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Blog

June 27 2019

Reduce Your Cannabis Taxes with 471 Allocations

 

 

The § 1.471-1 is a tax code that can be applied to reduce your tax burden – here's how. 

  • The § 1.471-1 tax code defines inventory capitalization rules for businesses.
  • If something counts as an inventory costs, it can be considered a COGS and deducted. 
  • Note that allocations under...
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Filed Under: Taxes, Finance

June 24 2019

Cannabis Licensing Update - June 24

This week’s cannabis updates in California are from Los Angeles and Riverside County. 

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Filed Under: California, Licenses

June 19 2019

Managing Your Cannabis Business Fund Flow

 

 

Learn how to budget and allocate your cash so that you don’t miss any important bills and can keep track of your money. 

  • When cash comes in, put some in a safe and some in a bank, depending on how you're paying your bills (electronically or cash).
  • Only keep as much cash on site as...
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Filed Under: Taxes, Finance

June 17 2019

Cannabis Licensing Update - June 17

This week, California cannabis updates came in from Mountain View, Mendota, and Kern County. Here’s what cannabis news you need to know for the week of June 17, 2019.

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Filed Under: California, Licenses

June 12 2019

Issues Around Marketing Your Cannabis Business

Advertising cannabis products is strictly prohibited on a federal level, while also being highly regulated on a state-by-state basis – here's what you need to know. 

  • Instagram, Facebook and Google, and other social media companies do not allow cannabis companies to purchase ads on their...
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Filed Under: Business

June 10 2019

Weekly Cannabis License Update 6/10

This week’s California cannabis business updates come in from Los Angeles, Pasadena, Redding, Barstow, and Riverside. Here’s what cannabis operators in California need to know this week!

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Filed Under: California, Licenses

June 05 2019

5 Tactics to Drive Repeat Business for Your Cannabis Company

 

 

The cost to acquire a new customer is five times that of keeping an existing one – here's how to recruit loyal, repeat customers. 

  • Offer a points-based loyalty program to build your customer base.
  • Cross-promote your products with other local businesses, like restaurants and bars.
  • ...
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Filed Under: Business

June 03 2019

Weekly Cannabis Licensing Update - June 3

This week brought some big news updates from Los Angeles, Coachella, Adelanto, and San Jose. Check out these recent city council decisions concerning cannabis taxes and business licenses.

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Filed Under: California, Licenses

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