Despite What Critics Say: Arizona Medical Marijuana Dispensaries Pay Substantial Federal, State, County & City Taxes
PHOENIX, April 26, 2019 /HalcyonTV/ -- In addition to paying nearly double what most businesses pay in federal taxes (thanks to the 280E federal tax provision) Arizona's medical marijuana program contributes substantial state and local tax revenue right here in our state.
Medical marijuana businesses are required to pay all state and local taxes. Medical-marijuana sales are subject to the state's 5.6 percent sales tax, as well as city and county taxes that range from 0.25 percent to 4 percent.
Tim Sultan - Executive Director, Arizona Dispensaries Association
The Arizona Dispensaries Association (ADA) estimates that medical marijuana sales last year brought in $46 million in state and local tax revenue. That money is used by local governments to fix roads, support education and preserve public safety.
In addition, the 117 operating medical marijuana dispensaries, and their integrated farms, also pay property taxes in Arizona.
Finally, the state fund from card fees, which cost dispensaries $500 annually to renew for each employee, has overflowed to $60 million so far.
Arizona's medical marijuana program currently provides access to 190,000 patients in a state with 7 million people. Those Arizona patients pay all their taxes on medical marijuana, while all pharmaceutical drugs are tax-exempt.
Tim Sultan, Executive Director of the Arizona Dispensaries Association (ADA), said, "Arizona taxpayers benefit from every sale of medical marijuana. And the small business owners, who operate local dispensaries, are proud to give back to their communities."
The AZ Department of Revenue, counties, and cities all have tools available to ensure tax compliance from the industry – just like any other business. The ADA says they work collectively with government entities, including Arizona's Dept of Health Services and Dept of Revenue, to provide education and ensure compliance in this emerging industry.
The Arizona Dispensaries Association (ADA) is the voice of Arizona's cannabis industry. ADA membership is comprised of licensed dispensary owners and those actively engaged in business in Arizona's medical marijuana industry. The organization is dedicated to advancing the AZ cannabis industry through political advocacy, public education, and professionalism.
Learn more at http://arizonadispensaries.org/
First of Three Day Cannabis Trade Show Happening At Toronto's International Centre
TORONTO, April 25, 2019 /HalcyonTV/ - O'Cannabiz, Canada's leading business-focused cannabis conference and expo, kicks off today at Toronto's International Centre with a powerful opening keynote from rocker-turned-cannabis advocate Henry Rollins.
"O'Cannabiz is back, bigger than ever, and we are super-proud of what our team has produced for 2019," said Neill Dixon, founder of O'Cannabiz. "Our attendees expect the number one-rated cannabis event in Canada, which includes a business breakfast, breakout sessions, a stacked roster of speakers, a women's brunch, and of course, the tradeshow floor. We plan to over-deliver on this expectation."
Thursday's featured speakers include:
Click here for more information about the O'Cannabiz conference and expo.
Cision is an official distribution partner of the O'Cannabiz Conference & Expo.
Lowell Herb Co., Global Green Partner To Launch "Green New Deal;" Pre-Roll Pack Promotes Sustainability In The Cannabis Industry
Proceeds To Benefit Low-Income Communities Helping Create Sustainable Schools, Neighborhoods, Affordable Housing
LOS ANGELES, April 22, 2019 /HalcyonTV/ -- Lowell Herb Co., the country's top-selling pre-roll cannabis brand, announces a "Green New Deal" pre-roll cannabis pack, conceived in collaboration with Global Green, the American affiliate of Green Cross International, founded by President Gorbachev to foster a global value shift toward a sustainable and secure future. The new product will be available this spring with a portion of proceeds benefiting Global Green in support of urban sustainability in disenfranchised communities.
The collaboration between Lowell Herb Co. and Global Green was born of a shared mission for sustainability and a fundamental goal to advocate for clean, ethical and sustainable practices in the cannabis industry. The program will encourage cannabis companies to focus on:
"This effort fuels much needed support of underserved communities in helping them to achieve sustainable and green environments," said Rachel Simon, vice chairperson and founding family member of Global Green. "David and the Lowell team appreciate and support our goal of empowering residents to take action for the betterment of their local neighborhoods."
