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Tag: taxes
How Cannabis Businesses Should Prepare for a Potential End to 280E
A potential move of cannabis to Schedule III could eventually reshape the industry’s tax burden by ending the reach of Section 280E. But operators should not confuse political momentum with immediate relief. A CPA explains why retroactive tax refunds are unlikely and disciplined compliance still matters. From defensible cost accounting to scenario planning and entity-structure review, the smartest path is cautious preparation rather than reactive change.
Reform: Our Industry’s Great Divide
When Joseph R. Biden delivered the State of the Union address in March, he became the first United States president to use the word...
Delinquent Payments Topped $3.8 Billion in 2023
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research...
The Snowball Effect of Unpaid Bills
“The check is in the mail” appears to be the new mantra of the United States cannabis industry. While delinquent payments sadly have been...
4 Things You Can Do to Move Your Business Forward Right Now
We’re about a year into what is undoubtedly the most challenging stretch the cannabis industry has faced since the legalization movement began.
The initial hype...
Are Delayed Tax Payments a Viable Capital Allocation Strategy?
Notorious Mafia kingpin Al Capone never filed a federal income tax return, claiming he had no taxable income. Before he was convicted of tax...
Economic Analysis Indicates Cannabis Industry Paid $1.8 Billion in Excess Taxes in 2022
PORTLAND, Ore. , May 8, 2023 /PRNewswire/ --
Cannabis research firm, Whitney Economics, conducted an impact analysis of federal taxes on the cannabis industry. In...
What You Should Know About the Bank Secrecy Act
The Bank Secrecy Act (BSA) of 1970, also known as the Currency and Foreign Transactions Reporting Act, requires banks and other financial institutions to...
The Industry Wagons are Loaded Up and Moving East
The West Coast always will be known as the birthplace of the modern cannabis industry, but the past decade has proved being a first...
6 Under-the-Radar Legal Traps You Need to Know About
Cannabis businesses face a wide variety of hurdles in getting established and starting operations, many of which can be difficult to navigate without the...