Order Reprint of this Story February 18, Now Harborside is attracting scrutiny from the Internal Revenue Service.
It has also been a year for these legally, licensed non-profit and for-profit businesses to develop and institute best practices, all with the end goal of running a healthy and successful ongoing concern that contributes to the economy by creating jobs for thousands of tax paying citizens and supporting local, state and federal initiatives by paying their inordinately high share of businesses taxes.
State approved and regulated operators continue to face federal government interference in the form of prohibitive actions regarding access to federally chartered and insured banks The Fed Crosses the Line: And, unlike other industries, cannabis operators have to navigate a variety of other conflicts between state and federal laws.
In the Golden State, California, with arguably the 7th or 8th largest economy in the worldcannabis is still largely unregulated with the exception of the Bay Area and a few friendly locally regulated pockets in northern CA creating all kinds of issues for operators trying to run legitimate medical marijuana co-operatives in the face of raids and significant intrastate transportation issues.
We also want to especially thank our contributing experts, many of whom either work for legal operations, ancillary businesses our regulatory authorities and industry friends that have pointed us in the right direction to share the information on the CBE PPRs in hopes of attracting investment dollars from the US capital market system to prime the pump for the fastest growing industry in the country.
The CBE will be broken into two parts: The report is bullish on the Infused product sector composed of edibles, oils, tinctures, salves etc.
Most are privately held firms many not-for-profit in medical only regulated statesnot currently listed by any exchange, a goal of CBEs from the outset, in light of the large number of scam and non-revenue producing OTC traded stocks that have given the industry a black-eye and attracted a good amount of private and individual investment dollars.
California is represented primarily by the not-for-profit cooperatives in the Bay area and few brave companies in other parts of the state that believe that transparency, paying taxes and running a legitimate business are here to stay and the future of the industry.
The vertically integrated company operates out of theirsf HQ in Denver which houses a grow and a processing plant to produce their line of infused and edible products and their 12 retail locations in the state of Colorado. They plan to add additional outlets in and out-of-state in the not too distant future.Harborside Health Center vs Internal Revenue Service Federal Tax Code section E states “No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or.
I founded Harborside Health Center as a non-profit community service organization in after many years as a cannabis reform activist.
From the day we opened our doors, we have worked tirelessly to make Harborside the best practices model for the medical cannabis industry. Harborside Health Center (now known simply as “Harborside”), the nation’s model cannabis company, celebrates its year anniversary this week with an innovative design rebrand that will reinvent the original industry standard Harborside pioneered a decade ago, and has since been adopted nationwide.
6 Harborside Health Center reviews. A free inside look at company reviews and salaries posted anonymously by employees/5(6). Harborside Health Center in Oakland, the largest dispensary in the country, has its own compassionate care program for low-income patients. The company recently donated some flowers high in CBD — one of the cannabinoids in the cannabis plant that doesn’t make a person high — to the Shelter Project and refers its cancer patients there.
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