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October 11 2018

What You Don’t Know About Getting A California Cannabis Permit

It takes a lot more than just a local and state license to get your commercial cannabis business legally up and running. In addition to the commercial cannabis licenses, your business needs to be compliant with other building codes, zoning requirements, environmental regulations, and more....

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Filed Under: California, Licenses

October 10 2018

How to Vet a CFO for Your Cannabis Company

The CFO is potentially the most important leadership role in your cannabis business – make sure the person you hire is equipped to work in this industry. 

  • CFO is the point-person for all financial reporting, including reports to your board of directors, as well as to outside parties...
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Filed Under: Finance

October 08 2018

A Look at this Week in California's Local Cannabis Ordinance and Applications Scene

The important weekly cannabis updates for California are in. We have news from Commerce, Cathedral City, Imperial Beach, Woodlake and the National Cannabis Industry Association Conference.

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Filed Under: Taxes, Weekly Update

October 04 2018

IRS Penalizes Cannabis Operator for Federal Income Tax Evasion

The IRS fined an Oregon cannabis operator for failing to file income tax returns on his legal cannabis operation. 

  • Cannabis business owner Matthew Price did not report nearly $1 million in income and used his business money on personal expenses in violation of federal tax regulations.
  • This...
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Filed Under: News, Compliance, Taxes, Oregon

October 01 2018

Updates On Local City Governments and the California State Water Board

Here are important updates for Banning, Carpinteria, Los Angeles, Sacramento and theCalifornia State Water Board

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Filed Under: Weekly Update

September 28 2018

Cannabis Banking 101: Why Banks Won’t Take Your Cannabis Money

Learn the background of the Cole Memorandum and why cannabis operators are subject to 280E restrictions.

  • The Cole Memorandum indicates that prosecutors and law enforcement should focus federal funds on those cannabis businesses and operators in conflict with state law.
  • Jeff Sessions made a...
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Filed Under: Business, Finance

September 27 2018

Whoopi & Maya, Women, and Entrepreneurship in the Cannabis Industry

It has been a tremendous year for women entrepreneurs in the cannabis industry. Thirty-one states have passed legislation to decriminalize cannabis, and nine of them permit both commercial medical and recreational adult use. Demand for cannabis products is higher than ever before, and women...

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Filed Under: Feature

September 26 2018

Best Software Packages to Start Using for your Cannabis Business

The right software tools can cut down on the manual, day-to-day admin of running a cannabis operation. 

  • Gusto, Xero, Dropbox and Hubdoc are just a few tools we recommend you implement at your cannabis business. 
  • Software can't replace bad business practices; use standard operating...
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Filed Under: Insider, Business

September 18 2018

Common Cannabis Bookkeeping Mistakes (And How to Avoid Them)

Cannabis operators can avoid these five common bookkeeping mistakes by employing various checks and balances throughout their operations.

  • The massive amount of cash used in the cannabis industry puts you at risk for human error and fraud in accounting.
  • Make sure you are appropriating sales...
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Filed Under: Compliance, Business