The COVID-19 depression’s and the financial future for cannabis is here summarized, in terms of its impact on financial record-keeping and tax reporting.
Green Market Report

  • To catch everyone up: Questionably conceived and poorly executed, Prop. 64 legalized REC. Then, regulation of adult-use cannabis, too, was not implemented well. The industry has since expanded dramatically and “made a precipitous downturn inevitable.” All pre-quarantine.
  • In comparison, every California market is a lot closer to normalcy than Nevada.
  • The series’ remaining three sections address adjusting to the COVID-19 new normal, approaches to maximizing profitability, and the impact of the coronavirus on social-equity programs.

Quick Hits

  1. For a macro-view of what Golden State chaos looks like, have a gander at our Los Angeles flavor. Legal weed in L.A. somehow manages to be out of control and glacial, at once.
    MJ Biz Daily
  2. Meanwhile, in San Diego sales were down even before Comic-Con, a legal weed economy pick-me-up, was canceled for July