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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…

The cannabis industry faces unique challenges when it comes to financial management, including the inability to discharge debt through federal bankruptcy due to marijuana’s federal illegality. This issue is a significant concern for cannabis businesses, as it can make it much more challenging to manage debt and financial obligations effectively.…

Operating a business within the cannabis industry is no easy feat. It requires expertise, experience, and an understanding of the laws and regulations in order to be successful. That’s why having an expert cannabis CFO firm can be so beneficial for cannabis dispensaries, manufacturers, and growers. With fractional part-time services,…

The legalized cannabis industry is seeing a new wave of mergers and acquisitions, with companies like MSO’s and publicly traded takeovers from Canada leading the charge. When this happens, you need to have an experienced exit strategist on your side to make sure that your business interests are protected.   …

A financial plan is a document that outlines an organization’s financial and operational goals. It also defines key performance indicators (KPIs) and assigns responsibility for achieving them. A well-crafted financial plan can help cannabis businesses reach their desired targets. Let’s take a closer look at how this works.    What…

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…

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…

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…