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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. Memo 2018-83.

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California: Cannabis Regulatory Agency Representation – Qualifications of A Representative.

Cannabis Law Report

These three agencies are: Bureau of Cannabis Control “BCC” [Retail, Retail-Delivery, Distribution – Packaging], California Dept. The goal is to ease the burden of compliance with onerous regulations by having the assistance of qualified representation. The State of California has a long history as a leader in consumer protection.

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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. Cannabis use, both medically and recreationally, is prevalent throughout history. Medicinal cannabis: history, pharmacology, and implications for the acute care setting. Background. 1 In the U.S.

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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. Taxable Year 2011 – California Conformity to Federal Law.