Insights

Uncharted Territory

By: Evan Eneman | February 21, 2017 at 9:49 am

Cannabis businesses in California are starting to experience more and more regulatory hurdles. With cities and counties continuing to develop and publish new regulatory code and marijuana statutes, the compliance landscape in California is emerging. The number of regulatory agencies a cannabis business will need to contend with is overwhelming. Operational marijuana business licenses in…
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California Cannabis Tax & Payment Guide

By: Chelsey Miles | January 16, 2018 at 2:30 pm

With the opening of the legal adult-use cannabis market in California, cannabis business owners and operators now find themselves navigating a complex system of taxes and payments at every stage of the cannabis sales lifecycle. To ease the transition to a legal market and help cannabis businesses attain compliance as soon as possible, we've developed…
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The Impact of the DOJ Action to Rescind the Cole Memo

By: Evan Eneman | January 5, 2018 at 10:04 pm

On Thursday, January 4, 2018, US Attorney General Jeff Sessions and the Department of Justice (DOJ) announced they would rescind the Cole Memo, Obama-era guidance for the DOJ that minimizes interference from the federal government for state’s that have legalized adult-use cannabis. The move did not come as a surprise and came just five days…
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Part 2: The Road to California Compliance

By: Evan Eneman | December 21, 2017 at 8:36 pm

California’s regulatory agencies have released their fee requirements for the various types of commercial cannabis licenses. The experienced advisors at ELLO have assembled all fee information in this easy-to-use guide. Download the guide >
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Part 1: The Road to California Cannabis Compliance

By: Evan Eneman | December 1, 2017 at 5:16 pm

California, Cannabis, compliance, ELLO, consultation, best practices, guidance, BCC, CDTFA, guide
With adult-use legalization drawing nearer, now is the time for cannabis business operators to begin the process of applying for licenses so you can hit the ground running. The experienced advisors at ELLO have assembled this guide to help you prepare for the licensing process. If you have any questions about California licensing, or would…
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Taxes on Cannabis Products Only One Reason Costs May Increase

By: Evan Eneman | November 9, 2017 at 11:37 pm

cannabis, CPA, advisor, guidance, tax
On November 5th, the LA Times released an article discussing how state-imposed taxes and fees are likely to drive up the cost of adult-use and medicinal cannabis when sales are legalized next year. While the article raises some interesting points about the change in cost-efficiencies that come with a regulated economy, there are a number…
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Are You Prepared for a CDTFA Audit?

By: Chelsey Miles | October 12, 2017 at 2:53 pm

In the course of providing consulting and accounting services, our CPAs and advisors encounter a multitude of issues affecting the day-to-day operations of our cannabis industry clients. This series shares the operational and accounting lessons we learn in the field to help develop and promote best practices benefiting the cannabis industry. The Client ELLO provided…
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Legislation to Watch: Marijuana Revenue and Regulation Act

By: Ello Staff | June 9, 2017 at 7:33 pm

While many states are taking significant steps to de-criminalize or legalize cannabis within state boundaries, the discontinuity of federal laws that strictly treat cannabis use as a crime loom. On March 30, 2017, a coalition of lawmakers (Senator Ron Wyden and Representatives Earl Blumenauer and Jared Polis) introduced the Marijuana Revenue and Regulation Act (MRRA)…
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Seed-to-Sale Tracking: Cannabis Inventory Management

By: Evan Eneman and Pranav Sood | June 9, 2017 at 7:13 pm

If keeping fresh stock on the shelves is a priority, optimal inventory tracking is an essential component of your business model . A company that has a holistic inventory view -- of where products originate, where they are currently, and where they are going -- can maximize their cash position, minimize waste and fraud, remain…
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The Surprising Advantages of Staff Outsourcing

By: Chelsey Miles | May 23, 2017 at 8:29 pm

Today’s corporate leadership faces significant challenges and opportunities in a quickly evolving economic environment and increasingly complex business functions. Worldwide, financial organizations are feeling the impact of higher volatility, uncertainty, changing regulatory environments, and a socio-political climate with pressure for predictable bottom-lines. Charged with the stewardship of the enterprise, business owners in particular, are expected…
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Challenges & Opportunities of Cannabis Taxes and Regulations

By: Evan Eneman | May 12, 2017 at 8:25 pm

On January 1, 2018, California will join states like Colorado, Oregon and Washington in the regulation and taxation of cannabis for both medical and non-medical use. Cities and counties across California are looking to cannabis businesses as a source of additional tax revenue. This strategy is the logical choice for meeting the expected expenses associated…
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