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California: Which Set of Books?

Cannabis Law Report

Let’s begin with an old joke…how many sets of books does a business need to keep? Let’s begin with an old joke…how many sets of books does a business need to keep? We will start with the IRS requirements for maintaining books and records for any business. AUTHOR: JORDAN ZOOT. PUBLISHER: CANNABIS LAW REPORT. The California Dept.

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Citrus dynasty: A Tangie family genealogy

SpeedWeed

Tangie’s breeders refined an aroma and effect that have become fundamental to any cannabis shop menu in 2021, said Oni Seed Co. In the sunny, hot, remote foothills, the Crocketts collected popular strains of the ‘70s and ‘80s—like California Orange (Cali-O)—and worked them through the ‘90s until today, always breeding seeds for the next year.

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Searching for the origin of Blue Dream marijuana strain

SpeedWeed

Marine fog casts a gray haze and fills the air with palpable moisture on the coastal bluff overlooking the vast blue expanse of the Pacific Ocean. Adequately dense, but not rock hard, the nugs are pale green with orange hairs and, while its appearance does showcase a bit of frostiness from the trichomes, it’s not incredibly sticky to the touch.

Strains 52
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The best new marijuana strains to grow in 2021

SpeedWeed

North America’s weed gardeners, big and small, have begun their annual run on marijuana seed stores. We’re getting slammed,” said Nathaniel Pennington, founder of seed leader Humboldt Seed Company in California. He drops seed packs at dispensaries from mountainous McKinleyville, CA, to postcard-perfect Pacific Beach, San Diego.

Strains 52
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Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

Also during those years, California allowed the collective or cooperative cultivation of marijuana for medicinal purposes. These laws led to the formation of the first marijuana dispensaries – which brings us to our next contestant. Deductions. But what is the distinction between a business expense deduction and an adjustment for COGS?

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Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

SpeedWeed

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. The case is titled Genetixs, LLC v.

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Just desserts: The Cookies and Cakes family genealogy

SpeedWeed

Californians legalized medical marijuana in 1996, and personal defenses against cannabis prosecution had become collective defenses—green-lighting the first dispensaries and more grows. Now for the headliner: Cookies and Cakes! Why do people wait two hours in line to spend $70 on an eighth-ounce of weed—in the middle of a pandemic?

Strains 52