Cannabis Accounting: Expert Advice to Scale
The marijuana industry is growing, and there’s no denying cannabis accounting is becoming increasingly important. The space is booming as more laws pass and new companies sprout up every day. It looks like the space will only continue to improve, too! But the cannabis industry comes with its own unique set of challenges that you […]
8 Things You Need to Know About Doing Taxes for Your Cannabis Business
It’s common among the cannabis industry to hear stories of business owners getting hit with a crushing tax bill or an IRS audit. The industry has expanded quickly with legalization in individual states and the questions of tax implications arise among industry stakeholders – more so business owners. However, with an in-depth knowledge of key […]
Historic U.S. Tax Court Decision That Will Save the Cannabis Industry Millions
Ultimately, what saved Harborside from receiving a harsher ruling, was the fact that Harborside maintained impeccable accounting records and filed their tax returns timely.
4 Banking Strategies for a Cannabis Company
In effect, the memo protected legal cannabis states from the federal cannabis ban. This is one reason certain banks won’t touch cannabis money – because cannabis is still illegal at the federal level.