Finkle Law Office

Essential cannabusinesses providing employment opportunities for the covid impacted workforce. And this while these essential businesses do not have banking or access to COVID relief legislation (fair taxation or tax breaks, grants, or loans) due to ongoing Federal prohibition....of an Essential Business!!

https://www.gmlaw.com//cdfta-cannabis-tax-increases-frust/

Legalization of cannabis in California, currently the world’s largest recreational pot market, has been bumpy. Restrictions on adult use were lifted in January 2018 and the Californian legislature projected $1 billion in state and local taxes from cannabis sales within a few years. However, the actual windfall is proving underwhelming, and the state department of finance is now trimming its estimate. Pot excise taxes are forecast to generate $360 million in the 2019/20 budget... year, down from the $514 million projected at the start of 2019. Several factors are stymieing legitimate sales. Although legal at the state level, a majority of municipalities have banned retail sales of cannabisan unforeseen complication. Californians also have a penchant for growing their own cannabis plants at home. However, the main barrier is the markup on legal cannabis from high taxes and the cost of complying with complex regulations. Consumers pay 77% more for the same product from a legal vendor, according to BDS Analytics. Unless taxes are cut, the research house expects almost half of California’s cannabis spending to remain in the illegal market in 2024. https://www.wsj.com//pot-industry-underestimates-old-schoo

It’s a misguided lawsuit coming from a cannabis company because it could open Pandora’s Box, he said. It’s not hard to imagine that a bar might believe it’s losing business to the cannabis retail shop right next door; could that be considered unfair competition?" https://www.cannabisbusinesstimes.com//rival-cannabis-del/

https://mjbizdaily.com/californias-cannabis-industry-bill/