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Hank Levy and Jim Marty are CPAs with offices in California and Colorado. Bookkeeping for mj businesses is not easy as it’s a conundrum of banks refusing services, government agencies wanting their cut of the money while all the time police keep lurking in the background. This Monday, learn why keeping the books for a marijuana business is more art than science.
In July, Cathedral City enacted an ordinance allowing for the immediate operation of three collectives becoming only the second city in the Inland Empire to allow dispensaries to operate. One of the major reasons for the action is that the city has helplessly watched as major tax revenue generators like Walmart, K-Mart, Burlington Coat Factory and even grocery chains like Albertson’s fled for more upscale pastures. Cathedral City Councilman Greg Pettis is the shows 2nd guest detailing how the ordinance got passed and the role city finances played in its passage.
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