Category: aBIZinaBOX Inc. and Jordan S. Zoot

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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California: Licensing Cannabis Cooperative Associations

California: Licensing Cannabis Cooperative Associations

Licensing Cannabis Cooperative Associations [“CCA’s”] – we have been working on getting CCA’s recognized and licensed by the California cannabis regulators for half a year. We share our success in getting the California Dept. of Tax and Fee Administration [“CDTFA”] to recognize CCA’s and successfully received Sales and Cannabis Permits for a number of CCA’s. The process with CalCannabis has been quite a bit more protracted. However, we are confident that we will be successful, we will share more when we know more.

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Lobby Activities and the Cannabis Industry – State Level

Lobby Activities and the Cannabis Industry – State Level

CA Lobby Activity Background – we enjoy turning over rocks…we find poisonous snakes, scorpions, all kinds of vermin and lobbyists. Our current fascination is with lobbyists, lobbying firms, trade associations, and consultants that are contracted by businesses to seeking to exert influence over elections, activity by California Legislature, activities bystate-level agencies in California the regulate and tax the legal cannabis industry [BCC, CDPH-MCSB, CFDA-CalCannabis, and CDTFA.]. [We will address the municipal and city level in a separate article.]

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Cantonization – California – Cannabis

Cantonization – California – Cannabis

Cantonization – California – Cannabis – We have been looking forward to writing this article for a number of reasons.  We want to begin by thanking John Schroyer of MJBizDaily for introducing us to the issues we will discuss in this article.  We will try to polish some of the raw gems that John identified in a three-part set of articles

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The Colossal Cannabis Fiasco

The Colossal Cannabis Fiasco

What is really happening in California’s cannabis industry? What sources are reliable? Is anyone’s opinion reliable? What opinions are worthwhile? What opinions are useful? Why is so much garbage published?   What is fake news? How inaccurate must news be to be “fake news”? Is California’s cannabis industry booming or busting? The answer to the last question is easy. The answer to the last question is wholly dependent on who you ask. This is the reason we asked so many introductory questions.

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Illinois Cannabis Legislation

Illinois Cannabis Legislation

Illinois Cannabis Legislation, titled Illinois Cannabis Regulation and Tax Act introduced, and in classic Illinois fashion Governor Pritzker is already crowing about the bill making Illinois a leader, even though nine states have already legalized adult use.

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CalCannabis: Why Such a Debacle?

CalCannabis: Why Such a Debacle?

We were prompted to write this article by Joe Kukura’s article “Pot Growers Nipped in the Bud by Bureaucratic Bungle.” We agree with the article. CalCannabis created a gigantic debacle with its licensing of cultivators. However, a more accurate statement is, “CalCannabis is a gigantic blunder.”

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California: Eek Another Regulator

California: Eek Another Regulator

Eek Another Regulator – the nightmare of nightmares I happened upon yet another cannabis regulator in California…I have to admit that this one has me dumbstruck…never knew it was there…and am still trying to figure out where it came from. [I am just waiting for everyone to tell me that they knew about it and I am the only stupid one that didn’t know about it…how could the cannabis industry in California possibly live without another regulator?

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Wake Up Humboldt County – The Sky Is Falling!

Wake Up Humboldt County – The Sky Is Falling!

At the time legalization of cannabis loomed as a potential reality on the horizon, Humboldt County was positioned to maintain as a legal industry the prosperity that cannabis had provided the County for the preceding 30 years. Humboldt County had a well-established cannabis industry with a world-wide reputation for the quality of its product and growers. Of course, cannabis is a controlled substance under federal law and the vast majority of the residents of Humboldt County could have been criminally indicted.

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Tax Consequences to Cannabis Businesses of Licensing Delays

Tax Consequences to Cannabis Businesses of Licensing Delays

A number of articles and comments have addressed the application of IRC Sec. 280E and inventory costing methods for “Cost of Goods Sold” for a legal cannabis retailer in light of the two Harborside decisions. We have read no analysis that appeared to completely “get it right.”   Judge Holmes failure to impose accuracy-related penalties under IRC Sec. 6662 seems to have confused many commentators.  Let us see if we can produce a clearer articulation of inventory costing for the cannabis industry.

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Federal Legalization – Then What?

Federal Legalization – Then What?

Federal Legalization – Then What? – It is fascinating to step back and observe how the mindset of many in the cannabis industry seems to work. Let’s think through a couple of scenarios and have a peek at the landscape in a post-legalization world. Let’s begin with the following:

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The Impact of Taxes in California on Cannabis Oil

The Impact of Taxes in California on Cannabis Oil

This article is the companion to our article relating to the impact of taxes on the sale of cannabis flower. Our earlier article provided a simple illustration of the impact of taxes on the movement of flower through California’s commercial cannabis market. This article provides a simple illustration of the impact of taxes on the movement of cannabis oil through this market. 

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Lines We Don’t Cross

Lines We Don’t Cross

The reason we have chosen to frame the discussion by reference to the rules that govern Circular 230 Practitioners is that we seem to be getting a disproportionate number of questions about “is it ok to…” and finish the sentence with myriad forms of conduct that could land a business owner in prison and be a death penalty for a professional license.

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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...

 Legal /  New South Wales

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...

 HR /  United States

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

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...

 Legal /  Illinois

Green Entrepreneur

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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"...

 Publications /  United States

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...

 Legal /  United States

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...

 Media/News /  United States

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...

 Consultant /  Washington

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....

 Products /  United States

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...

 Legal /  United States

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...

 Accounting and Tax /  California

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...

 Legal /  California

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...

 Legal /  Canada

Brownson • Norby, PLLC is a Minnesota law firm with a national practice. We provide legal services in a wide range of areas including insurance...

 Legal /  Minnesota

MG Miller

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MG Miller is a modern intellectual property boutique located in Manhattan’s Financial District. Working primarily with startups and entrepreneurs, we create intellectual property portfolios that...

 Legal /  New York

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

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  • Murro v. Arizona Dept. of Health Services

    No. 18-0471 (Ariz. Ct. App. 2019)A conviction for solicitation to commit possession of a dangerous drug for sale is a violation of a state controlled […]

  • CWNevada LLC

    No. 19-12300 (Bankr. D. Nev. 2019)Where an operator cultivating, producing and distributing marijuana did not establish debtor-in-possession bank […]

  • Mission Pennsylvania, LLC v. Wallace McKelvey

    No. 185 C.D. 2018 (Pa. Commw. Ct. 2019)Department of Health has the burden of supporting its grounds for denying access to portions of applications […]

  • Washington v. Barr

    No. 18-859 (2nd Cir. 2019)Plaintiffs challenging the inclusion of marijuana on CSA schedules failed to exhaust administrative process because they […]

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