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The State of Cannabis Banking at a Pivotal Moment in the Industry: Q&A with Safe Harbor Services’ Amanda McComb

SpeedWeed

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52
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Understanding Medical Marijuana Laws in California

MMJ Recs

Legal Framework for Medical Marijuana in California California’s legal history towards establishing a comprehensive legal framework for medical marijuana began in 1996 with the passing of Proposition 215, also known as the Compassionate Use Act.

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Two States Stick the Landing on Cannabis Legalization: Week in Review

SpeedWeed

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52
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Stockton University’s Cannabis and Hemp Research Institute to Offer Lab Testing, Education

SpeedWeed

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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CBD Ban: Brits Take Up Fight And Send Lawyers To Brussels

Cannabis Law Report

The law ((EU) 2015/2283), which applies across all member states, means any product deemed as ‘novel’ must gain authorisation from food authorities before it can be sold as a foodstuff within the EU. and derived products containing cannabinoids are considered novel foods as a history of consumption has not been demonstrated.

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Common Tax Litigation Situations Marijuana Businesses May Encounter

Connor & Connor PLLC

Memo 2015-206. 280E does not apply to costs of goods sold, a concession that is consistent with the caselaw on that subject and the legislative history underlying sec. The IRS uses a variety of indirect methods of proof including: the bank deposits analysis (most common), net worth analysis, cash-t analysis, and the mark-up method.

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California: Which Set of Books?

Cannabis Law Report

These statements can help you in dealing with your bank or creditors and help you manage your business. are established to ensure continued compliance with all applicable rules and regulations. Bank deposit slips. 3] On September 30, 2015, AB 154, the Conformity Act of 2015 was enacted. Cash register tapes.