accounting for dispensaries

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 
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Operating Procedure Package for MAUCRSA permit applicants     With the new marijuana laws in California taking effect, they instruct all MAUCRSA licensees to have operating procedures included as a part of their license application.  Filling out the marijuana license application is the easy part, but a real good Operating Procedure will help in getting your marijuana license approved. To improve the chances of having your license approved, you should have all these forms ready before submitting your license.  
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DENVER — Money was pouring into Bruce Nassau’s five Colorado Legalized marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Mr. Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a small fortune. “I had to write a check for $275,000,” Mr. Nassau said. “Unbelievable.” The country’s rapidly growing 
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  Talking THC, cannabis contains at least 400 different chemicals, its main mind-altering ingredient is THC (delta-9-tetrahydrocannabinol). The amount of THC in marijuana determines the drug’s strength. THC levels are affected by a great many factors, including plant type, weather, soil, and time of harvest. It is widely believed that the sophisticated cannabis cultivation of today, specifically the use of hydroponics, produces higher levels of THC and therefore marijuana that is far more potent than 
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  This month, March 2015, marks the six year anniversary of the founding of 420 College!  Reflecting on the first three months of 2015 it is clear that 420 College has had an amazing year so far.   Our class sizes have increased from 10 students per class back in March 2009 when we were first founded to almost 200 students per LIVE class which caused us to outgrow small hotel conference rooms and now we 
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Before I get to my business intel, you should know that the personal tax world was roiling late last week over some fraud detected from within TurboTax. Here is the Story: http://www.forbes.com/sites/kellyphillipserb/2015/02/06/turbotax-temporarily-halts-e-filing-in-all-states-amid-fraud-concerns/ Essentially, the makers of the software detected a level of fraud occurring in state tax return submissions that made them decide to completely shut down submission of those returns for a period of time. Eventually, they determined that the apparent source of the fraud was 
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