Florida's Cannabis News Podcast

Florida's Cannabis News Podcast Wednesday, November 25, 2020   Cannabis Taxation—Part V—Congress Can Deter Drug Use and Raise Revenue By Reforming Section 280E   This week, David wraps up Florida’s Cannabis News Podcast’s five part series on Section 280E. In this episode (Part V), we look at what the future holds for Section 280E. Cannabis businesses owners want to pay state and federal taxes. Maintaining a strong working relationship with the IRS legitimizes these businesses, and, in turn, the entire cannabis industry. The current tax regime forces cannabis businesses to either ignore Section 280E on their tax filings, or forego paying taxes altogether. The former forces these businesses to gamble on the IRS overlooking their filing, and the latter evaporates their revenues. Congress can solve this problem in one of two ways: amend the CSA or amend Section 280E.   Here are the highlights:   The primary reason why state-legal cannabis businesses are required to comply with Section 280E is because their produc

Florida's Cannabis News Podcast Saturday November 21, 2020 Cannabis Taxation—Part IV—How U.S. Cannabis Operators Live Alongside Section 280E. This week, David continues Florida’s Cannabis News Podcast’s five part series on Section 280E. In this episode (Part IV), we break down the two legal arguments U.S. cannabis operators use to alleviate the burdens of Section 280E. First, the second-line-of-business argument, and second, using savvy accounting methods to put expenses into COGS (cost of goods sold). Here are the highlights: States recognize cannabis companies as legitimate businesses, and lawmakers are thwarting the United States’ ability to compete in the global market because they have not provided a level playing field for U.S. cannabis companies to develop. The most effective way to help business owners stay afloat and give patients and consumers access to safe cannabis is through legislative action. Lawmakers have taken inconsequential steps to address this problem, even though Congress did the most s

Florida's Cannabis News Podcast Tuesday November 17, 2020 Cannabis Taxation—Part III—Why 280E is Outdated and How 280E Cripples Today's Cannabis Industry. This week, David continues Florida’s Cannabis News Podcast’s five part series on Section 280E. In this episode (Part III), we give a short history on the United States legal cannabis markets, explain why 280E is outdated, and why 280E does not satisfy any of its War on Drugs policy goals. Here are the highlights: The Nixon and Regan administrations set the stage for such low support for cannabis reform going into Bill Clinton’s presidency in 1992. Vilifying and marketing cannabis to the American public as a threat successfully maintained the status quo ‘no tolerance’ drug policies, but support for legalization began to increase. The traditional War on Drugs advertisements started to evoke humor, rather than fear, and the generation that led the counterculture movement started to have children. The cannabis industry is similar to any other traditional agricu

Florida's Cannabis News Podcast Wednesday November 11, 2020 Cannabis Taxation—Part II—President Nixon's War on Drugs Reshaped the Internal Revenue Code This is Part II of Florida's Cannabis News Podcast's five-part series on cannabis taxation. Today we are continuing the story of 280E into the 1970s and 80s. We are talking about the War on Drugs, the controlled substances act, President Reagan’s attempt to regulate drug use through the tax code, and breaking down the text of 280E itself. Part II is important to understanding how 280E came to be. I am looking forward to unpacking everything. So lets dive right into the highlights: America and cannabis have a well-documented industrial and medicinal relationship. Around 1611, colonist farmers cultivated America’s first cannabis crop and used the plant as fiber for rope and clothing. Public concern about illegal drug use rose in the 1930s due to the FBN’s media campaign that warned Americans of the alleged perils of cannabis. The 1960s, almost thirty years after

Florida's Cannabis News Podcast Tuesday November 10, 2020 Cannabis Taxation—Part I—Introducing 280E and The Evolution of the Pro Taxpayer Internal Revenue Code. This week, David introduces Florida's Cannabis News Podcast's five part series on cannabis taxation. In this episode we give a 40,000 degree overview of what IRC Section 280E is and discuss the evolution of the United States' pro-taxpayer approach to the Internal Revenue Code.  Here are the highlights: Historically, the Internal Revenue Code (“Code”) and U.S. courts applied a taxpayer-friendly approach to determine the deductibility of business expenses. In determining deductibility, the legality of the income source was irrelevant. But, with the rise of President Richard Nixon’s ‘War on Drugs’ and the enforcement of ‘no tolerance’ drug policies in the 1970s, Congress restricted their taxpayer-friendly approach. In 1981, Congress enacted Section 280E into the Internal Revenue Code, which forbids businesses who traffic Schedule I or II substances, as d

Florida's Cannabis News Podcast Friday November 6, 2020 Highlights: This week, the Florida Supreme Court hears a second round of oral arguments on the Florigrown case. Edibles hit the Florida medical marijuana market. Trulieve, popular in marijuana stocks and cannabis stocks and cannabis news, expanded operations into Pennsylvania. For a high overview, an MMTC applicant is challenging Florida’s vertically integrated medical marijuana licensing structure. Vertical integration means in order to participate in Florida’s medical marijuana market, you must cultivate, process, and distribute the plant. Grow the plant, process the plant, and distribute the plant’s products and your dispensaries. There are no individual licenses for the different aspects of the industry (that would be a horizontally integrated model, which I think depending on the outcome of this case could be Florida’s fate years).   To me, based on the judge’s questions it seems like they could be agreeing with the state that it met its constitutio

Florida's Cannabis News Podcast Wednesday May 13, 2020 Top Stories: // MedMen Closes Cannabis Dispensaries **Latest Patient Count from Florida's Office of Medical Marijuana Use Love the show? Rate, Review, and Subscribe. Twitter: @_FLCannabisNews YouTube: https://bit.ly/35Yivwq  Email: David@FloridaCannabisNewsPodcast.com! This week, Florigrown heads to the Florida Supreme Court. MedMen, popular in marijuana stocks and cannabis stocks and cannabis news, closed five dispensaries. A few were near the florida georgia line. On Florida's Cannabis News Podcast we talk about products like cannabis oil, cannabis seeds, and cannabis sativa. 

