National Cannabis Industry Association (NCIA) recently released a 280E white paper document that provides a ton of information about 280E. It answers frequently asked questions, such as basic ones like ‘What Is Section 280E?’ Below is an excerpt from the document describing what 280E is for those that aren’t already in the know:

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Legal Marijuana in Oregon Comes With a Surprising Twist

Category: News | Posted on Sun, February, 7th 2016 by THCFinder

Pardon the pun, but you could say expectations are high around the country that this could be the biggest year ever for marijuana legalization.

Consumers and legislators are seeing green
To recap, the past two decades haven't been too shabby for marijuana supporters. Some 23 states, as well as Washington, D.C., now allow for physicians to prescribe medical marijuana for specific ailments, and four states -- Washington, Colorado, Oregon, and Alaska -- plus D.C. now allow for the sale of recreational marijuana to adults ages 21 and up. Even a decade ago the thought of marijuana being legal anywhere would have been somewhat far-fetched, but it's a reality now in four states, and perhaps more by the end of the year.

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What strain are you smoking on today?

Category: Fun | Posted on Sat, February, 6th 2016 by THCFinder


Cannabis Lobby Day At The Oregon Capitol On Monday

Category: Events | Posted on Sat, February, 6th 2016 by THCFinder

Below is an event that is happening at the Oregon Capitol on Monday, via the event’s Facebook page:

Come join our rally and let your voice be heard! Campaign for the Restoration and Regulation of Hemp (CRRH), along with several other cannabis organizations, will be participating in Cannabis Lobby Day at the Oregon State Capitol on Monday, February 8, 2016. The free speech event, will feature speakers, music and vendors, will be held from 12pm to 5pm.

* Protect the OMMP and continue the fight for patient rights and access to medicine.

* Prevent over-regulation of marijuana under M91 by the OHA, OLCC, OAC and ONI that could hinder, rather than aid, the creation, regulation and stabilization of legal marijuana related businesses.

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Cypress Hill - "Hits From The Bong"

Category: Videos | Posted on Sat, February, 6th 2016 by THCFinder



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