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Blog

February 11 2019

Feb 11th Weekly Round-Up: Commercial Cannabis Updates from California

This week we see Bellflower entertaining the possibility of increasing the number of permitted Medical Cannabis Businesses, Santa Paula overturning its cannabis ban, and two more CA cities setting its cannabis tax rates and framework. CalCannabis has also released official guidance...

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Filed Under: Weekly Update

February 06 2019

The 5 Best POS Systems for Cannabis Retailers

A great point-of-sale tool will help you stay compliant with regulations, avoid theft, and learn about your customers. 

  • Find a POS that is built specifically for the needs of the cannabis industry. 
  • GreenBits, Meadows, Treez, Webjoint, and Fishbowl are all good options for operators. 
  • Look...
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Filed Under: Business, Finance

February 04 2019

California Counties and Cities Permitting Commercial Cannabis Activity

As commercial cannabis regulations settle and localities and operators gear up towards final steps for compliance, heavy activity can be seen regarding application submission, approval, and compliance.

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Filed Under: Weekly Update

February 04 2019

METRC Cannabis Tracking, Reporting & Compliance

 

Learn how to use METRC to comply with state reporting and track and trace requirements. 

  • Cultivators, manufacturers, retailers, distributors, testing laboratories and micro-businesses – must comply with the METRC reporting standards.
  • METRC uses standard Radio Frequency Identification...
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Filed Under: California, Compliance

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. 
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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...

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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...
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Filed Under: News, California

January 28 2019

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...

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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...
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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...
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