"Green New Deal" will come in a 1/8th pack and includes seven .5 gram pre-rolls of Lowell Farms' signature sun-grown California cannabis, custom-blended with hand-crafted sativas from their network of family farms.
For 25 years, Global Green has been a national leader in advancing smart solution to climate change in cities across the United States. Our programs address the environmental impact of individuals living in urban communities by encouraging environmental empowerment, strengthening their neighborhoods' climate resilience, and increasing our constituents' access to climate education. We help local governments, schools, and public agencies integrate sustainable design, clean energy, and water reduction measures; as well as help people reduce waste, live better, and create a more sustainable future. Global Green takes a community-based approach to neighborhood planning, aimed at educating and empowering local residents on how to take action to help their communities adapt and respond to local climate change impacts.
The limited-edition "Green New Deal" blend will be available this spring in California cannabis dispensaries for $40. For more information on Lowell Herb Co., please visit www.lowellsmokes.com. To learn how you can support Global Green, please visit www.GlobalGreen.org.
About Lowell Herb Co.
Lowell Herb Co. is one of the fastest growing, most talked about cannabis companies in North America. Its signature product, Lowell Smokes, is the number one selling pre-roll in California. Available in over 300 dispensaries, Lowell cultivates and sources flowers grown by award-winning farms that grow only with organic fertilizer.
Fully compliant space lets cannabis businesses quickly enter or expand in the California market with low overhead, negotiated utility rates, and favorable taxes
NEWPORT BEACH, Calif., April 18, 2019 /HalcyonTV/ -- BlackStar Industrial Properties (www.blackstarip.com), announced that is has a single space left in its state-of-the-art cannabis complex in Southern California. Lease applications are now being accepted for this space as well as for Phase 2, scheduled to begin occupancy later this year.
With over 20-years' experience building large-scale communities throughout California, BlackStar worked with some of the leading experts in the cannabis industry to build the world's finest, fully licensed and compliant cannabis complex. BlackStar has been leasing space to responsible and professional businesses seeking to enter or expand in the California market.
Laurie Holcomb, President of Blackstar Industrial Properties said that the complex is unique for a number of reasons.
"Many start-ups underestimate the challenges ahead. For instance, some companies leased space in a new 'cannabis zone' only to discover the property had not obtained water rights or sufficient electrical capacity, which will be expensive and take years to remedy.
"Others found excessive local taxes that could have been avoided if they built in an adjacent city. And some entrepreneurs failed to consider that power rates vary greatly, not only from one region to the next, but sometimes from one side of the street to the other."
With years of land building expertise, Blackstar knew how to work through these issues, and developed a fully-licensed indoor facility, designed and constructed by leading architects, engineers and general contractors, geared toward attracting the industry's top compliant cannabis brands and companies.
The complex features some of the lowest taxes in California, along with guaranteed power at agricultural rates, fiber optic infrastructure, plenty of parking with easy freeway access, and low lease rates.
"We developed the first cannabis campus of its kind, with state-of-the-art technologies, best-in-class innovations, a top line infrastructure, and in a cannabis friendly location," Holcomb said. "This complex is where the industry's best and brightest will go to grow their companies and expand their brands."
Those interested in entering or expanding in the California cannabis market, can call BlackStar Industrial Properties for information or a lease application, at (949) 257-1177.
For more information, visit: www.blackstarip.com.
Coral Reefer Launch Begins in Florida, to Expand to Additional Markets Nationwide in 2019
ATLANTA, April 16, 2019 /HalcyonTV/ -- Surterra Wellness (Surterra), one of the nation's fastest growing health and wellness companies, will officially kick-off the national launch of the Coral Reefer™ cannabis brand, a range of wellness-focused cannabis products and lifestyle merchandise, in Florida on April 19. The highly anticipated Coral Reefer brand will initially be exclusively distributed through the more than 20 Surterra Wellness Centers located in most major cities throughout Florida, and will roll-out in other states, including California and Nevada, by mid-summer 2019.
