28
MAR
2018
Cannabis business law
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Operating a cannabis business is not an easy job. It involves a great deal of risk because, under the federal law, it is illegal. Additionally, operating a cannabis business needs a large amount of investment and if a business owner runs into legal troubles or if the owner does not co
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News from Cannabis College
- Retailers – Delivery EmployeesRetailers – Delivery Employees (a) All deliveries of cannabis goods shall be performed by a delivery employee who is directly employed by a licensed retailer. (b) Each delivery employee of a licensed retailer shall be at least 21 years of age. (c) All deliveries of cannabis goods shall be made in person. A delivery […]
- § 5311. Requirements for the Transportation of Cannabis Goods§ 5311. Requirements for the Transportation of Cannabis Goods The following requirements apply when transporting cannabis goods between licensees or licensed premises: (a) Transportation shall only be conducted by persons holding a distributor license under the Act, or employees of those persons. All vehicles and trailers used for transportation shall be owned or leased, in […]
- Posting and Advertising – License Posting RequirementPosting and Advertising – License Posting Requirement § 5039. License Posting Requirement. (a) Upon issuance of any license, the licensee shall prominently display the license on the licensed premises where it can be viewed by state and local agencies. If the licensed premises is open to the public, the license shall be displayed in an […]
- Donations of Cannabis and Free Cannabis ProductStarting today cannabis retailers may provide free cannabis or cannabis products to qualified medicinal patients or their primary caregivers. This change is due to the adoption of Senate Bill 34, which also exempts these donated items from excise, sales and use, and cultivation taxes. Licensed cultivators, manufacturers, distributors, retailers or microbusinesses may designate cannabis or […]
- What To Do If Your Cultivation Business Is Failing?Most experienced cultivators will tell you that growing cannabis is a 24-hour a day, dull and hard work business. Many people looking to make their fortunes in the Green Rush flock to the idea of growing cannabis because they think it is easy. After all, get a warehouse and fill it with a bunch of […]
- How To Find Investors For Your Cannabis BusinessThere are only a few stock pushers left that are cold-calling with tales of riches to be found in the hot cannabis stocks traded on Canadian stock exchanges. Some of you might have been approached with great ways to fund your businesses, even before they launched, through an IPO in Canada. Perhaps you actually sold […]
- How To Do A S.W.O.T. Analysis For Your Cannabis BusinessHere it is the beginning of the new year and it is time to do taxes and try to figure out how you are going to expand your business, or at least keep your business alive, for the next twelve months. A good place to start is to sit down at a desk or table, […]
- What Does Cannabis Industry Consolidation Mean To You?Cannabis legalization has been, for many people, a sucker’s trap. It has presented lots of opportunities to make a lot of money through growing, manufacturing, testing, distributing, delivering, and retailing cannabis products. Unfortunately, in most states, the Black Market cannabis industry was so well-established prior to legalization that the legal newcomers had an uphill battle […]
- What To Do If Your Dispensary Is Losing Money?The biggest problem dispensary owners are having is price competition from the Black Market cannabis providers. An illegal dispensary can sell for low prices because they don’t have the expenses that legal shops incur even though the illegal businesses run the risk of shut-down. One new idea that might have some promise is California’s move […]
- Is A Legal Cannabis Industry Unrealistic?The Los Angeles Times recently highlighted the disappointing experience of Costa Mesa, a town that had expected to benefit greatly from the legalization of marijuana in California. In the first year, 2018-2019, the city budgeted for a $1.56 million tax windfall but instead collected $163,803. During the 2020 tax year, Costa Mesa’s budget projects cannabis […]
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