Manufacturing & Distribution Blog

Blogs February 18, 2021 The 2021 Cannabis Landscape Continues to Evolve

A look at some of the issues driving the cannabis sector in 2021, including federal and state legislation, taxation, and industry consolidation.

Blogs February 08, 2021 President Signs Executive Order Strengthening Buy American Provisions

President Biden has signed an executive order that closes federal “buy American” loopholes, thus helping boost activity and investment in U.S. manufacturing.

Blogs February 02, 2021 Governor Proposes Legalizing Adult-Use Cannabis in New York State; THC Potency Tax

This post takes a brief look at how the Cannabis Regulation and Taxation Act establishes a two-tier tax structure for adult-use cannabis: one based on THC content to be applied at the wholesale level, and the second a 10.25% surcharge tax on sales fr…

Blogs January 13, 2021 Is NY the Next State to Legalize Cannabis?

New York State Governor Andrew Cuomo has discussed legalizing and decriminalizing adult-use recreational cannabis as one means of economic recovery in light of the coronavirus pandemic.

Blogs December 03, 2020 UN Scales Back Cannabis Classification

The United Nations Commission on Narcotic Drugs recently voted to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs.

Blogs November 12, 2020 The Cannabis Industry and the Tax Treatment of Inventory

This article takes a look at the question: Are cannabis companies that are considered ‘small businesses’ eligible to make a tax election to immediately expense their inventory under IRC Sec. 471(c)?

Blogs November 05, 2020 New Jersey Votes to Approve the Legalization of Adult Use Recreational Cannabis

On November 3, New Jersey voted in favor of legalizing adult use recreational cannabis. Now to establish rules, regulations and implementation details regarding the industry.

Blogs October 26, 2020 New Jersey to Vote on Legalizing Recreational Cannabis

On November 3, New Jersey’s ballots will contain a measure regarding the legalization of recreational use of cannabis. This article takes a brief look at what that may mean for New Jersey as well as the surrounding states.

Blogs October 05, 2020 IRS Releases Cannabis Industry Web Page

In response to a recent report issued by the Treasury Inspector General for Tax Administration, the IRS recently released a cannabis industry landing web page complete with GAQs related to tax and cash receipt reporting requirements.