Posts in consulting services
Cannabis Scandal | Pasadena, CA
Cannabis Scandal | Pasadena, CA
 
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In 2019, Pasadena, California accepted business applications and rewarded 6 Cannabis Retail Licenses. Critics now say that the local regulators reviewing these applications have violated the process that they created.

Scoring Structure

  • Three independent scorers must score each cannabis application

  • Scores were then totaled and averaged

  • The top 6 applications will be rewarded licenses

HDL Companies, a cannabis tax consulting firm, was hired to oversee the application process. Applications show only one independent scorer’s signature, not three. The scores were then “reviewed,” and later signed, by the firm’s “marijuana compliance manager,” who was in contact with each team member during weekly conference calls, erasing any notion of scorer independence.

There are currently four lawsuits challenging the results of the application process and two city councilpersons have recently begun raising red flags about the city’s selection process.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

California to Open More Medicinal Cannabis Stores
California to Open More Medicinal Cannabis Stores
 
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Assembly Member Ting brought new life back into a bill that will require California cities that voted for Proposition 64 to open medical cannabis stores. Assembly Member Ting stopped AB-1356 during the last legislative session after the League of California Cities opposed the bill. The bill is scheduled for a third vote in the Assembly. 

An analysis of the legislation indicates that 76% of Californian cities ban medical storefronts as well as 69% of the counties. Assembly Member Ting believes that the legislation will help curb the black market and promote access to medical cannabis products.

The number of medical cannabis stores that a city will be required to open will be based on the active number of liquor store licenses in the city. The amended bill reduced the number of medical cannabis permits that a city must offer from 25% of liquor store licenses to 16.6%. If the number results in a ratio greater than one than the city can limit the number of stores to one for every 15,000 residents in the city.

Cities that obtained a ballot vote on cannabis businesses on or after January 1, 2017 are exempt from this requirement. The bill also allows a city to reduce the number of required medical cannabis stores if a majority of voters support a ballot measure that contains an ordinance limiting medical cannabis dispensaries in the next upcoming election.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

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Eaze Announces Vertical Operations Plan
Eaze Announces Vertical Operations Plan
 
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EAZE ANNOUNCES $35 MILLION INVESTMENT TO LAUNCH VERTICAL OPERATIONS AND INCREASE CANNABIS ACCESS FOR 600,000+ CUSTOMERS

Reports 71 Percent Annual Increase in Overall Deliveries and 74 Percent Annual Increase in First-Time Deliveries

Eaze, California’s largest legal cannabis marketplace, announced today it has closed a $20 million investment and secured the ability to raise up to an additional $20 million to complete its Series D funding, inaugurating Eaze’s verticalization and brand strategy to expand access to safe, legal, and affordable cannabis products.

The $20 million from Series D investors -- led by FoundersJT LLC -- joins a $15 million bridge round led by Eaze key stakeholders, Rose Capital and DCM.

Eaze Chief Executive Officer Ro Choy said, “Verticalization is Eaze’s second act. Until now, we’ve invested in proving our market fit, building an enormous and loyal customer base, and becoming California’s biggest marketplace for legal cannabis delivery. Now, we’re proving we can make this business work in a more sustainable and profitable way, while continuing to grow Eaze’s existing services.”

In January, Eaze acquired DionyMed Brand’s rights to retail licensee Hometown Heart (HTH) depots in Oakland and San Francisco, and now has oversight of HTH’s day-to-day operations. In the coming weeks, Eaze will launch its own line of consumer brands in partnership with local licensees while continuing to support a broad array of independent, world-class California brands and independent licensed retailers across the state.

Despite challenges to California’s legal cannabis industry, the company experienced significant growth in 2019, as reported in the latest Eaze Insights: State of Cannabis Report. Highlights for 2019 include:

  • 97% annual increase in new sign-ups

  • 74% annual increase in first-time deliveries

  • 71% annual increase in overall deliveries

  • 104% annual increase in customers age 50+

Eaze also announced the promotions of Megan Miller to Chief Operating Officer and John Curtis to Chief Financial Officer. Miller, who previously served as Eaze’s Vice President of Finance and Marketplace, brings a unique combination of deep financial planning skills and comprehensive understanding of Eaze’s business to her new role. Curtis, who has served as interim CFO since October 2019, has been instrumental in sizing Eaze’s business and charting the company’s path forward to verticalization.

