If You Can’t Beat Them, Then Join Them! Feinstein added to the list of politicians as a new ally to legalizing marijuana. Under Federal law marijuana is designated as a Schedule I controlled substance and therefore is illegal under Federal law. Despite California’s...
Cannabis Business Owners. You have questions? Get the answers you seek regarding tax and IRS. The cannabis industry is growing at record pace. While Marijuana businesses may have their state and local approval to operate, federal support is still ambiguous and unclear...
If You Can’t Beat Them, Then Join Them Under Federal law marijuana is designated as a Schedule I controlled substance and therefore is illegal under Federal law. Republican congressman, John Boehner, now age 68 who was first elected to the House of...
How Israel Is Dominating Global Medical Cannabis Research Despite An Anti-Federal U.S. Climate Most people would be surprised to hear that Israel is the global leader in medical cannabis research. Not a surprise here considering that Israel is already known as...
Attention California Cannabis Distributors: First Quarter 2018 Cannabis Tax Return Is Due April 30, 2018 Starting in 2018, cannabis distributors must file quarterly tax returns with the California Department Of Tax And Fee Administration (“CDTFA”). The cannabis...
California’s Cannabis Cultivation Tax – It’s How The State Gets Its Cut After The Harvest On November 8, 2016, California voters approved Proposition 64, Control, Regulate and Tax Adult Use of Marijuana Act. In 2017, to align the requirements for licensing and...
Why Taxpayers Involved In Offshore Accounts, Crypto-Currency Or Cannabis Should Be Filing An Extension For Their 2017 Income Tax Returns. If you did not report your offshore accounts, crypto currency income or cannabis income earned before 2017, you should hold...
Medical Marijuana Businesses Get A Reprieve By Congress – At Least For Now. On January 4, 2018, U.S. Attorney General Jeff Sessions announced the revocation of what is known in the cannabis industry as the “Cole Memo”. While that may now open the door for...
New cannabis taxes have been in effect in California starting January 1, 2018. Beginning January 1, 2018, licensed distributors who supply you with cannabis or cannabis products are required to calculate and collect the 15% cannabis excise tax from you. When you sell...
U.S. marshals in recent months having confiscated over 2,000 bitcoin in conjunction with federal prosecutions has announced the sale of this bitcoin to commence March 19th. Feds Don’t Mine – They Confiscate. When the Federal Government shuts down any illegal operation...
