Jordan S. Zoot - CPA

Jordan S. Zoot - CPA

The Consequences of Not Studying History

The Consequences of Not Studying History

We happened upon an article about a New York conference that both piqued our curiosity and reminded us of another conference which was held in Upstate New York a bit over sixty years ago. MjMicro is an invitational forum that unites publicly traded cannabis companies led by seasoned executives with next level, high net worth investors looking for shorter term ROIs and guaranteed liquidity.

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“CCC”

“CCC”

What does the acronym “CCC” mean? CCC is our acronym for “California Chaos Causes” We cannot list all of the causes of problems in California’s cannabis industry. The list of causes becomes longer every day. Our CCC refers solely to major causes.

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CalCannabis Harming CCA’s

CalCannabis Harming CCA’s

By now, anyone that reads our articles is certainly aware that we like the cannabis cooperative association [“CCA”] structure, its an amazing vehicle for small craft cannabis cultivators to pool their resources, save money and remain competitive in a market that is quickly filling up with large vertically integrated businesses. We have become incredibly frustrated with the reticence of CalCannabis to issue a license to a CCA other than one that is fo4Redacted RParrottLetter (2) engaged in cultivation or processing. One of the professionals we know that is active in seeking to get CCA’s licensed wrote a letter to Mr. George Parrott, the Director of CalCannabis. We are sharing a redacted version of that letter with everyone so that everyone becomes aware of where this situation stands. We intend to distribute this broadly in the hope that we can resolve this without litigation.

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Free Advice

Free Advice

Everyone knows the maxim “Free advice is worth what you pay for it”  There are, however, exceptions.  Everyone knows a second maxim “The exception that proves the rule”  In this article, we provide free advice to the California Department of Tax and Fee Administration (“CDTFA”).  We are providing free advice which we believe is valuable.  Hence, our free advice in this article is an exception that proves on some occasions free advice should be followed. We can summarize this article with a simpler statement.  “Wake up CDTFA…You are leaving money on the table!”

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Shane Eloe

Boutique accounting firm that specializes in helping clients in the legal cannabis industry. We represent clients all over the United States, both plant-touching and ancillary....

 Accounting and Tax /  United States

aBIZinaBOX Inc

Featured 

The Cannabis Practice Group ["CPG"] of aBIZinaBOX Inc. CPA's serves commercial cannabis industry businesses in California. The CPG have experienced > 250% growth over prior...

 Accounting and Tax /  California

We are an income tax and advisory cannabis focused niche firm. We are located in Portland, Oregon, however we can serve clients anywhere. As more...

 Accounting and Tax /  Oregon

Full Service Taxes, Accounting & Payroll for Cannabis Business. We specialize in Retail, Producer & Processor cannabis businesses.

 Accounting and Tax /  Washington

Latest News

The Marijuana Financing Double Standard

The Marijuana Financing Double Standard

It is common knowledge that the federal government’s Schedule I classification of marijuana makes it illegal.[1] Many people also understand that any money earned by selling marijuana is classified as “criminally derived proceeds,” which leads to money laundering when a person tries to spend those marijuana revenues.[2] However, what many people do not know nor understand, is the double standard that takes place in the American economy.

Hemp/Canna 401(k) Plan: How the Tax Code Provides the Authority

Hemp/Canna 401(k) Plan: How the Tax Code Provides the Authority

Cannabis company participation in 401(k) plans is a complicated and confusing matter. The matter is attracting increasing (and maybe both equally panicked and excited) attention as a result of cannabis-related statutory changes with the December 2018 Farm Bill that President Trump signed into law.  These changes have to do with definitions that now treat low-THC cannabis products such as hemp and CBD as industrial hemp, rather than as controlled substances under the Controlled Substance Act.