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Compliance Outfit, Simplifya, To Offer Services in New Mexico

Cannabis Law Report

Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. Company’s Proven Compliance Solution Helps Cannabis Operators Stay Compliant as State Readies Adult-Use Market. Simplifya Smart Cabinet.

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New Study Says. Not One California Dispensary Caught Selling to Minors

Cannabis Law Report

The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. 2007, Shults et al., MRR writes. Introduction. 2001, Voas et al.,

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Over 800 Companies Appeal Missouri Granting Of Cannabis Business Licences Saying Nevada Appointed Licensing Management Company Failed In Fair Assessment Of Applications.

Cannabis Law Report

It awarded 60 licenses to grow marijuana, 86 to make marijuana-infused products and 192 to open dispensaries. Serving as the project’s Executive Lead, Westom has more than 20 years of experience working in Quality Assurance and regulatory compliance at prestigious companies and government agencies. NEWS PROVIDED BY.

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

Cannabis Law Report

These laws led to the formation of the first marijuana dispensaries – which brings us to our next contestant. Taxpayer hails from California, where they operate a medical marijuana dispensary out of a space that has a reception area, healing room, purchasing office, processing room, clone room, and multipurpose room.

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California: Which Set of Books?

Cannabis Law Report

5037 [10] , track-and-trace records [11] , and track-and-trace reporting requirements [12] for Retail Dispensaries. are established to ensure continued compliance with all applicable rules and regulations. Taxable Year 2007 – California Conformity to Federal Law. See below for the Summary of Federal Income Tax Changes.

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Common Tax Litigation Situations Marijuana Businesses May Encounter

Connor & Connor PLLC

a California medical marijuana dispensary, and denied Canna’s deductions for operating expenses, including significant amounts for employee salaries and vehicle expenses. 173 (2007)(“ CHAMP ”) , the government acknowledged that Section 280E does not prohibit a taxpayer from claiming costs of goods sold (COGS). See Canna Care, Inc.

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International and Cross-Border Tax Issues in the Cannabis Industry

Greenspoon Marder Cannabis Law Group Blog

The regulations provide inventory accounting rules for resellers (Dispensaries) at section 1.471-9 and for producers under the “full absorption method” at section 1.471-11.[8] 11] The courts have also held that the paraphernalia and T-shirt component of a dispensary isnot a separate business and it is also subject to section 280E.