DG best practices

well it looks like I've stumbled upon another patient(other than my wife) in need of a dg.

My intent is to follow the acmpr where guidance is available. I will be keeping complete accounting records and reporting the net income (if any) as other revenue to keep cra happy.

To those who've been dg's what other "best practices" have you adopted.

I'm assuming the storage site should be the processing site and not the patients home address (to allow for proper trimming and curing).

According to the acmpr regs, a dg can only transfer a 30 day supply or 150g at a time - whichever is less. It doesn't appear to have any provisions stating I must not provide more than the daily dose - just that the transfer limits are in place.

It appears dgs are allowed to process into extracts (other than via organic solvents), and provide that to the patient using the equivalency factors.

Thoughts?

Depends on whether or not you are going to claim income to CRA. I personally started a separate bank account to track all monies received and payed out. You could go even farther and register a small business as an independent contractor/consultant, then you can write off some of your expenses, no need to collect Gst unless you earn more than $30k, in BC I don't have to charge PST on advice/consulting. Never charge per gram for the cannabis, only charge for set up, consumables and your time. YOU CANNOT SELL CANNABIS, only your time. 30 day supply at a time, but you can sent that multiple times a month as long as your not shipping more than the limit at 1 time. Try and get the agreement in writing, a contract could save your ass in the future.

Itsme.

itsmehigh said:

Depends on whether or not you are going to claim income to CRA. I personally started a separate bank account to track all monies received and payed out. You could go even farther and register a small business as an independent contractor/consultant, then you can write off some of your expenses, no need to collect Gst unless you earn more than $30k, in BC I don't have to charge PST on advice/consulting. Never charge per gram for the cannabis, only charge for set up, consumables and your time. YOU CANNOT SELL CANNABIS, only your time. 30 day supply at a time, but you can sent that multiple times a month as long as your not shipping more than the limit at 1 time. Try and get the agreement in writing, a contract could save your ass in the future.

Itsme.

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Hoping you'd chime in. Thanks!

I'm comfortable with 99% of the accounting end (btw you don't have to register a business to claim expenses you just need proper records)

You do bring up an interesting point. I cannot charge for the actual cannabis only the time... how do you typically work this? Do you just invoice a fixed monthly consulting rate or do you charge consulting hours using a background gram equivalency? Eg your patient requires 100g of medicine so you charge them 4hours @$25/hour ($1/g)?

Also, do you have a sample contract you can share? I've read through a couple ommp patient/grower contracts but hoping to see a mmar/acmpr contract.

Brewery said:

Hoping you'd chime in. Thanks!

I'm comfortable with 99% of the accounting end (btw you don't have to register a business to claim expenses you just need proper records)

You do bring up an interesting point. I cannot charge for the actual cannabis only the time... how do you typically work this? Do you just invoice a fixed monthly consulting rate or do you charge consulting hours using a background gram equivalency? Eg your patient requires 100g of medicine so you charge them 4hours @$25/hour ($1/g)?

Click to expand...

Keep in mind, once you start selling your time/product (however you want to justify it), and asking for CRA deductions...you are now into a commercial operation. You will need to notify your insurance company that you are now running a biz out of your home (or wherever). Good luck with that as insurance rules currently apply!