Cost of Goods Sold Archives - Cannabis CPA, CFO, Bookkeeping & Accounting Firm

08 Jul 24

How the Supreme Court’s Chevron Decision Could Impede Cannabis Rescheduling

A New Legal Hurdle for Cannabis Companies The recent decision by the U.S. Supreme Court to overturn the Chevron doctrine marks a pivotal shift in the relationship between the judiciary and administrative agencies. This doctrine, a staple since 1984, compelled courts to defer to agency interpretations of ambiguous statutes, effectively…

11 Dec 23

Cannabis Business Valuation During Market Volatility

Navigating Challenges and Seizing Opportunities Valuing a cannabis business is both an art and a science, and in the volatile cannabis market, this process can be particularly challenging. Market fluctuations, regulatory changes, and shifting consumer trends all influence a business’s value. In this blog, we’ll explore the intricacies of valuing…

13 Nov 23

Cultivating Efficiency: Cost Control Strategies for Cannabis Cultivators

Cannabis cultivation is a dynamic industry with incredible opportunities, but it’s not without its challenges. Among these challenges, cost control remains a top priority for cultivators aiming to thrive in this competitive field. In this blog, we’ll explore some invaluable strategies and tips for managing costs efficiently in cannabis cultivation.…

17 Oct 23

Revolutionizing Forecasting Strategies for Cannabis Businesses

In the realm of cannabis cultivation, manufacturing, and dispensary operations, the conventional approach to forecasting is undergoing a significant transformation. Many businesses in the cannabis industry have traditionally relied on historical data to predict future performance, much like other sectors. However, the uniqueness of this field demands a more dynamic…

14 Aug 23

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

What is Cost Accounting? Cost accounting plays a crucial role in the cannabis industry, where cultivators, processors, and dispensaries face unique challenges due to strict regulations and rapidly evolving market dynamics. Accurate cost accounting provides valuable insights into the profitability of various operations within the supply chain. In this blog,…

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…

28 Jun 18

A Tax Court Case Emphasizes the Importance of Cannabis Record Keeping

We talked about IRC 280E in our last blog which severely limits the cannabis touching entity’s ability to take deductions on their tax return. IRC §280E disallows deductions and credits to any business trafficking a controlled substance with the only exception of being able to deduct cost of goods sold…

Cost of Goods Sold

How the Supreme Court’s Chevron Decision Could Impede Cannabis Rescheduling

Cannabis Business Valuation During Market Volatility

Cultivating Efficiency: Cost Control Strategies for Cannabis Cultivators

Revolutionizing Forecasting Strategies for Cannabis Businesses

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

Exit Planning for Cannabis Businesses: Securing Your Future Success

A Tax Court Case Emphasizes the Importance of Cannabis Record Keeping

DEA mentions plans to begin rescheduling of cannabis after the election

NY state cannabis tax revenue is increasing

Texas voters want cannabis decriminalized

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