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

31 Jul 23

Exit Planning for Cannabis Businesses: Securing Your Future Success

For cannabis entrepreneurs seeking to exit their businesses, strategic planning is essential to ensure a smooth transition and maximize value. At The Canna CPAs, we are certified exit strategists specializing in the cannabis industry, and we can help guide you through the process with a comprehensive approach. Our seven-step exit…

24 Jul 23

Underscoring Proper Record Keeping for Cannabis Businesses

Cannabis businesses are subject to unique legal and regulatory requirements, and proper recordkeeping and accounting are essential for success in this industry. In this blog, we will explore the importance of proper recordkeeping and accounting for cannabis businesses. Compliance with Regulations Cannabis businesses are subject to a range of state…

17 Jul 23

Management Companies for Cannabis Businesses and Alternative Health Care v. Commissioner

As the cannabis industry continues to grow and evolve, businesses are faced with unique legal and regulatory challenges. One area that has gained attention is the use of management companies to provide services to cannabis businesses. While the use of management companies may seem like a viable option, there are…

10 Jul 23

Edmunson VS Commissioner

Edmundson v. Commissioner is a landmark case in the history of US tax law. The case involved Jeffrey Edmundson, who was in the business of selling amphetamines, cocaine, and marijuana. The IRS assessed his income when he was arrested for drug trafficking. Edmundson claimed that he was entitled to certain…

accounting for cannabis touching businesses

03 Jul 23

IRC § 280E & Cannabis-Touching Businesses

As the cannabis industry continues to grow and evolve, it’s important for businesses in this sector to understand the unique tax implications they face. One of the most significant tax regulations affecting cannabis businesses is Internal Revenue Code (IRC) 280E. This regulation prohibits businesses from deducting expenses related to the…

Month: July 2023

Exit Planning for Cannabis Businesses: Securing Your Future Success

Underscoring Proper Record Keeping for Cannabis Businesses

Management Companies for Cannabis Businesses and Alternative Health Care v. Commissioner

Edmunson VS Commissioner

IRC § 280E & Cannabis-Touching Businesses

Navigating Cannabis Tax Compliance: Best Practices for Dispensaries and Growers

Cannabis Accounting Help for Cannabis Manufacturing Companies

Here Are Five Ways to Make Money in the Cannabis Business

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