Resources
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Financial Strategy Payroll Taxes for a California Cannabis Company
All cannabis businesses that operate in the state of California which have employees, including everything from cultivation to dispensaries, must withhold, report, and pay payroll taxes to the Employment Development …
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Cannabis Business Standard Operating Procedures to Implement in Your Cannabis Business
Before starting a business, many founders draft a detailed and comprehensive business plan. A business plan is helpful when raising capital, and for giving the business its best possible start. …
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Financial Strategy 4 Ways To Keep Your Start-up Cannabis Business ‘Lean’
Congratulations — you’re a new cannabis business owner! You’re excited because you secured financing, welcomed your first customers, hired an excellent team, and sales are starting to roll in. You’re …
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Cannabis Business 7 Financial Signs It’s Time to Sell Your Cannabis Business
Running a cannabis business can be incredibly lucrative. What many first-time founders don’t realize is that few businesses stay with the original owner. Many business owners professionally nurture a shop …
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Cannabis Business How to Restructure Your Cannabis Business as More States Legalize
The cannabis business is currently caught in an interesting dance of legality and opportunity. On one hand, it is still considered illegal according to federal law. However, on the other …
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Cannabis Business 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 …
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Cannabis Business 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 …
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Financial Strategy 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.
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Financial Strategy 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.
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Financial Strategy 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.
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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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