There are many questions that have been answered with the legalization of recreational marijuana in California. What? Proposition 64 was approved by voters and made legal adult-use marijuana. Who? Residents 21 years or older. When? As of Jan. 1, 2018. Where? Now, that’s a trickier matter. Firstly, the state law…
While legal sales of recreational marijuana in California will be a reality in a matter of weeks, it’s also true that marijuana businesses face some major logistical hurdles. One of the most difficult among those challenges is being forced to do cash-only commerce. Because marijuana is still illegal at the…
Marijuana business owners have many reasons to carefully manage their assets. Now, a recently-published article by the U.S. Department of Justice’s Executive Office for U.S. Trustees gives another: Marijuana businesses cannot expect help with liquidation or restructuring in the event of bankruptcy. The executive office for trustees is the watchdog…