Category: aBIZinaBOX Inc. and Jordan S. Zoot

California Repeals 280E for Personal Income Tax

California Repeals 280E for Personal Income Tax

California Repeals 280E for Personal Income Tax – Existing law, the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA), among other things, consolidates the licensure and regulation of commercial medicinal and adult-use cannabis activities and authorizes persons to conduct specified commercial cannabis activities, as defined, in the state.

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California: Review- Kanha CMS Works Wonders With METRC

California: Review- Kanha CMS Works Wonders With METRC

We don’t have experiences that impress or “WOW” us very often. Perhaps we have become jaded. However, we had one today, and are still attempting to digest it. We spend most of our time working in the commercial cannabis industry in California – complaints about the complexity of licensing, tax reporting and regulatory compliance are constant. The implementation of the METRC compliance system in California became a running joke with single and double digit usage out of thousands of licensees.

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California: Jordan Zoot – Commentary on Legislation Assembly Bill 1296

California: Jordan Zoot – Commentary on Legislation Assembly Bill 1296

CA AG’s Office Press Release February 2019. “Friday, February 22, 2019 .California Attorney General Xavier Becerra and Assembly woman Lorena Gonzalez (D-San Diego) today at the Port of San Diego unveiled legislation to substantially strengthen the state’s efforts to combat the illegal underground economy in California that targets the most vulnerable members of our community. Assembly Bill 1296 will expand California’s unique, multi-agency task force of law enforcement professionals known as the Tax Recovery and Underground Economy (TRUE) Team that currently operates out of Sacramento and Los Angeles.”

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Un Pesce Marcisce Dalla sua Testa

Un Pesce Marcisce Dalla sua Testa

Un Pesce Marcisce Dalla sua Testa is an old Sicilian proverb that translates “a fish rots from its head”. The statement appears to be an accurate summary of present condition of both the private and governmental sides of California’s cannabis industry.

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Who Is Inept: “NCIA does not appear in the registry of tax-exempt organizations maintained by the Office of the Attorney General very likely because NCIA has not registered to engage in business in California”

Who Is Inept: “NCIA does not appear in the registry of tax-exempt organizations maintained by the Office of the Attorney General very likely because NCIA has not registered to engage in business in California”

Who is Inept? – We were surprised a few days ago when we discovered California Cannabis Industry Association (“CCIA”) has been suspended by the Franchise Tax Board (“FTB”).  At the moment CCIA lacks the authority to engage in business.  We stumbled across this information quite inadvertently.  We were checking to see if the National Cannabis Industry Association (“NCIA”) was authorized to engage in business in California as a foreign corporation.

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Medical CCA’s (Cannabis Cooperative Association) 201

Medical CCA’s (Cannabis Cooperative Association) 201

This is the last of the four articles we decided to publish to illustrate the savings for consumers, and additional profits for cultivators, that can be produced through the use of a properly organized Cannabis Cooperative Association (“CCA”). This article describes the savings for consumers, and the additional profits for cultivators, that can be produced through the movement of extracted oil as medical cannabis through a fully integrated CCA.

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Medical CCAs 101 (Cannabis Cooperative Associations)

Medical CCAs 101 (Cannabis Cooperative Associations)

On August 6th we published an article that described the financial benefits of the use of a properly organized Cannabis Cooperative Association (“CCA”) to move cannabis as adult-use flower from cultivator to consumer. [See CCA’s Beat Underground ] On August 8th we published an article that described the financial benefits of moving cannabis as adult-use oil through a CCA. [See CCAs Create Profits ]This article describes the additional financial benefits of moving flower from cultivator to consumer through a CCA as medical cannabis rather than as adult-use cannabis.

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Formation and Set Up of Cannabis Industry Business

Formation and Set Up of Cannabis Industry Business

We have spent the past couple of articles reviewing the differences between “bookkeepers”, “generic accountants”, and “professional accountants”, the final phrase being limited to certified public accountants [‘CPAs” in the United States[1]. We add mention of Enrolled Agents [“EAs”][2] noting that they are “Circular 230 Practitioners” many of whom, are or have been employed by the Internal Revenue Service, and may be skilled at “Tax Resolution[3]”.

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Los Angeles Bringing Back The “War on Drugs” for Illegal Commercial Cannabis Activity

Los Angeles Bringing Back The “War on Drugs” for Illegal Commercial Cannabis Activity

Bringing Back The War – A bit of background on illegal storefront dispensaries tells us And the enforcement in California will come from both state and local authorities. The City of Los Angeles recently launched a massive crackdown on unlicensed, illegal cannabis businesses, filing misdemeanor charges against more than 500 people and shutting down 105 illegal cannabis businesses, including cultivation operations, extraction labs, and delivery companies across the city. In Los Angeles, a charge of unlicensed commercial cannabis activity within the city carries a potential sentence of six months in jail and $1,000 in fines.

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CANNABIS AND CEQA

CANNABIS AND CEQA

On August 19, 2019, the Supreme Court of California issued a unanimous opinion in Union of Medical Marijuana Patients, Inc. (“UMMP”) v. City of San Diego. Except for the parties and the limited number of individuals who follow litigation involving environmental law, this case has moved through the California court system with little notice. ……..” Because the City found that adoption of the ordinance did not constitute a project for purposes of CEQA, it did not conduct any environmental review. Petitioner Union of Medical Marijuana Patients (UMMP) challenged the City’s failure to conduct CEQA review in a petition for writ of mandate, which was denied by the trial court.”

