Inyo County Sheriff’s Department Shuts Down Massive Illegal Cannabis Farms Located In The California Wilderness 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...
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U.S. Appeals Court Rejects California Cannabis Business’ Tax Dispute Due To Mailing Mix-Up
U.S. Appeals Court Rejects California Cannabis Business’ Tax Dispute Due To Mailing Mix-Up Two California-based cannabis companies had their petition thrown out of appeals court after it was delivered to court a day late by an unapproved delivery service. Organic...
Arizona Electorate Gets Approval To Put On The Ballot A Measure to Legalize Recreational Cannabis – If You Can’t Beat Them, Then Join Them!
Arizona Electorate Gets Approval To Put On The Ballot A Measure to Legalize Recreational Cannabis – If You Can’t Beat Them, Then Join Them! Arizona Secretary of State Katie Hobbs tweeted that her office “has certified the signatures submitted by the Smart and Safe...
USDA Approves More States’ Hemp Production Plans
USDA Approves More States’ Hemp Production Plans Every five years, Congress passes legislation that sets national agriculture, nutrition, conservation, and forestry policy, commonly referred to as the “Farm Bill”. On December 20, 2018 President Donald Trump signed...
Twelve Illegal Cannabis Retailers Served Tax Warrants in Greater Los Angeles
Twelve Illegal Cannabis Retailers Served Tax Warrants in Greater Los Angeles The California Department of Tax and Fee Administration (CDTFA) oversees the reporting and collection of taxes for the California cannabis industry. On July 8, 2020 the CDTFA announced that...
How To Handle Losses Due to Theft To Reduce California Cannabis Taxes and Sales & Use Tax
How To Handle Losses Due to Theft To Reduce California Cannabis Taxes and Sales & Use Tax With the recent wave of break-ins and robberies to local dispensaries in particular, cannabis business should not overlook this opportunity to save taxes. Cannabis Excise Tax...
Advantages To Filing A 2019 Tax Return – Getting Money Due To You
Advantages To Filing A 2019 Tax Return – Getting Money Due To You On March 25, 2020 the IRS issued a press release announcing a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to...
Why Taxpayers Involved In Offshore Accounts, Crypto Currency Or Cannabis Should Be Filing An Extension For Their 2019 Income Tax Returns
If you did not report your offshore accounts, crypto currency income or cannabis income earned before 2019, you should hold off on filing your 2019 taxes and instead file an extension. An extension is your way of asking the IRS for additional time to file your tax...
Don’t Think That COVID-19 Masks Illicit Cannabis Operators Or Their Landlords From Enforcement
Don’t Think That COVID-19 Masks Illicit Cannabis Operators Or Their Landlords From Enforcement It is a false sense of security to think that the COVID-19 pandemic will essentially terminate cannabis enforcement initiatives throughout California. Anyone conducting...
Can Cannabis Help People Improve HDL Cholesterol Levels?
Can Cannabis Help People Improve HDL Cholesterol Levels? The Center For Disease Control states that high cholesterol usually has no signs or symptoms. The only way to know whether you have high cholesterol is to get your cholesterol checked. The cholesterol test, or...