There are some exciting cannabis tax bills currently pending in the California legislature that, if passed, will affect your businesses. Below is a summary of key changes proposed by these important tax bills. AB 2792 – Cannabis; Excise Tax; Cultivation Tax Author: Blanca Rubio and Cristina Garcia This bill, if passed, would: Eliminate mark-up …
Is Your Cannabis Business 4/20 Compliant?
In anticipation of the cannabis industry’s celebration of 4/20, the following are tips and reminders for cannabis retailers to remain compliant: Marketing / Advertising BRANDED MERCHANDISE If you are preparing to sell, donate, or give away Branded merchandise on 4/20, please do not forget that any Branded Merchandise that is sold or given to customers …
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Avoid a Lawsuit with an Updated Employee Handbook
An employee handbook provides employees with a clear understanding of workplace policies and expectations. A well-crafted handbook provides a reference point for employees which eliminates surprise and fosters a more seamless disciplinary process. The handbook also demonstrates an employer’s compliance with CA labor and employment laws. Having written policies that comply with these laws provides …
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Are You Aware of the Corporate Transparency Act and How it Affects your Business?
The Corporate Transparency Act (the “CTA”) is part of the Anti-Money Laundering Act of 2020, which in turn is part of the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”). The CTA’s purpose is to implement uniform federal ownership disclosure for every company in the United States. Owners of licensed commercial cannabis businesses are …
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Is the Future of Business a DAO – Decentralized Autonomous Organizations
From cryptocurrencies and NFTs, to Facebook’s rebranding as “Meta,” headlines are full of game-changing digital concepts almost every day. DAOs, or Decentralized Autonomous Organizations, were birthed by cryptocurrency and are likely here to stay. With the recent passage of a Wyoming state law recognizing DAO LLCs as legitimate business entities (the first state to do …
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New Regulations – Appellations Of Origins
On January 1, 2022 the California Department of Food and Agriculture implemented new regulations regarding the California Cannabis Appellations program. The Appellations Program allows Licensed Cannabis Cultivators to establish an Appellation of Origin (“AOO”) which allows the cultivators to market their cannabis as produced from a geographically specific and unique region. Essentially, an AOO makes …
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New Year, New Laws – What’s New for 2022 Employers Part 2
Over the course of 2021, California’s legislature passed several pieces of employment-related legislation that take effect with the new year and may impact your business, regardless of size or industry. We have divided the highlighted key points into two parts as you navigate the coming changes, with data referenced from California Legislative Information. We invite …
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New Year, New Laws – What’s New for 2022 Employers Part 1
Over the course of 2021, California’s legislature passed several pieces of employment-related legislation that take effect with the new year and may impact your business, regardless of size or industry. We have highlighted the key points below, with data referenced from California Legislative Information. We invite you to contact the KVK team with any …
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What You Need to Know Before Signing a Commercial Real Estate Lease
Leases for commercial real estate remain essential to most businesses, even in a marketplace still reeling from the COVID-19 pandemic. However, the fine print in these important documents is often overlooked in exchange for a quick close with a smiling broker. Most enterprising business owners are ready and eager to set up shop and get …
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What You Need to Know About CA’s New Hemp Bill
On October 6, 2021, California Governor Gavin Newsom approved Assembly Bill 45 (“AB-45”), establishing a framework for the regulation of industrial hemp products in the state. Please find below a summary of the substantive updates to existing law enacted by the bill: Definitions AB-45 codifies the requirement that “industrial hemp” have a delta-9 …
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