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California: CCT and CET Collection Mechanics: “CDTFA failed abysmally to inform and educate the entire group – cultivators, distributors, and manufacturers, regarding the record-keeping responsibilities relating to CCT.”

Cannabis Law Report

We are publishing this Post as the foundation for a series of at least three Posts in which we will suggest best practices in the financial record-keeping for cultivators, distributors, and dispensaries [2]. The injury that CDTFA has caused does not stop with the cannabis tax dollars California did not collect.

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Article: Track and Trace for Medical and Adult Use Marijuana Programs

Cannabis Law Report

The Chief Operating Officer of BioTrackTHC, Moe Afaneh, gave a high-level overview of the company’s seed-to-sale software for state-level data collection. The use of the state’s web-based platform will be mandatory for all registered caregivers, dispensaries, and adult use licensees. MEhelp@biotrackthc.com. 844-420-8324.

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LA Times Documents Cannabis Players Offering Bribes To Public Officials In CA

Cannabis Law Report

Here’s a snippet of the LA Times article which is well worth a read in its entirety at. Janice Hahn when he accepted cash from an undercover FBI agent while pledging his “undying support” to protect a marijuana dispensary that the city of Compton was trying to close. Wright’s trial is scheduled for August.

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Formation and Set Up of Cannabis Industry Business

Cannabis Law Report

We have spent the past couple of articles reviewing the differences between “bookkeepers”, “generic accountants”, and “professional accountants”, the final phrase being limited to certified public accountants [‘CPAs” in the United States [1]. There are situations where somewhat more specialized documents may be required.

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Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

SpeedWeed

White is listed individually in the charging document by his formal name, Sharod White.). They both admitted as much in court documents. . & A document in a related civil matter (discussed a bit later) and signed under oath by Jones just three weeks before the filing of the Genetixs lawsuit, demonstrates this point.

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Greed & Cannabis

Cannabis Law Report

We want to first describe some of our qualifications for writing this article. Before we get to the principal reason for this article, we must comment on an aspect of greed that is frequently overlooked as a cause of the chaos in California’s cannabis industry. CDTFA failed almost as badly as CalCannabis.

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California: aBIZinaBOX Inc Publish Open Letter Addressing , “Second discussion paper on proposed amendments to Regulation 3700, Cannabis Excise and Cultivation Taxes”

Cannabis Law Report

We have yet to see a receipt from a dispensary that contains all of the information that should be present as well as a proper calculation of all of the relevant taxes [4]. Our second set of concerns relates to what we refer to the three “Black Holes” in the CCT and CET reporting and collection process. The regulations state.