The tremendous growth (and growth potential) of the American cannabis industry attracts many entrepreneurs. Some enjoy the challenge of building a company from the ground up, while others welcome shortcuts that may allow them to become a business owner faster....
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marijuana businesses
How do you know the right way to structure your cannabis business?
If you’re in the process of setting up a new cannabis business in California, one of your considerations will be the type of entity you create. There are a number of different ways you can do it and what’s right for you will be a personal decision considering the...
How to prepare for a regulatory investigation of your business
As a cannabis business owner, you may be aware of the additional scrutiny from enforcement and investigatory bodies. The time and resources that these investigations require from you can feel burdensome and impactful on your business. If you’ve been given notice that...
How does M&A work for cannabis businesses?
The California cannabis industry is rapidly growing. One of the most effective ways of jumping into the cannabis industry is merging or acquiring an existing business, commonly known as M&A. However, it is important to remember that the cannabis industry is unlike...
2 potential roadblocks for your cannabis business
The use, sale and cultivation of recreational cannabis have been legal in California for over six years now. The industry is booming and multiple businesses are turning a significant profit. That being said, it is by no means easy to navigate the cannabis industry. ...
Twitter claims it will allow cannabis ads
So far, no social media platforms have allowed cannabis advertising. This makes sense in states where marijuana is not yet legal, but even in less regressive states that have both medical and recreational marijuana options; ads have not been seen. That may be about...
Money considerations if forming a cannabis business
Cannabis dispensaries and related businesses have proven to be lucrative here in California. The prospect of earning a nice income in a field with ample room for growth attracts many to the cannabis industry. The industry indeed promises the possibility of success for...
Minimizing risk in your cannabis business: 3 tips
In 2016, legislation was passed in California that legalized the use, sale, and cultivation of recreational cannabis for those aged 21 and over. However, just because recreational sales and use have been legalized, that doesn’t mean there are no regulations. Running...
Keep your cannabis business compliant
Now, responsible recreational cannabis use by adults 21 and older (and by certain others under 21 with specific diagnosed medical conditions) is legal here in our state. But California cannabis business owners must remain in compliance with a host of often-changing...
How does IRS Regulation 280E apply to your cannabis business?
Marijuana remains illegal under federal law. Therefore, some federal laws continue to curtail cannabis businesses, even though they may be legal at the state level. They include laws like Section 280E of the Internal Revenue Code that prohibits businesses dealing with...