by admin | Nov 5, 2024 | Tax Strategies for Cannabis Businesses
Navigating cannabis business tax deductions under 280E is uniquely challenging. IRS Code 280E, originally designed to prevent illegal drug traffickers from claiming tax deductions, now impacts legally operating cannabis companies across the U.S. Because cannabis...
by admin | Nov 4, 2024 | Industry Trends and Insights
As the cannabis industry continues to grow and mature, staying informed about 2024 cannabis industry trends is essential for business owners who want to stay competitive. This year promises significant changes across technology, regulations, consumer preferences, and...
by admin | Nov 4, 2024 | Cash Flow and Money Management
Managing cash flow effectively is one of the most critical yet challenging tasks for cannabis businesses. This industry’s complex legal environment means that cannabis businesses often rely heavily on cash transactions, which creates unique financial management...
by admin | Nov 4, 2024 | Financial Planning and Strategy for Cannabis Businesses
As the cannabis industry matures, building a financial roadmap is essential for cannabis business leaders seeking growth and longevity. With unique challenges like regulatory hurdles, cash flow restrictions, and fluctuating tax obligations, cannabis entrepreneurs need...
by admin | Nov 4, 2024 | Tax Strategies for Cannabis Businesses
Cannabis businesses face unique challenges when it comes to tax deductions, largely due to IRS Code 280E. For companies operating in this space, understanding how to maximize allowable deductions without crossing compliance lines is crucial to reducing tax...
