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Archive

Category: News

January 09, 2024 | By Emily Vetter

Top 10 Dispensary Sales Days of 2023

The numbers are in for 2023’s cannabis sales. Over the year we’ve seen certain trends arising over when people spend money in dispensaries. Traditionally, cannabis sales start to see serious peaks toward the back half...

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October 04, 2023 | By Emily Vetter

Why Compliance Software Matters: 161 Oklahoma Cannabis Dispensaries Receive Overselling Fines

What’s the current cannabis status in Oklahoma?   As of earlier this year, Politico reported that Oklahoma is home to 2,688 dispensaries– a far and away number compared to the rest of the country. Those...

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September 05, 2023 | By Emily Vetter

What is a Schedule III Substance?

Towards the end of August 2023, President Biden’s Department Health and Human Services (HHS) issued a letter to the Drug Enforcement Administration (DEA) requesting that cannabis be rescheduled from a Schedule I substance to a...

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August 31, 2023 | By Emily Vetter

What Happens to Tax Code 280E if Cannabis is Rescheduled to a Schedule III Substance?

With the Department of Health and Human Services (HHS) actively requesting that the Drug Enforcement Administration (DEA) reschedule cannabis, there are a lot of questions of what this means. We covered the initial motion to...

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August 30, 2023 | By Emily Vetter

Federal Government Considers Rescheduling Cannabis as a Schedule III Substance

Currently as of August 2023, cannabis and all THC-infused products are classified by the DEA (Drug Enforcement Administration) as a Schedule I controlled substance. This classification places cannabis alongside heroin, ecstasy, and peyote. The DEA...

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August 22, 2023 | By Emily Vetter

The Eras Tour Effect and Cannabis Dispensaries

Recently the Federal Reserve Bank of Philadelphia addressed the ‘Switftie’ spend as a result of Taylor Swift’s Eras tour. The Fed said that “Taylor Swift’s tour helped boost travel and tourism in the region”, per...

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