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Alterman Opinion Suggests Cannabis Businesses Apply Double Diligence In Records Keeping

Cannabis Law Report

Alterman involved income tax deficiencies and penalties asserted by the IRS for 2010 and 2011 against individual taxpayers who owned and operated a small Colorado cannabis dispensary. The individual taxpayers had filed joint returns for 2010 and 2011 in which they reported the income from their cannabis dispensary.

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California: Which Set of Books?

Cannabis Law Report

The original hard copy books and records may be destroyed provided that the electronic storage system has been tested to establish that the hard copy books and records are being reproduced in compliance with IRS requirements for an electronic storage system and procedures. On April 12, 2010, SB 401, the Conformity Act of 2010 was enacted.

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Cannacurio Podcast Episode 31 with Lewis Koski of Metrc

SpeedWeed

It just had spent so much time from the early ’90s all the way until roughly 2010 honing their skills, tracking agricultural projects, and tracking agricultural product and offering supply chain solutions. They can do targeted recalls if there’s something wrong with the product that could affect public health or compliance issues.

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AAFP ( American Academy of Family Physicians) Releases Marijuana, Cannabinoids Position Paper

Cannabis Law Report

The AAFP advocates for robust regulation regarding labeling and child-proof packaging of all marijuana and cannabinoid products. 5 Substantial funding and capacity is required for researchers to obtain all regulatory approval and remain in compliance while conducting cannabis-related research. THC is legal to produce. Conclusion.

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Meritas Law Firms Worldwide Article: Global Cannabis Industry: The Essential Primer

Cannabis Law Report

Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state. Some of the regulatory controls include limits on THC, packaging and labeling requirements, and products that cannot be combined with THC (e.g., Colorado has legalized both recreational and medical use of cannabis.

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