Smart People – Bad Decisions !

Smart People – Bad Decisions !

Why is California’s cannabis industry in a state of chaos 2+ years after adult-use sales of cannabis were legalized?  Why did California fail so badly in transforming a stable, lightly regulated medical cannabis industry into a heavily regulated medical and adult-use...
Harbourside’s New Lawyers

Harbourside’s New Lawyers

Harborside has new tax lawyers.  Harborside’s new tax lawyers have appealed the DECISION of the United States Tax Court entered October 19, 2019, that determined Harborside has deficiencies in income tax in the total amount of $11,013,236.75 for the years 2007-2012....
Salvaging Equity Programs

Salvaging Equity Programs

Salvaging Equity Programs – this is our fourth article relating to the impact of the COVID-19 crisis on the cannabis industry.  This will not be our last article on this topic.  We initially anticipated only four, but we now see additional issues. If you wish to...
Cannabis Tax Management

Cannabis Tax Management

This article is the third of four articles that were prompted by the COVID-19 induced depression’s acceleration of the collapse of the cannabis industry. Our second article explained how the financial efficiency of store-front and delivery-only dispensaries is...
280E – Not A Problem !

280E – Not A Problem !

  We have published a number of articles over the past two years that explained how the impact of taxes on the cannabis industry could be minimized. We specifically addressed Internal Revenue Code (“IRC”) §280E in a couple of articles. See Analysis IRC Sec. 280E...