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LARIBA: Sharia Finance

LARIBA: Sharia Finance

Jordan follows up his Cannabis & Sharia Law Article of a couple of weeks ago with this piece. He writes, “we hope that some of our readers enjoyed our initial attempt at explaining the basic principles of Sharia as applied to both Medical Cannabis and basic rules of finance. At the end of our article, we appealed for assistance in sourcing information about more advanced aspects of Sharia Finance. Well, one of Cannabis Law Report’s followers provided the next piece in the puzzle……..”

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IRS Updates CTR Exams

IRS Updates CTR Exams

IRS Updates CTR Exams – While we do a very significant amount of writing for our clients, partners, friends and the cannabis industry in California as a whole, we also do a very substantial amount of reading, and perhaps our three “go-to reads” are

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CA: DOJ Medical Cannabis

CA: DOJ Medical Cannabis

CA DOJ Medical Cannabis Rule Summary -The 16-page document from Attorney General Xavier Becerra’s office is “a good, solid first step” for enforcement, Kazan said. It spells out what is and what isn’t lawful grow.“I appreciate that it is coming from the top,” he said. The document summarizes more than 20 years of state laws, regulations, and guidelines concerning the growing, distribution and transportation of medicinal cannabis in the Golden State. The purpose of the release was “to reflect the evolution of cannabis legalization in California,” according to a statement from the Attorney General’s Office.

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CCAs CREATE PROFITS

CCAs CREATE PROFITS

On August 6th we published an article that illustrated the savings for consumers and additional profits for cultivators that could be produced through the use of a properly organized Cannabis Cooperative Association (“CCA”). This article describes the savings for consumers and the additional profits for cultivators in movement of cannabis in the form of extracted oil.

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Our lawyers have years of combined experience in all the practice areas related to the cannabis industry. Our services are tailored to assist producers, retailers,...

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Sydney Criminal Lawyers is an experienced team of specialist criminal defence lawyers who work together to ensure clients achieve the best possible outcomes in their...

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Your HR Bud LLC

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Chris Youmans - Human Capital Advisor to the Cannabis Industry Grow Your Team to Grow Your Business! We serve an exclusive client base in a...

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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....

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Cannabis law and commentary on legislative updates. Tom Howard has actively researched and served the cannabis industry legal needs since 2010. He has frequently published...

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How-to guides, ideas and expert insights for entrepreneurs looking to start and grow a cannabis business. Read The Latest News [feedzy-rss feeds="https://www.greenentrepreneur.com/latest.rss" max="10" feed_title="no" refresh="12_hours"...

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Dama Financial

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Dama Financial, through its partner banks, provides cannabis-related business with access to a secure, transparent banking solution that allows cannabusinesses to secure their cash, make...

 Banking & Finance /  California

CaliExtractions

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Since 2014 Caliextractions has been Northern California’s premier producer of essential oil extractors, located in Sacramento. We specialize in Aircraft Aluminum and Stainless Steel Extractors....

 Products /  California

The Law Office is a multi-attorney firm with offices in the DC area, Denver, and West Virginia. We represent clients in employment and occupational safety...

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Wake and Bake Daily

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Get toasted on a daily basis with Wake and Bake Daily. Take a look a the Cannabis industry from a different viewpoint. Recent Posts [feedzy-rss...

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Cannabis Consulting Nationwide is a leading resource and consultant for new retail cannabis stores and owners. Using our first-hand experience building a successful and legally...

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Find in-depth information for growers at moldresistantstrains.com Mold Resistant Strains is owned by Jared Cox, a medical cannabis grower and seed strain collector in Hawaii....

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Cultiva Law

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Cannabis Attorney in Oregon & Washington. We understand your unique cannabis business, legal, and compliance needs. We are thought-leaders and consistently receive amazing reviews from our former...

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aBIZinaBOX Inc

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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...

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Hanson Bridgett

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Hanson Bridgett is a law firm with more than 150 attorneys in offices in San Francisco, Sacramento, the North Bay, the East Bay and Los...

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Langlois

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Our specialized cannabis team is composed of lawyers with expertise in business law, labour and employment law and information technology law. They have the experience...

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  • Schmitt et al. v. LaRose

    No. 19-3196 (6th Cir. 2019)A decision by an Ohio county board of elections to reject ballot initiatives regarding certain marijuana decriminalization […]

  • Chance v. Kraft Heinz Food Company

    CA No. K18C-01-056 (Del. Super. Ct. 2018)Delaware’s Medical Marijuana Act (DMMA) does not require employers to participate in an activity made […]

  • State v. Jones (Jones II)

    No. CR-18-0370-PR (Ariz. 2019)Under Arizona’s Medical Marijuana Act (AMMA), the definition of ‘marijuana’ includes resin, and by […]

  • Whitmire v. Wal-Mart Stores Inc.

    359 F. Supp. 3d 761 (D. Ariz 2019)The Arizona Medical Marijuana Act (AMMA) creates a private cause of action for employees who are medical marijuana […]

  • Sias et al. v. Vigil

    D-101-CV-2019-61967 (N.M. Dist. 2019)New Mexico’s medical cannabis program cannot deny registry identification cards to non-residents, since […]

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