Back in January of last year, California’s cannabis industry braced themselves as METRC’s 6-month emergency regulations took effect. Then, as July 1st neared, and the introductory window came to a close, the industry held their breath in anticipation of the state’s track and trace system (CCTT) coming online in full force. But instead of awarding operators with their permanent annual licenses as expected, the state decided to issue blanket extensions to all temporary license holders instead — and did this repeatedly until the end of 2018.
So, here’s the deal.
Setting the Bar Higher: Excise Tax Management
January 1, 2018… the date everyone in the industry was waiting and waiting and waiting on has become somewhat of the boogie man. Not everyone understands it. How does it look? How does it feel? What does it mean for me and my business? For the purpose of our discussion, January 1 should be interpreted as the date your business enters into the state-regulated market.