California: Which Set of Books?

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. Let’s begin with an old joke…how many sets of books does a business need to keep? We will start with the IRS requirements for maintaining books and records for any business. These documents contain information you need to record in your books.

California Hemp Cultivation: It’s Complicated

Canna Law Blog

There is actual law on the books for cultivation, but it mostly sat there for a few years and is only now coming to light. To understand the current state of hemp cultivation in California, we need to look back a few years.

Women’s Cannabis Wellness Network Brings on Cultivation PhD as Advisor

Canna Newswire

the fastest growing global cannabis wellness network focused on women announced today the addition of a new advisory board member, Dr. Robert Flannery, PhD of Dr. Robb Farms, the “First PhD of Pot,” based in the Bay Area. WOMEN IN CANNABIS

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

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. Our next area of concern is that even though CDTFA undertook a very well publicized effort to explain the proper procedure for the calculation of cannabis, state sales, and local taxes, this educational effort does not appear to have been successful.

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

PUBLISHER: 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]. CCT is collected from cultivators.

Back to the BRC: “The ability to tax cannabis is one of the main political reasons given to support recreational legalization. A successful tax system will need to raise money to pay for increased education, public health and enforcement costs associated with marijuana cultivation and use.”

Cannabis Law Report

CPA’s” PUBLISHER: CANNABIS LAW REPORT. . While we could devote a book length article to a present day critique of that report we are going to limit our thoughts to a review of the Tax Policy component of the report which appears on pages 48 through 56.

A Mother’s Journey Through The Medical Cannabis Labyrinth

CannaTech

As the heavens open above and the land is cultivated below, Mother Nature bestows plants for mankind to grow. It may be a myth but long-live the modern-day legend: the story of the legalization of medical cannabis in Greece. The Humans of Cannabis

Attorney General Nominee Commits To Leave State-Legal Marijuana Programs Alone

NORML

In an era when 47 states have laws on the books that defy the Schedule 1 status of cannabis, it makes no sense from a political, fiscal, or cultural perspective to try to put this genie back in the bottle.”.

Terpene Spotlight: Geraniol

FloridaMarijuana.net

The Cannabis plant has been around for centuries. The history of cannabis cultivation in America dates back to the early colonists, who grew hemp for textiles and rope. While legal medical marijuana is still in its infancy in Florida, it has been well-documented that cannabis has been utilized as a medicine. Their discovery was the catalyst which allowed for more cannabis research. Science is just beginning to uncover the value of the cannabis plant.

New Marvel Comics Plot Line Has The Kingpin Legalizing Cannabis In The World Of Super Heroes & Super Baddies

Cannabis Law Report

As real-life elected officials in New York have fumbled their attempt to pass comprehensive cannabis legalization this year, the writers and illustrators at Marvel quite literally drew up their own blueprint for how it could be done and it is sort of scary in how accurate it appears to be.

Is Cannabis Against Your Religion?

SpeedWeed

Is consuming cannabis a sin, haram, not kosher? In the Judaic tradition, scholars still debate the question of whether God meant Moses to use cannabis as part of an anointing oil when he spoke of a plant called kaneh-bosem , in Exodus 30:22-30. Tips for Growing Kosher Kush Cannabis.

CDTFA Cannabis Tax Audits

Cannabis Law Report

CPA’s” PUBLISHER: CANNABIS LAW REPORT. CDTFA Cannabis Tax Audits – on February 28, 2019, we published [ Dispensaries Need Accurate Receipts ] to describe the financial records a dispensary must prepare and maintain as well as the receipts a dispensary must issue to.

Fox Rothschild Publish PDF, ” National Survey On Marijuana Law On Regulations”

Cannabis Law Report

This pdf “e-book” has a publication date of 24 May 2019 and is authored by partners Joshua Horn & William Bogot. e-book-Marijuana-Mayv3. Cannabis Law News

Law 65

The World Health Organization Steps Up on Cannabis

Canna Law Blog

On February 1, it was reported that the World Health Organization (WHO) made some significant and long overdue recommendations with respect to cannabis. Therefore, no one should expect the doors to swing wide on international cannabis trade overnight.

DEA 113

How Cannabis Became Illegal: The Racist Ideology of Cannabis Control

Cannabis Law Report

Today, more politicians and thought leaders are taking a stand supporting cannabis and related research than at any other time in living memory. The beginnings of America’s cannabis ban. One of the habits these new immigrants brought with them was the recreational smoking of cannabis.

Hash 61

Harborside Health Center v. Commissioner: Implications for the Cannabis Industry and Their Tax Advisors

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. Since then his CPA firm, Luigi CPA, serves clients in all aspects of the cannabis industry. Commissioner: Implications for the Cannabis Industry and Their Tax Advisors. Implications for Non-Retail Cannabis Businesses.

History of the medicinal use of cannabis

Alchimia

Cannabis or marijuana has been accompanying mankind for more than 10,000 years, which has found the myriad of uses of this plant, either at recreational, medicinal or industrial level. First medicinal uses of cannabis. Therapeutical cannabis in our era.

Article: The $USD4 Billion Ticking Timebomb

Cannabis Law Report

million, or roughly C$1,385 per square foot, on its books, well more than the going rate for such facilities. Similar acquisitions played out across the cannabis industry, and the claimed value of those purchases now sits on cannabis companies’ books like a ticking time bomb.

Webinar: 2019 California Cannabis Forecast

Cannabis Law Report

Currently, two main drivers are responsible for market growth in California: the conversion of black-market consumers to legal consumers, and the emergence of new cannabis consumers who were previously held back by the stigma of consuming an illegal product. 2019 California Cannabis Forecast.