"It never dawned on me that Coral Reefer would be anything other than a cool name for a tropical band born out of the Key West lifestyle in the mid-70s," singer, songwriter and best-selling author, Jimmy Buffett said. "But life is supposed to be about having fun and staying healthy enough to enjoy it. I think Coral Reefer will help a lot of folks do that."
Surterra Wellness developed Coral Reefer in collaboration with Jimmy Buffett and the Coral Reefer team based on a landmark global licensing deal. The new Coral Reefer cannabis brand aims to enhance peoples' lives while representing the carefree, relaxed roots of Key West. The launch of Coral Reefer represents a new approach of bringing cannabis and lifestyle products to consumers through an exclusive collaboration with an established, iconic, global brand.
"Launching Coral Reefer marks another exciting and transformative milestone for Surterra Wellness in a period of rapid growth," said Surterra Chairman and CEO William "Beau" Wrigley, Jr. "The Coral Reefer brand reflects our intention to give consumers access to high-quality wellness and cannabis-based products through best-in-class partnerships with people and organizations that reflect our standards and values. Jimmy and his team share our commitment to quality and the belief that individuals can find personal wellness through the relief enhancing benefits and healing properties of cannabis."
At launch, Coral Reefer will offer a selection of cannabis-based product formulas available in both disposable and reusable battery vaporizer formats and branded merchandise, including hats and t-shirts. The uniquely designed vape pen called the TideRider™ embodies the spirit of the brand with a sleek surfboard design, variable temperature controls and advanced ceramic coil technology for a clean and consistent vaping experience. All branded products feature the new signature Coral Reefer logo, a distinctive tropical design and Key West-inspired colors.
Later this year, the Coral Reefer brand plans to extend its product line to include edibles, topicals, pre-rolls, and CBD only formulas, inspired by tropical summer days. The expanded product selection will provide alternative ways to access the beneficial effects of cannabis, offering even more ways to unwind, relax and de-stress.
"Our intention is to create cannabis products that provide natural alternatives for consumers to achieve personal wellness," said Beau Wrigley. "This is a pivotal time in the industry, where perceptions of cannabis continue to evolve. Coral Reefer provides a new platform to expand the conversation around cannabis use and change the misconceptions of this truly beneficial plant that can improve the health of millions of Americans."
Coral Reefer vaporizer formulas have four different CBD-to-THC ratios that range from mild to high intensity (Low Tide, Mid Tide, High Tide and Tsunami) and were developed to provide tailored benefits for adults seeking pain relief, mood management, or total body relaxation.
Coral Reefer Vaporizer Formulations
About Surterra Wellness
Surterra Wellness (Surterra) is one of the nation's fastest growing health and wellness companies. With vertical operations in Florida, Texas and Nevada, and a pending acquisition in Massachusetts, Surterra brings a broad portfolio of high-quality brands to meet the needs of individuals who choose the natural medical relief and wellness enhancing benefits of cannabis products. Surterra offers a wide variety of medical, health and wellness products in multiple delivery options, including vaporizer pens, tinctures, oral sprays, topical creams, time released transdermal patches, and softgels. The company's brand portfolio includes: Surterra Wellness, Florida's Finest, The Apothecary Shoppe, and now Coral Reefer brands. Founded in 2014, Surterra serves thousands of consumers each year. For more information, please visit www.surterra.com.
About Coral Reefer, LLC
Coral Reefer, LLC, a global licensing company significantly owned by Jimmy Buffett, is the owner of the Coral Reefer™ brand. Through a global licensing deal with Surterra Wellness, the Coral Reefer™ cannabis brand will offer a variety of effects-based cannabis products, lifestyle merchandise and wellness-focused products to enhance peoples' lives while representing the carefree, relaxed roots of Key West. Coral Reefer cannabis products are designed to provide the benefits adults seek – from pain relief to mood management to total body relaxation. Coral Reefer offers carefully crafted cannabis vaporizer formulas in different CBD-to-THC ratios that use natural terpenes to optimize the cannabis' beneficial effects. Coral Reefer is available exclusively through Surterra Wellness Center locations in Florida, with nationwide distribution over time.
For more information, please visit www.coralreefer.com. Follow Coral Reefer on Facebook at www.facebook.com/coralreefercannabis, and on Twitter and Instagram at @CoralReefer.