Blogs & Articles

May 24, 2016

What is a proven strategy that allows state-sanctioned marijuana businesses to sidestep the negative tax impact of 280E? Unfortunately, cannabusinesses cannot be exempt under LR.C. 501(C) because of the “public policy doctrine” that prevents charities from having reaso...

May 17, 2016

Visit the Board of Equalization web site and you will find out what registration types you will need in order to own and operate your business in California. The permits that you will need depends on the business activities included in your business. There are fifteen...

May 17, 2016

This is an exciting time for San Diego marijuana cultivators who want the marijuana cultivation ban to end. New regulations that will be proposed in November will determine whether to approve recreational use now that supporters have collected enough signatures to get...

May 10, 2016

There are issues that arise when taxpayers traffic illicit controlled substances and these controversies pertain to capitalization of inventoriable costs. This is a hot topic for tax payers and cannabusiness owners and operators need to determine the accurate cost of g...

May 10, 2016

Cannabis Tax and Accounting Services prides itself on helping customers find the right solution to their marijuana business needs. We want to be honest and address the competition in hopes of providing information that will help future clients make an informed decision...

May 3, 2016

California cannabis firms are organized as state nonprofit mutual benefit corporations because under state policy there is no strong argument that for profit marijuana sales are legal. S.B. 420 declares that it does not authorize “Any individual or group to cultivate o...

May 3, 2016

Here are four bullet points displaying what you should be doing on the backend of your cannabusiness in order  to keep in compliance for federal and state lawas and also to gain support from investors. .

 

1. Keep receipts- show expenses and demonstra...

May 3, 2016

Companies cannot make deductions disclosing unlawful money management when to allow such deductions would hurt the national or state policy that prohibits the alleged actions. Federal law implies that Congress can enforce certain provisions that restrict deductions in...

May 3, 2016

A company that is setting up a non-profit Mutual Benefit Corporation should obtain a seller's permit if the firm is going to sell or lease products at wholesale or retail levels for which they will have to collect sales tax. All firms must file their BOE which is the C...

May 3, 2016

 

Marijuana contracts are a hot topic today due to cannabis legalization efforts and it is important for Californians to understand whether or not marijuana contracts are enforceable by the state. Activities that are legal under state law but illegal under federal law r...

Please reload

Featured Posts
Please reload

Archive
Please reload

Search By Tags

© 2015 by Cannabis Tax and Accounting Services