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Blog

June 27 2018

How Do Cannabis Taxes Apply to Immature Plants, Seeds and Clones?

Learn how the cultivation, excise, and sales taxes apply differently to immature plans, seeds, and clones.

  • Cultivation tax does not apply to the sale of immature plants, seeds, and clones. 
  • Sales tax applies when any cannabis item (including plants, seeds and clones) is sold in the retail...
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Filed Under: Taxes

June 27 2018

How to Collect and Disburse the Cannabis Excise Tax

Cannabis retailers must collect a 15% excise tax from customers – here's how to do it

  • Excise tax is charged differently in an arm's length and non-arm's-length transaction. 
  • In an arm’s length transaction, you should factor the excise tax into any discounts or promotional pricing you...
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Filed Under: Taxes

June 25 2018

July 1 Is The Deadline For New Cannabis Testing & Packaging Regulations

In January 2018, California enacted Prop 64, and officially legalized recreational cannabis. As a courtesy, a six-month transition window was put into place for cannabis businesses to make the necessary adjustment to comply with new California cannabis testing and packaging regulations....

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Filed Under: California, Compliance

May 24 2018

Part 3: Los Angeles Cannabis License Requirements

Catch Part 1 and Part 2 of our Los Angeles series before reading the third and final article below.

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Filed Under: Licenses

May 16 2018

3 First Steps to Starting a California Cannabis Business

If you're new to California's cannabis industry, start here to with these key ingredients you need to get off the ground. 

  • You must find properly zoned real estate to even have your cannabis business application considered. 
  • Not every city allows for every type of cannabis business: see...
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Filed Under: Business

May 09 2018

How to Find Real Estate for Your Cannabis Business

Competition for cannabis real estate is steep – follow these steps to get a jump on finding a location for your dispensary. 

  • Budget at least six to eight months of full-time searching to locate your property.
  • A city's first reading of proposed zoning ordinances should spark your property...
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Filed Under: Business

May 01 2018

How to Submit a Strong Cannabis Business Permit Application in California

Competition for a cannabis business license in California is fierce – here are some things that will make your application stand out. 

  • Be extremely thorough and detailed in describing your business plan. 
  • Follow ALL the security guidelines: hire a professional to get your on-site security...
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Filed Under: California, Licenses

April 11 2018

Part 2: Los Angeles Cannabis Zoning

Los Angeles, California recently released a series of additional regulations to reduce any negative impact or confusion regarding the cannabis industry.

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Filed Under: Compliance, Licenses

April 05 2018

Part 1: Los Angeles' Cannabis Rules and Regulations

Los Angeles is further clarifying their cannabis rules, regulations, and city ordinances to surrounding this growing industry. In this series, we’ll be tackling Los Angeles revised planning ordinances and licensing. First up: the city’s rules and regulations for cannabis businesses.

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Filed Under: Licenses

March 29 2018

Tax Reform Updates: Should You Convert from an S-Corps to a C-Corps?

The 2018 tax reform bill passed by Congress brought a lot of new changes to federal taxes for California cannabis businesses. You may have some questions about how to take advantage of these changes, which is why we’re covering all new deductions, liabilities, and tax considerations in...

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Filed Under: Taxes