Tag: California

SpeedWeed Cannabis Delivery Service Acquired by Aquarius Cannabis

Aquarius Cannabis Signs Binding Memorandum of Understanding to Acquire SpeedWeed, One of California’s Largest Delivery Services Company To Acquire SpeedWeed Revenue, Brand, Technology Platform, and 25,000-member Patient Base SAN...
- March 31st, 2016 at 3:57 pm

Whoopi Goldberg Enters the Cannabis Industry

Whoopi Goldberg, a long-time medical cannabis advocate and patient, is the latest celebrity to enter the industry, teaming up with Maya Elisabeth to create Whoopi & Maya. Elisabeth is the...
- March 30th, 2016 at 10:38 am

Terra Tech Projects $20-22mm Sales in 2016

Terra Tech (OTC: TRTC), one of the more actively traded public cannabis companies, filed its 10-K with the SEC and reported a year-end review and outlook after the close....
- March 29th, 2016 at 4:33 pm

SpeedWeed Cannabis Delivery Hits Roadblock

L.A.’s chief lawyer and prosecutor, Mike Feuer, has filed an injunction against Cosmic Mind, doing business as SpeedWeed, a cannabis delivery service that caters to an elite clientele in the...
- February 20th, 2016 at 7:00 pm

Bhang Partner MedWest Raided by San Diego Police

The California distributor of one of the leading infused products brands in the country, Bhang, was raided by San Diego police early January 28th.  MedWest is a wholesale distributor of...
- January 28th, 2016 at 7:52 pm

The Taxation of Legal Cannabis Part 2 – Cost of Goods Sold

Last week I introduced the conflict between federal income tax law and state-sanctioned cannabis enterprises here and here. In brief, the Internal Revenue Code (“Code”) section 280E proscribes state-sanctioned...
- December 16th, 2015 at 2:04 pm

The Taxation of Legal Cannabis Part 1

Mike Parnes, Attorney at Barth Daly LLP With the recent legalization of recreational cannabis sales in Alaska, Colorado, Oregon, and Washington, the writing is on the wall for the...
- December 11th, 2015 at 3:03 pm