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Blog

January 24 2019

What to Expect in a Tax Audit

Did you know that cannabis businesses are five times more likely to face an IRS business audit?

Federal regulations like the Cole Memorandum make it difficult to do business in the legal cannabis market, and because banks often won’t accept cannabis money, cannabis businesses deal in a lot...

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Filed Under: Compliance, Taxes, Finance

January 22 2019

What to Know About California's Cannabis Dispensary Sales Tax

One of the biggest topics our experts get asked about is California’s cannabis dispensary sales tax.

Despite – or maybe because of – what customers perceive to be high taxes, the state is projected to only collect half the amount that was expected this year.

Some experts say that customers...

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January 21 2019

Oklahoma Commercial Cannabis Update

Update April 15, 2019

State Question 788 passed overwhelmingly in 2018 and OK has surpassed expectations ever since.  Oklahoma CRUSHED the previous record to reach the 50,000 licensed patient benchmark, and as patient numbers rise, so are the sales.  In January 2019, MMJ sales topped 4...
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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.

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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...

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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,...

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Filed Under: Weekly Update

January 11 2019

How to Strengthen Your Community Benefits Program

Applying for a local commercial cannabis permit can be tricky.

As more cities permit commercial cannabis activity and the market matures, applications have become increasingly more demanding and sophisticated. The first thing applicants need to do is sit down, read the application, and try...

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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...

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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.

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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...

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Filed Under: California, Licenses