Cannabis Accountants Wanted!

Taxnexus makes software to automate the production of cannabis tax returns in California and Oregon today, and more states to come in the near future. Taxnexus Is Open For Business Taxnexus is now open for business in stealth mode, and we would love cannabis accountants around the United States and Canada to join us as[…]

New Taxes for California Cannabis Industry

Welcome to the evolving world of cannabis legislation and taxation in California. With the recent 2018 midterm election, a green wave of new laws and regulations has washed ashore, and Taxnexus, a cannabis tax compliance service provider for cannabis businesses, has analyzed the results, looking for insights to guide cannabis business owners in 2019. In[…]

Three New States Legalize Cannabis

Three New States Legalize Cannabis Americans in four states had measures on their midterm ballots to legalize cannabis, whether for recreational or medical use. With enough votes in to call the results, Michigan, Utah and Missouri join the 30 states that have legalized cannabis either for medical, recreational or both usages. Specifically, Michigan joins as[…]

California Midterm Ballots To Bring Green Wave of Cannabis Tax Regulations

As state and local jurisdictions rake in millions of dollars in tax revenue from the state’s legal cannabis industry, new states, counties and cities are piling onto the cannabis tax bandwagon. There are currently hundreds of local cannabis business taxes in place in California. On the November ballots, there are 47 new local cannabis tax[…]

Metrc, A Cannabis Regulatory Track-and-Trace Solution, Secures $50 Million for Growth Funding

PRESS RELEASE Tiger Global, Casa Verde Capital back the leading cannabis track-and-trace system October 24, 2018 (Lakeland, FL) – Metrc announced today that it closed a $50 million funding round led by Tiger Global Management and Casa Verde Capital. Source: Metrc, A Cannabis Regulatory Track-and-Trace Solution, Secures $50 Million for Growth Funding

Taxnexus Predicts a Cannabis Green Wave on November 6, 2018

Taxnexus Predicts a Cannabis Green Wave on November 6, 2018   States, counties and cities are piling onto the cannabis tax bandwagon. While pundits on TV talk about a pending Blue Wave on November 6th, Taxnexus sees a Green Wave of 43 new local cannabis tax measures in California and 4 state legalization measures on[…]

California Cannabis Tax Revenues Fall Short of Projections Again for the Second Quarter

As the nation’s largest legal cannabis market, the regulators had projected $185M in cannabis tax revenues for the first six months of 2018. However, the cannabis taxes collected during this period have fallen significantly short. Based on the figures released by the California Department of Tax and Fee Administration, the cannabis tax revenues were $60.9M[…]

Taxnexus Enables Cannabis Taxpayers with Automated Tax Compliance Solution.

With the new wave of cannabis legalization, not only do cannabis businesses (aka “taxpayers”) have to comply with stringent product regulations, but also with complicated tax laws. The complexity of taxes is especially felt by cannabis taxpayers in states like California where the state regulators have not placed a standard for localities for implementing cannabis[…]