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 …

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 …

Can the Department of Cannabis Regulation Suspend a Temporary Approval Without a Hearing?

Los Angeles Municipal Code (“LAMC”) § 104.06(d), entitled “Temporary Approval” states that, “Temporary Approval does not waive or otherwise circumvent other City or State requirements or necessary permits from the City, State, or other public agencies, including, but not limited, to, a Certificate of Occupancy, permit or authorization of the Los Angeles Fire Department, health permit …

AB-141’s Changes to Existing Cannabis Laws

On July 12, 2021, California Governor Gavin Newsom approved Assembly Bill No. 141 (AB-141), an act amending, adding, and repealing various sections of the State’s legal codes to implement provisions of the Budget Act of 2021. The bill’s most notable updates to existing law include explaining the function of the new Department of Cannabis Control …

Telephone Consumer Protection Act: Risk Management For Your Business

In 1991, the Telephone Consumer Protection Act (TCPA) was enacted into law. The TCPA restricts telemarketing calls and the use of automatic telephone dialing systems for marketing and solicitations. Steep penalties flow from TCPA violations: $500 per call or text or up to $1500 per call or text if the transmission is deemed willful (or …

Important Employment Laws Going into Effect On January 1, 2021

SICK LEAVE: KIN CARE FOR EMPLOYEES AB 2017 allows the automatic accrual of six months’ of paid sick leave for employees, and the designation of sick leave to be at the sole discretion of the employee when an employee takes sick leave to attend to the illness of a family member. This bill and section …

New Prop 65 Label Requirement Effective January 3, 2021

PROPOSITION 65 Approved in 1986, California Proposition 65 (“Prop 65”) requires the Governor to publish a list  of chemicals known to cause cancer or reproductive harm. The list is revised and republished in light of additional knowledge at least once per year. The list of chemicals can be found here: https://oehha.ca.gov/proposition-65/proposition-65-list.  Businesses subject to Prop …

Does Your Business Receive Cash Transactions and Do You Wonder If You Need to Report It? Avoid Civil and Criminal Penalties When Making Cash Transactions via Form 8300

IRS FORM 8300  Due to the federal government’s designation of cannabis as a Schedule I narcotic drug, licensed commercial cannabis businesses are burdened by a lack of access to banking services, thus they are forced to operate and conduct transactions using large amounts of cash. Any individual or business receiving more than $10,000 cash as …

California Department of Tax and Fee Administration – Important Reminder

Read below for an important due date reminder from the California Department of Tax and Fee Administration as announced on July 15, 2020. The California Department of Tax and Fee Administration (CDTFA) is sending you an important due date reminder: If you have a Sales and Use Tax, Use Tax, or eWaste return to file, your …

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