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California cannabis regulators’ fraud case against testing lab unravels
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IRS has spent years training agents on marijuana audits
The IRS has been training its agents for at least eight years in the finer details of auditing marijuana companies, using PowerPoint presentations that outline everything from legal precedents to…
News April 14
280E is a political weapon targeting marijuana companies, but there may be a fix
I’m angry. There are too many examples of innocent people suffering because of our nation’s politics and prejudices. The Internal Revenue Service’s audit program and enforcement of Section 280E of…
News April 14
Longtime marijuana reform activist Steve Fox dies
The cannabis industry and reform movement is mourning the death of one of its staunchest advocates, Steve Fox. The cause of Fox’s death, which occurred Monday, was not disclosed. He…
News April 13
Organigram reports CA$66.4 million loss on falling cannabis sales
New Brunswick-based cannabis producer Organigram’s net revenue fell to a multiyear low of 14.6 million Canadian dollars ($11.6 million) in its December 2020-February 2021 quarter, the company said Tuesday. Organigram’s…
News April 13
Biden selects ex-state attorney general to lead DEA; marijuana stance unclear
President Joe Biden has tapped Anne Milgram, a former state attorney general and longtime criminal justice advocate, to head the U.S. Drug Enforcement Administration. In 2009, as the state attorney…
News April 13
Aurora Cannabis leads Canada in market share decline while smaller companies gain, report says
Aurora Cannabis surrendered a greater share of Canada’s recreational market last year compared to rival licensed producers – with Canopy Growth not far behind – as the companies look to…
News April 13
Massachusetts kicks off online product catalog for licensed cannabis products
Massachusetts marijuana regulators launched on Monday a one-of-a-kind catalog that's intended to help clear up any confusion about which marijuana products are legal.
News April 13
Confidential IRS marijuana guide details audit procedures for agents to follow
Marijuana industry tax experts have known for years the IRS was circulating among its agents a document akin to an Audit Technique Guide - essentially, a manuscript for how agents…
News April 13
New Mexico gov signs adult-use marijuana legalization bill into law
New Mexico Gov. Michelle Lujan Grisham on Monday signed a bill legalizing a potential $425 million adult-use marijuana market in the state. Retail sales are to begin no later than…
News April 12
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