cannabisnow.com

0
Network
Score (What’s this?)

Perlu Network score measures the extent of a member’s network on Perlu based on their connections, Packs, and Collab activity.

View our support article for more information.

Bi-monthly print/digital publication covering relevant topics within the cannabis industry. The first cannabis magazine in iTunes.

Share
Social Audience 36K
Categories
  • Business and Finance
  • Food & Drink
  • Desserts and Baking
  • Home & Garden
  • Home Appliances
  • Healthy Living
  • Music and Audio
  • Medical Health
  • Diseases and Conditions
  • Pharmaceutical Drugs
  • News and Politics
  • Science
  • Beauty
  • Shopping
  • Traveling
Highlights
Taxation’s War on Cannabis

Harborside’s tax liability stems from the IRS’s denial of deductions under IRC §280E and the disallowances of cost of goods sold reported on Harborside’s tax returns. — costs like testing, labeling, curing, storing, trimming, manicuring, maintaining, and packaging the [cannabis], or [cannabis] products — in its cost of goods sold. In response to Harborside, the IRS admits in the Appellee’s brief, “if Harborside could establish that Section 471 permits it to include indirect costs in its cost of goods sold, Section 280E would not prevent that result, as that section only bars Harborside’s claim to deductions. The regulations tell producers to capitalize the “cost of raw materials,” “expenditures for direct labor,” and “indirect production costs incident to and necessary for the production of the particular article…” This would allow Harborside to include in COGS the cost of the cannabis plant, costs of testing, labeling, curing, storing, etc.

Edibles: How to Make Canna-Butter and Canna-Oil

The process to make canna-butter and canna-oil are the same, but I prefer to make my extractions using whole buds, not leaves or stems because the better and stronger the cannabis you use, the better the final product will be. Step 2: Place a large saucepan on the stove and add enough water so that it is about four to five inches deep. Step 6: While the canna-butter is cooking set up the bowl to hold the finished product. Step 7: When the mixture is thick and glossy, strain the marijuana butter over the bowl, carefully so as not to spill.

The Art of Terpene Recreation: Replicating Cannabis Strain Profiles

While cannabis strains are typically praised for the strength and effects of their cannabinoids, a growing number of connoisseurs and industry pros alike are recognizing that a strain’s terpene profile can be of equal import. The company, co-founded by industry veterans Oleg MaryAces and Andres Moreira, has developed a series of CBD vape cartridges that try and recreate the terpene profiles of four iconic strains: Girl Scout Cookies, Cherry Pie, Tangie and Blue Dream. Other terpene-minded businesses have taken a different approach: Blue River Terpenes, in Oakland, California, for instance, borrowed inspiration from the fragrance industry to develop a line of cannabinoid-free versions of some top-shelf strains including Cookies and Wakanda Grapes (and sells them at top-shelf prices) that can be applied to the skin or even added to food. The company’s CEO Tony Verzura developed a modified vapor vacuum distillation system that, as Leafly pointed out, is capable of extracting terpenes “by using only nitrogen, oxygen, and reverse osmosis (or RO) water.” Finding the middle ground between these two companies, the Colorado-based company Evolab adds “FreshTerps” extracts to their various products in various proportions.

‘Dirt Is Inert, Soil Is Alive’

I’ve done side-by-side comparisons with plants grown in commercial soil mixes and fed bottled chemical nutrients to others grown in a local soil with only top dressing and water,” Alter says. While many farmers would truck in hundreds of yards of pre-mixed peat moss, perlite and coco coir to cover the clay soil, Alter Farms took a different approach and worked to improve the clay soil itself. It’s only been a few weeks since Alter Farms finished harvesting, and the rows have already been tilled, amended, broad forked, planted with a cover crop and layered with locally collected leaf material. Our cover crop is a mix of vetch, peas, cereal grains, a couple different mustards and a type of rye that, when we till it in the spring, has a fumigant effect that drives away pathogenic fungi and root-feeding nematodes and symphylans,” Alter says.

Join Perlu And Let the Influencers Come to You!