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Blog

October 18 2019

Best Practices for Managing Your Cash on Hand

The 280E regulation requires cannabis operators to deal with an inordinate amount of cash. The term “cash flow” takes on new meaning for businesses in this cash-heavy industry. Cash is the oxygen of any business, and when you’re just starting out, it’s likely that you may have some cash...

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Filed Under: Finance, Accounting

October 11 2019

Opportunity Zone Credits for Cannabis Investors & Operators

Opportunity zones are some of the best investments available for anyone with the funds seeking to lower their tax responsibility. Praised by some as a “more socially conscious form of real estate investing,” opportunity zones offer a way to do good while saving money on your taxes. Here’s...

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Filed Under: Taxes, Investing

October 01 2019

Everything Cannabis Operators Need to Know About Form 8300

Recently, our experts have heard reports of cannabis operators being penalized for failing to submit IRS Tax Form 8300

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Filed Under: Compliance, Taxes, Finance

September 24 2019

Mergers & Acquisitions in the Cannabis Industry - Business Combination & Integration

This post is the second in a two-part series on mergers and acquisitions in the cannabis industry. Read the first part, “Mergers & Acquisitions in the Cannabis Industry - Due Diligence” for things to know about performing due diligence on an M&A deal between two cannabis operators. 

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Filed Under: Finance, Investing

September 12 2019

How Are Taxes Covered Under Cannabis Partnership and Operating Agreements?

As operators gain more experience working in the cannabis industry, some trends are becoming clear. The market is very relationship-based; it’s hard to get a foothold in this competitive space if you don’t partner with another cannabis operator, either directly or indirectly. 

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Filed Under: Taxes, Finance

September 03 2019

Managing Cannabis Employee and Contractor Payroll with Cash

Due to federal regulations restricting cannabis operators’ access to traditional banking, many cannabis companies are forced to pay their operational costs in cash.

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Filed Under: Compliance, Taxes, Finance, Operations

August 26 2019

Weekly Licensing Update - August 26

This week’s cannabis updates from the state of California come from Los Angeles, Hesperia, Sacramento, and Oceanside. Plus, an important update in regards to starting a hemp business in the US. 

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Filed Under: California, Licenses, Finance

August 23 2019

Mergers & Acquisitions in the Cannabis Industry - Due Diligence

Mergers and acquisitions are becoming more and more popular in the cannabis industry. According to data from Marijuana Business Daily, “233 M&A transactions have been completed so far in 2019 versus 185 for a similar period last year.” M&A deals involving public buyers are an...

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Filed Under: Taxes, Finance, Investing

August 19 2019

Weekly Cannabis Licensing Update - August 19

Check out this week’s California cannabis news from Lassen County, Hemet, Bellflower, and Los Angeles. 

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Filed Under: California, Licenses

August 12 2019

Weekly Cannabis Licensing Update - August 12

This week’s California cannabis updates are from La Mesa, Corning, Oxnard, and the Bureau of Cannabis Control.

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Filed Under: California, Licenses