article thumbnail

April 20 2022: Attaining Compliance in the Cannabis Universe

Cannabis Law Report

Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, and retail sales – and insurance professionals are a big part of addressing all of that (or they should be). Big trends and developments in compliance. Compliance standards, and the toughest states.

article thumbnail

Santa Barbara: Board of Supervisors to hear update on cannabis tax collection

Cannabis Law Report

The Santa Barbara County Board of Supervisors will hear an update on cannabis tax collection in the last quarter of the fiscal year 2020-2021 during its regular meeting on Tuesday. During the last fiscal quarter that ended June 30, the county collected about $3.8 million in gross tax receipts paid by 58 operators.

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

MJ Biz : Oakland sends social equity marijuana licensees to collections over unpaid loans

Cannabis Law Report

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. About 60% are “in compliance” with the terms of the loan, according to the report. MJ Biz report.

article thumbnail

Alert: Nevada Cannabis Compliance Board – CCB/DoT Release Annual Cannabis Taxable Sales Data Now Published

Cannabis Law Report

Together with the Nevada Cannabis Compliance Board (CCB), the Nevada Department of Taxation (DoT) released figures showing more than $1 billion in taxable sales reported by Nevada’s legal cannabis industry over a 12-month period. Additional Links & Information: Cannabis Compliance Board: Industry Statistics.

article thumbnail

And this is why compliance in California cannabis will never be taken seriously

Cannabis Law Report

It’s almost two years in, California city has 11 marijuana businesses in operation now, with about 50 more working their way through the planning process but there’s still no official cannabis compliance officer. All they need to do is look around them to see how chaotic things get without the right people overseeing the industry.

article thumbnail

CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. The amount of cultivation tax.

article thumbnail

Nevada cannabis firm accused of failing to pay state taxes

Cannabis Law Report

A marijuana cultivator and producer in Washoe County could lose its license after it avoided paying hundreds of thousands of dollars in taxes, according to a complaint filed by the Cannabis Compliance Board this week. The state collects a 15 percent wholesale cultivation and production tax on marijuana in the state.