devsabina, Author at Cannabis CPA, CFO, Bookkeeping & Accounting Firm

04 Apr 23

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…

28 Feb 23

What are the Advantages to Creating an Efficient Cannabis Inventory Management System?

The cannabis industry is one of the fastest growing industries in the world, but with this growth comes a unique set of challenges. In order to stay profitable and successful, cannabis businesses must have an efficient inventory management system in place. An effective inventory management system can help businesses better…

Cannabis CPA Cannabis accountant Cannabis CFO Cannabis Bookkeeping Marijuana CPA Marijuana CFO Marijuana Bookkeeping

21 Feb 23

What Do Cannabis Businesses Need to Understand About Exit Strategies?

As cannabis businesses grow and change, having an exit strategy is essential for success and continued growth. Exit strategies are often used to maximize the value of a business when it is time to sell or transition ownership. While no two cannabis businesses are alike, there are some key factors…

07 Feb 23

The Canna CPAs receive the highest accolades as the top-notch marijuana and cannabis accounting firm.

We are thrilled to announce that BestMarijuanaGuide.com, a comprehensive directory for cannabis products and suppliers, has recognized our firm as the top Marijuana & Cannabis Accounting Firm. This accolade is a testament to our team’s hard work and dedication, and we are incredibly proud to be recognized in this way.…

31 Jan 23

What is the “Lord” Case and What Was Its Impact in the Cannabis Industry?

Lord v Commissioner, March 4, 2022, is a landmark tax court case whose ruling in the cannabis industry has been consistently upheld in similar cases and has had major implications for taxes for many years. The case involved a taxpayer, Richard Lord, an S-Corporation shareholder in a Colorado grow, who…

11 Jan 23

What Are the Benefits of Having a CFO for My Cannabis Business?

If you own or operate a cannabis business, having an experienced Chief Financial Officer (CFO) on board can provide numerous benefits. A CFO is responsible for financial planning, budgeting, reporting, and analysis of your business’s financial performance. By understanding the complex regulatory landscape surrounding the cannabis industry, they are able…

13 Dec 22

Maryland Becomes 20th State to Legalize Adult-Use Cannabis.

Cannabis had come up a long way since the 1960s and 1970s when it was thought to be a dangerous drug and was illegal in most states. Today, cannabis is legal for both medical and recreational use in more than half the states. The most recent state to legalize recreational…

15 Nov 22

CPA Trendlines Full Article

She cites the usual complicators: 280E, the dearth of banking services By CPA Trendlines Research Sandy Suchoff’s initial interest in cannabis came when a family member had an immune deficiency condition. The treatments seemed almost as hazardous as the disease itself. Medications came with lists of serious side effects and…

02 Nov 22

New Mexico Sustains Record Breaking Cannabis Sales

With more and more people recognizing the value of cannabis in their lives, they are looking for ways to get involved with the industry. New Mexico’s cannabis industry is growing at an impressive rate — one that will continue as long as reforms stay on track. The New Mexico cannabis…

22 Jul 22

California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations.

California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations. On June 30, Governor Gavin Newsom signed legislation implementing the 2022-23 state budget, including a trailer bill focused on cannabis policy. The legislation, which took effect immediately, brought sweeping changes to California’s marijuana regulations. It will significantly…

devsabina

New Jersey and Cannabis Consumption Lounges

What are the Advantages to Creating an Efficient Cannabis Inventory Management System?

What Do Cannabis Businesses Need to Understand About Exit Strategies?

The Canna CPAs receive the highest accolades as the top-notch marijuana and cannabis accounting firm.

What is the “Lord” Case and What Was Its Impact in the Cannabis Industry?

What Are the Benefits of Having a CFO for My Cannabis Business?

Maryland Becomes 20th State to Legalize Adult-Use Cannabis.

CPA Trendlines Full Article

New Mexico Sustains Record Breaking Cannabis Sales

California Governor Gavin Newsom Signs Legislation to Bring Major Changes to Cannabis Regulations.

Why is Federal Bankruptcy Not Allowed for Cannabis Businesses

The Benefits of Having an Expert Cannabis CFO and Cannabis CPA Firm

Mergers and Acquisitions are the New Normal in the Cannabis Industry

Details

Newsletter