Tax day looms next week, signaling it’s time again for mathematical gymnastics and mental frustrations. The cannabis industry now exists in most U.S. states; however, marijuana remains a Schedule I drug. The toll of this classification has canna-businesses paying 70-80% higher taxes, all thanks to 280E.
A couple months ago, I predicted 2019 would be the year Latin American cannabis production begins to shift the global market for cannabis, and I went to see for myself what the future holds. Check out my observations from my recent Colombia trip in this month's blog.
How often do you find yourself asking, “Where did the time go?” Unbelievably, I’m approaching a decade of cannabis experience, and MJ Freeway celebrates nine years this month. Conceptually, MJ Freeway was conceived on New Year’s Eve 2009, which was the same year I invested in one of the first legally licensed operators in Colorado. My first experiences in the industry were on the operations side initially, where it was easy to see the need for compliance tracking in a newly regulated industry. So, MJ Freeway was officially incorporated in January 2010.