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California Compliance (Seed to Sale Tracking update)

This is an older post from October 2015, but remains just as relevant for anyone operating in the California Cannabis Industry. Everything that is bold and italicized is updated. METRC is the same seed to sale tracking system used by Colorado with is in Oregon, Alaska, Michigan, California, and...

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DO YOU NEED TO PAY SELF EMPLOYMENT TAX?

October is a super busy month for tax filings with the IRS and other regulatory bodies because corporate income tax extensions, quarterly sales tax payments and employment tax returns are due. We've got some clients that are considered self-employed, so this post is dedicated to understanding...

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Is an LLC Best for your cannabis business? In California, definitely not.

One of the most important things when starting a business is to understand what type of legal entity you should choose - because - let's face it, you do not want to be operating as a sole proprietor for long. There are so many variables in deciding the best entity selection for your business,...

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DEA RAIDS and the IRS

A ruling a few years ago (Beck vs. Commission) is an interesting one for the cannabis community. A quick background on the story: It's 2007. Jason Beck had two dispensaries, one in West Hollywood and one in San Francisco. The DEA raided his West Hollywood dispensary in January 2007, and the...

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How to Apply for a Cannabis license

If you had asked me five years ago, if I would be assisting business owners in applying for cannabis licenses, I would have never imagined it. However, four years later, with more than 31 states with legal cannabis laws, I have worked on my fair share of cannabis applications. Depending on the...

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