Leveraging Automation for Flawless Cannabis Compliance and Real-Time Financial Insights Artificial intelligence is transforming the way cannabis businesses handle bookkeeping and accounting. From automating expense tracking to improving compliance with strict regulations, AI-powered bookkeeping tools are helping cannabis operators save time, reduce costly errors, and gain clearer financial insights. In this post, 420 Accounting Services… Continue reading AI-Powered Bookkeeping in the Cannabis Industry:
Tag: Cannabis Industry
Explore the cannabis industry with insights on business growth, regulations, and market trends. Stay informed to succeed in the evolving cannabis sector.
Cannabis Inventory Shrinkage and Internal Theft
Accounting’s Silent Strain on Your Cannabis Business Are you a dispensary, cultivator, or cannabis operator struggling to reconcile your inventory? Wondering how shrinkage affects your taxes under 280E or how to properly record losses in your books? This expert-led guide answers the most common questions about cannabis inventory shrinkage and internal theft, so you can… Continue reading Cannabis Inventory Shrinkage and Internal Theft
The Rise of Cannabis M&A: Financial Due Diligence Tips for Sellers and Buyers
Summary Looking to buy or sell a cannabis business in 2025? This article offers a practical guide to cannabis M&A due diligence amid a wave of consolidation, distressed assets, and evolving regulations—especially in California. Discover key tips for buyers and sellers, explore recent deal structures, and understand how federal rescheduling could reshape the market. If… Continue reading The Rise of Cannabis M&A: Financial Due Diligence Tips for Sellers and Buyers
How to Stay Ahead of California’s 2025 Cannabis Tax Hike
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 (CDTFA) is not arbitrary. It’s a recalibration mandated by Revenue… Continue reading How to Stay Ahead of California’s 2025 Cannabis Tax Hike
Financial Implications of Cannabis Business Structures
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 can afford to treat entity selection as a formality, cannabis entrepreneurs don’t… Continue reading Financial Implications of Cannabis Business Structures
Big Opportunities for Accountants in the Cannabis Industry
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 consulting. If you are considering a future in cannabis accounting or are currently an… Continue reading Big Opportunities for Accountants in the Cannabis Industry