Cannabis industry remains ‘stuck’ on tax issues, former IRS attorney says
When Nick Richards talks about tax issues that impact the marijuana industry, cannabis business owners need to listen.
When Nick Richards talks about tax issues that impact the marijuana industry, cannabis business owners need to listen.
As a frequent contributor to CNBC, Tim Seymour is the face of cannabis for the business news network.
The U.S. cannabis industry’s record on social equity is patchy at best, and it is the large multistate operators who have generally failed so far to take significant leadership on the issue, according to social equity advocates.
Multistate marijuana operator iAnthus, partially blaming the coronavirus, said it is unable to meet interest obligations totaling $4.4 million on $157.5 million in debt.
Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday.
Many state authorities have deemed U.S. cannabis companies “essential” businesses during the coronavirus pandemic and allowed them to keep their doors open – and now some marijuana businesses are producing an essential product to help combat COVID-19: hand sanitizer.
When Seke Ballard founded Good Tree Capital, his goal for the Seattle-headquartered online platform was to raise funds from accredited investors and, in turn, use that money to underwrite loans for small, licensed cannabis companies around the United States.