Cannabis Law Report

Rebooting Cannabis In California
Jul 6, 2020, 5:52 pm By Sean Hocking
The Santa Barbara County Grand Jury issued its 2019-2020 Final Report on June 30, 2020. The last section of this Report is devoted to the County’s actions relating to the cannabis industry. This last section of the Report is a scathing indictment of the…

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Smart People – Bad Decisions !
Jun 24, 2020, 12:57 am By Sean Hocking
Why is California’s cannabis industry in a state of chaos 2+ years after adult-use sales of cannabis were legalized? Why did California fail so badly in transforming a stable, lightly regulated medical cannabis industry into a heavily regulated medical and…

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Harbourside’s New Lawyers
Jun 9, 2020, 1:25 am By Sean Hocking
While we stand behind our criticism of Harborside’s original tax counsel, Harborside has made a grievous error in changing counsel. Harborside’s new tax lawyers lack adequate education and experience in federal tax law and accounting to pursue this appeal.

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New Publication: Understanding Social Equality By Chris Nani
Jun 5, 2020, 10:29 pm By Sean Hocking
Here’s the preface…. Chris Nani writes Social equity programs, a recent innovation of the cannabis industry, are programs that seek to remediate and help individuals, families, and communities harmed by the War on Drugs. In 2017 I began researching social…

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On the Burner: In-Depth Interview with Derek Du Chesne, President of Exactus Hemp
Jun 4, 2020, 8:48 pm By Sean Hocking
During his first foray into the the cannabinoid industry, Du Chesne found it difficult to get a reliable supplier and manufacturer of CBD which is what led him to EcoGen Laboratories. After being a faithful CBD client, he eventually met the company’s…

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Salvaging Equity Programs
May 30, 2020, 9:35 pm By Sean Hocking
Salvaging Equity Programs - this is our fourth article relating to the impact of the COVID-19 crisis on the cannabis industry. This will not be our last article on this topic. We initially anticipated only four, but we now see additional issues.

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CLAB Meet the Press: Cannabis and Media
May 30, 2020, 8:34 pm By Sean Hocking
The issues with cannabis and traditional media are not new. Buying ads, using social media, and other marketing avenues are closed. Paid media continues to be a struggle while earned media seems to be the emerging area of opportunity. If you wish to…

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High Times Admits SEC Filing is Wrong: Stormy Simon off the Board
May 27, 2020, 9:10 pm By Sean Hocking
by Teri Buhl High Times, a cannabis media company turned, hopefully, dispensary company, has announced in an SEC filing that some how they did not report that Stormy Simon who left as CEO also left their board of directors. Their May 26 filing with the…

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GrowHealthy Blooms in Florida
May 26, 2020, 9:20 pm By Sean Hocking
Author: Heather Allman 10 Questions with Hannah Lewis, Senior Director of Operations, GrowHealthy in Florida In April, in the midst of the current COVID-19 chaos, GrowHealthy bloomed under exceptional circumstances. This Florida dispensary has also flourished…

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Australia Guest Post: CBD May Be Available Behind The Counter By 2021
May 20, 2020, 12:13 am By Sean Hocking
Tom Brown of honahlee reports….Recently, the Australian Department of Health announced a proposal to down schedule low-dose CBD to a Schedule 3 drug. This change would mean low-dose CBD would be available for sale in pharmacies. ᐧ Thomas M Brown…

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Cannabis Tax Management
May 15, 2020, 11:46 pm By Sean Hocking
This article is the third of four articles that were prompted by the COVID-19 induced depression's acceleration of the collapse of the cannabis industry. Our second article explained how the financial efficiency of store-front and delivery-only dispensaries is…

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Canada’s Cannabis Talent Help List Launched
May 13, 2020, 8:16 pm By Sean Hocking
According to reports up to 30% of cannabis employees have lost their job during COVID-19 in Canada. We’d suggest at least 50% of these would have gone anyway but that’s another day another discussion. The Cannabis Talent List allows those without a job to…

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280E – Not A Problem !
May 10, 2020, 9:45 pm By Sean Hocking
We have published a number of articles over the past two years that explained how the impact of taxes on the cannabis industry could be minimized. We specifically addressed Internal Revenue Code (“IRC”) §280E in a couple of articles. See Analysis IRC Sec.…

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Cannabis California & Covid-19
May 6, 2020, 5:26 pm By Sean Hocking
This is the first of four articles we have been writing while sheltering-in-place. This first article summarizes our views on the impact of the COVID-19 crisis on the cannabis industry with respect to financial record-keeping and tax reporting issues. More…

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States Deem Medical Marijuana Essential Industry Amidst COVID-19 Emergency
Mar 31, 2020, 2:01 am By Sean Hocking
Businesses are on the front lines of the COVID-19 outbreak. Employers must attempt to balance public health concerns, compliance with emergency government orders, employee safety, consumer demand, and financial reality. Many states are enacting restrictions on…

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