Max Juhasz

  Year-end tax planning for cannabis operators demands rigorous attention and specialized expertise. The cannabis industry faces unparalleled challenges due to Internal Revenue Code (IRC) Section 280E, which restricts standard business deductions that most industries rely on. This limitation results in disproportionately high taxable income figures despite potentially marginal or…

  The Growing Cannabis Event Industry The cannabis industry has experienced rapid expansion, with cannabis events emerging as crucial platforms for education, networking, and commerce. These events include trade shows, expos, festivals, and pop-up markets, attracting a wide range of participants such as consumers, cultivators, retailers, and investors. They play…

  Succession & Estate Planning for Family-Owned Cannabis Businesses is a crucial yet often overlooked aspect of long-term success and wealth preservation in this rapidly evolving industry. At its core, succession planning for cannabis involves establishing a clear framework for transferring ownership and management responsibilities across generations or to new…

Transfer Pricing & Intercompany Allocations for Multi-State Operators are crucial aspects of accounting in the cannabis industry. They play a significant role in ensuring compliance, maximizing profitability, and developing effective tax strategies. For multi-state operators (MSOs), transfer pricing is responsible for determining the value of goods, services, and intangible assets…

  R&D Tax Credits for Cannabis Cultivators and Extractors are important financial incentives that encourage innovation in industries investing in the development of new or improved products, processes, or technologies. These credits lower tax liabilities by offsetting eligible research expenses, reducing operational costs, and increasing competitiveness. For cannabis businesses, utilizing…

  The cannabis industry faces unique challenges in cannabis payment processing driven by the complex interplay of federal prohibition and evolving state regulations. Despite widespread legalization for medical and adult-use purposes across numerous states, cannabis businesses remain largely excluded from traditional banking channels due to federal classification as a Schedule…

  The rise of hemp-derived cannabinoids, especially Delta-8 THC and THCA, represents a significant growth opportunity in the cannabis industry. These compounds, obtained from legally grown hemp, have created a rapidly expanding market with distinct regulatory and tax considerations. Legal Frameworks for Hemp-Derived Cannabinoids and Regulated Cannabis There are different…

  Understanding Worker Classification in Cannabis Businesses Worker classification is a critical compliance aspect for cannabis businesses dealing with complex federal and state regulations. It is important to differentiate between employees and independent contractors as it affects legal obligations, tax responsibilities, and operational risk management. Misclassifying workers can lead to…

  ASC 842 has transformed lease accounting by imposing rigorous requirements on how leases are recognized, measured, and disclosed. This accounting standard mandates that lessees record right-of-use assets and corresponding lease liabilities on their balance sheets, fundamentally enhancing transparency and consistency in financial reporting. For cannabis real estate businesses, compliance…

  The cannabis industry has experienced unprecedented growth over the past decade, evolving from a fringe market into a multi-billion-dollar sector spanning numerous states nationwide. This rapid expansion brings distinct regulatory and financial challenges unique to cannabis operators, particularly in navigating complex federal tax laws that impact profitability and long-term…