Tag Archives: Cannabis

Tag Archives: Cannabis

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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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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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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Navigating the Marijuana Regulatory Environment in California

By: Evan Eneman | April 15, 2017 at 8:20 pm

With the passing of California’s Medical Cannabis Regulation and Safety Act (“MCRSA”), California begins the process of evolving from a largely unregulated market to a state- and local-regulated medical marijuana framework. The result should prove to be one of the most complex and comprehensive medical marijuana markets in the United States. Following is a summary…
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What You Need to Know About Prop 64

By: Scott Johnson | March 5, 2017 at 10:07 am

Now that voters have made recreational marijuana legal in California, city and county executives are facing a myriad of questions associated with the local implementation of Prop 64 [the Adult Use of Marijuana Act (AUMA)]. What are the regulatory implications? How does the new law reconcile with existing medical marijuana guidelines? How will recreational marijuana…
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