Workers At Another Missouri Marijuana Business Secure A Union Contract
Key Takeaway
"We already got our raises. Our [personal time off] is taking effect. Bonuses have been handed out…and job security is in place." By Rebecca Rivas, Missouri Independent It's been nearly a month since Key Cannabis Dispensary employees in Springfield ratified their first collective bargaining agreement that includes wage increases, bonuses and additional time off to
What This Means for Cannabis Businesses
Tax developments like this directly impact the bottom line for every cannabis operator. With Section 280E creating effective tax rates above 70% for many businesses, any shift in federal tax policy - whether through rescheduling, court rulings, or IRS guidance - can mean the difference between profitability and closure. Cannabis business owners should work closely with a specialized CPA to understand how these changes affect their specific situation.
Illinois Cannabis Market Overview
Illinois launched its recreational cannabis program with a strong social equity focus. The state has seen significant growth in dispensary count and sales. The state has approximately 800 active cannabis licenses and 7 licensed testing laboratories. There are 48 cannabis professionals serving Illinois businesses on our directory, including CPAs, attorneys, and compliance consultants.
Related News
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IRS Disputes Cannabis Company's Challenge to 280E in Tax Court
Michigan Cannabis Sales Fall to Lowest Level in Two Years Under New Wholesale Tax
Congressional Research Service Questions Constitutionality of Cannabis Tax Section 280E
This analysis is based on reporting by Marijuana Moment. Read the original article. CannaBizGuide provides original commentary and analysis - this is not legal or tax advice.