Archive for December 2017

What does the California child-resistant bag legislation mean for the cannabis industry? When it comes to the new California child-resistant bag legislation regarding cannabis sales, much dust has arisen around the subject. Confusion and misunderstandings have started to rule the cannabis industry, seemingly without anyone to clarify the problematic and purge the panic once and…

Cannabis Inventory Management Retail inventory management systems have existed for a long time. They facilitate the complex interchange of supply and demand for an increasingly consumptive society. For traditional markets, there exist several industry-standard companies with shared or similar processes and procedures, proven over time to work. In a nascent industry like cannabis, however, there…

The Amazing Endocannabinoid System The Endocannabinoid system (ECS) was discovered by Dr Raphael Mechoulam, considered to be the father of cannabis based medicines. What’s most amazing is that the ECS is now considered to be the largest network of receptors in the human body. The discovery of the Endocannabinoid system (ECS) is arguably the greatest…

The 280E and the Complexity of Cannabis Taxation. Federal tax law as it regards the cannabis industry typically hinges on one relatively simple, extremely simplistic Internal Revenue Code (IRC) – 280E. This law effectively removes from cannabis businesses the standard tax deductions and credits that are the foundation of small business success in the United…