Volume 2, Issue 3
Regional Medical Cannabis News
Local prohibitionists continue to spread misinformation and propaganda. Read More
City council approves money for new code compliance officers to focus on illegal medical marijuana dispensaries. Read More
Santa Ana cops eat pot edibles, play darts during raid. Mock disabled patient. Read More
California Legislative Update
Legislation to regulate the medical marijuana industry advances. Will create a new Office of Medical Marijuana Regulation. Cities and counties would enforce the regulations and could choose to create their own marijuana sales taxes. Read More
National Legislative Update
GOP controlled Senate Appropriations Panel votes to restrict the federal government’s ability to block state medical marijuana laws. Read More
EPA issues guidance on marijuana pesticides. Will allow the registration of certain cannabis-related products as a “Special Local Need.” Read More
Monthly Mixer and Networking Event
Wednesday, June 17, 6-8PM; FREE!
Join us on June 17th from 6:00-8:00PM for a fun evening of wine tasting and socializing at San Diego Cellars in Little Italy (2215 Kettner Blvd. San Diego, CA 92101). Meet, mingle and network with industry stakeholders, ARMA members & staff. San Diego Cellars offers premium wines and local craft beers. For more information about SD Cellars, please see http://sdcellars.com/ RSVP on Facebook, or just show up!
Cannabis Business Best Practices: Managing Your Money & Your Meds
Thursday, July 2, 4-7PM; $10 Advance, $20 At the Door, FREE for ARMA Members
As the cannabis industry continues to expand, strict management of both your money and your medicine is becoming increasingly important and will require more oversight. Learn how to address this and more from our expert panelists. Networking will take place from 4:00-4:30; the panel discussion will begin promptly at 4:30.
Topics will include:
• Review of how to keep the books of a business that grows and sells cannabis
• California’s tax treatment of medical marijuana businesses
• Personal and corporate tax treatment of medical marijuana businesses, including a discussion of IRS Code Section 230E
• Treatment by the Board of Equalization and Franchise Tax Board of medical marijuana businesses
• Tax return presentation issues
• The importance of inventory management, as states begin to implement requirements for tracking cannabis and cannabis-infused products
• Discussion of the different tools and methods for creating a clear chain of custody that will allow you to account for every gram and every dollar
Q&A with panelists to follow panel discussion.
Lila Fedler – Franchise Tax Board’s Education & Outreach Specialist
Adam Susz – Tax Counsel in the Legal Division of the California Franchise Tax Board
Mario Ceretto – Partner at New Era CPAs
Chris Boudreau – Experienced Retail Operator and Consultant
Ian Foster – Inventory Control Expert, Inteliworx
$10 Advance (pre-sale ends at 11:59PM on 7/1/15); $20 At the Door; FREE for ARMA Members
Reserve your seat: http://www.eventbrite.com/e/cannabis-business-managing-your-money-your-meds-sponsored-by-arma-tickets-17365895862
Call to Action – Spread the Word!
ARMA is gearing up to fight for changes that will have a positive impact on medical cannabis in San Diego. To be successful we need your support and the support of every cannabusiness professional in and around San Diego and across the state, so this week we ask that you encourage your fellow industry professionals to join us as we fight for safe access in San Diego while supporting efforts throughout the state of California and across the nation. ARMA memberships start at $50/year and for that you get world-class representation and the latest news affecting our industry. Contact us at firstname.lastname@example.org and an ARMA representative will respond with more information.