California’s Assembly Bill 766 (AB 766) offers a new regulatory approach to the commercial cannabis industry in the state. Introduced by Assembly Member Ting, the legislation aims to bring further clarity and structure to the cannabis business, particularly in terms of invoices and payment timelines for commercial transactions. While the bill has its proponents who…
Continue reading ›California has long been at the forefront of cannabis policy reform in the United States. From being the first state to legalize medical marijuana in 1996 to the eventual legalization of recreational cannabis in 2016, the Golden State has consistently pushed the boundaries of cannabis acceptance and regulation. One critical aspect of this regulatory framework…
Continue reading ›The cannabis industry has been experiencing exponential growth in California since the legalization of recreational use in 2016. With the rise of cannabis delivery services, understanding the tax implications for these businesses is crucial. One of the most important aspects to consider is the Internal Revenue Code (IRC) Section 280E, which has a significant impact…
Continue reading ›California has become a hub for the legal cannabis industry since the legalization of recreational marijuana in 2016. While the industry has grown exponentially, so has the responsibility for paying cannabis taxes. For business owners, staying compliant with the California Department of Tax and Fee Administration (CDTFA) regulations is crucial. But what happens if a…
Continue reading ›Taxes are a part of everyday life, and while you may be familiar with income taxes and sales taxes, there’s another type of tax that might not be as well-known: excise taxes. In this blog post, we’ll dive into what excise taxes are, their impact on your daily purchases, and the role they play in…
Continue reading ›The legal landscape surrounding cannabis in the United States is complex and often contradictory. While cannabis is legal for medical and recreational use in California, it remains a Schedule I substance under federal law. This discrepancy creates numerous challenges and risks for cannabis business owners in California, who must navigate the intricacies of federal enforcement…
Continue reading ›Prop 64 The passage of Proposition 64 in California, also known as the Adult Use of Marijuana Act (AUMA), marked a turning point in the state’s approach to cannabis. Legalizing adult-use cannabis in the Golden State, Proposition 64 not only transformed the industry but also paved the way for a regulated cannabis market. In this…
Continue reading ›Recent Trends in Cannabis California’s regulated cannabis market has come a long way since the passage of Proposition 64 in 2016, which legalized adult-use cannabis in the Golden State. Since then, the industry has continued to evolve, with new trends, regulations, and market forces shaping its growth. As we delve into 2023, let’s take a…
Continue reading ›Introduction As the cannabis industry continues to grow in Los Angeles, many entrepreneurs are interested in capitalizing on the rising demand for cannabis products by offering delivery services. Obtaining a cannabis delivery license in Los Angeles can be a complex process that requires navigating both local and state regulations. In this blog post, we will…
Continue reading ›Introduction The Los Angeles Department of Cannabis Regulation (DCR) has implemented a Social Equity Program aimed at promoting equitable access and opportunities in the cannabis industry for communities disproportionately impacted by the War on Drugs. This blog post will explore the Social Equity Program’s selection criteria, the question of its constitutionality, and the benefits it…
Continue reading ›
