Author: Dorron Blumberg

Benzinga Cannabis Conference Opportunity for Companies, Investors

"Everyone needs money to operate their business," said Patrick Lane, and anyone looking for opportunities in the cannabis industry might be able to find them at the Benzinga Cannabis Conference at the Fontainebleau Miami Hotel, Feb. 24 – 25. As Senior Vice President, Partnerships, Lane said Benzinga is a financial media company that covers markets, and cannabis is currently one of the hottest sectors.

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Deductible Payroll Expenses for Cannabis Businesses

Leave it to the IRS to have written specific tax code for just about every profession and activity imaginable, both legal and illegal. Unfortunately, in the case of a state legal cannabis-based business, that falls under tax code §280E which was written for trafficking illegal drugs. This 1982 code states that “no deduction or credit shall be allowed for any amount paid

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New Year’s Update of Florida Hemp Law and Rules

Adult-use marijuana will not be on the 2020 ballot, but the year does welcome the beginning of Florida’s awaited “Hemp program”, which is governed by rules effective New Year’s Day. This article is intended to be useful information for anyone who plans to locate, or is considering locating themselves somewhere in Florida’s hemp industry.

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New Rules Take Effect for all Hemp Products Sold in Florida and What to Expect in 2020

Although there have been Florida statues in place regarding the requirements for hemp and CBD products for months now, enforcement began in January. Inspectors have a wide array of new things to look for and stores were given an initial 30 days to comply before being reinspected and having these products pulled however this deadline will be extended slightly from what we have heard. 

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