The new ordinance cut the number of dispensaries countywide roughly in half, limiting them to five, and was met with opposition in the form of a referendum effort that county Registrar of Voters Diane Fridley told the board Tuesday had enough signatures to go on the ballot.
"If we don't get a change in the IRS ruling, every legal, regulated distributor of cannabis in the United States is going to have to go out of business, and patients will be forced back into the hands of criminals"
–Steve DeAngelo, Executive Director, Harborside Health Center
A tentative opinion was issued recently by the State of California’s 4th District Court of Appeals in the case of City of Riverside vs. Inland Empire Patients Health and Wellness Center… and the Court’s opinion is not the least bit favorable toward Medicinal Cannabis Dispensaries (MCDs) statewide.
The Court has tentatively concluded that under existing state laws, cities and counties can ban collectives under their zoning ordinances.
COLORADO TAXES | AUG 5, 2011 | Medical Marijuana as Medicine and Non-Taxable | On Tuesday, despite evidence that the tax could yield tens of thousands of dollars in revenues annually, the council decided to leave it off the ballot. - Council member Bob Saunders said that since the town doesn’t have an excise tax on pharmaceuticals, he doesn’t see why it would tax medical marijuana.
Tax attorney - Robert W. Woods, states: "Sales tax isn’t the only issue. As I noted here, the IRS also has issues with medical marijuana. Under federal tax law, Internal Revenue Code Section 280E precludes deductions for any business trafficking in controlled substances. For that reason, some dispensaries have been stuck paying tax on their gross income, not on their net after expenses!
Two Colorado suppliers of medical marijuana are employing an RFID system provided by Denver startup LeafTrack, to provide visibility into the health of plants as they grow, as well as to meet the state's stringent requirements for tracking the drug, from seed to user.
SACRAMENTO, CA | June 2011 | Next meeting - Aug 10 | Board Votes to Develop Permanent Medical Marijuana Ordinance - A deliberative process will be initiated including further analysis and public hearings. Because dispensaries are not currently permitted in the unincorporated County, staff will return to the Board on August 10 at 10:30 a.m. with a report and recommendation on enhanced enforcement options.
420 College 2 Day LIVE Event | JULY 30 & 31 | THIS WEEKEND IN Los Angeles Area
Starting and Growing Our Medical Marijuana Economy | Legally
and HOW YOU CAN BE A PART OF IT, TODAY!
Join Us - LIVE - Sat & Sun | 10a to 4:20p | July 30 & 31 | Pasadena, CA
Orchid Suites - Please Pre-register - we do not process cards at the door!