The multi-billion-dollar cannabis industry, with an estimated worth of $33.6 billion as reported by IBIS World, is a rapidly evolving sector embracing both medical and
For all cannabis businesses, understanding cost tracking and allocation is a crucial aspect of maintaining healthy finances. However, the process can be complex, and the
Many cannabis-related businesses would like to take deductions for the costs related to their business activities. However, the tax code, Internal Revenue Code (“IRC”), has
Cannabis COGs Optimization Can Boost Your Bottom Line COGS stands for “Cost of Goods Sold.” It refers to the direct costs associated with producing and
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