Resources

Articles

8 Things You Need to Know About Doing Taxes for Your Cannabis Business

It’s common among the cannabis industry to hear stories of business owners getting hit with a crushing tax bill or an IRS audit. The industry has expanded quickly with legalization in individual...

Cannabis Start-up Advice: Hiring the Smart Way

Smart hiring is not only a good business practice, it’s a necessity. And for a start-up cannabis business, in particular, hiring the right way is critical. With obstacles such as...

Historic U.S. Tax Court Decision That Will Save the Cannabis Industry Millions

Ultimately, what saved Harborside from receiving a harsher ruling, was the fact that Harborside maintained impeccable accounting records and filed their tax returns timely...

4 Banking Strategies for a Cannabis Company

In effect, the memo protected legal cannabis states from the federal cannabis ban. This is one reason certain banks won’t touch cannabis money - because cannabis is still illegal at the federal level...

Should I Outsource My CFO?

Since the accounting, tax, and regulatory requirements can be challenging to stay on top of, the need to hire a CFO is actually required much sooner for a cannabis business...

Tips for Managing Cash Flows of Your Cannabis Company

Cannabis businesses face cash flow issues for a few reasons. The first big reason is taxes. Being subject to the tax laws under Internal Revenue Code 280E means there are...

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