Tax Consequences to Cannabis Businesses of Licensing Delays

Cannabis Law Report

CPA’s “ PUBLISHER: CANNABIS LAW REPORT. 280E and inventory costing methods for “Cost of Goods Sold” for a legal cannabis retailer in light of the two Harborside decisions. Let us see if we can produce a clearer articulation of inventory costing for the cannabis industry.

NORML Chapters Are Leading The Way All Around The Country

NORML

Only two months into the 2019 legislative session, with 45 NORML Lobby Days on the books , legalization proposals are swiftly moving forward in states across the country. Andrew Cuomo’s Cannabis Regulation and Taxation Act. Cannabis is illegal.

Overview: Cannabis Taxes & Accounting Workshop

Meadow

The fruits of this work are our recent updates to tax functionality, our Meadow Memo on Cannabis Taxes outlining the basics, and our Cannabis Tax and Accounting Workshop to dive into specific details. Listen in below and get your fill of detailed cannabis tax analysis!

10 Cool Podcasts for Stoners

Sensi Seeds

This is a mix of podcasts dedicated to cannabis by providing the latest local and international news, product and strain reviews, cultivation techniques, and cultural shifts, as well as a few gems that are guaranteed to enhance your high. Cannabis Cultivation and Science Podcast.

Hash 82

Over 600 At ASTM International’s Standards Meeting In Rome Technical Committee D37 On Cannabis.

Cannabis Law Report

Gisbourne Herald NZ Reports……… ASTM International, a global industry standards body with 30,000 members worldwide representing more than 20 industry sectors, held a workshop in Rome under its technical committee D37 on Cannabis. Committee D37 on Cannabis.

The World Health Organization Steps Up on Cannabis

Canna Law Blog

On February 1, it was reported that the World Health Organization (WHO) made some significant and long overdue recommendations with respect to cannabis. Therefore, no one should expect the doors to swing wide on international cannabis trade overnight.

DEA 62

Alterman Opinion Suggests Cannabis Businesses Apply Double Diligence In Records Keeping

Cannabis Law Report

We welcome Jordan to Cannabis Law Report. as well as writing detailed pieces about tax and accountancy issues relating to law in the cannabis sector Jordan has a incisive knowledge about how the cannabis sector operates and writes wickedly funny articles on his blog.

Allocation – Costs – Gross Profit – Taxes

Cannabis Law Report

CPA’s” PUBLISHER: CANNABIS LAW REPORT. We published our [ Which Set of Books? Also, the California Department of Tax and Fee Administration (“CDTFA”) has a substantial number of experienced Sales Tax Examiners available to audit cannabis dispensaries.

NORML’s 2020 Democratic Primary Marijuana Straw Poll

NORML

Summary: Earlier in her career, Senator Warren was cautious on issues surrounding cannabis descheduling and legalization. Harris wrote in her book The Truths We Hold. 2015), House Bill 1373: Permits qualified patients access to medical cannabis formulations while on school grounds.

NORML Chapter Newsletter – March 2019

NORML

Only three months into the 2019 legislative session, with 45 NORML Lobby Days on the books, legalization proposals are swiftly moving forward in states across the country. Chicago NORML Continues Push for Diversity in Cannabis Industry.

Federal Legalization – Then What?

Cannabis Law Report

CPA’s “ PUBLISHER: CANNABIS LAW REPORT. – It is fascinating to step back and observe how the mindset of many in the cannabis industry seems to work. 280E is effectively repealed and cannabis businesses are no longer subject to the broad disallowance of expenses.

CA: Sonoma County Says No To Hemp As Will More In The State

Cannabis Law Report

Sonoma County supervisors on Tuesday narrowly approved an immediate ban on the cultivation of hemp, a move aimed at preventing the proliferation of a minimally regulated crop, a close relative of marijuana that lacks the psychoactive punch but can be far more profitable than wine grapes.

You can now get a license to grow and sell cannabis from the state of California

Meadow

You can now get a license to grow and sell cannabis from the State of California That doesn’t mean it’s easy, or that most people will apply. And then you see the consumption version of that, where folks would be sold a small amount of cannabis or concentrate that they could use on site.

How Does Marijuana Laws Affect Tourism?

Otherside Farms

The increasingly lucrative cannabis world has seen the tourism industry grow in leaps and bounds. Legality of Cannabis. The legality of medical and recreational cannabis varies from state to state. The legislation of cannabis is becoming widespread in North America.

Law 70

California is Poised to Pass a Landmark Hemp CBD Law

Canna Law Blog

California is on the brink of legalizing hemp-derived cannabidiol (“Hemp CBD”) in many products—well, sort of. The law at issue is Assembly Bill 228 (“AB-228”), and I’ve been writing about it since it was introduced in January 2019 (for my posts on it, see here , here , and here ).

Food 102

California: Review- Kanha CMS Works Wonders With METRC

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. We spend most of our time working in the commercial cannabis industry in California – complaints about the complexity of licensing, tax reporting and regulatory compliance are constant.

HLG Global Publish Latest Newsletter. Learn More About HLG Global & CLR’s Publishing Partnership

Cannabis Law Report

This represents a global shift in cannabis policy, but the work has only begun. But one thing is for sure, the global cannabis industry is here to stay. But what happens when insatiable consumer demand for hemp-derivatives bumps up against long-held misbeliefs about the cannabis plant?

Formation and Set Up of Cannabis Industry Business

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. . We have defined the roles and skills of the participants in the financial and tax space for the legal commercial cannabis industry. We don’t place much value in pre-constructed charts of accounts for cannabis businesses in California.