Recent Difficulties Behind Getting Licenses
I recently read the article "Here's Why Most California Cannabis Cultivators Don't Have Licenses", by William Sumner, that was pretty...
What is CHAMPS?
Before I start, I would like to remind everyone that Cannabis is a Schedule 1 substance under the Controlled Substance Act and as such it...
199A Meets 280E – Cannabis Biz and the New Tax Act
Here we go – the Tax Cuts and Jobs Act signed in December 2017 allows (with limitations and restrictions) pass through entities to take a...
Brief Comparison of Hemp and Cannabis
There is a wide misconception that hemp is just another word for cannabis, or at the least there is no difference between the two words....
Why the Cannabis Industry Needs to Fill Out Form 8300
The Bank Secrecy Act, enacted around 1970, necessitates those in the U.S. who receive more than $10,000 of cash in their business to...
Why the Prejudice Against the Cannabis Industry?
As California gets closer and closer to the new year, the state braces itself for the new adult-use cannabis industry. On January 1st,...
Push Back On IRS 280E
Section 280E of the IRS tax code is something almost everyone in the cannabis industry has had to deal with. If a business touches the...
Some Useful Info. Ahead of Recreational Cannabis
Hello everyone! Even though the blog just started recently, I am going to write an article unrelated to accounting and taxes. I want to...
The Difficulties of Banking in the Cannabis Industry
Banking and lines of credit for the cannabis industry has been, and continues to be a huge problem. Generally, federally regulated banks...
Why Accountants Should Think About Servicing the Cannabis Industry More
The legalization of cannabis, both medical and recreational, in individual states has caused an explosion of cannabis related businesses,...
