Month: April 2023

No Marijuana Sign


New York’s plan to double the number of recreational marijuana retail licenses to 300 for social equity applicants was met with enthusiasm from local cannabis operators and industry advocates. However, there are mounting concerns over the challenge of finding affordable cannabis real estate across the state due to zoning and…
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States Taxing Cannabis

Cannabis State Tax Deductions

For cannabis businesses, navigating taxes can be a difficult challenge. There is a federal tax code that governs how cannabis-touching entities are taxed, known as Internal Revenue Code 280E. However, certain states have gone beyond this and allow deductions that are disallowed at the federal level. Read on to find…
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Form 1099 Crypto tax

Cryptocurrency Information Reporting Under Form 1099

Pursuant to the Infrastructure and Jobs act signed by President Biden on November 15, 2021, the term broker has been expanded to include all platforms or businesses that facilitate the trading of digital assets. This means the IRS considers it a broker if you can trade cryptocurrency or other digital…
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new jersey cannabis cpa

New Jersey and Cannabis Consumption Lounges

  The cannabis industry on the East Coast is experiencing a significant surge, and New Jersey is set to be a major player. Experts predict that the state’s cannabis market will hit $2 billion in sales by 2027. The addition of licensed consumption lounges is expected to be a game-changer…
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