Cannabis legalization is a global movement. Currently, 29 nations have some form of medical cannabis laws in place. An equal number of American States have legalized cannabis to some degree. What may be most interesting is that nearly 10 nations have some Treaty or Agreement that allows for the international import and export of cannabis. The list notably includes Canada,…
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What does the California child-resistant bag legislation mean for the cannabis industry? When it comes to the new California child-resistant bag legislation regarding cannabis sales, much dust has arisen around the subject. Confusion and misunderstandings have started to rule the cannabis industry, seemingly without anyone to clarify the problematic and purge the panic once and for all. With legalization knocking…
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Cannabis Inventory Management Retail inventory management systems have existed for a long time. They facilitate the complex interchange of supply and demand for an increasingly consumptive society. For traditional markets, there exist several industry-standard companies with shared or similar processes and procedures, proven over time to work. In a nascent industry like cannabis, however, there are not decades of historical…
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The Amazing Endocannabinoid System The Endocannabinoid system (ECS) was discovered by Dr Raphael Mechoulam, considered to be the father of cannabis based medicines. What’s most amazing is that the ECS is now considered to be the largest network of receptors in the human body. The discovery of the Endocannabinoid system (ECS) is arguably the greatest health discovery of modern times.…
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The 280E and the Complexity of Cannabis Taxation. Federal tax law as it regards the cannabis industry typically hinges on one relatively simple, extremely simplistic Internal Revenue Code (IRC) – 280E. This law effectively removes from cannabis businesses the standard tax deductions and credits that are the foundation of small business success in the United States. Specifically, any taxes paid…
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For cannabis enthusiasts, sharing and comparing favorite strains is nearly as central to enjoying the lifestyle as discovering a new path to an idyllic cognitive or physical high. Many know their favorite strain by its colorful name, a preferred grower and/or simple terms like indica or sativa, but few understand the true science behind what gives life to the pure…
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It turns out smoking trees is more profitable than cutting them down. The first government report on employment in our state’s legal weed economy found that more than twice as many people work in the legal pot industry than work in the lumber industry. The report, conducted by the Washington State Institute for Public Policy (WSIPP), found that more than…
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BOSTON (AP) — An agreement between House and Senate negotiators on changes to the state’s voter-approved marijuana law will allow for a tax of up to 20 percent on retail pot sales. Highlights of the deal were released Monday by the office of Sen. Patricia Jehlen, co-chair of a conference committee that spent several weeks trying to resolve differences between…
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For those who are not sleeping under a rock, you know we have been running our Five Reasons to Attend Boston Cannabis Expo (aka CannaCon) contest all week. Throughout the week we have been giving John Q public a chance to win some great prizes/giveaways just for purchasing a general admission ticket to CannaCon, the first Boston cannabis expo. We…
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