cannabis

Key Takeaways from USDA Session on Industrial Hemp and the Farm Bill

hemp, cannabis, farm bill, advisory, consulting, CBD, industrial hemp, tax, 280e, native, tribal, consulting, governance, risk, compliance

On March 13th, the U.S. Department of Agriculture (USDA) held the first in a series of listening sessions to gather public input on the implementation of the Agriculture Improvement Act…

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The Cannabis Banking Crisis Heads to Washington

cannabis, GRC, advisory, risk, cash, banking, internal control, cash control

by Linda Hurley, Governance, Risk, and Compliance Practice Leader Everyone involved in the cannabis industry, at any level, is all too aware of the obstacles and risks presented by the…

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Going Public in Canada

What You Need to Know To Go Public in Canada Denied access to many fund-raising avenues, US-based cannabis businesses are going public in Canada to generate the capital that fuels…

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Seeking Capital in Canada: Why US Cannabis Businesses are Going Public in Canada

cannabis, industry, capital markets, capital raise, IPO, RTO, going public, Canada, cross-border, advisory, accounting, financial,

2018 has been a landmark year for the cannabis industry in many ways. Not only did California’s legal market open on 1/1/2018, but Canada is soon to become the largest…

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Cannabis Tax Alert: How a 280E Ruling Will Affect Your Bottom Line

280E, cannabis, tax, consulting, tax court, compliance, altermed,

Tax Code Section 280E is one of the biggest obstacles cannabis business owners and operators face when trying to turn a profit. The cannabis industry in the US has been…

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Where is the “Pot” of Gold?

California’s Cannabis Tax Revenue: Expectations vs. Reality By: Scott Johnson Cannabis tax revenues have fallen short, much to the chagrin of state and local governments who were relying on higher…

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Progress Made But Much Work to Be Done: Fireside Chat with Cat Packer and Lori Ajax

cannabis, los angeles, california, compliance, guidance, advisory

Earlier in June, the MGO | ELLO Alliance sponsored the “Cannabis in California: A Fireside Chat” event, a discussion of the state of the cannabis industry in Los Angeles and…

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July Packaging & Testing Deadline: How Cannabis Businesses are Complying with California Requirements

cannabis, california, advisory, guidance, compliance, packaging, testing, bcc

"The transition period in the licensing authorities’ regulations allowing exceptions from specific regulatory provisions ends on June 30, 2018. Beginning July 1, 2018, cannabis goods must meet all statutory and…

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Is an End to the Cannabis Banking Crisis Near?

In April, the California State Senate Governance and Finance Committee approved bill SB 930, which seeks to create a state-wide banking framework for the cannabis industry. The legislation was originally…

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Cannabis Jobs Boom Creates Unexpected Challenges

The cannabis industry in California, and throughout the US, is experiencing extraordinary growth. With established cannabis businesses expanding, and new businesses opening on a daily basis, a competitive hiring environment has emerged.…

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