by tylorBennett | Mar 5, 2023 | Taxation and Accounting
As the cannabis industry continues to grow, businesses are faced with the challenge of navigating the complex tax code. One of the most important and misunderstood sections of the tax code is Section 280E. This section of the Internal Revenue Code (IRC) prohibits...
by tylorBennett | Mar 5, 2023 | Business Tax Strategies
The cannabis industry is growing rapidly and with it, the need for accurate record-keeping and accounting to ensure the business runs smoothly. Whether you’re a small business owner, a dispensary, or a large cannabis producer, there are certain best practices that...
by tylorBennett | Mar 5, 2023 | Tax and Financial Planning
As the cannabis industry continues to grow, more and more cannabis businesses are facing IRS audits. An IRS audit can be a daunting process, but with the right preparation, it can be made easier. This article will provide an overview of IRS audits in the cannabis...
by tylorBennett | Mar 5, 2023 | Business Financing
The cannabis industry is growing at a rapid pace, and with it comes the need for access to banking and financing services. Unfortunately, many traditional banks and financial institutions are still hesitant to work with cannabis businesses due to the legal ambiguity...
by tylorBennett | Mar 5, 2023 | Economics and Business
The legalization of cannabis has been a contentious issue for decades, but in recent years, it has become more accepted in many states. With this increased acceptance, the question of how cannabis legalization will impact state tax revenues has become an important...
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