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Grown Rogue Appoints Tom Fortner As Chief Operating Officer

Cannabis Law Report

Tom stayed on as President of Hines Color Division, leading the seven, newly acquired independent color businesses until 2003. He oversaw sales growth from $117MM to $132MM and profit expansion from $21MM to $24MM. of cultivation infrastructure. Tom Fortner’s experience goes back over 40 years. Prior to that, he served as a U.S.

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

Cannabis Law Report

Under Federal law, cannabis is a “Schedule I” controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana – even medical marijuana recommended by a physician – is prohibited as a matter of Federal law. [ix]. Deductions. COGS is the costs of acquiring inventory, through either purchase or production.

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California: Which Set of Books?

Cannabis Law Report

of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.