Canna Law Blog

MARCH 13, 2024

If you own a cannabis business, a major consideration is where to keep your money. Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis growers and dispensaries.

Banking 82

Banking Business Cannabis Compliance 82

MedicalJane

MAY 21, 2020

Although medical cannabis has technically been legal in Missouri for over a year and cards have been issued, patients are still waiting desperately for dispensaries to open across the state. That, coupled with various limitations imposed by the coronavirus, means dispensaries may have a limited selection of products when they first open.

Dispensary 99

Dispensary Seed-To-Sale Marijuana Programs 99

Cannabis Law Report

NOVEMBER 4, 2019

The recent Tax Court decision in Northern California Small Business Assistants Inc. 280E to cannabis dispensaries. 280E for businesses that operate lawfully under State law. Until then, petitioner is not entitled to deduct expenses incurred in the operation of its drug-related business.”.

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Dispensary Packaging Collective Seed-To-Sale 45

WeedAdvisor

AUGUST 2, 2019

According to Cannabis Business Times , Aphria – one of Canada’s biggest licensed producers of medical and recreational marijuana – recently opened a dispensary in Kingston, Jamaica. “An Known as Sensi Medical Herb House, the business will open August 2019 in Kingston through Aphria’s subsidiary, Marigold Projects Jamaica Ltd.

Dispensary 49

Dispensary Compliance Compliance Retail 49

SpeedWeed

AUGUST 16, 2021

The NFL players, through the holding company, shared a fractionalized ownership interest in the cultivation business with other Genetixs company members. In sum, the cultivation business, Genetixs, operated by the man Jones and White installed as the grow house’s chairman, is now suing the players and others involved in the business.

Business 52

Business Dispensary Cultivation Cannabis 52

SpeedWeed

JULY 4, 2021

Cannabis dispensaries and retailers must focus on delivering amazing customer experiences to stand out in an increasingly competitive industry. Delivering the best customer experiences is an extremely effective way to ensure your dispensary has a competitive advantage. Something went wrong while submitting the form. Hire Carefully.

Dispensary 52

Dispensary Education Cannabis Environment 52

Cannabis Law Report

FEBRUARY 16, 2022

FGW”), a company that has the conditional use approval necessary to operate a cannabis dispensary and related businesses located in San Francisco’s Haight-Ashbury district. This dispensary will be neighborhood-oriented, including the hiring of local staff, the selection of local products and the promotion of community safety.”.

Dispensary 52

Dispensary Cultivation Conditions Law 52

Canna Law Blog

DECEMBER 30, 2022

LA has collected a LOT of tax money. Between January 2018 and December 2021, the Los Angeles Office of Finance (which collects taxes from the cannabis program) has collected a whopping $320 million in taxes, with at least $31 million more outstanding. complaints against licensed cannabis businesses that DCR should investigate.

Packaging 65

Packaging Dispensary Collective Business 65

Cannabis Law Report

SEPTEMBER 10, 2021

Practically speaking, will landlords be willing to take on the risk of leasing space to cannabis cultivators, processors or dispensaries—and, if so, what are some of the issues that will arise in negotiating leases to cannabis operators? What constraints does the MRTA place on the location of these businesses?

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Business Legislation Dispensary Law 94

Cannabis Law Report

MAY 26, 2022

The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. Limited, initial research suggests high rates of compliance with MLMU-21 laws.

Dispensary 52

Dispensary Research and Development Safety Recreational 52

Otherside Farms

AUGUST 4, 2020

Now is the perfect time to open up a dispensary! Here are five things you must have before opening a medical marijuana dispensary. A Business Plan. Sure, medical marijuana dispensaries aren’t viewed as a traditional business. You do not have to open your own cannabis dispensary to get into the market.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. California Steps Up Tax Collection Efforts. The CDTFA plans to escalate tax enforcement against legal cannabis businesses.

Business 52

Business Marijuana Safety Banking 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. Because there’s a lot of compliance issues in place here.

Compliance 52

Compliance Compliance Banking Data 52

Cannabis Law Report

JANUARY 9, 2019

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]. “A

Collective 45

Collective Cultivation Packaging Seed-To-Sale 45

Cannabis Law Report

JUNE 15, 2021

The official approval by the city of Adelanto is an important endorsement for ezGreen’s POS as it highlights the efficacy of its software with respect to real-time, compliant tax reporting by dispensaries, an important source of revenue for any legal cannabis jurisdiction nationally. ” About ezGreen.

Events 64

Events Compliance Compliance Dispensary 64

SpeedWeed

AUGUST 17, 2021

It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. Also in the report, Oklahoma has 469 more licensed businesses than this time last year, bringing the active total to 12,598. That means roughly 9.4%

Collective 52

Collective Compliance Compliance Programs 52

SpeedWeed

AUGUST 13, 2021

It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. Also in the report, Oklahoma has 469 more licensed businesses than this time last year, bringing the active total to 12,598. That means roughly 9.4%

Collective 52

Collective Compliance Compliance Programs 52

Cannabis Law Report

MARCH 7, 2020

And this isn’t for lack of want — in fact in 2017 some forward thinking dispensaries had collection boxes for these products, although without scale they wound up just hoarding them as well. The only way to achieve this scale is to use dispensaries as the collection points, much like some were already doing back in 2017.”

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Vaping Collective Dispensary Cannabis 87

Cannabis Law Report

DECEMBER 16, 2021

Denver’s Lauded Dispensary Brings Its Excellent Customer Service Door-to-Door With Social Equity Partner GRN Bus. Once the selection has been made, the customer chooses either cash or debit payment to be collected at the time of delivery. When ordering via delivery, customers can expect the order to arrive in approximately two hours.