To-date, Eaze has supported over five million legal deliveries, has 600,000 registered customers, and features more than 100 licensed brands through its network of retail partners.

About Eaze

Eaze, California’s largest marketplace for legal cannabis, connects adult consumers with licensed retailers and products. Eaze is on a mission to enhance safe access to legal cannabis, educate people about cannabis as a tool for wellness and drive smart cannabis policies. www.eaze.com.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

Requirements for California Cannabis Packaging | 2020
Requirements for California Cannabis Packaging | 2020
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The California cannabis regulations require that all product packaging be

• child resistant

• tamper evident

• resealable (if the product has multiple uses).

Packaging for edibles must not only be opaque, but industry manufacturers are forbidden from showing the image of what the edible looks like in order to avoid appealing to children.

In addition, the labeling on the cannabis package may not:

• be attractive to children.

• make health claims.

• use the word “organic,” in violation of federal and state laws.

• use a California county name unless 100% of the cannabis was grown in that county.

It must carry the aforementioned California government warnings — the California Cannabis warning and, if the product contains one of the 900 chemicals currently on the Prop. 65 list, a Prop. 65 warning. Finally, every layer of the packaging must carry what is known, in properly cosmic lingo, as the Universal Symbol — a triangle with the silhouette of a cannabis leaf and an exclamation point.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

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3 States Voting on Cannabis This November
3 States Voting on Cannabis This November
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New Jersey, Mississippi, and South Dakota will all have cannabis measures on the November 2020 ballot.


New Jersey

Announced in December, residents of New Jersey will be voting on a constitutional amendment to legalize recreational marijuana. This ballot initiative was made possible by New Jersey's Senate and its Assembly, voting 24-16 and 49-24, respectively, to allow the state's residents to decide the future business of cannabis in the state. The question that'll be appearing on New Jerseyans ballots: Do you approve amending the Constitution to legalize a controlled form of marijuana called "cannabis"? New Jersey’s medical cannabis program would oversee and regulate the cannabis market. A municipality may pass a local ordinance to charge a local tax on cannabis products.

Last March, New Jersey lawmakers had agreed on a number of legalization aspects, including taxation. However, a proposal was ultimately thwarted by some lawmakers pushing for an expungement clause.

Mississippi

The state of Mississippi will be voting on medicinal marijuana this fall. A little over 86,000 signatures were required to get Initiative Measure 65 on the ballot, but nearly 106,000 signatures of the more than 214,000 signatures submitted were deemed valid. The question on the ballot will read, “Should Mississippi allow qualified patients with debilitating medical conditions, as certified by Mississippi licensed physicians, to use medical marijuana?” If approved, Measure 65 would allow Mississippi to create a medical marijuana program that would treat patients with a "debilitating medical condition." Initially, there would be about 20 conditions listed as qualifying, such as cancer and Parkinson's disease, albeit the Mississippi Department of Health would be allowed to add to the list of debilitating medical conditions if it sees fit.

South Dakota

The State of South Dakota is going to become the first ever to vote on both medicinal and recreational use cannabis initiatives in the same election. Similar to Mississippi, South Dakota has not legalized any form of cannabis use or sales. The first ballot initiative is Measure 26, which would create a medical marijuana program in South Dakota that would be overseen by the Department of Health. Individuals would need to have a debilitating medical condition to qualify for a medical cannabis prescription from a licensed physician. South Dakotans will also be voting on Constitutional Amendment A, which would legalize recreational marijuana in the state, and tax adult-use sales at 15%. Additionally, it would require the South Dakota Legislature to create and pass regulations for medical marijuana and hemp programs by no later than April 1, 2022. Since no other states has attempted to pass a dual legalization measure before, stay tuned to see how this all unfolds in cannabis history.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

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Hawaii Decriminalizes Cannabis
Hawaii Decriminalizes Cannabis
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Hawaii has become the 26th state to decriminalize the possession of cannabis. Currently, the state allows medicinal marijuana sales and now possession, and it is still not legal recreationally. The new measure came into effect on January 11th, 2020. Residents possessing 3 grams of cannabis or less may be punishable by fine.

