Cannabis Business Blog
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...
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...
Preparing for an IRS Audit in the Cannabis Industry: What You Need to Know
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...
Navigating the World of Banking and Financing for Cannabis Businesses
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...
Legalization and the Future of Taxation and Regulation in the Cannabis Industry
The legalization of cannabis has been a hot topic in recent years, and it shows no signs of slowing down. As more and more countries and states around the world legalize the use of cannabis, the question of how to regulate and tax this industry has become increasingly...
Learn About Cannabis Business Tax Strategies