Compliance 52

Compliance Compliance Strains Events 52

Cannabis Law Report

APRIL 30, 2019

Although denied many standard “risk management tools” (like credit cards, bankruptcy law protection, and federal patents and trademarks), assembling a “risk management insurance, accounting and legal advisory team” could prevent an insufficiently prepared marijuana related businesses from foundering. . investing $3.88

Business 45

Business Marijuana Compliance Compliance 45

Cannabis Law Report

JANUARY 7, 2020

Because Taxpayer is a corporation, the Tax Court’s decision will be reviewed by the Court of Appeals for the Ninth Circuit, which is the circuit in which Taxpayer’s principal place of business is located. But what is the distinction between a business expense deduction and an adjustment for COGS? Deductions. Cost of Goods Sold.

Business 66

Business Marijuana Seed-To-Sale Patients 66

SpeedWeed

FEBRUARY 25, 2021

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. That will include marijuana businesses. Tax agency ramping up. Some audits underway.

Marijuana 52

Marijuana Compliance Compliance Collective 52

Cannabis Law Report

JANUARY 15, 2019

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. 1 IRC §6651(a)(1).

Business 58

Business Dispensary Cannabis Compliance 58

Veriheal

MARCH 31, 2022

Cannabis businesses in the state of Oklahoma have 90 days to become compliant with the state’s seed-to-sale (S2S) tracking system. Since the filing of this lawsuit last year, businesses have not been required to comply with any type of seed to sale tracking. METRC stands for Marijuana Enforcement Tracking Reporting Compliance.

Seed-To-Sale 52

Seed-To-Sale Dispensary Cultivation Safety 52

SpeedWeed

AUGUST 17, 2021

It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. Also in the report, Oklahoma has 469 more licensed businesses than this time last year, bringing the active total to 12,598. That means roughly 9.4%

Marijuana 52

Marijuana Collective Compliance Compliance 52

SpeedWeed

AUGUST 16, 2021

It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. Also in the report, Oklahoma has 469 more licensed businesses than this time last year, bringing the active total to 12,598. That means roughly 9.4%

Collective 52

Collective Compliance Compliance Programs 52

SpeedWeed

AUGUST 14, 2021

It’s not quite worth its weight in gold, but there’s a cannabis rush going on in Oklahoma—for both patients and businesses—and there’s no sign of slowing down. Also in the report, Oklahoma has 469 more licensed businesses than this time last year, bringing the active total to 12,598. That means roughly 9.4%

CBD 52

CBD Collective Compliance Compliance 52

Cannabis Law Report

MAY 6, 2019

However, when armed with decent risk management fundamentals, a marijuana related business can diminish most horrible outcomes, fortify the enterprise’s sustained growth, and maybe even get rich along the way. Indentifying marijuana related businesses’ loss exposure. investing $3.88 investing $3.88

Business 45

Business Marijuana Supply Chain Events 45

Dykema (Cannabis Law Blog)

MARCH 31, 2022

Earlier this month, a cannabis company located in Manistee, Michigan, announced that its dispensary workers successfully unionized, marking the first instance of organized labor in the state’s cannabis industry. The company’s dispensary workers are now members of United Food and Commercial Workers Local 876.

Agriculture 79

Agriculture Environment Collective Food 79

SpeedWeed

MARCH 14, 2021

Today, databases, predictive analytics, artificial intelligence , and machine learning are having widespread effects on cannabis businesses, investors, regulators, and consumers. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends.

Data 52

Data Research and Development Marijuana Collective 52

Connor & Connor PLLC

AUGUST 30, 2018

However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit. In addition, marijuana businesses must be aware of cash handling issues. Section 280E, Business Expenses, and Costs of Goods Sold.

Business 49

Business Marijuana Banking Collective 49

Cannabis Law Report

APRIL 5, 2022

Metrc will help facilitate Mississippi’s medical cannabis program’s data collection and regulatory oversight through its robust track-and-trace platform. Metrc continues to be the favored partner of regulators and businesses in serving their unique needs and goals. LAKELAND, Fla., About Metrc.

Safety 52

Safety Patients Dispensary Compliance 52

Cannabis Law Report

MARCH 4, 2019

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. How will CDTFA proceed and what cannabis businesses should be most concerned?

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Collective Dispensary Cannabis Retail 45

Cannabis Law Report

AUGUST 16, 2022

This information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Alabama medical cannabis patients. “As The State plans to begin accepting licensing applications for businesses on September 1, 2022. “We

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Seed-To-Sale Supply Chain Data Patients 52

Canna Law Blog

NOVEMBER 13, 2021

215, I was recently interviewed on KCRW to give my take on how California (and specifically the City of Los Angeles) has done when it comes to legalizing and licensing cannabis businesses. 215 opened the door for a collective model (i.e., of cannabis businesses, but that’s not actually true in practice. 64 and MAUCRSA.

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Compliance Compliance Programs Collective 75

Cannabis Law Report

JUNE 28, 2021

Based on government agency data, when viewed collectively, Ionic Brands manufacturing partners’ amount to the fifth-largest wholesale operator in Washington by revenue for the period of 2020. The acquisition of Cowlitz does not include the I-502 license as the state of Washington has limited ownership restrictions.

Business 95

Business Supply Chain Data Concentrates 95

Cannabis Law Report

JULY 22, 2022

As the only track-and-trace company to have successfully taken over a government contract from another vendor, Metrc will replace the State’s current partner and implement its robust track-and-trace platform to help facilitate the Rhode Island Medical Cannabis Program’s data collection and regulatory oversight. and now Rhode Island.

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Data Programs Access Compliance 52