The IRS confirms with the publication of a cannabis industry specific webpage that marijuana businesses are subject to the limitations of Section 280E of the Internal Revenue Code.
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Cannabis employers in the state of Oregon will be required to offer their employees a retirement savings program to save in, regardless of how many employees they have—whether it be one or 100.
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The cannabis industry is new and entrepreneurial, and companies are constantly looking for information and data to guide their business strategies and operations. The current regulatory climate does not make that an easy task.
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CannabizCentral believes text marketing for Cannabis companies is an innovative marketing strategy, yet please don’t fall into the TCPA litigation trap.
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The SEC revised rules on accredited investors that will let more book-smart people and insiders invest in private companies. And it will give private marijuana and hemp companies access to seed capital that often comes with fewer strings than traditional bank and institutional investor financing arrangements.
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Cannabis companies in Illinois are not exempt from providing either Secure Choice or a 401(k) plan to their employees.
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Cannabis companies could offer a 401(k) plan (in lieu of CalSavers) to comply with California’s retirement plan mandate
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Grand opening events are such an effective way of driving retail traffic to Cannabis Retailers
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The IRS issued much-anticipated guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholding on affected employees’ compensation during the last four months of 2020 and then withhold those deferred amounts during the first four months of 2021.
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Like other agricultural businesses, cannabis companies can legally sponsor 401(k) plans.
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