Cannabis Business
-
How to Secure Funding for Your Dispensary
Securing funding for a dispensary is not just about money—it’s about creating a solid financial foundation for growth in a competitive, highly regulated industry. Whether you’re opening your first shop …
Get Smarter -
Why You Should Hire a Fractional CFO for a Cannabis Brand
The cannabis industry is booming, but it’s no secret that financial management in this space can be a nightmare. From strict regulations to tax hurdles like 280E, running a profitable …
Get Smarter -
Top 5 Financial Challenges for Cannabis Businesses and How to Solve Them
Cannabis businesses are sprouting up rapidly, but navigating the financial landscape of this burgeoning industry is no walk in the park. From regulatory hurdles to cash flow constraints, entrepreneurs in …
Get Smarter -
Top 10 Tips for Cannabis Tax Compliance for Your Cannabis Business
Understanding Cannabis Tax Compliance Cannabis taxation is unlike any other industry due to its federal illegality and state-level legality. This creates a complex tax landscape where federal laws like IRS …
Get Smarter -
Navigating Cannabis Business Taxation
The cannabis industry is booming, but with that growth comes complex tax challenges. If you’re running or planning to start a cannabis business, understanding the intricate web of federal, state, …
Get Smarter -
How to Prepare for a Cannabis Business Audit
Cannabis businesses operate in one of the most tightly regulated industries in the world. As legalization spreads, so do the compliance requirements, making audits a critical part of your operational …
Get Smarter -
Cannabis Funding: A Step-by-Step Guide to Raising Capital
Introduction to Cannabis Funding The cannabis industry is booming, with projections estimating its market size to surpass $100 billion globally within the next decade. Despite its immense potential, starting or …
Get Smarter -
Is There a Cannabis Accounting Association?
Is there a Cannabis Accounting Association? This question has been on the minds of many professionals in the field of accounting who are looking to specialize in the cannabis industry. …
Get Smarter -
Tips for Bookkeeping Like a Professional Cannabis CPA
Looking for tips for bookkeeping like a professional cannabis CPA? You’ve come to the right place! Bookkeeping is often seen as a mundane and tedious task, but it holds a …
Get Smarter -
CBD Bookkeeping Best Practices
What are CBD bookkeeping best practices? Essential to know! But besides the obvious, CBD bookkeeping plays a crucial role in the success and stability of CBD businesses. As the CBD …
Get Smarter -
Cannabis Accounting Program to Consider
Cannabis businesses face unique challenges when it comes to accounting, as the industry is heavily regulated and still evolving. With the increasing legalization of cannabis across various states and countries, …
Get Smarter -
Cannabis Bookkeeping Best Practices to Know
Cannabis bookkeeping best practices ensure those operating in this elevated space never need to worry about their finances. Since this industry remains illegal at the federal level, businesses in this …
Get Smarter -
Does Quickbooks Work With The Cannabis Industry?
Does QuickBooks work with the cannabis industry? To some degree. However, equally important to note is that a cannabusiness operator should never depend solely on Quickbooks. The cannabis industry is …
Get Smarter -
My View Part II
I have been fortunate to work with all levels of clients, from startups to fortune 500. One thing that I’ve learned through this experience is that there is a certain …
Get Smarter -
Cannabis Operators, the New World of Cannabis Work, and the Fractional-Forward Services Approach
The cannabis world, and how talent works within it, is changing rapidly, as is our entire environmental and economic ecosystem. When we talk about talent and the evolving world of …
Get Smarter -
Fractional Finance Team Outsourcing: Enhancing the Way Cannabis Organizations Grow and Thrive
My background has always been deeply involved in how organizations utilize and engage with their non-employee workforce. The concept of replacing internal talent for fractional talent for an organization was …
Get Smarter -
My View – A Northstar Blog
Cannabis has changed my life. Without it, I wouldn’t be where I am today. And as a professional, I am grateful that the stigma of having this magical plant as …
Get Smarter -
Tax Relief Notice 2022-36 Summarized
The IRS recently issued Notice 2022-36 to offer penalty relief to certain taxpayers. The name of this notice is actually “Penalty Relief for Certain Taxpayers,” which doesn’t offer enough details until delving …
Get Smarter -
Michigan Cannabis License Guide
Looking for Michigan cannabis license information? This guide will give you a full education of everything you should know about marijuana business licenses in MI. The first Michigan recreational dispensary …
Get Smarter -
New York Dispensary License Cost in 2022
With New York’s Senate Bill S854A, the pre-existing cannabis laws in the state have now made these products more accessible. Some believe this state is on track to bring in …
Get Smarter -
ATTENTION: CDTFA Notice – Cultivation Tax No Longer Applies
From July 1st, 2022 the cultivation tax ceases to be applicable to marijuana or marijuana-related products that make it into the market for commercial use. Manufacturers and distributors do not have …
Get Smarter