Florida’s Cannabis News Podcast Friday, May 17, 2019 Top Stories: // HB 5 Breakdown // Grandma Hester Intends to Sue Disney // Green Peak Innovations Acquires FL MMTC License ** Florida's Office of Medical Marijuana Use Weekly Patient Count Upcoming Events: Curaleaf: Marijuana 101 (May 20) Cannabis LAB Ticket Link (May 23) Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com

Florida’s Cannabis News Podcast Friday, May 10, 2019 Top Stories: // MMTCs Seek More Retail Locations // Great Grandma Arrested at Disney World for CBD Oil // 3-Year-Old's Battle Against Cancer **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // Healthcare Professional Cannabis Event (Davie) // Florida Hemp Conference (November 3rd-5th)   Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!

Florida’s Cannabis News Podcast Friday, May 3, 2019 In this week's episode, David discusses how Ray Rodrigues tried to sneak his 10% THC cap into SB 188, Florida's hemp program move to Governor DeSantis for signature, and the dispute between MedMen and its new neighbors. Top Stories: // THC Cap Sneaking its Way Into SB 188 // Florida’s Hemp Program Gets Closer to Reality // Nikki Fried WLRN Interview // MedMen and Neighbors Feud **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // Cannabis Physicians Symposium (Davie)  // Curaleaf Hiring Event (Orlando) // Cannabis LAB CEO Event (Fort Lauderdale) Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!

Florida’s Cannabis News Podcast Friday, April 26, 2019 Top Stories: // Four Licenses Looming on the Horizon **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // Green Carpet Networking Event (Bradenton) // Lift the Ban Tour (Jupiter) Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com.

Florida’s Cannabis News Podcast Friday, April 19, 2019 Top Stories: // DeSantis Issues Eight New Licenses // Nikki Fried Calls for Medical Insurance Coverage for Patients (Tallahassee Democrat) // MMTCs Compete for Retail Space (Daily Business Review)   **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // Kaya Fest Bayfront Park (Fri & Sat) // Smokechella (Orlando) // 420 Key West Fest // C-LAB Marketing in Cannabis Boca Raton (April 25) Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!

Florida’s Cannabis News Podcast Friday, April 12, 2019 Top Stories: // House pushes THC limit for smokable medical marijuana, but Senate isn't going along (Orlando Sentinel) // Jim Rosica Twitter Thread // Florida Dept. of Health Ready to Release Edibles Rules (WLRN) // No Hearing, No Vote for Florida Adult-Use Cannabis Bill (Orlando Business Journal) // UNF Poll Findings // Regulate Florida Petition // Florida For Freedom Petition **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // CannaDayz in Coral Gables (April 13 and 14) // Surterra's Cannabis 101 Monday (April 15) // C-LAB Diversity in Cannabis Wynwood (April 17) Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!

Florida’s Cannabis News Podcast Friday, April 5, 2019 Top Stories: // Florida Republicans now want to limit how much THC is in medical marijuana  // Trulieve Wins in Court  // HB 333 Moves Through The Legislature **Latest Patient Count from Florida’s Office of Medical Marijuana Use Top Events: // Cannabis Career Symposium Jacksonville // Gainesville Green Carpet Networking Love our content? Please Rate, Review, and Subscribe! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com

Florida’s Cannabis News Podcast Friday, March 29, 2019 Top Stories: // Curaleaf Sells Whole Flower in Orlando, Liberty gets the DOH Go Ahead, GrowHealthy Gets Approval // SB 1020 Moves Through The Legislature // Choom Signs LOI to Enter the Florida Market Top Events:  // Ellementa Jacksonville Friday March 29 // Green Carpet Networking in Tampa March 31 // Chase Women's Club Event in Boynton April 3  Love our show? Love our news? Please Rate & Review! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!

  Florida’s Cannabis News Podcast Friday, March 15, 2019 Top Stories: // Smokable Cannabis Now Law (Tallahassee Democrat) // How Soon Can Patients Buy Whole Flower? (Tampa Bay Times) // Cresco Labs Enters Florida Medical Cannabis Market with $120 Million Acquisition (New Cannabis Ventures) // Cocoa Beach Votes to Decriminalize (Florida Today) Weekly Florida’s Office of Medical Marijuana Use Update: Qualified Patients: (Active ID Card): 194,997. Top Events: // Medical Cannabis Talk with Dr. Fred Harvey // Melbourne Educational Event // Knox Medical CBD Event in NMB Love our show? Love our news? Please Rate & Review! Connect with us on Twitter: @_FLCannabisNews, or email:FloridaCannabisNewsPodcast@gmail.com!

Florida’s Cannabis News Podcast Friday, March 15, 2019 Top Stories:  // Florida House Passes SB 182 // Miami Beach All out MMTC Ban  // Cannabis Leaders Gather in Tallahassee Top Events: // Cannabis LAB Investing in Cannabis // Lift the Ban Tour Coming to Doral // Knox Medical CBD Event in NMB Love our show? Love our news? Please Rate & Review! Connect with us on Twitter: @_FLCannabisNews, or via Email: FloridaCannabisNewsPodcast@gmail.com!