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COACHELLA, Calif. –  After approval in Desert Hot Springs and Cathedral City, the City of Coachella is next to open their doors to the marijuana industry and it became official tonight with a unanimous city council vote. ” I think more than anything its an opportunity to really diversify our economy, to bring in more jobs, to be first and be a trend setter.” Mayor Steven Hernandez said. “Really wise for the city leaders, they

July 14, 2016

Dispensary accounting

Keeping cash in mind when running a dispensary business is very risky. It makes you susceptible to robberies and thefts. You may also have to face ugly audits as a result of keeping huge amounts of money in hand. Remember, financial institutions and banks don’t allow marijuana businesses to have an account with them. Although the federal rules states that banks can do business with owners of marijuana dispensaries, many are hesitant to offer their
With medicinal marijuana becoming more regulated and the possibility that California voters will legalize pot in November, Cloverdale is pursuing a local tax on cannabis-related businesses. A majority of Cloverdale voters would need to approve the tax, which the City Council is likely to place on the November ballot. Mayor Mary Ann Brigham said there is no shortage of people wanting to set up dispensaries or other cannabis businesses in Cloverdale, and it makes sense
Owning and operating a marijuana business can be very risky. This is the reason you may need to seek the help of professionals to handle the various aspects of your business. There are a number of reasons why you may need to seek help from a marijuana business accounting firm as well. The number one reason is to understand the tax, state and industry laws so you can comply with them and prevent yourself from
Running a medical marijuana business is not legal under the federal and it is common for marijuana business owners to get into legal problems. This is the reason why many accounting firms do not offer their services to those who are involved in the marijuana industry. But it is also true that marijuana business owners do need marijuana dispensary accounting services to keep their businesses running smoothly. Today, there are a limited number of firms
CLEARLAKE, Calif. – The city of Clearlake continues to work through the early stages of its new marijuana cultivation permitting process, enacted earlier this year. The Clearlake City Council passed a new city marijuana cultivation ordinance in February that was based on the work of an ad hoc committee that included council members, business people and a dispensary owners, as Lake County News has reported. In addition to banning commercial cultivation, the ordinance requires a
Dispensary business law differs from state to state and if you have planned to set up your own dispensary business, then you must comply with the laws of your particular state. The laws that exist in your state determine who can set up a business and who cannot. Basically, it all comes down to meeting the legal requirements. It even works on a first come first serve basis for some states because of the limits
In the states where marijuana is legalized, an Act has been passed whereby patients who require marijuana in their treatment for medical conditions can make use of the drugs legally. Under this Act, it is possible for companies and businesses to provide the patients with marijuana or its products in a legal manner. Marijuana dispensaries, grow houses and delivery services will not face criminal consequences as a result of selling marijuana in the state. However,
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