Remove 2007 Remove Collective Remove Dispensary Remove Packaging
article thumbnail

Tax Court’s decision in Harborside A Big Challenge For CA Cannabis Dispensaries

Cannabis Law Report

Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation (“PMACC”), the Company’s 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary. million for the fiscal years 2007 through 2012.

article thumbnail

Perfecting cannabis with Michael Backes

The Cannigma

From there, he talks about opening his first dispensary, and the basics of what we currently know about terpenes. Their beautiful packaging and marketing will put a link in the show notes. CP: These are collectives and grow operations that are growing — a pretty significant amount of cannabis for the community, right?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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. The IRS selected Taxpayer’s 2007, 2008, and 2009 income tax returns for audit.

article thumbnail

California: Which Set of Books?

Cannabis Law Report

The Sales Tax laws arms CDTFA with the power to impose personal liability on corporate officers and other “responsible persons” for failures to collect and pay-over Sales Tax [7]. 5037 [10] , track-and-trace records [11] , and track-and-trace reporting requirements [12] for Retail Dispensaries.