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Cannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAsCannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAsCannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAs

Month: March 2022

Section 280E Why It's Important to Cannabis Investors
29 Mar 22

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…
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Cannabis Accounting
23 Mar 22

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…
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