Retail store owners earn on average between $250,000 dollars and $450,000 a year, but a small percentage of these businesses makes up a million dollars in a year. The average cannabis retail store produces around $2 million yearly in sales with a 12% margin in profit. The current federal 280E tax code makes profits shrink quickly in the cannabis world. Cannabis businesses can’t take write-offs for their business, since cannabis is currently a Schedule 1 drug on the CSA.
Massachusetts regulators have mandated that all cannabis products must undergo testing at a single, licensed…
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As of December 2024, it has become official: the current Congress will not provide any…
In a significant development for the burgeoning cannabis industry, the U.S. Census Bureau has reported…
We looked into our crystal bong and this is what we saw. The post Cannabis…
The ongoing debate over cannabis legalization in Florida reflects broader national trends regarding marijuana policy.…