Santa Barbara County Police Shuts Down Illegal Cannabis Operations Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical...
Cannabis Business
Why Taxpayers Involved In Offshore Accounts, Crypto-Currency Or Cannabis Should Be Filing An Extension For Their 2018 Income Tax Returns.
Why Taxpayers Involved In Offshore Accounts, Crypto-Currency Or Cannabis Should Be Filing An Extension For Their 2018 Income Tax Returns. If you did not report your offshore accounts, crypto currency income or cannabis income earned before 2018, you should hold off on...
Federal Cannabis Banking Bill Moving Through Congress – If You Can’t Beat Them, Then Join Them!
Federal Cannabis Banking Bill Moving Through Congress – If You Can’t Beat Them, Then Join Them! Under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief that it has a high...
How Do Marijuana Businesses Substantiate To IRS Expenses Paid In Cash?
It is outrageous that the $6.7 billion U.S. cannabis industry is forced by disparities in state and federal law to conduct nearly all transactions in cash. Experts believe that by 2021 the cannabis industry is expected to balloon to $21 billion. The lack of banking...