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New York could create over 50,000 jobs and rake in billions in revenue in the coming years if recreational cannabis is legalized this year, according to a new economic analysis. A report released on February 10th, 2021 argues that marijuana legalization this year could provide...
What's New With Cannabis Legislation in 2021? Right now there is a lot of anticipation that the new White House administration will stand behind federal cannabis reform. Back in 2020, the More Act was passed by the house. However, it ran into a bit of hold...
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2020-27 which provides that expenses paid with Paycheck Protection Program (PPP) loan proceeds are not deductible in the tax year paid or incurred, if at the end of the tax year the taxpayer has a “reasonable...
Since 2021 began, perhaps no industry has created more buzz than cannabis. It's certainly not hard to understand why. Some estimates suggest that annual US pot sales could triple between 2019 and 2025 to more than $41 billion. In the November election, 36 states waved...
A New Study Medical marijuana use is associated with significant reductions in dependence on opioids and other prescription drugs and to increase quality of life, a new study has found. A study performed in Canada, analyzed the rate of prescription drug use and quality of life...
Scope This is to alert Vault 8 clients about Expansion and extension of Employee Retention Credit (ERC) provided by the Consolidated Appropriations Act, 2021 (CAA, 2021) which was signed on December 27, 2020. This credit is also available for the period March 12, 2020 to January...
Looking back at 2020 not only did many top marijuana stocks reach new highs but the global cannabis industry showed great progress. As the cannabis industry has made it through another year many new developments are in the works. Let’s start with cannabis legislation as many...
CBD first started gaining mainstream recognition when Charlotte Figi’s story hit the news. Charlotte, who sadly passed away earlier this year at the age of 13, was diagnosed with Dravet Syndrome when she was only three months old. This rare form of epilepsy is resistant to...