IRC 280E

attracting cannabis investors

What Do Investors Look for in a Cannabis Business?

Cannabis companies, like any other businesses, can be evaluated by investors based on various factors. Here’s a breakdown of what makes a cannabis company attractive or unattractive to investors, the differences between successful and unsuccessful companies, and critical mistakes that cannabis companies tend to make. Factors that make a cannabis…
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company value

Cannabis Business Valuation: Determining the True Worth of Your Company

As the cannabis industry continues to grow and mature, the need to accurately assess the value of cannabis businesses becomes increasingly important. Business valuation is a complex process that involves analyzing various financial, operational, and market factors to determine the true worth of a company. For cannabis entrepreneurs and investors,…
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managing cannabis cash flow

Managing Cash Flow in the Cannabis Industry: Challenges and Solutions

What is Cash Flow Management ? Cash flow management is a critical aspect of any business, and the cannabis industry is no exception. While the cannabis market is experiencing rapid growth and expanding opportunities, it also comes with its unique challenges. Cannabis businesses must navigate regulatory hurdles, limited access to…
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record keeping

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…
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edmusnson vs commissioner

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…
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accounting for cannabis touching businesses

IRC ยง 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…
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