New Mexico cannabis industry

New Mexico Sustains Record Breaking Cannabis Sales

With more and more people recognizing the value of cannabis in their lives, they are looking for ways to get involved with the industry. New Mexico’s cannabis industry is growing at an impressive rate — one that will continue as long as reforms stay on track. The New Mexico cannabis…
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California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations.

California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations. On June 30, Governor Gavin Newsom signed legislation implementing the 2022-23 state budget, including a trailer bill focused on cannabis policy. The legislation, which took effect immediately, brought sweeping changes to California’s marijuana regulations. It will significantly…
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FDA Strikes Back against CBD Sellers

Certain violations include unapproved marketing drugs, misbranding food products, and adding Delta-8 THC (a synthetic form of tetrahydrocannabinol) to food items. Five firms were issued warning letters by the U.S. Food and Drug Administration for selling items described as having delta-8 tetrahydrocannabinol (delta-8 THC) in methods that violated the Federal…
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Effective April 21, 2022 (why wasn’t it 4/20?), individuals over 21 years of age may purchase recreational cannabis. Currently, there are twelve dispensaries statewide. These dispensaries commenced originally under New Jersey’s Medicinal Cannabis Program. The regulating body in New Jersey is the Cannabis Regulatory Commission—CRC. The New Jersey Cannabis Regulatory…
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Cannabis Accounting

3 ‘Tricks’ To Avoid In Cannabis Accounting

The marijuana industry’s legality is still just a few years old in many states. Some cannabis accounting firms are still finding their feet and determining the best procedures for their customers. The cannabis sector is expanding, bringing a new set of accounting issues. As more and more businesses enter the…
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All of us have in some way, shape or for form have been adversely affected by the Coronavirus.  While this is not indigenous to cannabis, this is information that may prove to be of great value for you or people you know. TAX EXTENSIONS From the Internal Revenue Service: The…
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Watch out for our next blog, coming soon!

SandySandy Suchoff, CPA is the Founder and principal of Lefstein-Suchoff, CPA & Associates, LLC D/B/A The Canna CPAs. Suchoff has been featured and interviewed on MSNBC, FOX News, and Tune In Business Talk Radio as a tax advisor, as well as ONR Oklahoma PBS TV, Chasing News on FOX &…
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