<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=157958514840961&amp;ev=PageView&amp;noscript=1">


March 10 2021

Potential Tax Changes During the Biden Administration

As our country passes the presidential torch, business owners and individuals alike are lookingto upcoming changes to tax laws. Keep in mind – nothing has come to pass, yet.However, there are some potential changes you should have on your radar to stay aware of,over the course of the...

[Read more...]

Filed Under: News, Taxes

May 13 2020

Maine & Missouri Update Cannabis Laws and Restrictions

Missouri House Passes Bill to Eliminate Medical Cannabis License Caps

Great opportunity if you want to become a cannabis multi-state operator!

[Read more...]

Filed Under: News

March 26 2020

Economic Update for Cannabis Businesses

Small business owners around the country are in need of help as more and more states ask their citizens to stay at home. Cannabis is no exception.

[Read more...]

Filed Under: News, Taxes, Business, Operations, Accounting

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...
[Read more...]

Filed Under: News, California

December 19 2018

The IFRS Audit: What to Expect When Going Public in Canada

To enter the Canadian Stock Exchange, American cannabis operators must go through an audit in accordance with Canadian regulations. 

  • The audit requires that you prepare four key documents  as part of your IFRS financial statements.
  • You must also provide a summary of your accounting...
[Read more...]

Filed Under: News, Finance, Canada

December 13 2018

CDTFA Proposed Emergency Cannabis Tax Regulation

Distributors and retailers: this week, the California Department of Tax and Fee Administration (CDTFA) released a new proposed regulation regarding the California Cannabis Track and Trace system.

[Read more...]

Filed Under: News, California

December 06 2018

Lessons for Cannabis Operators from Harborside vs. IRS

Learn from Harborside Health Center's misfortune and make sure you file and pay your taxes on time.

  • Harborside v. the IRS was a case that shows just how aggressive the IRS is in punishing errors on your cannabis business taxes.
  • It's important to streamline your operations to maximize...
[Read more...]

Filed Under: News, Compliance

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...
[Read more...]

Filed Under: News, Compliance, Taxes, Oregon

September 17 2018

Cannabis Updates San Fernando, San Luis Obispo, San Francisco, Blythe

This week we have cannabis updates about the cities of San Fernando, San Luis Obispo, San Francisco and Blythe. In addition, The California Department of Pesticide Regulation released a document that all cannabis cultivators must read.

[Read more...]

Filed Under: News, California, Weekly Update