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Weekly Cannabis Licensing Update - August 12
This week’s California cannabis updates are from La Mesa, Corning, Oxnard, and the Bureau of Cannabis Control.
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Weekly Cannabis Licensing Update - August 19
Check out this week’s California cannabis news from Lassen County, Hemet, Bellflower, and Los Angeles.
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Mergers & Acquisitions in the Cannabis Industry - Due Diligence
Mergers and acquisitions are becoming more and more popular in the cannabis industry. According to data from Marijuana Business Daily, “233 M&A transactions have been completed so far in 2019...
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Weekly Licensing Update - August 26
This week’s cannabis updates from the state of California come from Los Angeles, Hesperia, Sacramento, and Oceanside. Plus, an important update in regards to starting a hemp business in the US.
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Managing Cannabis Employee and Contractor Payroll with Cash
Due to federal regulations restricting cannabis operators’ access to traditional banking, many cannabis companies are forced to pay their operational costs in cash.
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How Are Taxes Covered Under Cannabis Partnership and Operating Agreements?
As operators gain more experience working in the cannabis industry, some trends are becoming clear. The market is very relationship-based; it’s hard to get a foothold in this competitive space if you...
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Mergers & Acquisitions in the Cannabis Industry - Business Combination &...
This post is the second in a two-part series on mergers and acquisitions in the cannabis industry. Read the first part, “Mergers & Acquisitions in the Cannabis Industry - Due Diligence” for things...
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Everything Cannabis Operators Need to Know About Form 8300
Recently, our experts have heard reports of cannabis operators being penalized for failing to submit IRS Tax Form 8300.
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Opportunity Zone Credits for Cannabis Investors & Operators
Opportunity zones are some of the best investments available for anyone with the funds seeking to lower their tax responsibility. Praised by some as a “more socially conscious form of real estate...
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Best Practices for Managing Your Cash on Hand
The 280E regulation requires cannabis operators to deal with an inordinate amount of cash. The term “cash flow” takes on new meaning for businesses in this cash-heavy industry. Cash is the oxygen of...
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Can Cannabis Businesses File for Bankruptcy?
The Bureau of Labor Statistics reported this year that about 20% of small businesses fail in their first year. In the cannabis industry, operators face more obstacles than other new businesses. High...
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How to Leverage Real Estate, Assets, and Cannabis Licenses for Better Cash Flow
Cannabis is an expensive industry to be a part of, and cannabis operators seeking to make a profit sometimes have to get creative. As this highly-regulated industry continues to stabilize, savvy...
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Using Functional Interviews to Reorganize Your Cannabis Company
The cannabis market is maturing, and with that growth comes many changes for cannabis operators who are merging, adjusting, and reorganizing to improve their operations. Labor costs – employee wages,...
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CDTFA Cannabis Excise Tax Update for 2020
Last month, the California Department of Tax and Fee Administration announced an increase in the cannabis excise tax. Starting January 1, 2020, the new markup rate will be 80%, an increase from the...
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Optimizing Multi-Unit Cannabis Business Operations
As the cannabis industry matures, some companies are emerging as clear winners in this competitive market. They’ve managed to stabilize and expand their operations, often while merging with similar...
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Understanding Cannabis Nursery Businesses
Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation operation, but still lets entrepreneurs work with...
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Case Study: Alternative Health Care Advocates Tax Penalties
A recent court ruling in Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue offers some significant tax implications for cannabis operators and management companies. The case,...
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Case Study: Northern California Small Business Assistants, Inc.
Last week, we covered a recent court case Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue. (Watch the Video)
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Best Practices for Cannabis Dispensary Cash Handling
Cash management is important for every small business but can sink a cannabis operator quickly. In an industry where virtually every transaction is handled in cash, strong cash handling policies are...
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Embezzlement: How to Spot the Warning Signs in Your Cannabis Company
Cannabis is still a new market, and with so much cash changing hands during the course of doing business, it’s likely that operators will come across fraud, embezzlement, or financial misrepresentation...
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