Understanding cannabis tax deductions specific to California is crucial for businesses in this sector who want to operate in the Golden State. These deductions can have a significant impact on your profits and overall financial health. In this article, we will explore important [...]
Dispensaries operating in California must navigate complex regulations and tax codes, making financial guidance essential for sustainable operations. A CPA with deep subject matter expertise can provide crucial support in: Ensuring compliance with state and federal laws [...]
Under the current federal drug laws codified in the Controlled Substances Act (CSA), it's illegal to use, buy, or distribute cannabis in the United States. Although CSA prohibits the sale of marijuana, the internal revenue service (IRS) still requires CannaBusinesses operating [...]
Many cannabis companies in the U.S run as multi-state operators. However, each state has different rules for growing, packing, testing, and marketing cannabis products. Additionally, the laws and regulations governing cannabis companies are constantly changing, a challenge for [...]
Cannabis legalization has been a long and rocky road. A major push in the right direction was the 2018 Farm Bill defining the difference between intoxicating marijuana used in the medical and recreational market vs. industrial hemp used for textile fibers and CBD products. 420 [...]