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Farmhouse artisan market petaluma ca
Farmhouse artisan market petaluma ca













farmhouse artisan market petaluma ca

You’re supposed to have a 30-, 40-percent margin.”Īdditionally, Farmhouse’s founders said it was “very difficult” to locate a space in Petaluma’s stringently-approved business zones.Ī string of violent home invasions at grow operations throughout the county earlier this year left landlords reluctant to open up their facilities, Firestone said. People are running on 5 percent margins, which is insane in business. “There’s not a lot of money to be made in cannabis at this point, at least in retail,” Clark said, pointing out how vital branding is for sustained success. Petaluma, on the other hand, is regulating the company as a regular business, taking. Clark estimated FAM will pay 45-50 percent. Under Section 280E of the IRS code, since they are “trafficking” a Schedule I substance, cannabis businesses aren’t allowed to subtract expenses before calculating taxable gross income, which is where many companies derive profits. And the environment around the industry itself has made viability a challenge for small-scale operations, said Clark, Farmhouse’s COO.Ī lesser-known aspect is a steep federal tax on cannabis businesses that goes back to a judicial precedent set in the Reagan Administration. Implementing those policies has been a challenge, though, with federal, state and local regulations caught in an ever-changing web of bureaucracy. Brick and mortar dispensaries remain banned within city limits. Nearly one year ago, the Petaluma City Council crafted its policies under the Adult Use of Marijuana Act, which was passed by California voters in 2016, legalizing recreational cannabis.Īfter weighing its options, the council decided to allow two delivery-only retailers and an unlimited number of specialized manufacturers and testers in designated business zones.

farmhouse artisan market petaluma ca

“It’s been a lot of hurry up and wait,” said Firestone, the CEO of Farmhouse, which officially launches Nov. Over the past year, since city officials began integrating the cannabis industry into the local economy, their lives have been committed to seeing their vision for Farmhouse Artisan Market through.Īfter receiving their permit from the Bureau of Cannabis Control the day before – now on the cusp of opening Petaluma’s first-ever delivery retailer – the founders were worried about any whiff of noncompliance that might cause everything to collapse.

farmhouse artisan market petaluma ca

James Clark nervously consulted his partner, Claire Firestone, in the parking lot outside their shop last week.















Farmhouse artisan market petaluma ca