New Jersey in May became the 20th state to decouple IRC Section 280E from its state tax code, allowing cannabis businesses the same standard business…
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Taxes
Cannabis businesses contending with the devastating effect of Section 280E already know they’re paying too much money in taxes every year, but a new report…
Although California state cannabis revenues are required to be reinvested in communities affected by the War on Drugs, local tax revenues are often spent on…
As a cannabis business, do you feel left out of the COVID-19 relief programs introduced in the past year and a half? Well, there may…
The cannabis business is busier than ever and with all the forms and paperwork required to run and maintain a successful business, one important tax…
So, you and your accountant or tax attorney have met with an IRS examining agent, and you’ve presented solid proof that they’re barking up the…
It’s hard enough running a cannabis business on a day-to-day basis. There’s employee relations and inventory management, software and systems, competitors, product selection and processing,…
In 1981, the IRS denied $30,341.69 in costs of goods sold (COGS) and business expenses reported by Minnesota drug seller Jeffrey Edmondson and determined a…
It’s the time of year when the birds begin to return, trees start to bud, flowers push fresh, green shoots through the thawing ground and…
Predictably, attempts to tracking and tracing software have instead created a chimera of regulation, big data and state-sanctioned monopolies.