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...
Providing Honest, Reliable Business Counsel For 29 Years
marijuana businesses
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...
How do I become a commercial cannabis grower?
Cannabis is becoming a booming business in both California and nationwide, where marijuana is legalized for medicinal and recreational use. However, the cannabis industry is highly regulated. Here are some things you need to know if you plan to cultivate cannabis for...
LA County Board of Supervisors approves Cannabis Tax Measure for November election
On Tuesday, Aug. 9, 2022, the Los Angeles County Board of Supervisors voted to place the Cannabis Tax Measure for unincorporated parts of the county on the Nov. 8 ballot. If the measure passes, it would give the county the ability to tax cannabis businesses located in...
Examples of intellectual property unique to the cannabis industry
Intellectual property usually comprises intangible items or ideas arising from the creative process. All companies and business owners have at least some forms of intellectual property that add value to their operations. You might expect marijuana businesses to own...