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What Impact has Coronavirus had on the Capitol?

Posted by An-Chi Tsou | Mar 25, 2020 | 0 Comments

April is usually one of the busiest months for the Legislature, with lobbyists and advocates filling the halls of the Capitol to work with elected officials on pending legislation. But since mid-March, Sacramento has been eerily quiet as legislators try to help flatten the curve and prevent the s...

USDA Interim Final Hemp Rules

Posted by Michelle Mabugat, Esq. | Jan 21, 2020 | 0 Comments

Co-Author On October 31, 2019 — yes, on Halloween and almost a year after the legalization of commercial hemp production — the USDA finally released its interim final rule (“IFR”) to establish the Domestic Hemp Production Program.  As you may recall, on December 20, 2018, the Agricultural Im...

Coming Soon: Compassionate Care Program Implementation

Posted by An-Chi Tsou | Dec 16, 2019 | 0 Comments

As people prepare for 2020, it's important to remember that new cannabis laws will go into effect beginning January 1. A couple of notable ones are Jojo's law (SB 223, authorizes local education authorities to adopt policies that allow a student's parent or guardian to administer certain types ...

Newsom Pushes California Cannabis in Right Direction

Posted by An-Chi Tsou | Oct 17, 2019 | 0 Comments

Going into the end of the legislative session, many members of the cannabis industry were optimistic about the fate of cannabis-related bills as they crossed Governor Newsom's desk. A leader of California's Blue Ribbon Commission on Marijuana Policy and a strong proponent of Prop 64, Newsom has...

Can You Save On Income Tax? (And Other Taxes Too!)

Posted by Guest Author | Aug 14, 2019 | 0 Comments

By Abraham Finberg CPA and Simon Menkes CPA As most people in the industry already know, due to Internal Revenue Code (IRC) 280E, cannabis businesses may only reduce their income with cost of goods sold (the cost of the product) to lower gross profit and save on taxes.  Most tax planning invol...

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