Entries by Brigid Galvin

Six Months after Oklahoma State Question 788: Challenges and Opportunities Plentiful in the Wild, Wild Mid-West

Voters in North Dakota, Ohio, and Arkansas approved medical cannabis programs in 2016. Louisiana legalized medical marijuana through ultra-restrictive state legislation in 2015. Yet, none of these states have been able to achieve what Oklahoma has accomplished in just six months: the first sale to a registered patient. “I think we really are the wild, […]

Quartz: Cannabis companies are paying federal taxes in cash and it’s giving the IRS a headache

By Justin Rohrlich,  Originally posted in Quartz, November 14, 2018   Marijuana is now legal, in one form or another, in 33 US states and the District of Columbia. To the federal government, pot is still a drug classified no differently than heroin or cocaine. Yet cannabis businesses are still required to pay federal taxes. (More taxes than […]

IFRS Biological Assets in the Cannabis Industry

In the cannabis industry, the current trend is going public on a Canadian stock exchange through a reverse merger. Going public provides access to vast amounts of funding and high valuations that allow cannabis companies to invest heavily in acquisitions, grow their brand, and gain market share. Part of going public in Canada is applying […]