The strong control environments utilized by public companies in the cannabis industry provide a powerful blueprint for best practices that private cannabis companies can learn
As tax extensions are coming due, we wanted to share some ‘insider’ thoughts about choosing a CPA to prepare your cannabis business tax returns. Over
This post is part 2 in a series about economic receivership. Catch up on the first part, “Receivership for Cannabis Businesses” for more information. Cannabis
Businesses that are structured as partnerships for federal income tax purposes have seen their audit activity increase – here’s what you need to know. The
Learn how to use METRC to comply with state reporting and track and trace requirements. Cultivators, manufacturers, retailers, distributors, testing laboratories and micro-businesses – must
Follow this checklist to gather everything you need to fill out your cannabis tax return. You will need your tax returns for prior two years,
Tax audits are relatively common in the cannabis industry – here’s how to prepare for one at your business. Make sure your sales, inventory, employee,
Learn from Harborside Health Center’s misfortune and make sure you file and pay your taxes on time. Harborside v. the IRS was a case that
Take some of the stress out of running your cannabis venture by setting up a strong accounting system. Start with a chart of accounts that
The 280e prevents legal cannabis businesses from deducting certain business expenses on their tax returns. Cannabis is still a federally-regulated Schedule I Controlled Substance, which