The Internal Revenue Service faces mounting pressure to clarify cannabis tax rules, as a key Supreme Court decision threatens to upend the agency’s interpretative authority and rescheduling looms large over the industry. The American Institute of CPAs in a letter this week urged the U.S. Treasury Department and the IRS …
The Daily Hit is a recap of the top financial news stories for Wednesday, October 23, 2024. On the Site New intoxicating hemp ban on table in coming Texas legislative session A list of GOP priorities for the upcoming legislative session includes a handful of provisions related to the hemp …
A small shop in upstate New York near Rochester has been hit with a $9.5 million fine after the owner ignored a cease-and-desist order to stop selling cannabis without a license. George West, the owner of Jaydega 7.0 in the town of Canandaigua, was slapped with the enormous fine this …