Jordan S. Zoot - CPA
It’s Summer! Ohio Officials Warn Against Boating Under The Influence Of Cannabis
Driving a boat in Ohio will carry the same restrictions on impairment from alcohol and cannabis as driving a car. Officials in the state are concerned that the approval of Issue 2 last year—legalizing cannabis for adult use in the state—will have an impact on habits...
Virginia: Inspectors find 137 illegal products, fine stores over $200,000 in first month of state’s new hemp law
ABC 8 News reports Some businesses across Virginia are being hit with big fines after a new law went into effect regulating the hemp industry last month. The new law, which went into effect on July 1, makes it illegal to sell edible hemp products with more than 0.3%...
California: Cannabis Vs Taxes
Everyone wants to avoid paying taxes. All voters want to avoid paying taxes. Politicians are regularly elected based on promises they will reduce taxes. The corollary to reducing taxes is to tax someone else. The political sell is, “We won’t tax you, we won’t tax me,...
California: Cannabis Client Due Diligence and Corporate Tax Return Preparation
We usually write articles about concepts relating to financial management, especially with respect to tax management. Articles based on abstract financial concepts are important. As a practicing CPA, on occasion one has to “get into the dirt” and “push the digits.”...
Rookie Mistake
We have reviewed articles in several publications that describe the Ninth Circuit’s affirmation of Decisions of the United States Tax Court rejecting as untimely filed the Petitions of Organic Cannabis Foundation (“OCF”) and Northern California Small Business...
Rebooting Cannabis In California
The Santa Barbara County Grand Jury issued its 2019-2020 Final Report on June 30, 2020. The last section of this Report is devoted to the County’s actions relating to the cannabis industry. This last section of the Report is a scathing indictment of the manner in which greed for money and power influenced the governance of Santa Barbara County in its adoption of ordinances relating to cannabis. The following is introductory summary of the Report.