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Cannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAsCannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAsCannabis CPA, CFO, Bookkeeping & Accounting Firm - TheCannaCPAs
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IRC 280E

09 Nov 25

How to Value a Cannabis Business for Sale or Investment

The cannabis industry is one of the fastest-growing sectors in the global economy. With increasing legalization for both medical and recreational use, cannabis business investment has attracted significant capital inflows, entrepreneurial ventures, and institutional interest. Market projections indicate sustained growth driven by expanding consumer demand, innovation in product offerings, and…
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25 Aug 25

Deductible vs. Non-Deductible Expenses Under 280E: A Practical Breakdown

Deductible vs. Non-Deductible Expenses Under 280E Understanding cannabis taxation requires knowledge of Section 280E, a federal tax code that significantly affects cannabis businesses. This section disallows most deductions and credits for businesses involved in trafficking controlled substances, including cannabis, as defined by federal law. The consequence: increased tax rates and…
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28 Jun 25

Do hemp beverage companies need a Cannabis CFO?

In the ever-changing world of hemp beverage companies, having expert financial guidance is more important than ever. That’s where The Canna CPA’s come in – your trusted partner for navigating the complex world of finance. In this article, we’ll explore the crucial role of a cannabis CFO in helping hemp…
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20 Jun 25

280-E Accounting for Minnesota Cannabis Companies

Minnesota Cannabis Accounting Tips are crucial for navigating the unique accounting and tax challenges faced by cannabis companies in the state. From intricate inventory management to high tax rates due to Section 280E, these businesses require specialized accounting services. Ensuring compliance and maintaining financial health is paramount for Minnesota cannabis…
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13 Jun 25

Kentucky cannabis 280e accounting and CFO services

Cannabis accounting for Kentucky dispensaries presents a distinct set of challenges that stem largely from the contradiction between state legalization and federal illegality. Even though cannabis is legal in Kentucky for medical or recreational use, it remains classified as a Schedule I controlled substance at the federal level. This discrepancy…
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rescheduling delayed
29 Aug 24

DEA mentions plans to begin rescheduling of cannabis after the election

The DEA’s Rescheduling Plans: A Game Changer for the Cannabis Industry? The DEA plans to start rescheduling cannabis after the election, and this decision could be monumental for the cannabis industry. With a long-standing classification as a Schedule I drug, marijuana has faced stringent federal restrictions that have stifled growth…
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ny cannabis growth
19 Aug 24

NY state cannabis tax revenue is increasing

NY Cannabis Industry Growth Adult-use cannabis taxation and revenue in New York State are on the rise. This growing tax revenue is proving to be a significant boost to the state’s economy. Legal adult-use cannabis sales have created a thriving market that supports local economies and combats illegal marijuana sales.…
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louisiana cannabis tax
05 Aug 24

Louisiana collected nearly 1M in cannabis revenue tax

State and Federal Taxes on Cannabis in Louisiana Louisiana’s cannabis income tax landscape has seen significant developments in recent years. The state’s approach to cannabis tax revenue, particularly from medical marijuana, has become a noteworthy facet of its economic framework. Medical marijuana legalization in Louisiana, which has been in effect…
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