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 [...]
Accountants will always be needed in the cannabis world. The cannabis industry is constantly growing and more businesses are beginning to appear all around the country. Distributors and cultivators are continuously expanding and are in need of proper bookkeeping and compliance [...]
A cannabis consultant is someone who plays an important role for those who are looking to start a cannabis business or those who are looking for cannabis license consulting assistance to keep their business running smoothly. Which Accounting Practices Do They Know About for [...]