supported by legal cannabis as of January 2022 — besting the number of insurance agents by 9,000, the authors noted.
“The ‘hockey stick’ trend of sales growth seen in the early years of legal cannabis has passed, and economic and regulatory headwinds are exerting pressure on legal cannabis markets,” Roy Bingham, the firm’s CEO, said with the update.Some of those regulatory headwinds are at the state level. California cannabis reached sales of $5.3 billion in 2021 but trailed other mature markets on a per capita basis, thanks to a thriving illicit market.
There are glimmers of hope for the Secure and Fair Enforcement Banking Act, or SAFE Banking, in the lame-duck session to come. It would open up banking services to state-legal cannabis businesses., including 321-101 as a standalone measure in 2021, with 106 Republicans backing it.“SAFE Banking alone could pass the Senate,” said Morgan Fox, political director for the reform group NORML.
Businesses would still face 280E, a provision in the federal tax code that treats state-legal cannabis operators as drug traffickers, disallowing normal business deductions such as payroll, rent and marketing. That can drive effective tax rates past 70% and lead even companies that lost money to owe taxes.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
New master-planned residential community with 2,600 units proposed south of Phoenix - Phoenix Business JournalAs more companies make plans to build in Pinal County, more housing is needed to support the growth of workers and people moving to the region. Here are the details on a new project being proposed in the small city of Eloy.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
How cannabis companies are helping Arizona communities - Phoenix Business JournalIn this guest column, the CEO of an Arizona-based cannabis company that operates dispensaries and has its own growing sites, looks at how the addition of recreational sales in Arizona has helped erase some of the stigmas attached to the industry.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
Small-business owners banking on big Black Friday, Cyber Monday - Phoenix Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
Coming Soon: The Big Credit Squeeze - Phoenix Business JournalAs the Federal Reserve tries desperately to bring down the rate of inflation, consumers are using a previously-used tactic to finance and offset higher costs – credit. The question is will they be able to pay back their debts?
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
Optima McDowell Mountain Village receives approval from Scottsdale City Council - Phoenix Business JournalCity documents show that Optima looks to start on construction as soon as possible after being given the green light from Scottsdale City Council. phoenix
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
SBA to award remaining Restaurant Revitalization Fund grants after pressure campaign - Phoenix Business JournalFollowing a months-long pressure campaign by business groups and lawmakers, the SBA plans to award millions in unused Restaurant Revitalization Fund grants. Here's what businesses need to know.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »