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Monthly Archives:March 2022

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    Section 280E: Why It’s Important to Cannabis Investors

    If you’re a cannabis investor or cannabis CEO, you need to be aware of Internal Revenue Code Section 280E. Section 280E disallows any business that “traffics in controlled substances” from taking regular tax deductions or credits. The legislation makes it more difficult for drug “traffickers” to operate profitably. While it may have been effective in […]

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    3 ‘Tricks’ To Avoid In Cannabis Accounting

    The marijuana industry’s legality is still just a few years old in many states. Some cannabis accounting firms are still finding their feet and determining the best procedures for their customers. The cannabis sector is expanding, bringing a new set of accounting issues. As more and more businesses enter the cannabis market, it is vital […]

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The Canna CPAs (Lefstein-Suchoff CPA & Associates, LLC) disclaims any and all liability and responsibility for any and all errors or omissions for the content or information on this site. The information contained in this website is meant only for guidance purposes and not as professional legal or tax advice. We disclaim any and all liability and responsibility for any and all errors or omissions for the content contained on this site. Feel free to request a professional and personal consultation.