INFORMATION

INFORMATION

AN EVOLVING INDUSTRY

With laws, regulations and market forces constantly changing, it is important to have accurate information in order to build profitable and socially responsible cannabis businesses. At the ICBWA, strive provide our members with relevant content from experienced leaders on current topics in the cannabis industry.

 

NOTE: This information is provided for educational purposes only and is not legal advice or substitute for legal counsel

Cannabis Legalization as of January 2020

US CANNABIS MARKET GROWTH 2016-2025

The cannabis industry has continued making strides toward expansion and diversification. This infographic demonstrates the projected growth of the US recreational and medical marijuana sales (billion US dollars).

Source: The Cannabis Industry Annual Report

US CANNABIS MARKET GROWTH 2016-2025

The cannabis industry has continued making strides toward expansion and diversification. This infographic demonstrates the projected growth of the US recreational and medical marijuana sales (billion US dollars).

Source: The Cannabis Industry Annual Report

NEWS AND INSIGHT

Marijuana Legalization Could Provide Much-Needed Economic Relief To America Post-Pandemic

April 20. 2020
By The Fresh Toast, Benzinga Contributor

Top marijuana CEOs argue that legalization could provide the American economy a necessary shot in the arm after the coronavirus pandemic. When the fog that is the coronavirus pandemic lifts, and the threat subsides, Americans will discover an economy in serious need of repair. Most up-to-date reports indicate that more than 26 million Americans have filed for unemployment, erasing the 22 million jobs gained since the Great Recession in 2009. A way to get some jobs back? According to prominent cannabis CEO, marijuana legalization is a crucial part of the solution.
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Research Project

April 2020
By Marijuana Business Magazine

The U.S. Food and Drug Administration is approving a growing number of applications from cannabis companies looking to conduct clinical trials studying medical marijuana. That development could lead to multiple cannabis-based medicines—including flower—receiving FDA approval to be commercialized and sold within the next five years.
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Shark Bait

February 24. 2019
By Marijuana Business Magazine

Predatory lending—a practice that gained special notoriety during the Great Recession—can cripple or sink a cannabis business owner who is launching or expanding a company. Predatory loans typically involve a lender who relies on unfair or misleading tactics. The result: A borrower is spurred into accepting a loan with a sky-high interest rate or other terms that are good for the lender­—but bad for the borrower. Cannabis businesses are especially vulnerable.
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How Dispensaries and Cultivators Can Win at Taxes

January 24. 2020
By Cannabis Business Times

Thanks to additional regulatory, legal and financial scrutiny, tax season is far more challenging for cannabis businesses than most any other enterprise or industry. Much of that extra scrutiny stems from Internal Revenue Code 280E, the federal statute that severely limits what expenses plant-touching cannabis businesses can deduct on their taxes.
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Several states could legalize cannabis sales in 2020 as marijuana industry eyes lucrative East Coast market

January 13. 2020
By Marijuana Business Daily

Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so. Much of the cannabis industry’s focus will home in on a possible recreational marijuana domino effect along the East Coast, which could create billions of dollars in business opportunities.
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Cannabis Retail Opportunities Abound

October 19. 2019
By BDS Analytics

Cannabis is perhaps the most exciting retail opportunity to hit U.S. markets in decades. The lucrative combination of rapid sales growth, an ever-expanding customer base and government-enforced protection against mass-retail has resulted in a unique market that is unlikely to be replicated anytime soon.
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