Based on the fact that Hawaii already allows travelers to purchase cannabis, there are definitely some exciting possibilities for the new year. With so many bills currently up for consideration, and a fair amount of support for cannabis in both the House and the Senate. 2020 could bring a lot of change for the industry based on some of these proposals, as a total of 21 new measures have been introduced. “The last one went through the House and the Senate with no reservations,” said Rep. Richard Creagan, who co-sponsored both bills currently introduced to the House. “So, I hope the governor will be able to change his perceptions on the bill this time.”

Other bills introduced in the Hawaii House allow people to distribute cuttings of cannabis, legalize the selling cannabis seeds,  and another proposes legal edible sales for those inside the state.

The Senate bills focus more on legalization and sculpting the future of the Hawaiin cannabis industry. These bills plan on expanding the amount of allowed cannabis and measures to push toward full recreational adult-use.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

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More Cannabis Consumption Lounges Coming To Colorado in 2020
More Cannabis Consumption Lounges Coming To Colorado in 2020
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Gov. Jared Polis signed two measures that would expand Colorado’s cannabis industry in 2020. Colorado voters can now determine if they want cannabis “hospitality” businesses that allow on-site consumption in their city or county. These businesses, such as marijuana cafes, lounges and tasting rooms, can begin applying for licenses in 2020. Another new frontier that can now be legally explored in the new year is medical marijuana delivery businesses. Medical marijuana delivery businesses may ramp up as early as 2020, but recreational may begin in 2021.


For Cannabis Business Licensing help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Investor Presentation development, we have you covered.

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Cannabis Tax Strategy | 2020
Cannabis Tax Strategy | 2020
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For Cannabis Tax Strategy help, call at . We help cannabis business owners navigate the complex world of State and Local Cannabis Regulations while helping to develop and grow your business in the right direction. CAP can assist with projects large or small. Whether you’re looking for full-service state and local cannabis licensing or other services such as Cannabis Pro Forma, Cannabis Business Plan, Cannabis Business SOP, and Cannabis Tax Strategy development, we have you covered.


Sales, Use, and Cannabis Taxes

The California Department of Tax and Fee Administration (CDTFA) is the state agency responsible for collecting cannabis taxes and issuing seller’s permits. If you own a business in California that sells cannabis and/or cannabis products, you must register with CDTFA for a seller’s permit and regularly file sales and use tax returns. For information about the requirements that apply to your business, please review the links listed below.

  • Legislative Analyst’s Office – Adjusting California’s Cannabis Taxes

  • Tax Guide for Cannabis Businesses

  • Cannabis Special Notice – Important Cannabis Excise Tax Reminders for Cannabis Retailers and Distributors

  • New Emergency Regulation for Cannabis Distributors and Retailers Requires California Cannabis Track-and-Trace

  • Important Information for Cannabis Distributors

  • Guidance on How Taxes Apply to Cannabis Inventory Beginning January 1, 2018

  • Notice of Proposed Emergency Regulation

  • New Proposed Cultivation Tax Category, Tax Application, and Invoicing Requirements for Cannabis Businesses

  • Cannabis – What you Need to Know about the Tax Rates and Registration

  • New Cannabis Taxes Begin January 1, 2018

Income Tax

California taxes its residents on all income, including income from cannabis business activities. California taxes non-residents on income from California sources. All income apportioned to California by business entities is taxable. Income from entities organized as not-for-profit is also taxable. For information about California income tax for cannabis business activities, visit Franchise Tax Board’s website at ftb.ca.gov/Cannabis.

  • Cannabis Business Income Tax

  • Cannabis Business Ownership Tax Information Guide

Payroll Taxes

California businesses that hire employees to perform services are required by law to withhold, report, and pay payroll taxes. For information about cannabis industry payroll tax and reporting, visit the Employment Development Department’s website at edd.ca.gov/Cannabis.

  • Cannabis Industry Payroll Tax Reporting

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