The IRS is developing specialized pot audit teams to focus on industry compliance, an agency administrator revealed this month. Though it will likely lead to more audits, cannabis operators should welcome the shift, said an attorney involved in a prominent...
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EXCLUSIVE: This THC-O merchant says he’s here to stay
Ask a California operator who their toughest competitor is and they’ll probably say the illegal market. But these days the industry has another asymetric competitor: the murky market for hemp-derived...
Calif. labelling wars aren’t over
A bill that aims to keep weed away from kids is likely to attract strong pushback from the California cannabiz.Introduced in February by Assembly Member Jacqui Irwin, (D-LA and Ventura...
Amid investor freeze, Lowell plans to restructure
After failing to find a buyer, the parent of venerable California brand Lowell Smokes announced a proposed restructuring and debt settlement plan this week.Departing Chairman George Allen told WeedWeek that...