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Residents of California often complain about high taxes, but no one pays higher taxes than the cannabis industry.  In addition to the Federal 280E penalties, the cannabis industry in California is subject to a 15% state-wide excise tax, sales and use taxes that can reach up to 10.75%, and local business licenses taxes which are as high as 15% in some jurisdictions.  On top of these excise taxes, which combined can approach 40%, there is a state cultivation tax currently imposed on cannabis flowers at a rate of $161.28/dry-weight pound (and some local jurisdictions impose additional cultivation taxes). …
Continue Reading California Cannabis Farmers May Finally Get Some Relief

On December 9, 2020, the House of Representatives passed H.R. 3797—The Medical Marijuana Research Act (the “Bill”), expanding access to cannabis for medical research purposes.  In so doing, a bipartisan majority of members of the House of Representatives agreed that, while proponents and opponents of cannabis legalization are entitled to their own opinions, they are not entitled to their own facts. …
Continue Reading House Of Representatives Passes A Cannabis Bill That Republicans And Democrats Can Agree On

On May 1, 2019, AAFCO provided updated guidelines regarding the use of hemp in animal food, including how this market is affected by the Agricultural Improvement Act of 2018 (the “Farm Bill”). Although the AAFCO is not a government agency, its members are government agencies that represent the 50 states, the US Food and Drug Administration (FDA) Center for Veterinary Medicine, and the Canadian Food Inspection Agency. …
Continue Reading AAFCO Issues Updated Guidelines Regarding Hemp in Animal Food