<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=157958514840961&amp;ev=PageView&amp;noscript=1">

Blog

January 31 2019

Tax Preparation Checklist for Cannabis Operators

Follow this checklist to gather everything you need to fill out your  cannabis tax return.

  • You will need your tax returns for prior two years, plus copies of your sales, excise, and local tax returns. 
  • Make sure you have your income statements ready as well as your P&L and balance sheets. 
[Read more...]

Filed Under: Compliance, Taxes

January 30 2019

Top Strategies for Pasadena’s Commercial Cannabis Screening Application

As we’ve covered previously, Pasadena, California’s cannabis business application works slightly differently than other cities across the state. Most cities ask for a cannabis operator to submit their site details. Cannabis real estate is one of the most important aspects of a licensing...

[Read more...]

Filed Under: California, Licenses

January 30 2019

What You Need to Know About California's Permanent Cannabis Regulations

The new permanent cannabis regulations offer changes to labeling and packaging, new product definitions, OSHA training regulations, and more. 

  • California's permanent cannabis regulations go into effect January 2019. 
  • There is some good news for delivery operators and white label...
[Read more...]

Filed Under: News, California

January 28 2019

The Weekly Round Up: News from LA, Chula Vista, Riverside County, and more from the BCC

This week, LA is gearing up for its Phase 1 annual license submissions.

In Riverside County, RFPs for Cultivation, Retail, and Microbusinesses are being released on Wednesday, and Chula Vista extends the submission window due to website inaccessibility. New BCC forms, that are cited in the...

[Read more...]

Filed Under: Weekly Update

January 24 2019

What to Expect in a Tax Audit

Tax audits are relatively common in the cannabis industry – here's how to prepare for one at your business. 

  • Make sure your sales, inventory, employee, and tax records are detailed and thorough. 
  • Be prepared with historical financial records, receipts, tax returns, and anything else you...
[Read more...]

Filed Under: Compliance, Taxes, Finance

January 22 2019

What to Know About California's Cannabis Dispensary Sales Tax

Consumers are asking questions about why cannabis taxes are so high – here's how to explain taxes at your dispensary.

  • Cannabis excise tax in California goes to find schools, infrastructure, and other public good projects.
  • Cannabis sales tax rate is between 8-10% and goes toward funding the...
[Read more...]
January 21 2019

Drug Crimes to Cash Crimes

Our SW Territory Sales Manager writes in with his observations of Oklahoma's fledgling cannabis industry.

  • As cannabis becomes legal in more and more states, operators are being newly prosecuted for financial non-compliance and other "cash crimes."
  • An accountant is your best defense against...
[Read more...]

Filed Under: Licenses, Oklahoma

January 21 2019

The Weekly Round-Up: What’s going on in the California Cannabis and Industrial Hemp Scene this week.

Every week there are updates from various cities and counties in California regarding commercial cannabis and industrial hemp. These are headlining updates that you may want to know about.

[Read more...]

Filed Under: Weekly Update

January 14 2019

Guide to Chula Vista’s Commercial Cannabis Application

Chula Vista, California opened their cannabis licensing application window this week (January 14, 2019) and heads up – the window for submissions is very tight!

Retailers and cultivators must submit their application by 5:00 pm PST January 18, 2019. Distributors, manufacturers, or...

[Read more...]

Filed Under: California, Licenses

January 14 2019

The Weekly Round-Up: California Cannabis is Ramping Up. More News on Cities with Applications Out Now

The new year has proven to be very busy with several California counties and cities overturning previous moratoriums on commercial cannabis activity. This week, Jurupa Valley and Chula Vista come on board, while Riverside County continues to accept applications for wholesale nurseries,...

[Read more...]

Filed Under: Weekly Update

January 11 2019

How to Strengthen Your Community Benefits Program

The community benefits plan has become a make-or-break section in your cannabis permit application – here's what you need to know.

  • You must invest time and effort into the community benefits plan: cities are following up to find out who you’ve reached out to, what arrangements really have...
[Read more...]

Filed Under: Licenses

January 09 2019

Guide to San Luis Obispo City's Commercial Cannabis Permit Application

The city of San Luis Obispo, California opened their cannabis application process this year – and application fees are steep. In November, the City Council unanimously approved annual permit fees between $65,000 - $95,000, depending on the type of business you are hoping to open. The...

[Read more...]

Filed Under: California, Licenses

January 07 2019

Weekly Cannabis Update: Newly minted- California Cities and Counties permitting Commercial Cannabis Activities in the New Year

This week the news is all about more California cities and counties permitting commercial cannabis activities.

2019 is looking like it’s off to a very exciting start and promises more cannabis business opportunities to aspiring and existing canna-business owners.

[Read more...]

Filed Under: Weekly Update

January 07 2019

Guide to Riverside County, California Cannabis Licensing

Riverside County, California recently released Ordinance No. 348.4898 which permits commercial cannabis activity in the unincorporated areas of Riverside County – specifically related to cannabis cultivation, manufacturing, distribution, testing, microbusinesses, wholesale nurseries and...

[Read more...]

Filed Under: California, Licenses

1