June 2023 - Cannabis CPA, CFO, Bookkeeping & Accounting Firm

29 Jun 23

The Marijuana Industry’s Growth Demands Better 280E Tax Compliance and Guidance

Marijuana, classified as a Schedule I controlled substance under the Controlled Substances Act, faces unique challenges in the business world. One major hurdle is the limited banking access for marijuana businesses. Moreover, these businesses are subject to a specific tax provision, Internal Revenue Code (I.R.C.) Section (§) 280E, which prevents…

26 Jun 23

How Cannabis Companies Can Avoid an IRS Audit

Avoiding an IRS Audit As a cannabis business owner, the last thing you want is to be hit with an IRS tax audit. Audits can be time-consuming, costly, and stressful, and they can also damage your business’s reputation. Fortunately, by working with an experienced and expert cannabis CPA firm, you…

19 Jun 23

Why Cannabis CEOs Should Only Work With A Top-Notch Cannabis CPA Firm

Why should you hire a Cannabis CPA? As the cannabis industry continues to grow, so does the need for specialized financial services. One crucial aspect of this is working with a cannabis-focused CPA firm. While any CPA firm can technically work with a cannabis business, there are several reasons why…

08 Jun 23

The Challenges of Accounting for Cannabis Dispensaries

Accounting for Cannabis Dispensaries Cannabis businesses are becoming increasingly popular across the United States as more and more states legalize its use for medical and recreational purposes. However, with the growth of the industry comes unique challenges for accounting professionals, particularly for those working with cannabis dispensaries. From cash control…

cannabis leaf with scarcity of banking in the cannabis space written

02 Jun 23

Scarcity of Banking and the Cannabis Space, the Importance of Proper Recordkeeping

Running a cannabis business is not for the faint of heart. With the constantly evolving regulations, shifting market dynamics, and the unique challenges that come with being a cash-only business, it’s no surprise that many cannabis entrepreneurs struggle to keep up. One of the biggest challenges faced by cannabis businesses…

Month: June 2023

The Marijuana Industry’s Growth Demands Better 280E Tax Compliance and Guidance

How Cannabis Companies Can Avoid an IRS Audit

Why Cannabis CEOs Should Only Work With A Top-Notch Cannabis CPA Firm

The Challenges of Accounting for Cannabis Dispensaries

Scarcity of Banking and the Cannabis Space, the Importance of Proper Recordkeeping

Top Tax Planning Strategies for Cannabis Businesses in 2025

Streamlining Cannabis Business Finances: Essential Strategies for 2024

How Cannabis Manufacturers Can Stay Audit-Ready in 2024

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