Resources

Knowing what expenses your cannabis company can claim on your tax return can be overwhelming due to IRS Code 280E. Internal Revenue Code 280E states that businesses who engage in …

Cost segregation is a proven tax planning strategy that the cannabis industry can use to cut down on their income tax liability. For decades, the IRS has challenged this strategy …

Curious to learn more about NJ weed laws in 2022? Northstar has you covered! As New Jersey’s legal cannabis marketplace begins to take shape, some rules and regulations will apply. …

The psychedelic mushroom industry mainly operates in the shadows at this point. However, this soon may change as the industry becomes more legitimate with psychedelic research outlining medicinal applications for natural psychedelic …

Whether you’re considering taking on cannabis clients or currently operating a cannabusinesses, you’re probably wondering what to be aware of bookkeeping for cannabis. This makes sense, especially when considering the …

Despite the fact that the space is still maturing, the legal marijuana industry has captivated many high-profile cannabis angel investors. Several platforms focused on funding these operations have been on the rise, and …

The future in accounting for cannabis is looking good. However, at this point, the space isn’t completely clear. There are still many uncertainties plaguing cannabis companies, particularly in the accounting …

Wondering what a cannabis CFO service entails? You’re in the right place! If you’re visiting this page, you’re likely wondering what a cannabis CFO service entails. As more competition enters …

Accounting for cannabis inventory is essential for dispensary owners and retailers alike. This, of course, involves an effective and efficient POS system that offers costing methods for appropriate inventory valuation …

Looking for cannabiz accounting advice to expand your share of the legal cannabis industry? You’re not alone! As the cannabis market matures, cannabusinesses are looking for ways to streamline their accounting processes, …

Certified Public Accountant (CPA) firms handle the auditing, accounting, financial, and consulting aspects of nonprofit, private, and public businesses, along with government agencies. These organizations need a minimum of one …

If you’re here, you’re wondering, “What are liabilities in accounting ?” Simply put, liabilities in accounting are the organization’s financial obligations. But what does this mean exactly? Companies have liabilities that …

You likely found this post by searching about the legal status of psilocybin mushrooms (magic mushrooms). For those interested in magic mushroom consumption, we’ll answer some of your questions in …

Many wonder whether marijuana prohibition is still a thing in Ohio. The answer shouldn’t surprise you! As more and more states begin to regulate marijuana, Ohio has been doing so …

Michigan’s Marijuana Regulatory Agency is in charge of cannabis laws in the Great Lake State. However, these laws impact several parties. Adult recreational consumers, medical marijuana patients, and caregivers will …

Looking for information about how to serve medical marijuana patients in New Jersey? Or perhaps you want to get a medical marijuana card in Jersey. Medical marijuana patients need to …

The cost to start a grow operation can be quite high. But it ultimately depends on what you’re willing to invest. Minimally speaking, the cost to start a grow operation …

Operating a cannabis dispensary ? Thinking about dipping your toes in the cannabis industry as a dispensary owner? In this post, we cover everything you should know about operating a successful cannabis …

Now that Virginia marijuana legalization is just on the horizon before marijuana sales begin, it’s important to understand the rules in place. The Cannabis Control Authority of Virginia will regulate …

Virginia cannabis laws weren’t as in-depth in 2020. But on April 7, 2021, everything changed when Virginia became the first Southern state to start the process of making adult-use cannabis …

An experienced CFO is critical for ensuring compliance with the many rules, laws, and regulations that govern all aspects of legal cannabis. As the legal cannabis industry continues to grow, …