#cannabispolitics – “More specifically, the bill aims to implement an excise tax on cannabis products, starting at 5% for small and mid-sized producers and gradually increasing to a maximum rate of 12.5% after five years from enactment. For larger cannabis businesses, the excise tax would begin at 10% and gradually increase to a maximum rate of 25%.”

https://www.cannabisbusinesstimes.com/article/cannabis-adminstration-opportunity-act-filed-congress/

Courtesy of MjBiz Daily

#californiacannabis – “Agricultural workers are generally exempt from overtime requirements under federal labor law.

However, the marijuana industry operates out of compliance with federal law, leaving employment regulations to state authorities. The Riverview case was brought and settled in California state court.”

https://mjbizdaily.com/ca-cannabis-grower-agrees-to-825k-class-action-wage-settlement/