Reprinted with permission of Bloomberg.com . When Texas enacted House Bill 46  in June, it updated its cannabis license application. The companies vying for one of 12 new medical licenses will now have to clearly demonstrate strong financial viability.   Texas’ example may be the wave of the future for states that choose to legalize cannabis. Whether it’s a medical or adult-use program, states now realize that financial strength and sound financial management skills are criti

Reprinted with permission of Bloomberg.com . Minnesota’s recreational cannabis agenda has always been to encourage small business, support social equity applicants, and mitigate the growth of an illicit market. But changes, including a 50% excise tax hike and preferential treatment for American Indian tribes in the state, have raised concerns about the road ahead for cannabis entrepreneurs recently granted licenses through the state’s lottery system.   Starting a cannabis com

Psychoactive Hemp Gains Ground as States and Others Push Back BY SIMON MENKES CPA AND RACHEL WRIGHT CPA Reprinted with permission...

SIMON MENKES CPA AND RACHEL WRIGHT CPA Reprinted with permission of Bloomberg Tax Menkes and Wright review DEA recommendation to...