Starting July 1, 2025, cannabis retailers across California will face a significant tax shift: the cannabis excise tax rate will increase from 15% to 19% of gross receipts from retail cannabis sales. This 4% jump announced by the California Department of Tax and Fee Administration [...]
Choosing the Right Entity for Long-Term Success in California's Cannabis Industry If you are operating or planning to start a cannabis business in California, one of the first and most important decisions you'll face is choosing the right business structure. While some industries [...]
Managing cash flow effectively is crucial for any business, but in the cannabis industry where cash transactions are the norm, it becomes even more critical. Without proper cash flow management, even a thriving dispensary or cultivation operation can run into financial trouble. [...]
The state of California recently passed AB 1775, which for the first time will allow for Amsterdam-style cannabis cafes and restaurants throughout the state. The introduction of on-premise consumption marks a significant change to the state's regulatory framework, so it's critical [...]
Specialized accounting services are crucial for success in the evolving cannabis regulatory environment, as more states go legal. Working with 420 Accounting Services provides customized solutions created specifically for cannabis businesses. Our knowledge regarding compliance [...]