Cannabis Business Blog
Best Practices for Record-Keeping and Accounting in the Cannabis Industry
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...
Understanding Section 280E and Its Impact on Cannabis Businesses
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...
Strategies for Minimizing Your Cannabis Business’s Tax Liability
Running a cannabis business comes with numerous challenges, one of the most daunting of which is navigating the complex tax code. With the right strategies, however, you can minimize your business's tax liability and ensure you pay only what you owe. In this article,...
Tax Deductions and Credits for Cannabis Businesses
Cannabis businesses in the United States are subject to the same tax codes as any other business. However, there are some unique deductions and credits that are available to cannabis businesses that can help to reduce their tax liability. In this blog post, we will...
Federal Taxation and the Cannabis Industry: A Primer
Cannabis is quickly becoming one of the fastest growing industries in the United States. With more states legalizing the use of cannabis for both medicinal and recreational purposes, the cannabis industry is estimated to be worth over $30 billion by 2025. As the...
How to Navigate the Complexities of State Cannabis Taxation Laws
Navigating the complexities of state cannabis taxation laws can be daunting for businesses in the cannabis industry. It is important to understand the nuances of these laws before entering the industry, as this can save businesses time and money in the long run. In...
Learn About Cannabis Business Tax Strategies
