We hope you’re having a good week! Just wanted to let you know about a big update from the CDPH and some tax considerations for your business.
Today’s Top News
Recently, the California Department of Public Health issued emergency regulations regarding the use of shared-use facilities for cannabis manufacturers. These regulations intend to offer ways for small manufacturing businesses to enter the cannabis market at a lower start-up cost. Click through to read all about it!
NEW on the blog: CDPH Releases NEW Regulations for Cannabis Manufacturing in Shared-Use Facilities
Plus: the new tax cuts passed earlier this year included incentives for businesses to convert from S-Corps to C-Corps. We break down what the new regulations include to help you decide if the switch is right for your business.
Read more! Tax Reform Updates: Should You Convert from an S-Corps to a C-Corps?
LOMPOC
Title: Lompoc City Council shoots down proposed cannabis tax
Author: Santa Maria Sun
Date: 28 March 2018
Url: http://www.santamariasun.com/news/17276/lompoc-city-council-shoots-down-proposed-cannabis-tax/
Extract:
The nearest legal marijuana dispensary is currently some 120 miles from Santa Maria proper. That number promises to drop once the industry slowly establishes a foothold in Lompoc, which is just a 20-minute drive away.
Santa Maria and Lompoc stand in stark contrast to each other on the issue of the cannabis industry. The Santa Maria City Council passed an ordinance on March 6, effectively banning all cannabis operations within the city. Lompoc and its City Council are not only welcoming the industry but are also, for the time being, refusing to tax recreational cannabis operations outside basic city fees and business taxes
On March 20, the Lompoc City Council shot down a proposed ordinance that would have introduced a tax on commercial cannabis. Voters would have seen the measure on the Nov. 8 ballot. The vote split at 3-2, with councilmembers Jim Mosby, Victor Vega, and Dirk Starbuck voting against taxing the industry while Mayor Bob Lingl and ordinance author, Councilmember Jenelle Osborne, dissented.
OCEANSIDE
Title: Oceanside OKs commercial medical cannabis cultivation
Author: San Diego Union Tribune
Date: 29 March 2018
Extract:
Oceanside became the first city in North County to approve the commercial cultivation of medical marijuana this week with a compromise that delays the opening of any dispensaries.
An ordinance approved Wednesday will allow the cultivation, testing, manufacture and distribution of medical marijuana in certain areas of the city east of Interstate 5 by individuals or businesses that qualify for licenses and permits, and pay the yet-to-be determined fees.
“We’ve got the ball rolling,” Councilman Jerry Kern said after the 4-1 vote, with Councilman Jack Feller opposed.
Dispensaries were the stickiest point in the proposal, Kern said, with disagreements over where they should go and whether there should be two, four or more. In a compromise proposed by Mayor Peter Weiss, the council agreed to delay the licensing of any dispensaries until the Police Department can look further into the issues involved
