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Keep cannabis farming accessible to farmers. Write to your supervisor and planning commission and join us at meetings to stop attempts to make cannabis production cost restrictive.
Keep cannabis farming accessible to farmers. Write to your supervisor and planning commission and join us at meetings to stop attempts to make cannabis production cost restrictive.
How Cannabis Will Impact the Wine Trade
NewsSeven Fifty Daily, August 12, 2019
Citing figures from Colorado, Washington, and Oregon, the first three U.S. states to legalize adult-use (recreational) cannabis, Beck pointed out that wine sales have remained relatively steady since legal marijuana sales began. According to the Distilled Spirits Council, which studied sales of spirits, beer, and wine as it related to cannabis, per capita sales of wine increased 3.2 percent in Colorado and 0.7 percent in Oregon.
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Panelists Vow to Fight Cannabis Vilification
NewsSanta Barbara Business News, August 8, 2019
Panelists spoke to a packed crowd of about 100 cannabis industry enthusiasts last week. Autumn Shelton, of Autumn Brands in Carpinteria, said her company has successfully reduced odors that have many Carpinteria residents up in arms. As she called for industry members to fight the “lies and propaganda” put forth by cannabis detractors who believe nothing can be done about cannabis crop odors, she said someday they will go away while other food crop odors will persist.
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Life looking good for Santa Barbara marijuana operators
NewsMarijuana Business Daily, July 25, 2019
Despite setbacks and hurdles, the longtime agricultural community in Santa Barbara embraced the marijuana industry – especially on the cultivation side – and that success has created both snags and promising business opportunities.
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Booming Demand for CBD Is Making Hemp the Cannabis Cash Crop
NewsBloomberg, July 17, 2019
American farmers are plowing into the hemp industry in Colorado, Kentucky, Montana, Oregon, and other states. This year, more than 200,000 acres of hemp are licensed to be planted in the U.S., up from roughly 25,000 two years ago. Asia, which has a long history with natural medicines, is also seeing growing interest in cannabis. In 2017, China planted at least 113,000 acres of hemp, according to New Frontier, an industry researcher. Cultivation is also on the rise in Colombia, Greece, Jamaica, and even the southern African nation of Lesotho.
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How the U.S. tax code keeps the illegal market for marijuana alive and well
NewsLos Angeles Times, July 15, 2019
Under Section 280E of the IRS code, cannabis businesses are not allowed to take tax deductions on normal business expenses like employee salaries, rent and utility bills because the federal government considers their trade illegal drug trafficking — even where cannabis sales are legal under state law. As a result, the effective federal tax rate for legal cannabis businesses can reach 70% to 90%. No other industry has to operate with this very high tax rate.
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